REGISTERED NUMBER: 11302531 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

BLADE FLOORING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T F Dodsworth

T R F Hill

SECRETARY:

T F Dodsworth

REGISTERED OFFICE:

Unit 5

Hudson Road

Bedford

Bedfordshire

MK41 0LZ

REGISTERED NUMBER:

11302531 (England and Wales)

ACCOUNTANTS:

Baker Noel

Cheribourne House

45A Station Road

Willington

Bedford

Bedfordshire

MK44 3QL

FIXED ASSETS

Tangible assets

4

322,706

271,334

CURRENT ASSETS

Debtors

5

3,059,714

2,931,804

Cash at bank

2,876,475

997,598

5,936,189

3,929,402

CREDITORS

Amounts falling due within one year

6

2,702,299

649,949

NET CURRENT ASSETS

3,233,890

3,279,453

TOTAL ASSETS LESS CURRENT LIABILITIES

3,556,596

3,550,787

CREDITORS

Amounts falling due after more than one year

7

(96,770

)

(117,804

)

PROVISIONS FOR LIABILITIES

(47,318

)

(64,768

)

NET ASSETS

3,412,508

3,368,215

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

3,412,488

3,368,195

3,412,508

3,368,215

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 3 September 2025 and were signed on its behalf by:

T R F Hill - Director

T F Dodsworth - Director

1.	STATUTORY INFORMATION

Blade Flooring 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 22 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

68,506

12,066

341,996

37,094

459,662

Additions

2,400

-

160,829

5,715

168,944

Disposals

-

-

(28,501

)

-

(28,501

)

At 31 March 2025

70,906

12,066

474,324

42,809

600,105

DEPRECIATION

At 1 April 2024

49,463

7,528

101,499

29,838

188,328

Charge for year

17,601

1,670

80,564

5,869

105,704

Eliminated on disposal

-

-

(16,633

)

-

(16,633

)

At 31 March 2025

67,064

9,198

165,430

35,707

277,399

NET BOOK VALUE

At 31 March 2025

3,842

2,868

308,894

7,102

322,706

At 31 March 2024

19,043

4,538

240,497

7,256

271,334

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

50,860

Disposals

(970

)

Reclassification/transfer

32,555

At 31 March 2025

82,445

DEPRECIATION

At 1 April 2024

22,789

Charge for year

16,489

Reclassification/transfer

(1,022

)

At 31 March 2025

38,256

NET BOOK VALUE

At 31 March 2025

44,189

At 31 March 2024

28,071

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

2,204,538

2,551,609

Amounts owed by group undertakings

500,000

91,860

Other debtors

355,176

288,335

3,059,714

2,931,804

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

20,064

33,748

Trade creditors

586,407

503,293

Amounts owed to group undertakings

1,478,746

-

Taxation and social security

562,139

97,486

Other creditors

54,943

15,422

2,702,299

649,949

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

96,770

117,804

8.	RELATED PARTY DISCLOSURES

During the year the company paid dividends totalling £2,034,860 to the parent company Hillsworth Group Limited.