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Registered number: NI043496
Hagan Flooring Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 April 2025
O'Hagan McGlinchey & Co
Hagan Flooring Limited
Contents
Contents

| Page
--- | ---
Abridged Balance Sheet | 1—2
Notes to the Abridged Financial Statements | 3—4

Page 1
Hagan Flooring Limited
Abridged Balance Sheet
As At 30 April 2025
Abridged Balance Sheet
Registered number: NI043496

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 129,849 |  | 136,965
|  |  | 129,849 |  | 136,965
CURRENT ASSETS
Stocks |  | 870,165 |  | 1,021,500 |
Debtors |  | 65,445 |  | 53,161 |
Cash at bank and in hand |  | 10,897 |  | 104,050 |
|  | 946,507 |  | 1,178,711 |
Creditors: Amounts Falling Due Within One Year |  | (1,026,468 ) |  | (1,102,229 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (79,961 ) |  | 76,482
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 49,888 |  | 213,447
Creditors: Amounts Falling Due After More Than One Year |  |  | (6,179 ) |  | (15,651 )
NET ASSETS |  |  | 43,709 |  | 197,796
CAPITAL AND RESERVES
Called up share capital | 5 |  | 100 |  | 100
Profit and Loss Account |  |  | 43,609 |  | 197,696
SHAREHOLDERS' FUNDS |  |  | 43,709 |  | 197,796

Page 1
Page 2
Hagan Flooring Limited
Abridged Balance Sheet (continued)
As At 30 April 2025
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 April 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board

Mr L Hagan Director
9th February 2026

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Hagan Flooring Limited
Notes to the Abridged Financial Statements
For The Year Ended 30 April 2025
Notes to the Abridged Financial Statements
1. General Information
Hagan Flooring Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI043496 . The registered office is 37 Shanless Road, Coalisland, Co. Tyrone, BT71 5DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
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:

Freehold | -
Leasehold | -
Plant & Machinery | 25%
Motor Vehicles | 25%
Fixtures & Fittings | 25%

2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 7)
6 7
4. Tangible Assets

| Total
--- | ---
| £
Cost
As at 1 May 2024 | 550,914
As at 30 April 2025 | 550,914
Depreciation
As at 1 May 2024 | 413,949
Provided during the period | 7,116
As at 30 April 2025 | 421,065

...CONTINUED
Page 3
Page 4
Hagan Flooring Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 30 April 2025

Net Book Value
As at 30 April 2025 | 129,849
As at 1 May 2024 | 136,965

5. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

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