REGISTERED NUMBER: 08376293 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Sovereign Flooring Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

Mrs K E Hillier

D A Hawkins

REGISTERED OFFICE:

33 Creek Road

Hayling Island

PO11 9QZ

REGISTERED NUMBER:

08376293 (England and Wales)

ACCOUNTANTS:

Moss & Co (Direct Accounts) Limited

Rapley House

29 Creek Road

Hayling Island

Hampshire

PO11 9QZ

FIXED ASSETS

Tangible assets

4

16,178

20,222

CURRENT ASSETS

Stocks

48,689

49,755

Debtors

5

43,578

47,413

Cash at bank and in hand

22

3,058

92,289

100,226

CREDITORS

Amounts falling due within one year

6

101,543

101,852

NET CURRENT LIABILITIES

(9,254

)

(1,626

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,924

18,596

CREDITORS

Amounts falling due after more than one year

7

10,574

18,502

NET (LIABILITIES)/ASSETS

(3,650

)

94

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

(3,652

)

92

SHAREHOLDERS' FUNDS

(3,650

)

94

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 November 2025 and were signed on its behalf by:

Mrs K E Hillier - Director

D A Hawkins - Director

1.	STATUTORY INFORMATION

Sovereign 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.

Fixtures & equipment

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Motor

& equipment

vehicles

Totals

£

£

£

COST

At 29 February 2024

and 28 February 2025

19,631

23,449

43,080

DEPRECIATION

At 29 February 2024

12,614

10,244

22,858

Charge for year

1,403

2,641

4,044

At 28 February 2025

14,017

12,885

26,902

NET BOOK VALUE

At 28 February 2025

5,614

10,564

16,178

At 28 February 2024

7,017

13,205

20,222

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

28.2.24

£

£

Trade debtors

14,239

34,111

Other debtors

29,339

13,302

43,578

47,413

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

28.2.24

£

£

Bank loans and overdrafts

274

-

Trade creditors

34,337

51,799

Taxation and social security

50,817

31,453

Other creditors

16,115

18,600

101,543

101,852

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

28.2.24

£

£

Bank loans

10,574

18,502

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

10,574

18,502

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

28.2.25

28.2.24

value:

£

£

2

Share capital 1

£1

2

2

9.

RESERVES

Retained

earnings

£

At 29 February 2024

92

Profit for the year

9,386

Dividends

(13,130

)

At 28 February 2025

(3,652

)

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the two directors, K E Hillier and D A Hawkins.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2025 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Moss & Co (Direct Accounts) Limited

Rapley House

29 Creek Road

Hayling Island

Hampshire

PO11 9QZ

3 November 2025