REGISTERED NUMBER: 02743771 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Flooring.UK.Com Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G C J Latham

Mrs C Walkden

S G Latham

REGISTERED OFFICE:

22 - 24 Hart Street

Southport

Merseyside

PR8 6BT

REGISTERED NUMBER:

02743771 (England and Wales)

ACCOUNTANTS:

Topping & Company

Chartered Accountants

209 Liverpool Road

Birkdale

Southport

Merseyside

PR8 4PH

FIXED ASSETS

Intangible assets

4

6,663

6,663

Tangible assets

5

34,365

10,094

41,028

16,757

CURRENT ASSETS

Stocks

312,553

322,687

Debtors

6

452,562

536,026

Cash at bank and in hand

127,157

190,761

892,272

1,049,474

CREDITORS

Amounts falling due within one year

7

434,594

450,594

NET CURRENT ASSETS

457,678

598,880

TOTAL ASSETS LESS CURRENT LIABILITIES

498,706

615,637

CREDITORS

Amounts falling due after more than one year

8

(14,434

)

(12,282

)

PROVISIONS FOR LIABILITIES

-

(4,116

)

NET ASSETS

484,272

599,239

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

484,172

599,139

484,272

599,239

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2026 and were signed on its behalf by:

G C J Latham - Director

1.	STATUTORY INFORMATION

Flooring.UK.Com Limited is a private limited company, incorporated and registered in England and Wales (registered number 02743771). The address of the registered office is 22 - 24 Hart Street, Southport, Merseyside, PR8 6BT. The principal activity of the company is the sale of carpet and flooring products.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company's functional and presentational currency is GBP.

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.

Turnover

Turnover is measured at the fair value of the consideration receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company sells carpet and flooring products. The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.

Tangible fixed assets

All tangible assets are initially recorded at cost. Cost includes all expenditure directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner included by management.

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

Plant and machinery etc: 25% on cost.

At each reporting date the carrying value of the company's tangible fixed assets are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or related group of assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to sell. Cost is determined using the first in first out method.

The carrying amount of stock is recognised as an expense in the period in which the related revenue is recognised.

Stocks are assessed for impairment at each reporting date. The carrying amount of each item of stock, or similar items, is compared with its selling price less costs to sell. If an item of stock or a group of similar items is impaired, its carrying amount is reduced to selling price less costs to sell, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of assets in prior periods. A reversal of an impairment loss is recognised immediately 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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their useful economic lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals under operating leases are charged to profit or loss on a straight line basis over the lease term.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

The company's website is being amortised evenly over its estimated useful life of 5 years.

Coronavirus (covid-19) loans

The Company's Coronavirus Business Interruption Loan, entered into with Funding Circle Focal Point Lending Limited in accordance with the Coronavirus Business Interruption Loan Scheme introduced by the Government, is initially measured at transaction price. The loan is repayable over four years by monthly instalments commencing twelve months after draw down. Interest is charged on the loan at a fixed rate of 8.9% per annum and will be paid for by the Government Business Interruption Payment for the first twelve months.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 33 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 September 2024

31,288

Additions

2,380

At 31 August 2025

33,668

AMORTISATION

At 1 September 2024

24,625

Charge for year

2,380

At 31 August 2025

27,005

NET BOOK VALUE

At 31 August 2025

6,663

At 31 August 2024

6,663

Other intangible assets of the company are comprised solely of its website.

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

501,172

Additions

39,275

Disposals

(45,928

)

At 31 August 2025

494,519

DEPRECIATION

At 1 September 2024

491,078

Charge for year

15,004

Eliminated on disposal

(45,928

)

At 31 August 2025

460,154

NET BOOK VALUE

At 31 August 2025

34,365

At 31 August 2024

10,094

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

84,143

103,696

Amounts owed by group undertakings

365,919

365,639

Other debtors

2,500

66,691

452,562

536,026

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts (see note 9)

12,282

69,999

Hire purchase contracts

5,481

-

Trade creditors

244,692

225,387

Taxation and social security

32,860

51,842

Other creditors

139,279

103,366

434,594

450,594

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans (see note 9)

-

12,282

Hire purchase contracts

14,434

-

14,434

12,282

9.

LOANS

An analysis of the maturity of loans is given below:

31.8.25

31.8.24

£

£

Amounts falling due within one year or on demand:

Bank loans

12,282

69,999

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

12,282

The Company's Coronavirus Business Interruption Loan, entered into with Funding Circle Focal Point Lending Limited, is supported by the Coronavirus Business Interruption Loan Scheme which in turn is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy and Industrial Strategy.

10.	RELATED PARTY DISCLOSURES

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G C J Latham.

Flooring.UK.Com Limited is a 100% Subsidiary of Flooring Enterprises Limited, which is controlled by the Director, Mr G C J Latham, by virtue of his majority shareholding in Flooring Enterprises Limited.