Company Registration No. 08092527 (England and Wales)
LK Flooring Cheltenham Limited
Unaudited accounts
for the year ended 31 May 2025
LK Flooring Cheltenham Limited
Unaudited accounts
Contents
LK Flooring Cheltenham Limited
Company Information
for the year ended 31 May 2025
Company Number
08092527 (England and Wales)
Registered Office
9 CORNFIELD DRIVE
BISHOPS CLEEVE
CHELTENHAM
GL52 7YR
ENGLAND
Accountants
MAB Accountancy Hub Ltd
82 Station Road
Bishops Cleeve
Cheltenham
Gloucestershire
GL52 8HJ
LK Flooring Cheltenham Limited
Statement of financial position
as at 31 May 2025
Tangible assets
21,755
31,426
Cash at bank and in hand
55,433
98,194
Creditors: amounts falling due within one year
(40,930)
(46,455)
Net current assets
51,625
65,155
Total assets less current liabilities
73,380
96,581
Creditors: amounts falling due after more than one year
(22,007)
(27,533)
Provisions for liabilities
Deferred tax
(4,133)
(5,971)
Called up share capital
100
105
Profit and loss account
47,140
62,972
Shareholders' funds
47,240
63,077
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 24 December 2025 and were signed on its behalf by
Leon Peach
Director
Company Registration No. 08092527
LK Flooring Cheltenham Limited
Notes to the Accounts
for the year ended 31 May 2025
LK Flooring Cheltenham Limited is a private company, limited by shares, registered in England and Wales, registration number 08092527. The registered office is 9 CORNFIELD DRIVE, BISHOPS CLEEVE, CHELTENHAM, GL52 7YR, ENGLAND.
2
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:
Computer equipment
3 Years
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
LK Flooring Cheltenham Limited
Notes to the Accounts
for the year ended 31 May 2025
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2024
60,069
4,800
64,869
At 31 May 2025
60,248
4,971
65,219
At 1 June 2024
30,905
2,538
33,443
Charge for the year
8,762
1,259
10,021
At 31 May 2025
39,667
3,797
43,464
At 31 May 2025
20,581
1,174
21,755
At 31 May 2024
29,164
2,262
31,426
Amounts falling due within one year
Trade debtors
8,344
11,659
Accrued income and prepayments
907
619
Amounts falling due after more than one year
Amounts due from group undertakings etc.
26,873
-
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
5,514
5,514
Trade creditors
7,943
9,083
Taxes and social security
7,260
9,439
Other creditors
10,331
527
Loans from directors
248
3
Deferred income
1,300
13,281
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 5 (2024: 5).