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Registered number: 09572655
The Modern Floor Co Ltd
Unaudited Financial Statements
For The Year Ended 10 July 2025
Ribble Valley Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09572655
10 July 2025 12 July 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 85,802 112,869
85,802 112,869
CURRENT ASSETS
Stocks 5 69,620 93,450
Debtors 6 193,060 130,505
Cash at bank and in hand 1,760,984 1,521,415
2,023,664 1,745,370
Creditors: Amounts Falling Due Within One Year 7 (1,395,164 ) (1,290,724 )
NET CURRENT ASSETS (LIABILITIES) 628,500 454,646
TOTAL ASSETS LESS CURRENT LIABILITIES 714,302 567,515
Creditors: Amounts Falling Due After More Than One Year 8 - (10,998 )
NET ASSETS 714,302 556,517
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 714,202 556,417
SHAREHOLDERS' FUNDS 714,302 556,517
Page 1
Page 2
For the year ending 10 July 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Lee Carus
Director
09/07/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Modern Floor Co Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09572655 . The registered office is Unit 3 St Ives Business Park, St. Ives Road, Blackburn, Lancashire, BB1 2BX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% RB
Motor Vehicles 25% RB
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 4)
6 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 13 July 2024 28,375 118,490 146,865
As at 10 July 2025 28,375 118,490 146,865
Depreciation
As at 13 July 2024 7,874 26,122 33,996
Provided during the period 3,075 23,992 27,067
As at 10 July 2025 10,949 50,114 61,063
Net Book Value
As at 10 July 2025 17,426 68,376 85,802
As at 13 July 2024 20,501 92,368 112,869
5. Stocks
10 July 2025 12 July 2024
£ £
Stock 69,620 93,450
6. Debtors
10 July 2025 12 July 2024
£ £
Due within one year
Trade debtors 193,060 125,842
Other debtors - 4,663
193,060 130,505
7. Creditors: Amounts Falling Due Within One Year
10 July 2025 12 July 2024
£ £
Trade creditors 1,061,566 749,590
Bank loans and overdrafts 10,998 8,630
Other creditors 122,879 241,177
Taxation and social security 199,721 291,327
1,395,164 1,290,724
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
10 July 2025 12 July 2024
£ £
Bank loans - 10,998
9. Share Capital
10 July 2025 12 July 2024
£ £
Allotted, Called up and fully paid 100 100
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