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REGISTERED NUMBER: 09611722 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2018

FOR

FLOORING HUT LTD

FLOORING HUT LTD (REGISTERED NUMBER: 09611722)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLOORING HUT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2018







DIRECTORS: P R Brewster
B Burgess
A S Funnell
D C Greaves





SECRETARY: A S Funnell





REGISTERED OFFICE: 46 Durrington Lane
Worthing
West Sussex
BN13 2QU





REGISTERED NUMBER: 09611722 (England and Wales)






FLOORING HUT LTD (REGISTERED NUMBER: 09611722)

BALANCE SHEET
31 MAY 2018

2018 2017
Notes £    £   
FIXED ASSETS
Tangible assets 4 109 145

CURRENT ASSETS
Stocks - 10,500
Debtors 5 10,019 -
Cash at bank and in hand 36,376 11,014
46,395 21,514
CREDITORS
Amounts falling due within one year 6 (26,422 ) (9,184 )
NET CURRENT ASSETS 19,973 12,330
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,082

12,475

PROVISIONS FOR LIABILITIES 7 (20 ) (29 )
NET ASSETS 20,062 12,446

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 19,962 12,346
SHAREHOLDERS' FUNDS 20,062 12,446

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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.

FLOORING HUT LTD (REGISTERED NUMBER: 09611722)

BALANCE SHEET - continued
31 MAY 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 24 July 2018 and were signed on its behalf by:





B Burgess - Director


FLOORING HUT LTD (REGISTERED NUMBER: 09611722)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018

1. STATUTORY INFORMATION

Flooring Hut Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - NIL ) .

FLOORING HUT LTD (REGISTERED NUMBER: 09611722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2018

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2017
and 31 May 2018 256
DEPRECIATION
At 1 June 2017 111
Charge for year 36
At 31 May 2018 147
NET BOOK VALUE
At 31 May 2018 109
At 31 May 2017 145

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 10,019 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security 1,792 5,656
Other creditors 24,630 3,528
26,422 9,184

7. PROVISIONS FOR LIABILITIES
2018 2017
£    £   
Deferred tax 20 29

Deferred
tax
£   
Balance at 1 June 2017 29
capital allowances in advance (9 )
of depreciation
Balance at 31 May 2018 20

FLOORING HUT LTD (REGISTERED NUMBER: 09611722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2018

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company purchased products totalling £30,715 (2017: £141,851) from Burgess Flooring
Limited which was 100% owned by one of the directors Mr B Burgess. As at the year end there were no amounts
outstanding.
During the year the company also used the services of Greaves Design Limited totalling £18,432 which was 50%
owned by one of the directors Mr D Greaves. As at the year end there were no amounts outstanding.