Floors 4 All Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04922352 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2014

for

Floors 4 All Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

E J Evans

REGISTERED OFFICE:

Leofric House

Binley Road

Coventry

West Midlands

CV3 1JN

REGISTERED NUMBER:

04922352 (England and Wales)

ACCOUNTANTS:

Leigh Christou Ltd

Chartered Certified Accountants

Leofric House

Binley Road

Coventry

West Midlands

CV3 1JN

FIXED ASSETS

Tangible assets

2

6,340

2,139

CURRENT ASSETS

Stocks

25,000

35,000

Debtors

25,132

31,499

Cash at bank and in hand

25,978

28,722

76,110

95,221

CREDITORS

Amounts falling due within one year

69,186

48,885

NET CURRENT ASSETS

6,924

46,336

TOTAL ASSETS LESS CURRENT LIABILITIES

13,264

48,475

PROVISIONS FOR LIABILITIES

1,268

428

NET ASSETS

11,996

48,047

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

11,896

47,947

SHAREHOLDERS' FUNDS

11,996

48,047

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 1 May 2015 and were signed by:

E J Evans - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of

service contracts where turnover is recognised when the company obtains the right to consideration.

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

-

Straight line over 4 years

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred taxation arises as a result of including items of income and expenditure in taxation computations in

periods different from those in which they are included in the company's accounts. Deferred taxation is provided

in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average

tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

3,489

Additions

5,245

At 31 August 2014

8,734

DEPRECIATION

At 1 September 2013

1,350

Charge for year

1,044

At 31 August 2014

2,394

NET BOOK VALUE

At 31 August 2014

6,340

At 31 August 2013

2,139

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

£

52

Ordinary A

£1

52

-

48

Ordinary B

£1

48

-

100

-

Allotted and issued:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

£

NIL

Ordinary

£1

-

100

(31.8.13 - 100 )

On 29 October 2013, the company's 100 Ordinary shares of £1 each were reclassified into 52 Ordinary A and 48

Ordinary B shares, with each share having a par value of £1. All of the shares in issue are fully paid and rank pari

passu.

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2014 and

31 August 2013:

31.8.14

31.8.13

£

£

E J Evans

Balance outstanding at start of year

11,609

7,846

Amounts advanced

15,478

19,331

Amounts repaid

(27,295

)

(15,568

)

Balance outstanding at end of year

(208

)

11,609

Interest was charged on the above loan at a commercial rate. At 31 August 2014, an amount of £208 was owed to

the director, Mr E J Evans, and is included within other creditors. At 31 August 2013, an amount of £11,609 was

owed by the director, Mr E J Evans, and is included within other debtors.

5.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous period until 28 October 2013 by Mr E J Evans

by virtue of him holding all of the issued ordinary share capital of the company. From 29 October 2013 the

company was controlled by Mr C Stubbs by virtue of him holding a majority of the issued ordinary share capital

of the company.