FLOOR SPACE LIMITED - Filleted accounts

Registered number

04181803

FLOOR SPACE LIMITED

Filleted Accounts

31 March 2025

FLOOR SPACE LIMITED
Registered number:		04181803
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		250			334

Current assets
Stocks		2,336,330			2,336,330
Debtors	4	18,802			28,914
Cash at bank and in hand		541,911			422,686
		2,897,043			2,787,930

Creditors: amounts falling due within one year	5	(109,274)			(93,808)

Net current assets			2,787,769			2,694,122

Total assets less current liabilities			2,788,019			2,694,456

Creditors: amounts falling due after more than one year	6		(992,345)			(1,044,250)

Provisions for liabilities			(48)			(63)


Net assets			1,795,626			1,650,143

Capital and reserves
Called up share capital			100			100
Profit and loss account			1,795,526			1,650,043

Shareholder's funds			1,795,626			1,650,143

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.




Mrs L J Kuhwald
Director
Approved by the board on 27 December 2025

FLOOR SPACE LIMITED
Notes to the Accounts
for the year ended 31 March 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 receivable. Turnover includes revenue earned from the sale of property and from the rendering of services. Turnover from the sale of property is recognised when the significant risks and rewards of ownership of the property have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.


	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 over its expected useful life, as follows:


	Furniture and equipment	25% per annum reducing balance basis


	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. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


	Pensions
	The company did not operate a pension scheme during the year.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		1		1


3	Tangible fixed assets
					Furniture & equipment
£
	Cost
	At 1 April 2024				22,553
	At 31 March 2025				22,553

	Depreciation
	At 1 April 2024				22,219
	Charge for the year				84
	At 31 March 2025				22,303

	Net book value
	At 31 March 2025				250
	At 31 March 2024				334


4	Debtors		2025		2024
£				£

	Trade debtors and prepayments		18,802		28,914




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

	Bank loans and overdrafts		52,902		53,922
	Trade creditors and accruals		1,776		1,776
	Corporation tax		51,851		36,364
	Other creditors - director's loan account		2,745		1,746
			109,274		93,808




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

	Bank loans		992,345		1,044,250




7	Loans		2025		2024
£				£
	Creditors include:
	Instalments falling due for payment after more than five years		727,835		774,641


	Secured bank loans		1,045,247		1,098,172

	The loans are secured by fixed charges over the company's investment properties.



8	Events after the reporting date
	There were no events after the reporting date which would affect the user's understanding of these accounts.


9	Contingent liabilities
	There were no contingent liabilities in existence at the year end.



10	Controlling party
	The director, Mrs L J Kuhwald, owns 100% of the company's issued ordinary share capital.



11	Other information

	FLOOR SPACE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	56 School Lane
	Didsbury
	Manchester
	M20 6RT