Floor Design (IW) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04693069 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2019

for

Floor Design (IW) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Watkins

Mrs D Watkins

S T Watkins

SECRETARY:

Mrs D Watkins

REGISTERED OFFICE:

16c Sandown Road

Lake

Isle of Wight

PO36 9JP

REGISTERED NUMBER:

04693069 (England and Wales)

ACCOUNTANTS:

Allegri & Co.

16c Sandown Road

Lake

Isle of Wight

PO36 9JP

BANKERS:

HSBC

61 High Street

Sandown

Isle of Wight

PO36 8AA

FIXED ASSETS

Tangible assets

4

328,107

323,272

CURRENT ASSETS

Stocks

60,000

40,000

Debtors

5

68,664

93,758

Cash at bank and in hand

-

4,317

128,664

138,075

CREDITORS

Amounts falling due within one year

6

43,391

19,896

NET CURRENT ASSETS

85,273

118,179

TOTAL ASSETS LESS CURRENT
LIABILITIES

413,380

441,451

CREDITORS

Amounts falling due after more than one
year

7

220,242

227,662

NET ASSETS

193,138

213,789

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

193,038

213,689

SHAREHOLDERS' FUNDS

193,138

213,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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 on 19 December 2019 and were signed on its behalf
by:

D Watkins - Director

1.	STATUTORY INFORMATION

Floor Design (IW) Limited 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.

Plant and machinery etc

-

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.

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.

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 5 (2018 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 July 2018

305,000

25,362

330,362

Additions

-

9,692

At 30 June 2019

305,000

35,054

340,054

DEPRECIATION

At 1 July 2018

-

7,090

Charge for year

-

4,857

At 30 June 2019

-

11,947

NET BOOK VALUE

At 30 June 2019

305,000

23,107

328,107

At 30 June 2018

305,000

18,272

323,272

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

Trade debtors

68,664

89,100

Other debtors

-

4,658

68,664

93,758

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

Bank loans and overdrafts

4,866

-

Hire purchase contracts

4,433

7,980

Trade creditors

20,253

10,601

Taxation and social security

11,587

(482

)

Other creditors

2,252

1,797

43,391

19,896

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.6.19

30.6.18

£

Other creditors

220,242

227,662

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

190,098

Floor Design (IW) Limited - Accounts to registrar (filleted) - small 18.2

Floor Design (IW) Limited - Accounts to registrar (filleted) - small 18.2