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REGISTERED NUMBER: 07599035 (England and Wales)

| ACTIVE FLOORING SOLUTIONS LIMITED |

| STRATEGIC REPORT, REPORT OF THE DIRECTORS AND |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 APRIL 2025 |

ACTIVE FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 07599035)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page |

Company Information | 1 |

Strategic Report | 2 |

Report of the Directors | 3 |

Report of the Independent Auditors | 5 |

Statement of Income and Retained Earnings | 9 |

Balance Sheet | 10 |

Notes to the Financial Statements | 11 |

ACTIVE FLOORING SOLUTIONS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30 APRIL 2025

| DIRECTORS: | E M L Greenhough

| R M Fell

| Mrs L A Keher

| A G Lomas

| A K Storey

| REGISTERED OFFICE: | 1 Molyneux Way

| Aintree

| Liverpool

| L10 2JA

| REGISTERED NUMBER: | 07599035 (England and Wales)

| AUDITORS: | Clarke Nicklin LLP

| Chartered Accountants and

| Statutory Auditors

| Clarke Nicklin House

| Brooks Drive

| Cheadle Royal Business Park

| Cheadle

| Cheshire

| SK8 3TD

ACTIVE FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 07599035)

STRATEGIC REPORT

FOR THE YEAR ENDED 30 APRIL 2025

The directors present their strategic report for the year ended 30 April 2025.

REVIEW OF BUSINESS

The financial year to 30 April 2025 marked a resilient performance for the company against a backdrop of continued challenges within the UK construction sector. Turnover for the year was £16.56m (2024: £17.87m), representing a modest reduction from the previous year as market conditions softened. Despite this, the company continued to deliver strong operational performance with a healthy gross profit margin of £4.35m (2024: £4.92m) and solid delivery across key project sectors.

The business maintained its strong relationships with major contractors and continued to hold preferred status with several leading UK construction firms. Investment in people, systems, and fleet supported operational efficiency and ensured the company remained responsive across its regions. The company delivered a broad range of commercial, residential, healthcare, and education projects, and closed the year with a strong pipeline extending well into 2026.

PRINCIPAL RISKS AND UNCERTAINTIES

The company is exposed to risks typical of the construction sector, including economic fluctuations, material cost volatility, supply chain pressures, and project timing changes. These risks are managed through strong client relationships, careful contract oversight, and ongoing monitoring of supplier performance. Credit risk is mitigated through the use of comprehensive credit insurance and regular debtor reviews. Regulatory compliance, particularly in relation to health and safety and employment legislation, remains a key priority supported by appropriate policies, training, and audit processes.

FINANCIAL RISK MANAGEMENT

The company maintains a prudent approach to financial management. Regular cashflow forecasting and close monitoring of working capital ensure that the business can meet its operational commitments. Established banking facilities provide flexibility where required, and credit exposure is controlled through insurance and routine credit assessments.

LIQUIDITY RISK

Liquidity is monitored on an ongoing basis through robust cashflow forecasting. The directors are satisfied that the company has sufficient resources and controls in place to support continued operations and manage financial obligations as they fall due.

DEVELOPMENT AND PERFORMANCE

Looking ahead, the directors remain optimistic about the company’s growth prospects. The focus will continue to be on delivering high-quality services to clients, with sustainability initiatives playing an increasingly important role. With a strong pipeline of projects and a dedicated team, the company is well-positioned for continued success in the coming year.

ON BEHALF OF THE BOARD:

Mrs L A Keher - Director

20 January 2026

ACTIVE FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 07599035)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 30 APRIL 2025

The directors present their report with the financial statements of the company for the year ended 30 April 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of floor specialists.

DIVIDENDS

The total distribution of dividends for the year ended 30 April 2025 will be £981,786 (2024: £1,082,151).

DIRECTORS

The directors shown below have held office during the whole of the period from 1 May 2024 to the date of this report.

