PROJECT FLOORS (UK) LIMITED

Company Registration Number:
05314203 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

PROJECT FLOORS (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

PROJECT FLOORS (UK) LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 106,293 50,534
Total fixed assets: 106,293 50,534
Current assets
Stocks: 750,000 796,000
Debtors: 4 1,806,730 1,508,780
Cash at bank and in hand: 195,309 64,908
Total current assets: 2,752,039 2,369,688
Creditors: amounts falling due within one year: 5 (485,002) (396,632)
Net current assets (liabilities): 2,267,037 1,973,056
Total assets less current liabilities: 2,373,330 2,023,590
Creditors: amounts falling due after more than one year: 6 (1,108,324) (1,118,324)
Total net assets (liabilities): 1,265,006 905,266
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,264,906 905,166
Shareholders funds: 1,265,006 905,266

The notes form part of these financial statements

PROJECT FLOORS (UK) LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 December 2025
and signed on behalf of the board by:

Name: Ashok R Patel
Status: Director

The notes form part of these financial statements

PROJECT FLOORS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings at 15% on reducing balance and Motor vehicles at 25% on cost

Other accounting policies

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. 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.

PROJECT FLOORS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 11 11

PROJECT FLOORS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 187,132
Additions 74,435
Disposals (49,000)
At 31 December 2024 212,567
Depreciation
At 01 January 2024 136,598
Charge for year 52,009
On disposals (15,000)
Other adjustments (67,333)
At 31 December 2024 106,274
Net book value
At 31 December 2024 106,293
At 31 December 2023 50,534

PROJECT FLOORS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 1,806,730 1,508,780

PROJECT FLOORS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due within one year note

Trade creditors £81000 Taxation £350000 Other creditors £54002

PROJECT FLOORS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Creditors: amounts falling due after more than one year note

Bank Loan and other creditors £1108324

PROJECT FLOORS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Related party transactions

Related party disclosures 1. PROJECT FLOORS GmbH, a company incorporated in Germany, holds 38% of the issued share capital of PROJECT FLOORS (UK) Limited. During the year, PROJECT FLOORS (UK) Limited: i. purchased goods and marketing support amounting to Euros 422,300 (2023; Euros 474,000) from PROJECT FLOORS GmbH ii. sold goods amounting to Euros NIL (2023: Euros NIL) to PROJECT FLOORS GmbH Amounts outstanding at the year end was Euros NIL (2023: Euros NIL) due to PROJECT FLOORS GmbH