Registration number: 05166844

Direct Flooring Suppliers Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Direct Flooring Suppliers Limited

Company Information

Directors

D C Unna E L Unna

Registered office

Town End Farm North Marine Road Flamborough East Yorkshire YO15 1LF

Direct Flooring Suppliers Limited

(Registration number: 05166844)
Balance Sheet as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	66,412	91,387
Current assets
Stocks	5	-	4,423
Debtors	6	137,256	168,158
Cash at bank and in hand		35,272	7,249
		172,528	179,830
Creditors: Amounts falling due within one year	7	(131,922)	(107,385)
Net current assets		40,606	72,445
Total assets less current liabilities		107,018	163,832
Creditors: Amounts falling due after more than one year	7	(38,959)	(97,406)
Provisions for liabilities		(13,082)	(22,343)
Net assets		54,977	44,083
Capital and reserves
Called up share capital		100	100
Retained earnings		54,877	43,983
Shareholders' funds		54,977	44,083

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 and 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 Profit and Loss Account.

Approved and authorised by the Board on 24 October 2025 and signed on its behalf by:
 

......................................... D C Unna Director

......................................... E L Unna Director

Direct Flooring Suppliers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1	General information

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

The address of its registered office is:
Town End Farm
North Marine Road
Flamborough
East Yorkshire
YO15 1LF

These financial statements were authorised for issue by the Board on 24 October 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.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of flooring in the ordinary course of the Company’s activities. Turnover 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 and deferred 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.
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

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Direct Flooring Suppliers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

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:

Asset class	Depreciation method and rate
Plant & Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Furniture & Fixtures	25% Reducing Balance
Computer Equipment	25% Reducing Balance
Property Improvements	4% Straight Line

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 goods sold in the ordinary course of business.

Trade debtors are recognised initially at the transaction price less any bad debts. A provision for the bad debts 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.

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.

Direct Flooring Suppliers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

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 profit and loss account 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 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 balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account 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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 6 (2024 - 7).

Direct Flooring Suppliers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 July 2024	7,266	89,581	128,780	225,627
Additions	-	4,333	8,965	13,298
Disposals	-	(24,258)	(27,860)	(52,118)
At 30 June 2025	7,266	69,656	109,885	186,807
Depreciation
At 1 July 2024	291	56,223	77,726	134,240
Charge for the year	291	7,548	11,227	19,066
Eliminated on disposal	-	(19,417)	(13,494)	(32,911)
At 30 June 2025	582	44,354	75,459	120,395
Carrying amount
At 30 June 2025	6,684	25,302	34,426	66,412
At 30 June 2024	6,975	33,358	51,054	91,387

Included within the net book value of land and buildings above is £6,684 (2024 - £6,975) in respect of short leasehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Other inventories	-	4,423

6

Debtors

Current	2025 £	2024 £
Trade debtors	48,214	81,471
Prepayments	3,968	4,614
Other debtors	85,074	82,073
	137,256	168,158

Direct Flooring Suppliers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	59,511	48,472
Trade creditors		18,127	29,252
Taxation and social security		17,214	24,924
Accruals and deferred income		2,852	2,000
Other creditors		34,218	2,737
		131,922	107,385

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	38,959	97,406

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	38,959	79,863
HP and finance lease liabilities	-	17,543
	38,959	97,406

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	38,169	34,015
Other borrowings	15,635	3,154
HP and finance leases	5,707	11,303
	59,511	48,472

The hire purchase contracts are secured on the assets they relate to. The bank borrowings and other borrowings are unsecured.

Direct Flooring Suppliers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

9	Related party transactions

Other transactions with Directors

At the year end, the company owed the directors £15,635 (2024: 3,154). This amount is unsecured, interest free and repayable on demand.

Summary of transactions with other related parties

Bishops of Driffield Limited (Common directors) At the year end, Bishops of Driffield owed the company £83,074.