E M L Greenhough

R M Fell

Mrs L A Keher

A G Lomas

A K Storey

CREDITOR PAYMENT POLICY

It is the company's policy that payments to suppliers are made in accordance with those terms and conditions agreed between the company and its suppliers, provided that all trading terms and conditions have been complied with.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ACTIVE FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 07599035)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 30 APRIL 2025

AUDITORS

The auditors, Clarke Nicklin LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mrs L A Keher - Director

20 January 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

ACTIVE FLOORING SOLUTIONS LIMITED

Opinion

We have audited the financial statements of Active Flooring Solutions Limited (the 'company') for the year ended 30 April 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the company's affairs as at 30 April 2025 and of its profit for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

ACTIVE FLOORING SOLUTIONS LIMITED

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- | the financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

ACTIVE FLOORING SOLUTIONS LIMITED

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- |  | enquiring of management concerning the company's procedures relating to: identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance; detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; |

- |  | discussing among the engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. As part of this discussion, we identified potential for fraud in the following areas: timing of recognition of sales and purchases, posting of unusual journals; and |

- |  | obtaining an understanding of the legal and regulatory frameworks that the company operates in, focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the company. The key laws and regulations we considered in this context included UK Companies Act, employment law, health and safety, pensions legislation and tax legislation. |

The procedures to respond to risks identified included:

- |  | reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations discussed above; |

- |  | enquiring of management, concerning actual and potential litigation and claims; |

- |  | performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; |

- |  | reviewing correspondence with HMRC; |

- |  | testing the timing and matching of income and expense transactions either side of the year end; and |

- |  | in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. |

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulation that are not closely related to events and transactions reflected in the financial statements. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detection one resulting from an error, as fraud may involve deliberate concealment, by for example, forgery or intentional misrepresentation, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

ACTIVE FLOORING SOLUTIONS LIMITED

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Andrew Baggott (Senior Statutory Auditor)

for and on behalf of Clarke Nicklin LLP

Chartered Accountants and

Statutory Auditors

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

20 June 2026

ACTIVE FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 07599035)

STATEMENT OF INCOME AND RETAINED EARNINGS

FOR THE YEAR ENDED 30 APRIL 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 4 | 16,559,025 |  | 17,868,752 |  |

Cost of sales | 12,206,243 |  | 12,943,818 |  |

GROSS PROFIT | 4,352,782 |  | 4,924,934 |  |

Administrative expenses | 2,866,593 |  | 2,602,708 |  |

1,486,189 |  | 2,322,226 |  |

Other operating income | 107,378 |  | 8,910 |  |

OPERATING PROFIT | 6 | 1,593,567 |  | 2,331,136 |  |

Interest receivable and similar income | 24,937 |  | 38,272 |  |

PROFIT BEFORE TAXATION | 1,618,504 |  | 2,369,408 |  |

Tax on profit | 7 | 411,529 |  | 610,993 |  |

PROFIT FOR THE FINANCIAL YEAR | 1,206,975 |  | 1,758,415 |  |

Retained earnings at beginning of year | 2,619,657 |  | 1,943,393 |  |

Dividends | 8 | (981,785 | ) | (1,082,151 | ) |

RETAINED EARNINGS AT END OF YEAR | 2,844,847 |  | 2,619,657 |  |

ACTIVE FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 07599035)

BALANCE SHEET

30 APRIL 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 9 | 180,001 |  | 158,259 |  |

Investment property | 10 | 20,000 |  | 20,000 |  |

200,001 |  | 178,259 |  |

CURRENT ASSETS

Debtors | 11 | 6,241,357 |  | 5,394,707 |  |

Cash at bank and in hand | 383,068 |  | 1,055,900 |  |

6,624,425 |  | 6,450,607 |  |

CREDITORS

Amounts falling due within one year | 12 | 3,928,476 |  | 3,963,541 |  |

NET CURRENT ASSETS | 2,695,949 |  | 2,487,066 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,895,950 |  | 2,665,325 |  |

PROVISIONS FOR LIABILITIES | 14 | 45,000 |  | 39,565 |  |

NET ASSETS | 2,850,950 |  | 2,625,760 |  |

CAPITAL AND RESERVES

Called up share capital | 15 | 107 |  | 107 |  |

Share premium | 16 | 5,996 |  | 5,996 |  |

Retained earnings | 16 | 2,844,847 |  | 2,619,657 |  |

SHAREHOLDERS' FUNDS | 2,850,950 |  | 2,625,760 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2026 and were signed on its behalf by:

E M L Greenhough - Director

Mrs L A Keher - Director

ACTIVE FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 07599035)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

1. | STATUTORY INFORMATION

| Active Flooring Solutions 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Going concern

| In carrying out their duties in respect of going concern, the directors have carried out a review of the Company's financial position and cash flow forecast for a period of 12 months from the date of approval of these financial statements. The forecasts have been based on a comprehensive review of revenue, expenditure and cash flows, taking into account specific business risks and the uncertainties brought about by the current economic environment.

| To ensure the continuation of the Company the directors regularly review the cash flows of the Company both in the short and medium term, have a thorough approach to managing the working capital and hold regular reviews, which includes an assessment of any bad debt risk. This is supported by monitoring of key performance indicators.

