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Registration number: 04143210

Majestic Floors Limited
trading as D P Flooring UK
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Majestic Floors Limited
trading as D P Flooring UK

Contents

Company Information | 1
Statement of Financial Position | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

Majestic Floors Limited
trading as D P Flooring UK

Company Information

Directors | Tina Louise Pilkington Derrick Pilkington

Company secretary | Tina Louise Pilkington

Registered office | 231 Liverpool Road Southport, Merseyside PR8 4PH

Accountants | S.B.P. (Southport) Limited T/A SB Patel & Co Chartered Certified Accountants Tolsey House 1 Marshside Road Churchtown Southport Merseyside PR9 9TL

Majestic Floors Limited
trading as D P Flooring UK

(Registration number: 04143210)
Statement of Financial Position as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 522,830 | 535,238
Other financial assets |  | 5,148 | 5,148
|  | 527,978 | 540,386
Current assets |  |  |
Stocks | 5 | 68,267 | 105,000
Debtors | 6 | 88,579 | 103,065
Cash at bank and in hand |  | 365,647 | 222,132
|  | 522,493 | 430,197
Creditors: Amounts falling due within one year | 7 | (174,821) | (145,867)
Net current assets |  | 347,672 | 284,330
Total assets less current liabilities |  | 875,650 | 824,716
Creditors: Amounts falling due after more than one year | 7 | (38,271) | (44,417)
Net assets |  | 837,379 | 780,299
Capital and reserves |  |  |
Called up share capital |  | 108 | 108
Retained earnings |  | 837,271 | 780,191
Shareholders' funds |  | 837,379 | 780,299

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Majestic Floors Limited
trading as D P Flooring UK

(Registration number: 04143210)
Statement of Financial Position as at 31 March 2025

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 18 November 2025 and signed on its behalf by:

......................................... Tina Louise Pilkington Director | ......................................... Derrick Pilkington Director

Majestic Floors Limited
trading as D P Flooring UK

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
231 Liverpool Road
Southport,
Merseyside
PR8 4PH
England

These financial statements were authorised for issue by the Board on 18 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Majestic Floors Limited
trading as D P Flooring UK

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Majestic Floors Limited
trading as D P Flooring UK

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.
Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Majestic Floors Limited
trading as D P Flooring UK

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2024 - 11).

4 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Plant and machinery £ | Motor vehicles £
Cost or valuation
At 1 April 2024 | 489,951 | 70,774 | 63,358 | 167,475
Additions | - | 1,424 | 405 | 80,130
Disposals | - | - | - | (86,298)
At 31 March 2025 | 489,951 | 72,198 | 63,763 | 161,307
Depreciation
At 1 April 2024 | 74,681 | 56,208 | 43,174 | 82,257
Charge for the year | 9,798 | 3,197 | 4,118 | 22,024
Eliminated on disposal | - | - | - | (31,068)
At 31 March 2025 | 84,479 | 59,405 | 47,292 | 73,213
Carrying amount
At 31 March 2025 | 405,472 | 12,793 | 16,471 | 88,094
At 31 March 2024 | 415,270 | 14,566 | 20,184 | 85,218

Majestic Floors Limited
trading as D P Flooring UK

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

| Total £
Cost or valuation
At 1 April 2024 | 791,558
Additions | 81,959
Disposals | (86,298)
At 31 March 2025 | 787,219
Depreciation
At 1 April 2024 | 256,320
Charge for the year | 39,137
Eliminated on disposal | (31,068)
At 31 March 2025 | 264,389
Carrying amount
At 31 March 2025 | 522,830
At 31 March 2024 | 535,238

5 | Stocks

| 2025 £ | 2024 £
Work in progress | 6,267 | 50,000
Other inventories | 62,000 | 55,000
| 68,267 | 105,000

Majestic Floors Limited
trading as D P Flooring UK

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | - | 95,881
Prepayments | 7,185 | 6,351
Other debtors | 81,394 | 833
| 88,579 | 103,065

Majestic Floors Limited
trading as D P Flooring UK

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 6,205 | 4,804
Trade creditors |  | 60,004 | 69,540
Taxation and social security |  | 100,841 | 57,360
Accruals and deferred income |  | 3,080 | 2,480
Other creditors |  | 4,691 | 11,683
|  | 174,821 | 145,867

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 38,271 | 44,417

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 44,417
Hire purchase contracts | 38,271 | -
| 38,271 | 44,417

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 4,804
Hire purchase contracts | 6,205 | -
| 6,205 | 4,804