REGISTERED NUMBER: 14075139 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Floorify Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P K Buyck

M Vanhoonacker

SECRETARY:

MY UK OFFICE LIMITED

REGISTERED OFFICE:

Westwood House

Annie Med Lane

South Cave

HU15 2HG

REGISTERED NUMBER:

14075139 (England and Wales)

AUDITORS:

Try Lunn & Co

Chartered Accountants

and Statutory Auditors

Roland House

Princes Dock Street

HULL HU1 2LD

CURRENT ASSETS

Stocks

321,022

235,261

Debtors

4

110,083

103,785

Cash at bank

15,480

378,164

446,585

717,210

CREDITORS

Amounts falling due within one year

5

695,672

818,308

NET CURRENT LIABILITIES

(249,087

)

(101,098

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(249,087

)

(101,098

)

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

7

(249,187

)

(101,198

)

SHAREHOLDERS' FUNDS

(249,087

)

(101,098

)

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 9 October 2025 and were signed on its behalf by:

P K Buyck - Director

1.	STATUTORY INFORMATION

Floorify 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.

The company is reliant on the financial support of Floorify NV. The directors have obtained confirmation from Floorify NV that they will continue to support the company through its existing facilities for the foreseeable future. On this basis the financial statements have been prepared ont he going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Sales of goods are recognised on despatch of the goods in accordance with the company's terms of sales.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and conditions. Cost is calculated using FIFO method. Provision is made for damaged, obsolete and slow moving stock were appropriated.

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.

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 3 (2023 - 3 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

107,310

99,789

Other debtors

2,773

3,996

110,083

103,785

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

122,185

25,792

Amounts owed to group undertakings

525,380

755,361

Taxation and social security

40,362

30,796

Other creditors

7,745

6,359

695,672

818,308

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary shares

£1

100

100

7.

RESERVES

Retained

earnings

£

At 1 January 2024

(101,198

)

Deficit for the year

(147,989

)

At 31 December 2024

(249,187

)

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Simon Moss FCCA (Senior Statutory Auditor)

for and on behalf of Try Lunn & Co

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE CONTROLLING PARTY