Company No: 09978062 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	114,858		82,791
		114,858		82,791
Current assets
Stocks		0		4,300
Debtors	4	14,012		176,887
Cash at bank and in hand		72,130		37,264
		86,142		218,451
Creditors: amounts falling due within one year	5	( 70,727)		( 136,491)
Net current assets		15,415		81,960
Total assets less current liabilities		130,273		164,751
Creditors: amounts falling due after more than one year	6	( 10,412)		( 20,866)
Provision for liabilities		( 26,223)		( 15,952)
Net assets		93,638		127,933
Capital and reserves
Called-up share capital	7	1		1
Profit and loss account		93,637		127,932
Total shareholders' funds		93,638		127,933

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Creative Flooring and Tiling Limited (registered number: 09978062) were approved and authorised for issue by the Director on 11 July 2025. They were signed on its behalf by:

Deborah Hobbs Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Creative Flooring and Tiling Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

Employee benefits

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

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Plant and machinery	20 % reducing balance
Vehicles	15 % reducing balance
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	2		3

3. Tangible assets

	Plant and machinery		Vehicles		Computer equipment		Total
	£		£		£		£
Cost
At 01 February 2024	43,940		105,449		2,777		152,166
Additions	1,377		101,432		144		102,953
Disposals	0		( 94,699)		0		( 94,699)
At 31 January 2025	45,317		112,182		2,921		160,420
Accumulated depreciation
At 01 February 2024	22,103		44,703		2,569		69,375
Charge for the financial year	4,593		16,085		167		20,845
Disposals	0		( 44,658)		0		( 44,658)
At 31 January 2025	26,696		16,130		2,736		45,562
Net book value
At 31 January 2025	18,621		96,052		185		114,858
At 31 January 2024	21,837		60,746		208		82,791

4. Debtors

	2025		2024
	£		£
Trade debtors	10,447		174,894
CIS suffered	556		0
Other debtors	3,009		1,993
	14,012		176,887

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	5,868		31,741
Corporation tax	2,586		8,907
CIS withheld	0		2,016
Other taxation and social security	19		19,355
Obligations under finance leases and hire purchase contracts (secured)	5,002		5,859
Other creditors	57,252		68,613
	70,727		136,491

The loan is secured against the assets to which it relates.

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts (secured)	10,412		20,866

The loan is secured against the assets to which it relates.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
50 Ordinary shares of £ 0.01 each	0.50		0.50