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Registration number: 08037304

Dragon Underfloor Heating & Screed Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

Dragon Underfloor Heating & Screed Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 6

Dragon Underfloor Heating & Screed Limited

(Registration number: 08037304)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 64,028 |  | 59,216
Current assets |  |  |  |  |
Stocks |  | 500 |  | 5,000 |
Debtors | 5 | 375,147 |  | 494,051 |
Cash at bank and in hand |  | 258,149 |  | 4,405 |
|  | 633,796 |  | 503,456 |
Creditors: Amounts falling due within one year | 6 | (423,569) |  | (447,858) |
Net current assets |  |  | 210,227 |  | 55,598
Total assets less current liabilities |  |  | 274,255 |  | 114,814
Creditors: Amounts falling due after more than one year | 6 |  | (32,784) |  | (32,100)
Provisions for liabilities |  |  | (11,000) |  | (9,000)
Net assets |  |  | 230,471 |  | 73,714
Capital and reserves |  |  |  |  |
Called up share capital | 7 | 1,000 |  | 1,000 |
Retained earnings |  | 229,471 |  | 72,714 |
Shareholders' funds |  |  | 230,471 |  | 73,714

For the financial year ending 31 May 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 14 November 2025 and signed on its behalf by:

......................................... Mrs A Williams Director

Dragon Underfloor Heating & Screed Limited

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

1 | General information

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

The address of its registered office is:
Unit 17 Calder Vale Road
Horbury
Wakefield
WF3 5ER

These financial statements were authorised for issue by the Board on 14 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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' including the disclosure and presentation requirements of Section 1A and the Companies Act 2006.

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 company's functional and presentation currency is pound sterling.

Revenue recognition

Turnover 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. Turnover is shown net of value added tax.
The company recognises revenue when (a) the significant risks and rewards of ownership have been transferred to the buyer; (b) the company retains no continuing involvement or control over the goods; (c) the amount of revenue can be measured reliably and (d) it is probable that future economic benefits will flow to the entity.

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 corporation 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 is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Dragon Underfloor Heating & Screed Limited

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

Tangible assets

Tangible assets are stated in the balance sheet 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 and machinery | 25% reducing balance
Motor vehicles | 25% reducing balance

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.

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 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.

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.

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.

Dragon Underfloor Heating & Screed Limited

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

Financial instruments

Financial assets
Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2024 - 13).

Dragon Underfloor Heating & Screed Limited

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

4 | Tangible assets

| Motor vehicles £ | Plant and machinery £ | Total £
Cost or valuation
At 1 June 2024 | 73,170 | 79,885 | 153,055
Additions | 25,690 | 196 | 25,886
At 31 May 2025 | 98,860 | 80,081 | 178,941
Depreciation
At 1 June 2024 | 44,331 | 49,508 | 93,839
Charge for the year | 13,633 | 7,441 | 21,074
At 31 May 2025 | 57,964 | 56,949 | 114,913
Carrying amount
At 31 May 2025 | 40,896 | 23,132 | 64,028
At 31 May 2024 | 28,839 | 30,377 | 59,216

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 243,836 | 369,565
Prepayments | 79,167 | 11,758
Other debtors | 52,144 | 112,728
| 375,147 | 494,051

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Loans and borrowings | 26,279 | 47,032
Trade creditors | 218,921 | 289,772
Taxation and social security | 90,443 | 13,055
Accruals and deferred income | 41,999 | 5,582
Other creditors | 45,927 | 92,417
| 423,569 | 447,858

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £15,660 (2024 - £17,104).

Dragon Underfloor Heating & Screed Limited

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

Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £
Due after one year |  |
Loans and borrowings | 32,784 | 32,100

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £32,784 (2024 - £21,992).

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 1,000 | 1,000 | 1,000 | 1,000

8 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £7,784 (2024 - £20,567).

9 | Related party transactions

2025 | At 1 June 2024 £ | Advances to director £ | At 31 May 2025 £
Interest free loan | - | 23,150 | 23,150

Expenditure with and payables to related parties

2025 | Key management £
Amounts payable to related party | 108

2024 | Key management £
Amounts payable to related party | 19,280