REGISTERED NUMBER: 05278818 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SHOWPIECE FLOORING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S L Webster

D K Webster

REGISTERED OFFICE:

15a Back Lane

New Farnley

Leeds

West Yorkshire

LS12 5HN

REGISTERED NUMBER:

05278818 (England and Wales)

ACCOUNTANTS:

Fortus Limited

3 Park Square East

Leeds

LS1 2NE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

316,249

23,953

Investments

6

1

58,000

316,250

81,953

CURRENT ASSETS

Stocks

37,957

70,000

Debtors

7

72,507

168,040

Cash at bank and in hand

2,544

2,179

113,008

240,219

CREDITORS

Amounts falling due within one year

8

132,451

270,062

NET CURRENT LIABILITIES

(19,443

)

(29,843

)

TOTAL ASSETS LESS CURRENT LIABILITIES

296,807

52,110

CREDITORS

Amounts falling due after more than one year

9

(2,633

)

(45,881

)

PROVISIONS FOR LIABILITIES

(76,563

)

(2,652

)

NET ASSETS

217,611

3,577

CAPITAL AND RESERVES

Called up share capital

101

101

Revaluation reserve

217,500

-

Retained earnings

10

3,476

SHAREHOLDERS' FUNDS

217,611

3,577

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 22 December 2025 and were signed on its behalf by:

D K Webster - Director

1.	STATUTORY INFORMATION

Showpiece Flooring 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

Goodwill

software

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

30,000

4,650

34,650

AMORTISATION

At 1 April 2024

and 31 March 2025

30,000

4,650

34,650

NET BOOK VALUE

At 31 March 2025

-

-

-

At 31 March 2024

-

-

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST OR VALUATION

At 1 April 2024

10,000

6,046

63,073

79,119

Additions

-

-

6,685

6,685

Revaluations

290,000

-

-

290,000

At 31 March 2025

300,000

6,046

69,758

375,804

DEPRECIATION

At 1 April 2024

-

4,760

50,406

55,166

Charge for year

-

1,144

3,245

4,389

At 31 March 2025

-

5,904

53,651

59,555

NET BOOK VALUE

At 31 March 2025

300,000

142

16,107

316,249

At 31 March 2024

10,000

1,286

12,667

23,953

Cost or valuation at 31 March 2025 is represented by:

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

Valuation in 2025

290,000

-

-

290,000

Cost

10,000

6,046

69,758

85,804

300,000

6,046

69,758

375,804

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

58,000

Impairments

(57,999

)

At 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

58,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

58,340

96,133

Other debtors

1,330

17,373

Directors' current accounts

12,189

47,538

VAT

-

6,996

Prepayments

648

-

72,507

168,040

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

28,460

39,575

Other loans

10,000

15,396

Trade creditors

26,809

62,554

Tax

49,715

51,311

Social security and other taxes

5,276

6,640

VAT

1,116

-

Accruals and deferred income

-

79,586

Accrued expenses

11,075

15,000

132,451

270,062

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans - 2-5 years

2,633

45,881

10.	RELATED PARTY DISCLOSURES

The company is under the ultimate control of the directors.