Company Registration No. 08474730 (England and Wales)
Midlands Flooring Limited
Unaudited accounts
for the year ended 31 March 2025
Midlands Flooring Limited
Unaudited accounts
Contents
Midlands Flooring Limited
Company Information
for the year ended 31 March 2025
Directors
David Wilson
Vicky Wilson
Company Number
08474730 (England and Wales)
Registered Office
Unit 1, Chestnut Drive Kelsey Close
Attleborough Fields Ind Estate
Nuneaton
CV11 6RS
Accountants
Peacock Accountants Ltd
Two Oaks
67 London Road
Stretton on Dunsmore
Rugby
England
CV23 9JB
Midlands Flooring Limited
Statement of financial position
as at 31 March 2025
Tangible assets
192,188
141,125
Cash at bank and in hand
483,959
502,807
Creditors: amounts falling due within one year
(618,461)
(585,937)
Net current assets
459,286
600,563
Total assets less current liabilities
651,474
741,688
Creditors: amounts falling due after more than one year
(58,803)
(133,691)
Net assets
592,671
607,997
Called up share capital
100
100
Profit and loss account
592,571
607,897
Shareholders' funds
592,671
607,997
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2025 and were signed on its behalf by
David Wilson
Director
Company Registration No. 08474730
Midlands Flooring Limited
Notes to the Accounts
for the year ended 31 March 2025
Midlands Flooring Limited is a private company, limited by shares, registered in England and Wales, registration number 08474730. The registered office is Unit 1, Chestnut Drive Kelsey Close, Attleborough Fields Ind Estate, Nuneaton, CV11 6RS.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2024
16,720
214,210
230,930
Additions
3,132
137,869
141,001
Disposals
-
(84,074)
(84,074)
At 31 March 2025
19,852
268,005
287,857
At 1 April 2024
13,892
75,913
89,805
Charge for the year
2,003
32,244
34,247
On disposals
-
(28,383)
(28,383)
At 31 March 2025
15,895
79,774
95,669
At 31 March 2025
3,957
188,231
192,188
At 31 March 2024
2,828
138,297
141,125
Amounts falling due within one year
Trade debtors
491,530
581,112
Midlands Flooring Limited
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
42,736
69,088
Obligations under finance leases and hire purchase contracts
14,372
16,572
Trade creditors
496,323
382,837
Taxes and social security
63,546
95,866
Other creditors
1,333
15,396
Loans from directors
151
6,178
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Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
58,803
90,955
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Average number of employees
During the year the average number of employees was 7 (2024: 7).