REGISTERED NUMBER: 06780241 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

T & L FLOORING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A R Ellis

L M Ellis

SECRETARY:

L Ellis

REGISTERED OFFICE:

Ground Floor, Baird House

Seebeck Place

Knowlhill

Milton Keynes

Buckinghamshire

MK5 8FR

REGISTERED NUMBER:

06780241 (England and Wales)

ACCOUNTANTS:

TC Group

Baird House

Seebeck Place

Knowlhill

Milton Keynes

Buckinghamshire

MK5 8FR

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

33,344

13,972

33,344

13,972

CURRENT ASSETS

Stocks

6,240

5,943

Debtors

6

116,026

115,505

Cash at bank

374,299

342,023

496,565

463,471

CREDITORS

Amounts falling due within one year

7

120,531

131,693

NET CURRENT ASSETS

376,034

331,778

TOTAL ASSETS LESS CURRENT LIABILITIES

409,378

345,750

PROVISIONS FOR LIABILITIES

8

8,336

3,493

NET ASSETS

401,042

342,257

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

400,042

341,257

SHAREHOLDERS' FUNDS

401,042

342,257

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 January 2026 and were signed on its behalf by:

A R Ellis - Director

1.	STATUTORY INFORMATION

T & L Flooring Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

140,000

AMORTISATION

At 1 April 2024

and 31 March 2025

140,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

(1,079

)

20,150

9,393

28,464

Additions

-

28,403

1,333

29,736

Disposals

-

(18,000

)

-

(18,000

)

Reclassification/transfer

2,935

-

(2,935

)

-

At 31 March 2025

1,856

30,553

7,791

40,200

DEPRECIATION

At 1 April 2024

(585

)

10,744

4,333

14,492

Charge for year

113

1,675

1,140

2,928

Eliminated on disposal

-

(10,564

)

-

(10,564

)

Reclassification/transfer

1,987

-

(1,987

)

-

At 31 March 2025

1,515

1,855

3,486

6,856

NET BOOK VALUE

At 31 March 2025

341

28,698

4,305

33,344

At 31 March 2024

(494

)

9,406

5,060

13,972

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

60,603

62,727

Directors' current accounts

55,271

52,626

Prepayments

152

152

116,026

115,505

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

25,766

25,000

Taxation and social security

90,630

102,818

Other creditors

4,135

3,875

120,531

131,693

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

8,336

3,493

Deferred

tax

£

Balance at 1 April 2024

3,493

Provided during the period

4,843

Balance at 31 March 2025

8,336

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

ordinary

£1

1,000

1,000

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

A R Ellis and L M Ellis

Balance outstanding at start of year

52,626

(677

)

Amounts advanced

206,499

255,038

Amounts repaid

(203,854

)

(201,735

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

55,271

52,626

The director's current account was repaid within 9 months of the year end.

11.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who own 100% of the ordinary share capital.