REGISTERED NUMBER: 03059829 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

The National Flooring Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Brown

J I Henson

REGISTERED OFFICE:

Crusader House

High Street

Maxey

Peterborough

PE6 9HQ

REGISTERED NUMBER:

03059829 (England and Wales)

FIXED ASSETS

Intangible assets

4

27,921

32,473

Tangible assets

5

66,248

81,576

94,169

114,049

CURRENT ASSETS

Stocks

534,299

370,066

Debtors

6

394,200

771,219

Cash at bank and in hand

137,711

66,873

1,066,210

1,208,158

CREDITORS

Amounts falling due within one year

7

599,909

740,676

NET CURRENT ASSETS

466,301

467,482

TOTAL ASSETS LESS CURRENT LIABILITIES

560,470

581,531

CREDITORS

Amounts falling due after more than one year

8

8,501

24,420

NET ASSETS

551,969

557,111

CAPITAL AND RESERVES

Called up share capital

9

5,000

5,000

Retained earnings

546,969

552,111

SHAREHOLDERS' FUNDS

551,969

557,111

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 30 September 2025 and were signed on its behalf by:

R Brown - Director

1.	STATUTORY INFORMATION

The National Flooring Company Limited 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 represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities. Turnover is recognised when the service is performed.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

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

-

20% on cost

Fixtures and fittings

-

20% on cost

Stocks

Work in progress is valued at the lower of stock and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Financial instruments

After initial recognition the company measures all liabilities due after more than one year at amortised cost using the effective interest method.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 (2023 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

35,437

Additions

3,070

At 31 December 2024

38,507

AMORTISATION

At 1 January 2024

2,964

Charge for year

7,622

At 31 December 2024

10,586

NET BOOK VALUE

At 31 December 2024

27,921

At 31 December 2023

32,473

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

112,191

67,762

58,497

238,450

Additions

8,042

2,241

-

10,283

At 31 December 2024

120,233

70,003

58,497

248,733

DEPRECIATION

At 1 January 2024

89,182

57,668

10,024

156,874

Charge for year

10,561

3,350

11,700

25,611

At 31 December 2024

99,743

61,018

21,724

182,485

NET BOOK VALUE

At 31 December 2024

20,490

8,985

36,773

66,248

At 31 December 2023

23,009

10,094

48,473

81,576

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

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

58,497

DEPRECIATION

At 1 January 2024

10,024

Charge for year

11,700

At 31 December 2024

21,724

NET BOOK VALUE

At 31 December 2024

36,773

At 31 December 2023

48,473

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

362,822

721,810

Other debtors

1,440

1,840

VAT

1,348

-

Prepayments and accrued income

28,590

47,569

394,200

771,219

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other loans

21,979

-

Hire purchase contracts

11,029

7,897

Trade creditors

64,896

428,394

Amounts owed to group undertakings

406,451

154,930

Tax

5,336

29,305

Social security and other taxes

18,290

18,530

CIS control account

12,652

3,417

Pension liability

11,954

4,623

VAT

-

67,176

Other creditors

7,682

(584

)

Accruals and deferred income

39,640

26,988

599,909

740,676

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

8,501

24,420

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

5,000

Ordinary

£1

5,000

5,000

10.	ULTIMATE CONTROLLING PARTY

Dega Limited is regarded by the director as being the company's ultimate parent company.

The company is controlled by the director as he controls the parent company, Dega Limited.