GCN Flooring Limited Filleted Accounts Cover |  |

|  |  |  |  |  | Registered number |
|  |  |  |  |  | 03218222 |
| GCN Flooring Limited |
| Filleted Accounts |
| 31 May 2025 |

GCN Flooring Limited Balance Sheet Registrar |  |

at | 31 May 2025 |  |  |  |  |  |  |  |
Company No. | 03218222 |  |  |  |  |  |  |  |
|  |  |  |  | Notes |  | 2025 |  |  |  | 2024
|  |  |  |  |  |  | £ |  |  |  | £
Fixed assets |  |  |  |  |  |  |  |
| Tangible assets |  | 4 |  | 14,812 |  |  |  | 15,968
|  |  |  |  |  |  | 14,812 |  |  |  | 15,968
Current assets |  |  |  |  |  |  |  |
| Stocks |  | 5 | 1,027,226 |  |  | 612,505 |  |
| Debtors |  | 6 | 433,634 |  |  | 431,724 |  |
| Cash at bank and in hand |  |  | 857,335 |  |  | 560,371 |  |
|  |  |  |  |  | 2,318,195 |  |  | 1,604,600 |  |
Creditors: Amount falling due within one year | 7 | (643,403) | () |  | (462,844) |  | ()
Net current assets |  |  |  | 1,674,792 |  |  |  | 1,141,756
Total assets less current liabilities |  |  |  | 1,689,604 |  |  |  | 1,157,724
Creditors: Amounts falling due after more than one year | 8 |  | (872) |  |  |  | (21,671)
Net assets |  |  |  | 1,688,732 |  |  |  | 1,136,053
Capital and reserves |  |  |  |  |  |  |  |
| Called up share capital |  |  |  | 100 |  |  |  | 100
| Profit and loss account |  | 9 |  | 1,688,632 |  |  |  | 1,135,953
Total equity |  |  |  | 1,688,732 |  |  |  | 1,136,053
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 23 February 2026 and signed on its behalf by: |  |
J. Nisbett |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |
23 February 2026 |  |  |  |  |  |  |  |  |

GCN Flooring Limited Notes to the Accounts Registrar |  |

for the year ended 31 May 2025 |  |  |  |  |  |  |  |

1 | General information |  |
| GCN Flooring Limited is a private company limited by shares and incorporated in England and Wales.
| Its registered number is: 03218222 |  |  |  |  |  |
| Its registered office is: |  |  |  |  |  |  |  |  |  |
| Bank Chambers |  |  |  |  |  |  |  |  |  |
| 1 3 Woodford Avenue |  |  |  |  |  |  |  |  |  |
| Gants Hill Ilford |  |  |  |  |  |  |  |  |  |
| Essex |  |  |  |  |  |  |  |  |  |
| IG2 6UF |  |  |  |  |  |
| The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2 | Accounting policies |  |  |  |  |  |  |  |

| Turnover |  |  |  |  |  |  |  |
| Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

| Tangible fixed assets and depreciation |  |  |  |  |  |  |  |
| Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
| Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
|  | Plant and machinery |  | 15% reducing balance |  |  |  |  |  |
|  | Motor vehicles |  | 25% reducing balance |  |  |  |  |  |

3 | Employees |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | 2025 |  |  |  | 2024
|  |  |  |  |  |  |  |  |  | Number |  |  |  | Number
|  | The average monthly number of employees (including directors) during the year was: | 7 |  |  |  | 7

4 | Tangible fixed assets |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Plant and machinery |  | Motor vehicles |  | Total
|  |  |  |  |  |  |  |  |  | £ |  | £ |  | £
|  | Cost or revaluation |  |  |  |  |  |  |  |  |  |
|  | At 1 June 2024 |  |  |  |  |  | 33,269 |  | 28,000 |  | 61,269
|  | Additions |  |  |  |  |  | 2,903 |  | - |  | 2,903
|  | At 31 May 2025 |  |  |  |  |  | 36,172 |  | 28,000 |  | 64,172
|  | Depreciation |  |  |  |  |  |  |  |  |  |
|  | At 1 June 2024 |  |  |  |  |  | 28,252 |  | 17,049 |  | 45,301
|  | Charge for the year |  |  |  |  |  | 1,321 |  | 2,738 |  | 4,059
|  | At 31 May 2025 |  |  |  |  |  | 29,573 |  | 19,787 |  | 49,360
|  | Net book values |  |  |  |  |  |  |  |  |  |
|  | At 31 May 2025 |  |  |  |  |  | 6,599 |  | 8,213 |  | 14,812
|  | At 31 May 2024 |  |  |  |  |  | 5,017 |  | 10,951 |  | 15,968

5 | Stocks |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | 2025 |  |  |  | 2024
|  |  |  |  |  |  |  |  |  | £ |  |  |  | £
|  | Stocks |  |  |  | 1,027,226 |  |  |  | 612,505
|  |  |  |  |  |  |  |  |  | 1,027,226 |  |  |  | 612,505

6 | Debtors |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | 2025 |  |  |  | 2024
|  |  |  |  |  |  |  |  |  | £ |  |  |  | £
|  | Trade debtors |  |  |  | 400,660 |  |  |  | 406,400
|  | Other debtors |  |  |  | 32,974 |  |  |  | 25,324
|  |  |  |  |  |  |  |  |  | 433,634 |  |  |  | 431,724

7 | Creditors: |  |  |  |  |  |  |  |
|  | amounts falling due within one year |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | 2025 |  |  |  | 2024
|  |  |  |  |  |  |  |  |  | £ |  |  |  | £
|  | Bank loans and overdrafts |  |  |  | 21,444 |  |  |  | 20,015
|  | Trade creditors |  |  |  | 471,206 |  |  |  | 361,603
|  | Taxes and social security |  |  |  | (84,839) |  |  |  | (72,824)
|  | Loans from directors |  |  |  | 18,710 |  |  |  | 19,156
|  | Other creditors |  |  |  | 216,882 |  |  |  | 134,894
|  |  |  |  |  |  |  |  |  | 643,403 |  |  |  | 462,844

8 | Creditors: |  |  |  |  |  |  |  |
|  | amounts falling due after more than one year |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | 2025 |  |  |  | 2024
|  |  |  |  |  |  |  |  |  | £ |  |  |  | £
|  | Bank loan due to Covid-19 |  |  |  | 872 |  |  |  | 21,671
|  |  |  |  |  |  |  |  |  | 872 |  |  |  | 21,671

9 | Reserves |  |  |  |  |  |  |  |
|  | Profit and loss account - includes all current and prior period retained profits and losses.

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