Acorah Software Products - Accounts Production 16.6.950 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 01687815 Mrs Faith Dorothy Walker Mr Jeffery James Walker Mrs Rosemary May Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01687815 2024-03-31 01687815 2025-03-31 01687815 2024-04-01 2025-03-31 01687815 frs-core:CurrentFinancialInstruments 2025-03-31 01687815 frs-core:Non-currentFinancialInstruments 2025-03-31 01687815 frs-core:BetweenOneFiveYears 2025-03-31 01687815 frs-core:ComputerEquipment 2025-03-31 01687815 frs-core:ComputerEquipment 2024-04-01 2025-03-31 01687815 frs-core:ComputerEquipment 2024-03-31 01687815 frs-core:FurnitureFittings 2025-03-31 01687815 frs-core:FurnitureFittings 2024-04-01 2025-03-31 01687815 frs-core:FurnitureFittings 2024-03-31 01687815 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 01687815 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 01687815 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 01687815 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 01687815 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 01687815 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 01687815 frs-core:MotorVehicles 2025-03-31 01687815 frs-core:MotorVehicles 2024-04-01 2025-03-31 01687815 frs-core:MotorVehicles 2024-03-31 01687815 frs-core:PlantMachinery 2025-03-31 01687815 frs-core:PlantMachinery 2024-04-01 2025-03-31 01687815 frs-core:PlantMachinery 2024-03-31 01687815 frs-core:WithinOneYear 2025-03-31 01687815 frs-core:SharePremium 2025-03-31 01687815 frs-core:ShareCapital 2025-03-31 01687815 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 01687815 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01687815 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 01687815 frs-bus:SmallEntities 2024-04-01 2025-03-31 01687815 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 01687815 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01687815 frs-bus:Director1 2024-04-01 2025-03-31 01687815 frs-bus:Director2 2024-04-01 2025-03-31 01687815 frs-bus:Director3 2024-04-01 2025-03-31 01687815 frs-core:CurrentFinancialInstruments 1 2025-03-31 01687815 frs-core:CurrentFinancialInstruments 2 2025-03-31 01687815 frs-countries:EnglandWales 2024-04-01 2025-03-31 01687815 2023-03-31 01687815 2024-03-31 01687815 2023-04-01 2024-03-31 01687815 frs-core:CurrentFinancialInstruments 2024-03-31 01687815 frs-core:Non-currentFinancialInstruments 2024-03-31 01687815 frs-core:BetweenOneFiveYears 2024-03-31 01687815 frs-core:WithinOneYear 2024-03-31 01687815 frs-core:SharePremium 2024-03-31 01687815 frs-core:ShareCapital 2024-03-31 01687815 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 01687815 frs-core:CurrentFinancialInstruments 1 2024-03-31 01687815 frs-core:CurrentFinancialInstruments 2 2024-03-31
Registered number: 01687815
Floor Restorations Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 01687815
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,262,935 1,186,370
1,262,935 1,186,370
CURRENT ASSETS
Stocks 5 362,138 379,186
Debtors 6 1,740,926 1,983,759
Cash at bank and in hand 81,047 120,640
2,184,111 2,483,585
Creditors: Amounts Falling Due Within One Year 7 (2,082,642 ) (2,323,027 )
NET CURRENT ASSETS (LIABILITIES) 101,469 160,558
TOTAL ASSETS LESS CURRENT LIABILITIES 1,364,404 1,346,928
Creditors: Amounts Falling Due After More Than One Year 8 (664,177 ) (658,592 )
NET ASSETS 700,227 688,336
CAPITAL AND RESERVES
Called up share capital 10 150 150
Share premium account 4,950 4,950
Profit and Loss Account 695,127 683,236
SHAREHOLDERS' FUNDS 700,227 688,336
Page 1
Page 2
For the year ending 31 March 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
Mrs Faith Dorothy Walker
Director
Mr Jeffery James Walker
Director
18th November 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Floor Restorations Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01687815 . The registered office is Unit 25 Monkspath Business Park, Highlands Road, Shirley, Solihull, West Midlands, B90 4NZ.
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:
Freehold 2% on cost
Leasehold 2% on cost
Plant & Machinery 10% on cost
Motor Vehicles 15% on NBV
Fixtures & Fittings 15% on cost
Computer Equipment 33% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.5. 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.
2.6. 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.
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: 45 (2024: 42)
45 42
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 April 2024 98,882 598,182 117,368 828,803
Additions 98,679 - 21,885 119,489
Disposals - - - (41,908 )
As at 31 March 2025 197,561 598,182 139,253 906,384
...CONTINUED
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Page 5
Depreciation
As at 1 April 2024 24,162 430,235 36,221 247,527
Provided during the period 19,756 11,964 10,640 103,460
Reversal of past impairment - - - (30,880 )
As at 31 March 2025 43,918 442,199 46,861 320,107
Net Book Value
As at 31 March 2025 153,643 155,983 92,392 586,277
As at 1 April 2024 74,720 167,947 81,147 581,276
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 420,774 72,454 2,136,463
Additions 50,982 12,942 303,977
Disposals - - (41,908 )
As at 31 March 2025 471,756 85,396 2,398,532
Depreciation
As at 1 April 2024 149,551 62,397 950,093
Provided during the period 60,176 10,388 216,384
Reversal of past impairment - - (30,880 )
As at 31 March 2025 209,727 72,785 1,135,597
Net Book Value
As at 31 March 2025 262,029 12,611 1,262,935
As at 1 April 2024 271,223 10,057 1,186,370
5. Stocks
2025 2024
£ £
Stock 332,477 338,161
Work in progress 29,661 41,025
362,138 379,186
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Page 6
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 944,248 1,173,065
Prepayments and accrued income 331,183 232,512
Other debtors 89,157 166,972
CVA Account 209,232 244,104
Corporation tax recoverable assets 167,106 167,106
1,740,926 1,983,759
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 82,738 96,428
Trade creditors 656,813 567,670
Corporation tax 1,140 -
Other taxes and social security 307,162 449,343
Other creditors 730,518 940,539
Capital On tap 97,922 99,981
Bank Loans 1-2 Years 194,285 60,451
Accruals 11,532 106,888
Directors' loan accounts 532 1,727
2,082,642 2,323,027
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 454,748 507,652
Bank loans 2- 5 Years 201,785 122,254
Accruals and deferred income 7,644 28,686
664,177 658,592
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9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 82,738 96,428
Later than one year and not later than five years 454,748 507,652
537,486 604,080
537,486 604,080
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 150 150
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