| The Company's ability to continue as a going concern depends on it being able to respond to market trends and to capture new business opportunities arising in the market. The business continues to evolve in response to customers' needs.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

| • | the requirements of Section 7 Statement of Cash Flows.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

ACTIVE FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 07599035)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

2. | ACCOUNTING POLICIES - continued

| Turnover

| Profit is recognised at the fair value of the consideration received for installation and completion work for flooring projects. This is measured by reference to the stage of completion of each contract where there is reasonable certainty that the contract will be profitable and is shown net of VAT and other sales related taxes. Where the outcome of the contract cannot be established with reasonable certainty no profit is recognised. Foreseeable losses are provided for to the extent they are anticipated.

| Where the progress of contracts is measured overtime the revenue recognised reflects the value of the contract with reference to a survey of work performed. Normally this survey is conducted by a third party and as valuation certificate received.

| Where the value of work done exceeds the amounts invoiced, the excess is accounted for as amounts recoverable on contracts and is included within debtors.

| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on despatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can ne measured reliably.

| All revenue recognised arises from the provision of construction-related services.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Improvements to property | - | in accordance with lease

| Plant and machinery | - | 25% on reducing balance

| Computer equipment | - | 25% on reducing balance

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| 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.

ACTIVE FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 07599035)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| 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.

| Long term contracts

| Long term contracts are assessed on a contract by contract basis and are reflected in the profit and loss account by recording turnover and related costs as contract progresses. Where the outcome of a contract can be assessed with reasonable certainty before its conclusion, the attributable profit is recognised in the profit and loss account as the difference between reported turnover and related costs for that contract.

| Cash at bank and in hand.

| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short term-liquid investments with original maturities of three months or less.

3. | CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experienced other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both the current and future periods.

| Depreciation

| The rates of depreciation of the various classes of fixed asset have been used consistently from prior years to current year.

| Retention Reserve

| An estimate is made of the amount of retentions that management consider are irrecoverable.

ACTIVE FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 07599035)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

4. | TURNOVER

| The turnover and profit before taxation are attributable to the one principal activity of the company.

| An analysis of turnover by class of business is given below:

| 2025 |  | 2024

£ | £ |

| Flooring contractors | 16,559,025 |  | 17,868,752 |  |

16,559,025 |  | 17,868,752 |  |

| An analysis of turnover by geographical market is given below:

| 2025 |  | 2024

£ | £ |

| United Kingdom | 16,559,025 |  | 17,868,752 |  |

16,559,025 |  | 17,868,752 |  |

5. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 1,269,953 |  | 1,154,739 |  |

| Social security costs | 187,674 |  | 163,579 |  |

| Other pension costs | 165,850 |  | 297,915 |  |

1,623,477 |  | 1,616,233 |  |

| The average number of employees during the year was as follows:

| 2025 |  | 2024

| Management | 5 |  | 5 |  |

| Administration and operations | 36 |  | 36 |  |

41 |  | 41 |  |

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 132,650 |  | 152,235 |  |

| Directors' pension contributions to money purchase schemes | 105,000 |  | 255,750 |  |

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 5 |  | 5 |  |

ACTIVE FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 07599035)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

6. | OPERATING PROFIT

| The operating profit is stated after charging:

| 2025 |  | 2024

£ | £ |

| Hire of plant and machinery | 11,928 |  | 3,454 |  |

| Depreciation - owned assets | 47,509 |  | 21,934 |  |

| Loss on disposal of fixed assets | 1,854 |  | 5,191 |  |

| Auditors' remuneration | 21,525 |  | 20,500 |  |

| Lease expenses | 107,601 |  | 51,106 |  |

7. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 406,094 |  | 582,199 |  |

| Deferred tax | 5,435 |  | 28,794 |  |

| Tax on profit | 411,529 |  | 610,993 |  |

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

| 2025 |  | 2024

£ | £ |

| Profit before tax | 1,618,504 |  | 2,369,408 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 404,626 |  | 592,352 |  |

| Effects of:

| Expenses not deductible for tax purposes | 7,288 |  | 8,016 |  |

| Capital allowances in excess of depreciation | (385 | ) | - |  |

| Depreciation in excess of capital allowances | - |  | 10,625 |  |

| Total tax charge | 411,529 |  | 610,993 |  |

8. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Interim | 981,785 |  | 1,082,151 |  |

ACTIVE FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 07599035)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

