Square-One Floors Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 14034061 (England and Wales)

REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE PERIOD 30 APRIL 2024 TO 28 APRIL 2025

FOR

SQUARE-ONE FLOORS LTD

Page

Company Information

1

Report of the Director

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

7

DIRECTOR:

Mr B Prescott

REGISTERED OFFICE:

Britannic House

657 Liverpool Road

Irlam

Greater Manchester

M44 5XD

REGISTERED NUMBER:

14034061 (England and Wales)

ACCOUNTANTS:

Cadishead Accountancy Services Limited

Britannic House

657 Liverpool Road

Irlam

Manchester

Lancashire

M44 5XD

The director presents his report with the financial statements of the company for the period 30 April 2024 to 28 April 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of Floor and wall covering

DIRECTOR

Mr B Prescott held office during the whole of the period from 30 April 2024 to the date of this report.

His beneficial interest in the shares of the company, according to the register of directors' interests, was as follows:

28.4.25

30.4.24

Ordinary shares of £1 each

1

He did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr B Prescott - Director

29 April 2026

FIXED ASSETS

Tangible assets

4

926

17,166

CURRENT ASSETS

Debtors

5

77,770

95,975

Cash at bank

14,696

4,075

92,466

100,050

CREDITORS

Amounts falling due within one year

6

(92,270

)

(47,783

)

NET CURRENT ASSETS

196

52,267

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,122

69,433

CREDITORS

Amounts falling due after more than one
year

7

-

(14,233

)

NET ASSETS

1,122

55,200

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

1,121

55,199

SHAREHOLDERS' FUNDS

1,122

55,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 April 2026 and were signed by:

Mr B Prescott - Director

1.	STATUTORY INFORMATION

Square-One Floors Ltd 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 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

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

COST

At 30 April 2024

27,083

1,097

28,180

Additions

-

935

Disposals

(27,083

)

-

(27,083

)

At 28 April 2025

-

2,032

DEPRECIATION

At 30 April 2024

10,579

435

11,014

Charge for period

-

671

Eliminated on disposal

(10,579

)

-

(10,579

)

At 28 April 2025

-

1,106

NET BOOK VALUE

At 28 April 2025

-

926

At 29 April 2024

16,504

662

17,166

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.4.25

29.4.24

£

Trade debtors

44,128

81,415

Other debtors

33,642

14,560

77,770

95,975

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.4.25

29.4.24

£

Bank loans and overdrafts

-

15,019

Hire purchase contracts (see note 8)

-

6,100

Trade creditors

79,876

15,830

Taxation and social security

11,894

7,159

Other creditors

500

3,675

92,270

47,783

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

28.4.25

29.4.24

£

Hire purchase contracts (see note 8)

-

14,233

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

28.4.25

29.4.24

£

Net obligations repayable:

Within one year

-

6,100

Between one and five years

-

14,233

-

20,333

Non-cancellable

operating leases

28.4.25

29.4.24

£

Within one year

10,807

Between one and five years

28,819

39,626

50,433

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 28 April 2025 and 29 April 2024:

28.4.25

29.4.24

£

Mr B Prescott

Balance outstanding at start of period

-

Amounts advanced

33,599

-

Amounts repaid

(15,000

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

18,599

-

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr B Prescott.