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Registered number: 03729567 ABSOLUTE INTERIORS GROUP LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR For the Year Ended 31 October 2025
ABSOLUTE INTERIORS GROUP LIMITED COMPANY INFORMATION
Director | P Kinggett
Company secretary | S Seidell
Registered number | 03729567
Registered office | Unit 2 Capital Place
| Harlow
| Essex
| CM19 5AS
Accountants | Streets S J Males Limited
| Chartered Accountants
| Suite B1, Building 210
| Butterfield
| Great Marlings
| Luton
| Bedfordshire
| LU2 8DL
ABSOLUTE INTERIORS GROUP LIMITED Registered number: 03729567 STATEMENT OF FINANCIAL POSITION As at 31 October 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 5 |  | 1,080 |  | 1,200
Tangible assets | 6 |  | 268,588 |  | 250,979
Investments | 7 |  | 55 |  | 55
|  |  | 269,723 |  | 252,234
Current assets |  |  |  |  |
Stocks |  | 60,000 |  | 10,000 |
Debtors: amounts falling due within one year | 8 | 5,184,232 |  | 3,285,571 |
Cash at bank and in hand |  | 169,337 |  | 143,668 |
|  | 5,413,569 |  | 3,439,239 |
Creditors: amounts falling due within one year | 9 | (4,220,924) |  | (2,532,794) |
Net current assets |  |  | 1,192,645 |  | 906,445
Total assets less current liabilities |  |  | 1,462,368 |  | 1,158,679
Creditors: amounts falling due after more than one year | 10 |  | (44,584) |  | (14,476)
Provisions for liabilities |  |  |  |  |
Deferred tax | 12 | (67,147) |  | (62,745) |
|  |  | (67,147) |  | (62,745)
Net assets |  |  | 1,350,637 |  | 1,081,458
Page 1
ABSOLUTE INTERIORS GROUP LIMITED Registered number: 03729567 STATEMENT OF FINANCIAL POSITION (CONTINUED) As at 31 October 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Capital and reserves |  |  |  |  |
Called up share capital | 13 |  | 155 |  | 155
Profit and loss account |  |  | 1,350,482 |  | 1,081,303
|  |  | 1,350,637 |  | 1,081,458
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 April 2026.
P Kinggett
Director
The notes on pages 3 to 14 form part of these financial statements. Page 2
ABSOLUTE INTERIORS GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 October 2025
1. | General information
Absolute Interiors Group Limited, formerly Spray Finishes of Harlow Limited, is a private limited liability company with share capital incorporated in England & Wales. The company's registered office and their trading office is Unit 2 Capital Place, Harlow, Essex, England, CM19 5AS. The financial statements are presented in Sterling, whish is the functional currency of the company and the figures in the financial statements have been rounded to the nearest £. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Exemption from preparing consolidated financial statements
The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts. Page 3
ABSOLUTE INTERIORS GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 October 2025 2.Accounting policies (continued)
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙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 Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.4 | Research and development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years. If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 4
ABSOLUTE INTERIORS GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 October 2025 2.Accounting policies (continued)
| 2.6 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.7 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.
| 2.8 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income 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 income.
| 2.9 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
| 2.10 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 5
ABSOLUTE INTERIORS GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 October 2025 2.Accounting policies (continued)
| 2.10 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Plant & machinery | - | 25% |
|  |  |  | Motor vehicles | - | 25% |
|  |  |  | Fixtures & fittings | - | 25% |
|  |  |  | Office equipment | - | 25% |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.11 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment. Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.
| 2.12 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is 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.
| 2.13 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.14 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. Page 6
ABSOLUTE INTERIORS GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 October 2025 2.Accounting policies (continued)
| 2.15 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.16 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.17 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
In the application of the company's accounting policies, the director is required to make jusdgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and 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. Revisisionts to accounting estiamtes are recognised in the period in which the estimate is revised where the revisions affects only that period, or in the period of the revision and future periods where the revisions affects both current and future periods.