9. | TANGIBLE FIXED ASSETS

| Improvements |

| to |  | Plant and |  | Computer |

| property |  | machinery |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 May 2024 | 80,098 |  | 30,596 |  | 85,557 |  | 196,251 |  |

| Additions | 34,521 |  | 13,596 |  | 24,527 |  | 72,644 |  |

| Disposals | - |  | - |  | (4,221 | ) | (4,221 | ) |

| At 30 April 2025 | 114,619 |  | 44,192 |  | 105,863 |  | 264,674 |  |

| DEPRECIATION

| At 1 May 2024 | 5,766 |  | 13,620 |  | 18,606 |  | 37,992 |  |

| Charge for year | 22,367 |  | 5,688 |  | 19,454 |  | 47,509 |  |

| Eliminated on disposal | - |  | - |  | (828 | ) | (828 | ) |

| At 30 April 2025 | 28,133 |  | 19,308 |  | 37,232 |  | 84,673 |  |

| NET BOOK VALUE

| At 30 April 2025 | 86,486 |  | 24,884 |  | 68,631 |  | 180,001 |  |

| At 30 April 2024 | 74,332 |  | 16,976 |  | 66,951 |  | 158,259 |  |

10. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 May 2024

| and 30 April 2025 | 20,000 |  |

| NET BOOK VALUE

| At 30 April 2025 | 20,000 |  |

| At 30 April 2024 | 20,000 |  |

11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 4,665,926 |  | 4,224,219 |  |

| Other debtors | 179,182 |  | 116,607 |  |

| Directors' current accounts | 843,900 |  | 638,287 |  |

| Tax | 246,135 |  | 163,518 |  |

| Value added tax | 167,300 |  | 178,227 |  |

| Prepayments and accrued income | 138,914 |  | 73,849 |  |

6,241,357 |  | 5,394,707 |  |

ACTIVE FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 07599035)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 1,748,430 |  | 1,461,916 |  |

| Amounts owed to group undertakings | 15,842 |  | 21,546 |  |

| Corporation tax | 438,711 |  | 745,716 |  |

| Social security and other taxes | 136,944 |  | 124,248 |  |

| Other creditors | 184,244 |  | 164,291 |  |

| Directors' current accounts | 220,264 |  | 208,278 |  |

| Accruals and deferred income | 1,184,041 |  | 1,237,546 |  |

3,928,476 |  | 3,963,541 |  |

| Pension contributions unpaid at the year end were £9,209 (2024: £8,888).

13. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 107,601 |  | 107,601 |  |

| Between one and five years | 187,464 |  | 295,065 |  |

295,065 |  | 402,666 |  |

14. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 45,000 |  | 39,565 |  |

| Deferred |

| tax |

£ |

| Balance at 1 May 2024 | 39,565 |  |

| Charge to Income Statement during year | 5,435 |  |

| Balance at 30 April 2025 | 45,000 |  |

ACTIVE FLOORING SOLUTIONS LIMITED (REGISTERED NUMBER: 07599035)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

15. | CALLED UP SHARE CAPITAL

| Alloted, issued and fully paid:

| Number: |  | Class: |  | Nominal value: |  | 2025 |  |  | 2024 |

|  | £ |  |  | £ |

| 550 |  | Ordinary A |  | 10p |  | 55 |  |  | 55 |

| 370 |  | Ordinary B |  | 10p |  | 37 |  |  | 37 |

| 110 |  | Ordinary C |  | 10p |  | 11 |  |  | 11 |

| 41 |  | Ordinary D |  | 10p |  | 4 |  |  | 4 |

|  | 107 |  |  | 107 |

16. | RESERVES

| Retained |  | Share |

| earnings |  | premium |  | Totals

£ | £ | £ |

| At 1 May 2024 | 2,619,657 |  | 5,996 |  | 2,625,653 |  |

| Profit for the year | 1,206,975 |  | 1,206,975 |  |

| Dividends | (981,785 | ) | (981,785 | ) |

| At 30 April 2025 | 2,844,847 |  | 5,996 |  | 2,850,843 |  |

17. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| At 30 April 2025, the director loan balances due to the company totalled £843,900 (2024: £638,287). These loans are unsecured, interest-free, and repayable on demand.

18. | RELATED PARTY DISCLOSURES

| Entities over which the entity has control, joint control or significant influence

2025 | 2024 |

£ | £ |

| Amount due from related party | 118,123 |  | 116,372 |  |

| The related party loans are unsecured, interest free and repayable on demand.

19. | ULTIMATE CONTROLLING PARTY

| The company is a wholly owned subsidiary of Active Solutions Group Limited.