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Registration number: 04894022

AZ Flooring Specialist Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 August 2025

AZ Flooring Specialist Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 7

AZ Flooring Specialist Limited

Company Information

Directors | Mr A. S. Wakadia Mrs S. I. Wakadia

Company secretary | Mrs S. I. Wakadia

Registered office | 1 Sowton Cottages Sowton Village Exeter Devon EX5 2AD

Bankers | TSB Bank

Accountants | Thompson Jenner LLP Chartered Accountants 28 Alexandra Terrace Exmouth Devon EX8 1BD

AZ Flooring Specialist Limited

(Registration number: 04894022)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 329 | 515
Current assets |  |  |
Stocks | 5 | 150 | 582
Debtors | 6 | 1,350 | 2,078
Cash at bank and in hand |  | 28,357 | 25,056
|  | 29,857 | 27,716
Creditors: Amounts falling due within one year | 7 | (12,332) | (5,423)
Net current assets |  | 17,525 | 22,293
Total assets less current liabilities |  | 17,854 | 22,808
Provisions for liabilities |  | (83) | (129)
Net assets |  | 17,771 | 22,679
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 17,671 | 22,579
Shareholders' funds |  | 17,771 | 22,679

For the financial year ending 31 August 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

AZ Flooring Specialist Limited

(Registration number: 04894022)
Balance Sheet as at 31 August 2025

These financial statements have been 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 23 December 2025 and signed on its behalf by:

......................................... Mr A. S. Wakadia Director

AZ Flooring Specialist Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 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:
1 Sowton Cottages
Sowton Village
Exeter
Devon
EX5 2AD

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 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

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 sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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 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 taxable income.

AZ Flooring Specialist Limited

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

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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 | 20% straight line basis
Fixtures and fittings | 20% straight line basis
Motor vehicles | 25% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

AZ Flooring Specialist Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

AZ Flooring Specialist Limited

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

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 September 2024 | 3,007 | 11,009 | 4,318 | 18,334
At 31 August 2025 | 3,007 | 11,009 | 4,318 | 18,334
Depreciation
At 1 September 2024 | 2,955 | 11,008 | 3,856 | 17,819
Charge for the year | 46 | - | 140 | 186
At 31 August 2025 | 3,001 | 11,008 | 3,996 | 18,005
Carrying amount
At 31 August 2025 | 6 | 1 | 322 | 329
At 31 August 2024 | 52 | 1 | 462 | 515

5 | Stocks

| 2025 £ | 2024 £
Raw materials and consumables | 150 | 582

6 | Debtors

| 2025 £ | 2024 £
Other debtors | 660 | 1,340
Prepayments and accrued income | 690 | 738
Total current trade and other debtors | 1,350 | 2,078

7 | Creditors

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 304 | 295
Taxation and social security | 1,234 | 3,049
Other creditors | 9,000 | 473
Accrued expenses | 1,794 | 1,606
| 12,332 | 5,423