The Floor Store Trade Ltd - Filleted accounts

Registered number

08624337

The Floor Store Trade Ltd

Unaudited Filleted Accounts

31 May 2025

The Floor Store Trade Ltd
Registered number:		08624337
Balance Sheet
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		45,993			57,492

Current assets
Stocks		196,797			221,277
Debtors	4	109,662			92,852
Cash at bank and in hand		58,216			55,112
		364,675			369,241

Creditors: amounts falling due within one year	5	(219,015)			(273,984)

Net current assets			145,660			95,257

Total assets less current liabilities			191,653			152,749

Creditors: amounts falling due after more than one year	6		-			(8,007)



Net assets			191,653			144,742

Capital and reserves
Called up share capital			100			100
Profit and loss account			191,553			144,642

Shareholders' funds			191,653			144,742

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




A Rogers
Director
Approved by the board on 25 November 2025

The Floor Store Trade Ltd
Notes to the Accounts
for the year ended 31 May 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Vehicles	20% net book value
	Plant and machinery	20% net book value
	Fixtures, fittings, tools and equipment	20% net book value

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			8		7


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 June 2024	39,032		55,889		94,921
	At 31 May 2025	39,032		55,889		94,921

	Depreciation
	At 1 June 2024	21,161		16,268		37,429
	Charge for the year	3,574		7,925		11,499
	At 31 May 2025	24,735		24,193		48,928

	Net book value
	At 31 May 2025	14,297		31,696		45,993
	At 31 May 2024	17,871		39,621		57,492


4	Debtors			2025		2024
£					£

	Trade debtors			87,357		86,853
	Other debtors			22,305		5,999
				109,662		92,852


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			30,193		9,600
	Trade creditors			62,583		85,020
	Taxation and social security costs			29,069		38,010
	Other creditors			97,170		141,354
				219,015		273,984


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			-		8,007


7	Controlling party

	The ultimate controlling party during the year was Graham Manuel who was also a shareholder.


8	Other information

	The Floor Store Trade Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 4 Holly Close
	Whitehills Business Park
	Blackpool
	FY4 5QP