REGISTERED NUMBER: SC417952 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

FIRSTPOINT CONTRACT FLOORING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTOR:

D Bennett

REGISTERED OFFICE:

24 Clydeview

Bothwell

Lanarkshire

G71 8NW

REGISTERED NUMBER:

SC417952 (Scotland)

ACCOUNTANTS:

J Gilmour & Co

Chartered Certified Accountants

24 Clydeview

Bothwell

Glasgow

Lanarkshire

G71 8NW

FIXED ASSETS

Tangible assets

4

10

10

CURRENT ASSETS

Debtors

5

52,652

76,870

Cash at bank

2,195

8,043

54,847

84,913

CREDITORS

Amounts falling due within one year

6

41,194

49,201

NET CURRENT ASSETS

13,653

35,712

TOTAL ASSETS LESS CURRENT LIABILITIES

13,663

35,722

CREDITORS

Amounts falling due after more than one year

7

342

5,977

NET ASSETS

13,321

29,745

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10

13,320

29,744

SHAREHOLDERS' FUNDS

13,321

29,745

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 director acknowledges his 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 director and authorised for issue on 28 November 2025 and were signed by:

D Bennett - Director

1.	STATUTORY INFORMATION

Firstpoint Contract Flooring Limited is a private company, limited by shares , registered in Scotland. 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 and fittings

-

25% on cost

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 29 February 2024

and 28 February 2025

2,720

DEPRECIATION

At 29 February 2024

and 28 February 2025

2,710

NET BOOK VALUE

At 28 February 2025

10

At 28 February 2024

10

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

28.2.24

£

£

Trade debtors

47,900

63,300

Other debtors

4,752

10,164

Directors' loan account

-

3,406

52,652

76,870

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

28.2.24

£

£

Bank loans and overdrafts (see note 8)

5,000

5,000

Other loans (see note 8)

27,741

4,660

Trade creditors

5,473

20,874

Tax

815

815

VAT

636

16,552

Directors' loan account

229

-

Accrued expenses

1,300

1,300

41,194

49,201

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

28.2.24

£

£

Bank loans (see note 8)

342

5,977

8.

LOANS

An analysis of the maturity of loans is given below:

28.2.25

28.2.24

£

£

Amounts falling due within one year or on demand:

Bank loans

5,000

5,000

Other loans

27,741

4,660

32,741

9,660

Amounts falling due between one and two years:

Bank loans - 1-2 years

342

5,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

977

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

28.2.24

value:

£

£

1

Ordinary

1

1

1

10.

RESERVES

Retained

earnings

£

At 29 February 2024

29,744

Deficit for the year

(16,424

)

At 28 February 2025

13,320

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 28 February 2024:

28.2.25

28.2.24

£

£

D Bennett

Balance outstanding at start of year

(3,406

)

(1,724

)

Amounts advanced

6,500

3,074

Amounts repaid

(2,865

)

(4,756

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

229

(3,406

)

12.	ULTIMATE CONTROLLING PARTY

The controlling party is D Bennett.

The following reproduces the text of the report prepared for the director 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 Director 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.

J Gilmour & Co

Chartered Certified Accountants

24 Clydeview

Bothwell

Glasgow

Lanarkshire

G71 8NW

28 November 2025