IFlor Flooring Contractors LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: OC407624

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		22,599		32,095

			22,599		32,095
CURRENT ASSETS
Debtors	5	269,486		39,583
Cash at bank and in hand		2,472		67,869

		271,958		107,452
Creditors: Amounts Falling Due Within One Year	6	(237,550 )		(81,666 )

NET CURRENT ASSETS (LIABILITIES)			34,408		25,786

TOTAL ASSETS LESS CURRENT LIABILITIES			57,007		57,881

Creditors: Amounts Falling Due After More Than One Year	7		(46,874 )		(47,781 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			10,133		10,100

REPRESENTED BY:
Loans and other debts due to members
Other amounts		10,133		10,100

			10,133		10,100

			10,133		10,100

TOTAL MEMBERS' INTEREST
Amounts due from members			(42,961)		-
Loans and other debts due to members			10,133		10,100

			(32,828)		10,100

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IFlor Flooring Contractors LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr Adam Couch

Designated Member

23rd December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

IFlor Flooring Contractors LLP is a limited liability partnership, incorporated in England & Wales, registered number OC407624 . The Registered Office is Rectory House, Main Street, Beckley, East Sussex, TN31 6RS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% SL
Computer Equipment	33% SL

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IFlor Flooring Contractors LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Motor Vehicles	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	83,282	2,350	85,632
Additions	-	179	179

As at 31 March 2025	83,282	2,529	85,811

Depreciation
As at 1 April 2024	51,187	2,350	53,537
Provided during the period	9,649	26	9,675

As at 31 March 2025	60,836	2,376	63,212

Net Book Value
As at 31 March 2025	22,446	153	22,599

As at 1 April 2024	32,095	-	32,095

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IFlor Flooring Contractors LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	135,159	25,597
Other debtors	134,327	13,986

	269,486	39,583

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	6,797	16,537
Trade creditors	165,515	44,699
Bank loans and overdrafts	5,318	5,295
Other creditors	53,685	12,866
Taxation and social security	6,235	2,269

	237,550	81,666

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	22,575	18,155
Bank loans	24,299	29,626

	46,874	47,781

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	6,797	16,537
Later than one year and not later than five years	22,575	18,155

	29,372	34,692

	29,372	34,692

9. Related Party Transactions

During the year the company received services from iFlor Limited, a company under the control of the Members, of £30,000. At the end of the year £36,000 was owed to and £6,067 was owed by that company.

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