REGISTERED NUMBER: 07530589 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 March 2025

for

The Commercial Flooring Company

(Midlands) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N J Ware

K Tunaley

S M Leonard

REGISTERED OFFICE:

The Coach House, Dovecote Court

Pingle Lane

Potters Marston

Leicester

Leicestershire

LE9 3JR

REGISTERED NUMBER:

07530589 (England and Wales)

ACCOUNTANTS:

DJH Halesowen Limited

Church Court

Stourbridge Road

Halesowen

West Midlands

B63 3TT

FIXED ASSETS

Tangible assets

4

185,379

183,057

CURRENT ASSETS

Stocks

26,329

24,682

Debtors

5

3,102,088

2,428,033

Cash at bank

160,102

142,601

3,288,519

2,595,316

CREDITORS

Amounts falling due within one year

6

2,998,380

2,257,484

NET CURRENT ASSETS

290,139

337,832

TOTAL ASSETS LESS CURRENT LIABILITIES

475,518

520,889

CREDITORS

Amounts falling due after more than one year

7

(374,433

)

(297,105

)

PROVISIONS FOR LIABILITIES

(33,510

)

(11,671

)

NET ASSETS

67,575

212,113

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

67,475

212,013

SHAREHOLDERS' FUNDS

67,575

212,113

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 30 October 2025 and were signed on its behalf by:

N J Ware - Director

1.	STATUTORY INFORMATION

The Commercial Flooring Company (Midlands) 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 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.

Horses

-

25% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 32 (2024 - 42 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Horses

machinery

fittings

£

£

£

COST

At 1 April 2024

36,769

1,507

30,224

Additions

-

-

-

Disposals

-

-

-

At 31 March 2025

36,769

1,507

30,224

DEPRECIATION

At 1 April 2024

32,136

1,215

17,993

Charge for year

4,633

73

8,152

Eliminated on disposal

-

-

-

At 31 March 2025

36,769

1,288

26,145

NET BOOK VALUE

At 31 March 2025

-

219

4,079

At 31 March 2024

4,633

292

12,231

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

256,477

35,024

360,001

Additions

108,000

1,164

109,164

Disposals

(105,517

)

-

(105,517

)

At 31 March 2025

258,960

36,188

363,648

DEPRECIATION

At 1 April 2024

95,441

30,159

176,944

Charge for year

38,364

2,460

53,682

Eliminated on disposal

(52,357

)

-

(52,357

)

At 31 March 2025

81,448

32,619

178,269

NET BOOK VALUE

At 31 March 2025

177,512

3,569

185,379

At 31 March 2024

161,036

4,865

183,057

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,908,316

2,291,249

Amounts owed by group undertakings

-

30,345

Other debtors

4,024

4,024

Directors' loan accounts

29,281

37,514

VAT

140,876

60,901

Prepayments and accrued income

19,591

4,000

3,102,088

2,428,033

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

110,006

166,663

Hire purchase contracts

43,809

40,080

Trade creditors

1,234,854

854,935

Tax

27,910

1,897

Social security and other taxes

95,411

74,181

Other creditors

1,386,236

1,010,767

Accruals and deferred income

100,154

108,961

2,998,380

2,257,484

Included in other creditors is £1,386,236 (2024 - £1,010,767) due to Natwest

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

233,242

84,998

Bank loans - 2-5 years

-

77,123

Hire purchase contracts

141,191

134,984

374,433

297,105

8.	SECURED DEBTS

The company has given a fixed and floating charge over its assets in favour of IGF Business Credit Limited.

9.	OTHER FINANCIAL COMMITMENTS

At 31 March 2025 the company had other financial commitments of £33,124 (2024 - £13,403).

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

N J Ware

Balance outstanding at start of year

37,514

9,931

Amounts advanced

-

27,583

Amounts repaid

(8,233

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

29,281

37,514

11.	RELATED PARTY DISCLOSURES

At 31 March 2025 the company was owed 29,281 (2024 - £37,514) by the directors.

At the year end the company was owed £nil (2024 - £30,345) by The Commercial Tiling Company (Midlands) Limited.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is The De Mai Group Limited.