Company registration number 05127314 (England and Wales)
PC FLOORING LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
4 Brackley Close
Bournemouth International Airport
Christchurch
Dorset
BH23 6SE
PC FLOORING LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
PC FLOORING LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
197,678
639,869
Current assets
Stocks
5,000
3,000
Debtors
5
1,059,444
528,772
Cash at bank and in hand
238,567
394,546
1,303,011
926,318
Creditors: amounts falling due within one year
6
(800,570)
(667,559)
Net current assets
502,441
258,759
Total assets less current liabilities
700,119
898,628
Creditors: amounts falling due after more than one year
7
(7,951)
(108,483)
Provisions for liabilities
(48,574)
(83,274)
Net assets
643,594
706,871
Capital and reserves
Called up share capital
1
1
Revaluation reserve
-
0
65,853
Profit and loss reserves
643,593
641,017
Total equity
643,594
706,871
PC FLOORING LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 15 July 2025 and are signed on its behalf by:
Mr I Hammond
Director
Company registration number 05127314 (England and Wales)
PC FLOORING LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 3 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2
Accounting policies
Company information

PC Flooring Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4 Brackley Close, Bournemouth International Airport, Christchurch, Dorset, BH23 6SE.

2.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of long leasehold properties. The principal accounting policies adopted are set out below.

2.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

2.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Long leasehold land and buildings
None
Leasehold improvements
10 year straight line
Plant and equipment
5 year straight line
Fixtures, fittings and IT equipment
4 year straight line/5 year straight line
Motor vehicles
4 year straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Depreciation is not provided for on the company's long leasehold properties. It is the company's practice to maintain these in a continual state of sound repair, and accordingly the director considers that depreciation is not material.

PC FLOORING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2
Accounting policies
(Continued)
- 4 -
2.4
Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

2.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

2.6
Financial instruments

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 deducting all of its liabilities.

2.7
Taxation
Current tax

Current tax is recognised on taxable profit for the current and, where not previously recognised, past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

2.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2.9
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
18
18
PC FLOORING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
4
Tangible fixed assets
Long leasehold land and buildings
Leasehold improvements
Plant and equipment
Fixtures, fittings and IT equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost or valuation
At 1 April 2024
390,000
36,937
151,417
83,984
354,355
1,016,693
Additions
-
0
-
0
5,859
13,859
26,590
46,308
Disposals
(390,000)
(33,000)
-
0
-
0
-
0
(423,000)
At 31 March 2025
-
0
3,937
157,276
97,843
380,945
640,001
Depreciation and impairment
At 1 April 2024
-
0
32,364
86,044
59,296
199,120
376,824
Depreciation charged in the year
-
0
1,194
23,678
11,430
62,197
98,499
Eliminated in respect of disposals
-
0
(33,000)
-
0
-
0
-
0
(33,000)
At 31 March 2025
-
0
558
109,722
70,726
261,317
442,323
Carrying amount
At 31 March 2025
-
0
3,379
47,554
27,117
119,628
197,678
At 31 March 2024
390,000
4,573
65,373
24,688
155,235
639,869

Long leasehold properties are carried at valuation. If long leasehold properties were measured using the cost model the carrying amounts would be as follows:

Long leasehold properties
2025
2024
£
£
Cost
-
296,429
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
585,493
482,841
Amounts owed by group undertakings
405,052
-
0
Other debtors
68,899
45,931
1,059,444
528,772
PC FLOORING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,311
21,291
Trade creditors
530,026
337,398
Taxation and social security
130,582
128,255
Other creditors
129,651
180,615
800,570
667,559
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
7,951
108,483
Creditors which fall due after five years are payable as follows:
Payable by instalments
-
39,892
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Within one year
7,237
23,745
Between two and five years
-
0
7,237
7,237
30,982
2025-03-312024-04-01falsefalsefalse15 July 2025CCH SoftwareCCH Accounts Production 2025.200No description of principal activityMr I HammondMr E Hammond051273142024-04-012025-03-31051273142025-03-31051273142024-03-3105127314core:LandBuildingscore:LeasedAssetsHeldAsLessee2025-03-3105127314core:LeaseholdImprovements2025-03-3105127314core:PlantMachinery2025-03-3105127314core:FurnitureFittings2025-03-3105127314core:MotorVehicles2025-03-3105127314core:LandBuildingscore:LeasedAssetsHeldAsLessee2024-03-3105127314core:LeaseholdImprovements2024-03-3105127314core:PlantMachinery2024-03-3105127314core:FurnitureFittings2024-03-3105127314core:MotorVehicles2024-03-3105127314core:CurrentFinancialInstrumentscore:WithinOneYear2025-03-3105127314core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3105127314core:ShareCapital2025-03-3105127314core:ShareCapital2024-03-3105127314core:RevaluationReserve2025-03-3105127314core:RevaluationReserve2024-03-3105127314core:RetainedEarningsAccumulatedLosses2025-03-3105127314core:RetainedEarningsAccumulatedLosses2024-03-3105127314bus:Director12024-04-012025-03-3105127314core:LandBuildingscore:LongLeaseholdAssets2024-04-012025-03-3105127314core:LeaseholdImprovements2024-04-012025-03-3105127314core:PlantMachinery2024-04-012025-03-3105127314core:FurnitureFittings2024-04-012025-03-3105127314core:MotorVehicles2024-04-012025-03-31051273142023-04-012024-03-3105127314core:LandBuildingscore:LeasedAssetsHeldAsLessee2024-03-3105127314core:LeaseholdImprovements2024-03-3105127314core:PlantMachinery2024-03-3105127314core:FurnitureFittings2024-03-3105127314core:MotorVehicles2024-03-31051273142024-03-3105127314core:LandBuildingscore:LeasedAssetsHeldAsLessee2024-04-012025-03-3105127314core:CurrentFinancialInstruments2025-03-3105127314core:CurrentFinancialInstruments2024-03-3105127314core:WithinOneYear2025-03-3105127314core:WithinOneYear2024-03-3105127314core:Non-currentFinancialInstruments2025-03-3105127314core:Non-currentFinancialInstruments2024-03-3105127314core:BetweenTwoFiveYears2025-03-3105127314bus:PrivateLimitedCompanyLtd2024-04-012025-03-3105127314bus:SmallCompaniesRegimeForAccounts2024-04-012025-03-3105127314bus:FRS1022024-04-012025-03-3105127314bus:AuditExemptWithAccountantsReport2024-04-012025-03-3105127314bus:Director22024-04-012025-03-3105127314bus:FullAccounts2024-04-012025-03-31xbrli:purexbrli:sharesiso4217:GBP