Prestige Flooring Essex Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11344521 (England and Wales)

Financial Statements for the Year Ended 31 May 2026

for

Prestige Flooring Essex Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr P K Taylor

Mr L Taylor

REGISTERED OFFICE:

50 Recreation Avenue

Romford

United Kingdom

Essex

RM3 0TJ

REGISTERED NUMBER:

11344521 (England and Wales)

ACCOUNTANTS:

B G Hoddy & Co

15 Electric Parade

Seven Kings Road

Ilford

Essex

IG3 8BY

FIXED ASSETS

Tangible assets

4

15,777

17,703

CURRENT ASSETS

Stocks

2,000

Debtors

5

15,611

31,065

Cash at bank

116,581

62,665

134,192

95,730

CREDITORS

Amounts falling due within one year

6

32,085

24,308

NET CURRENT ASSETS

102,107

71,422

TOTAL ASSETS LESS CURRENT
LIABILITIES

117,884

89,125

CAPITAL AND RESERVES

Called up share capital

50

Retained earnings

117,834

89,075

SHAREHOLDERS' FUNDS

117,884

89,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 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 7 October 2026 and were signed on its behalf by:

Mr L Taylor - Director

1.	STATUTORY INFORMATION

Prestige Flooring Essex 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.

Office cabin

-

in accordance with the property

Motor vehicles

-

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Office

Motor

cabin

vehicles

Totals

£

COST

At 1 June 2025

and 31 May 2026

10,000

13,695

23,695

DEPRECIATION

At 1 June 2025

-

5,992

Charge for year

-

1,926

At 31 May 2026

-

7,918

NET BOOK VALUE

At 31 May 2026

10,000

5,777

15,777

At 31 May 2025

10,000

7,703

17,703

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

Trade debtors

14,293

29,524

Other debtors

50

Tax

1,268

1,027

VAT

-

464

15,611

31,065

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

Trade creditors

9,006

18,505

Tax

19,867

3,180

VAT

308

-

Directors' current accounts

1,674

1,274

Accrued expenses

1,230

1,349

32,085

24,308