Eastleigh Contract Flooring Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 07333484 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2022

for

Eastleigh Contract Flooring Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr P G Jones

REGISTERED OFFICE:

6 Phoenix Industrial Estate

Chickenhall Lane

Eastleigh

Hampshire

SO50 6PQ

REGISTERED NUMBER:

07333484 (England and Wales)

ACCOUNTANTS:

CBM Accountants Limited

130 Bournemouth Road

Chandler's Ford

Eastleigh

Hampshire

SO53 3AL

FIXED ASSETS

Tangible assets

4

311

2,935

CURRENT ASSETS

Stocks

5,000

5,000

Debtors

5

26,358

49,272

Cash at bank

179,438

110,363

210,796

164,635

CREDITORS

Amounts falling due within one year

6

50,311

38,436

NET CURRENT ASSETS

160,485

126,199

TOTAL ASSETS LESS CURRENT LIABILITIES

160,796

129,134

PROVISIONS FOR LIABILITIES

11

1,173

NET ASSETS

160,785

127,961

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

160,685

127,861

SHAREHOLDERS' FUNDS

160,785

127,961

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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 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 director and authorised for issue on 11 November 2022 and were signed by:

Mr P G Jones - Director

1.	STATUTORY INFORMATION

Eastleigh Contract Flooring 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.

Tools and equipment

-

25% on cost

Motor vehicles

-

25% on cost

Office equipment

-

25% on cost

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 1 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Tools and

Motor

Office

equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2021

23,086

16,950

1,980

42,016

Additions

187

-

-

187

At 31 August 2022

23,273

16,950

1,980

42,203

DEPRECIATION

At 1 September 2021

20,337

16,950

1,794

39,081

Charge for year

2,748

-

63

2,811

At 31 August 2022

23,085

16,950

1,857

41,892

NET BOOK VALUE

At 31 August 2022

188

-

123

311

At 31 August 2021

2,749

-

186

2,935

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

25,917

48,523

Other debtors

-

146

Prepayments

441

603

26,358

49,272

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

13,502

12,399

Tax

12,225

14,738

VAT

7,206

10,244

Directors' loan accounts

16,271

-

Accruals and deferred income

1,070

1,020

Accrued expenses

37

35

50,311

38,436