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

REGISTERED NUMBER: 04693069 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2022

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

475,878

373,810

CURRENT ASSETS

Stocks

40,000

Debtors

5

65,914

82,758

Cash at bank

22,349

24,274

128,263

147,032

CREDITORS

Amounts falling due within one year

6

76,187

84,599

NET CURRENT ASSETS

52,076

62,433

TOTAL ASSETS LESS CURRENT
LIABILITIES

527,954

436,243

CREDITORS

Amounts falling due after more than one
year

7

308,259

239,317

NET ASSETS

219,695

196,926

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

219,595

196,826

SHAREHOLDERS' FUNDS

219,695

196,926

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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 16 January 2023 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 4 (2021 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 July 2021

350,979

41,583

392,562

Additions

146,586

3,756

150,342

Disposals

(45,979

)

-

(45,979

)

At 30 June 2022

451,586

45,339

496,925

DEPRECIATION

At 1 July 2021

-

18,752

Charge for year

-

2,295

At 30 June 2022

-

21,047

NET BOOK VALUE

At 30 June 2022

451,586

24,292

475,878

At 30 June 2021

350,979

22,831

373,810

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

Trade debtors

65,914

82,758

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

Trade creditors

11,811

17,380

Taxation and social security

(4,539

)

13,417

Other creditors

68,915

53,802

76,187

84,599

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.6.22

30.6.21

£

Other creditors

308,259

239,317

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 22.3

Floor Design (IW) Limited - Accounts to registrar (filleted) - small 22.3