4. | Employees
| The average monthly number of employees, including the director, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Management | 1 | 1
|  | Direct | 10 | 9
|  | Office | 6 | 6
|  |  | 17 | 16
Page 7
ABSOLUTE INTERIORS GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 October 2025
5. | Intangible assets
|  | Development expenditure
|  | £
| Cost |
| At 1 November 2024 | 1,200
| At 31 October 2025 | 1,200
| Amortisation |
| Charge for the year on owned assets | 120
| At 31 October 2025 | 120
| Net book value |
| At 31 October 2025 | 1,080
| At 31 October 2024 | 1,200
Page 8
ABSOLUTE INTERIORS GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 October 2025
6. | Tangible fixed assets
|  | Plant & machinery | Motor vehicles | Fixtures & fittings | Office equipment | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 November 2024 | 27,045 | 261,786 | 234,731 | 38,897 | 562,459
| Additions | - | 137,248 | - | 2,783 | 140,031
| Disposals | (11,053) | (79,946) | (5,611) | (13,689) | (110,299)
| At 31 October 2025 | 15,992 | 319,088 | 229,120 | 27,991 | 592,191
| Depreciation |  |  |  |  |
| At 1 November 2024 | 17,790 | 169,168 | 97,191 | 27,331 | 311,480
| Charge for the year on owned assets | 3,785 | 16,648 | 53,135 | 3,975 | 77,543
| Charge for the year on financed assets | - | 32,558 | - | - | 32,558
| Disposals | (11,053) | (67,625) | (5,611) | (13,689) | (97,978)
| At 31 October 2025 | 10,522 | 150,749 | 144,715 | 17,617 | 323,603
| Net book value |  |  |  |  |
| At 31 October 2025 | 5,470 | 168,339 | 84,405 | 10,374 | 268,588
| At 31 October 2024 | 9,255 | 92,618 | 137,540 | 11,566 | 250,979
| The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Motor vehicles | 165,474 | 92,546
|  | 165,474 | 92,546
Page 9
ABSOLUTE INTERIORS GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 October 2025
7. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 November 2024 | 55
| At 31 October 2025 | 55
8. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 3,763,881 | 2,230,991
| Other debtors | 1,415,608 | 1,050,133
| Prepayments and accrued income | 4,743 | 4,447
|  | 5,184,232 | 3,285,571
Page 10
ABSOLUTE INTERIORS GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 October 2025
9. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 6,667 | 10,000
| Trade creditors | 3,957,414 | 2,307,855
| Corporation tax | 128,317 | 107,420
| Other taxation and social security | 31,217 | 20,341
| Obligations under finance lease and hire purchase contracts | 36,746 | 45,863
| Other creditors | 40,340 | 33,667
| Accruals and deferred income | 20,223 | 7,648
|  | 4,220,924 | 2,532,794
| The following liabilities were secured:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Hire purchase liabilities | 36,746 | 45,863
| Bank loans | 6,667 | 10,000
|  | 43,413 | 55,863
| Details of security provided:
The hire purchase liabilities are secured on the assets to which they relate. The company's bankers have a fixed and floating charge over the assets of the company. Page 11
ABSOLUTE INTERIORS GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 October 2025
10. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | - | 6,667
| Net obligations under finance leases and hire purchase contracts | 44,584 | 7,809
|  | 44,584 | 14,476
| The following liabilities were secured:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Hire purchase liabilities | 44,584 | 7,809
| Bank loans | - | 6,667
|  | 44,584 | 14,476
| Details of security provided:
The hire purchase liabilities are secured on the assets to which they relate. The company's bankers have a fixed and floating charge over the assets of the company.
11. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 6,667 | 10,000
|  | 6,667 | 10,000
| Amounts falling due 1-2 years |  |
| Bank loans | - | 6,667
|  | - | 6,667
|  | 6,667 | 16,667
Page 12
ABSOLUTE INTERIORS GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 October 2025
12. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (62,745)
| Charged to profit or loss | (4,402)
| At end of year | (67,147)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (67,147) | (62,745)
|  | (67,147) | (62,745)
13. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 5 (2024 - 5) Ordinary A shares of £1.00 each | 5 | 5
|  | 75 (2024 - 75) Ordinary B shares of £1.00 each | 75 | 75
|  | 20 (2024 - 20) Ordinary C shares of £1.00 each | 20 | 20
|  | 55 (2024 - 55) Ordinary Z shares of £1.00 each | 55 | 55
|  |  | 155 | 155
14. | Pension commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held seperately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £107,350 (2024 - £69,137). Contributions totalling £5,379 (2024 - £19,909) were payable to the fund at the balance sheet date. Page 13
ABSOLUTE INTERIORS GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 October 2025
15. | Related party transactions
| During the year the company charged Absolute Interiors Commercial Flooring Limited £310,000 (2024: £270,000) in respect of consultancy and management fees. At 31 October 2025 the company was owed £992,500 (2024: £682,500) in respect of management charges and financing provided to Absolute Interiors Commercial Flooring Limited. This amounts are included within Other Debtors. At 31 October 2025 the company was owed by Absolute Interiors Commercial Flooring Limited £2,474,073 (2024: £1,321,171) in respect of materials and sub-contractor services provided to the company. This amount is included within trade debtors. During the year the company supplied materials totalling £613,374 (2024: £332,120) and sub-contractor services totalling £314,267 (2024: £196,135). At 31 October 2025 the company owed Absolute Interiors Commercial Flooring Limited £3,731,509 (2024: £2,204,013) in respect of services and materials supplied during the year and these amounts are included within trade creditors. During the year Absolute Interiors Commercial Flooring Limited made sales to the company totalling £1,523,027 (2024: £1,020,915). The net balance between the companies as at the year end is £264,936 (2024: £200,342) owed by the company to Absolute Interiors Commercial Flooring Limited. The company has provided funds to Absolute Interiors Properties Limited and at 31 October 2025 was owed £280,600 (2024: £280,600). This amount is included within other debtors and is repayable on demand. The company rents its premises from Absolute Interiors Properties Limited at an annual rent of £31,200 (2024: £31,200). This rent is charged on an open market basis. Mr P Kinggett is a director and shareholder of both Absolute Interiors Group Limited and Absolute Interiors Propertles Limited.
16. | Controlling party
The immediate and ultimate controlling party is Mr P Kinggett, the director, as a result of his interest in the company's share capital.
Page 14