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Registered number: 01613870










B.I.G. FLOORCOVERINGS UK LIMITED










ANNUAL REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024



 
B.I.G. FLOORCOVERINGS UK LIMITED
REGISTERED NUMBER: 01613870

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors
 4 
172,198
229,064

Cash and cash equivalents
 5 
884,481
766,104

  
1,056,679
995,168

Creditors: amounts falling due within one year
 6 
(130,230)
(202,028)

Net current assets
  
 
 
926,449
 
 
793,140

Total assets less current liabilities
  
926,449
793,140

  

Net assets
  
926,449
793,140


Capital and reserves
  

Called up share capital 
  
100,000
100,000

Profit and loss account
  
826,449
693,140

  
926,449
793,140


The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 June 2025.




F De Clerck
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 1

 
B.I.G. FLOORCOVERINGS UK LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2024
100,000
693,140
793,140


Comprehensive income for the year

Profit for the year
-
133,309
133,309
Total comprehensive income for the year
-
133,309
133,309


At 31 December 2024
100,000
826,449
926,449


The notes on pages 3 to 8 form part of these financial statements.


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2023
100,000
544,059
644,059


Comprehensive income for the year

Profit for the year
-
149,081
149,081
Total comprehensive income for the year
-
149,081
149,081


At 31 December 2023
100,000
693,140
793,140


The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
B.I.G. FLOORCOVERINGS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

B.I.G Floorcoverings UK Limited is a private company limited by shares, incorporated in England and Wales within the UK. The company's registered office is 6th Floor, 2 London Wall Place, London, EC2Y 5AU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company's Statement of Financial Position has been adopted in accordance with Section 4.2A of Financial Reporting Standard 102.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions during the month are translated into the functional currency using the ECB exchange rates at month end of the previous month.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
B.I.G. FLOORCOVERINGS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
B.I.G. FLOORCOVERINGS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is
Page 5

 
B.I.G. FLOORCOVERINGS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)

measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Staff
9
11


4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
158,442
215,857

Other debtors
8,261
8,142

Prepayments and accrued income
5,495
5,065
Page 6

 
B.I.G. FLOORCOVERINGS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.Debtors (continued)


172,198
229,064



5.


Cash and cash equivalents

2024
2023
£
£

Cash and cash equivalents
884,481
766,104

884,481
766,104



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
8,683
13,084

Amounts owed to group undertakings
11,831
29,608

Corporation tax
19,135
41,044

Other taxation and social security
6,750
7,875

Accruals and deferred income
83,831
110,417

130,230
202,028



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100,000 (2023 - 100,000) Ordinary shares of £1.00 each
100,000
100,000


Page 7

 
B.I.G. FLOORCOVERINGS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Related party transactions

During the year B.I.G Floorcoverings UK Limited has had transactions with Beaulieu International Group                                                                                                                                                                           N.V and other subsidiaries of the group.
At the year end the following amounts existed between group companies. The company owed £5,014 (2023: £2,606) to Beaulieu International Group N.V., £2,504 (2023: £7,822) to Beaulieu ICT N.V, £4,313 (2023: £19,180) to BFS Europe.
At the year end the company was owed £64,175 (2023: £98,634) from BerryAlloc N.V.,£nil (2023: £84) from Beaulieu Fibres International N.V, £nil (2023: £14) from Beaulieu Technical Textiles N.V., £14,848 (2023: £11,559) from Distriplast Flandre SAS, £37,788 (2023: £11,683) from Domenech hermanos SA, £Nil (2023: £Nil) from Ideal Fibres & Fabrics Wielsbeke NV, £718 (2023: £324) from Juteks D.O.O., £Nil (2023: £Nil) from Tessutica NV, £40,914 (2023: £93,558) from BIG Floorcoverings NV.      
               
During the year the following income was received from group companies. The company received service fees of £387,228 (2023: 576,617) from B.I.G Floorcoverings N.V., £473,409 (2023: £617,085) from BerryAlloc N.V., £33,697 (2023: £66,336) from BFS Europe N.V and £122,827 (2023: £112,657) from Distriplast Flandre SAS and £209,143 (2023: £62,683) from Domenech Hermanos SA.
The company also received the following income, representing recharged costs incurred by the company on behalf of it's sister companies: £2,501 (2023: £2,820) from B.I.G Floorcoverings N.V., £725 (2023: £1,268) from BerryAlloc N.V., £1,549 (2023: £1,261) from BFS Europe N.V., £nil (2023: £84) from Beaulieu Fibres International N.V.,£nil (2023: £14) from Beaulier Technical Textiles , £718 (2023: £324) from Juteks D.O.O.
During the year the following expenses were recharged from group companies - Beaulieu International Group N.V. £15,936 (2023: £16,475) and Beaulieu ICT N.V £38,783 (2023: £46,533).
At the year end the company has cash balances of £884,481 (2023: £766,104) held by Beaulieu international Group NV (2023: B.I.G Coordination Center N.V in group treasury). These amounts are treated as cash equivalents available on demand. During the year the company earned interest of £40,796 (2023: £30,378) on the cash held on group treasury.


9.


UK tax strategy

The UK tax strategy of the company is published at www.beauflor.co.uk


10.


Parent company

The parent company, Beaulieu International Group NV, prepares consolidated financial statements which include the company. The registered office of Beaulieu International Group NV is Kalkhoevestraat 16 Box 0.1, 8790, Waregem, Belgium.


11.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 4 July 2025 by John Coverdale BSc FCA (Senior statutory auditor) on behalf of MHA.

 
Page 8