IRIS Accounts Production v26.1.0.640 08610155 Board of Directors 1.11.24 31.10.25 31.10.25 27.2.2026 false true false false true false Auditors Opinion iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 08610155 2024-10-31 08610155 2025-10-31 08610155 2024-11-01 2025-10-31 08610155 2023-10-31 08610155 2023-11-01 2024-10-31 08610155 2024-10-31 08610155 ns15:EnglandWales 2024-11-01 2025-10-31 08610155 ns14:PoundSterling 2024-11-01 2025-10-31 08610155 ns10:Director1 2024-11-01 2025-10-31 08610155 ns10:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 08610155 ns10:SmallEntities 2024-11-01 2025-10-31 08610155 ns10:Audited 2024-11-01 2025-10-31 08610155 ns10:SmallCompaniesRegimeForDirectorsReport 2024-11-01 2025-10-31 08610155 ns10:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 08610155 ns10:FullAccounts 2024-11-01 2025-10-31 08610155 ns10:Director2 2024-11-01 2025-10-31 08610155 ns10:Director3 2024-11-01 2025-10-31 08610155 ns10:CompanySecretary1 2024-11-01 2025-10-31 08610155 ns10:RegisteredOffice 2024-11-01 2025-10-31 08610155 ns5:CurrentFinancialInstruments 2025-10-31 08610155 ns5:CurrentFinancialInstruments 2024-10-31 08610155 ns5:Non-currentFinancialInstruments 2025-10-31 08610155 ns5:Non-currentFinancialInstruments 2024-10-31 08610155 ns5:ShareCapital 2025-10-31 08610155 ns5:ShareCapital 2024-10-31 08610155 ns5:RetainedEarningsAccumulatedLosses 2025-10-31 08610155 ns5:RetainedEarningsAccumulatedLosses 2024-10-31 08610155 ns5:PlantMachinery 2024-11-01 2025-10-31 08610155 ns5:FurnitureFittings 2024-11-01 2025-10-31 08610155 ns5:MotorVehicles 2024-11-01 2025-10-31 08610155 ns5:ComputerEquipment 2024-11-01 2025-10-31 08610155 ns5:PlantMachinery 2024-10-31 08610155 ns5:FurnitureFittings 2024-10-31 08610155 ns5:MotorVehicles 2024-10-31 08610155 ns5:ComputerEquipment 2024-10-31 08610155 ns5:PlantMachinery 2025-10-31 08610155 ns5:FurnitureFittings 2025-10-31 08610155 ns5:MotorVehicles 2025-10-31 08610155 ns5:ComputerEquipment 2025-10-31 08610155 ns5:PlantMachinery 2024-10-31 08610155 ns5:FurnitureFittings 2024-10-31 08610155 ns5:MotorVehicles 2024-10-31 08610155 ns5:ComputerEquipment 2024-10-31 08610155 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-10-31 08610155 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-10-31 08610155 ns5:Secured 2025-10-31 08610155 ns5:Secured 2024-10-31 08610155 ns5:DeferredTaxation 2024-10-31 08610155 ns5:DeferredTaxation 2025-10-31

REGISTERED NUMBER: 08610155 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 OCTOBER 2025 |

| FOR |

| THORPE'S FLOORING LIMITED |

THORPE'S FLOORING LIMITED (REGISTERED NUMBER: 08610155)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

THORPE'S FLOORING LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 OCTOBER 2025

| DIRECTORS: | Mr JC Thorpe

| Mr H S Anderson

| Mr J Collier

| SECRETARY: | Mr JC Thorpe

| REGISTERED OFFICE: | Unit D Harrison Road

| Airfield Business Park

| Market Harborough

| Leicestershire

| LE16 7UL

| REGISTERED NUMBER: | 08610155 (England and Wales)

| SENIOR STATUTORY AUDITOR: | Mark Harrison BA FCA

| AUDITORS: | Mark J Rees LLP Chartered Accountants

| and Statutory Auditors

| Granville Hall

| Granville Road

| Leicester

| LE1 7RU

THORPE'S FLOORING LIMITED (REGISTERED NUMBER: 08610155)

BALANCE SHEET

31 OCTOBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 15,792 |  | 21,481 |  |

CURRENT ASSETS

Debtors | 5 | 523,395 |  | 1,228,955 |  |

Cash at bank | 39,346 |  | 23,021 |  |

562,741 |  | 1,251,976 |  |

CREDITORS

Amounts falling due within one year | 6 | 507,396 |  | 1,024,834 |  |

NET CURRENT ASSETS | 55,345 |  | 227,142 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 71,137 |  | 248,623 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (37,500 | ) | (87,500 | ) |

PROVISIONS FOR LIABILITIES | 9 | (3,138 | ) | (77 | ) |

NET ASSETS | 30,499 |  | 161,046 |  |

CAPITAL AND RESERVES

Called up share capital | 170 |  | 170 |  |

Retained earnings | 30,329 |  | 160,876 |  |

30,499 |  | 161,046 |  |

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 26 February 2026 and were signed on its behalf by:

Mr JC Thorpe - Director

THORPE'S FLOORING LIMITED (REGISTERED NUMBER: 08610155)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

1. | STATUTORY INFORMATION

| Thorpe's Flooring Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Significant judgements and estimates

| There were no areas in which the preparation of the financial statements required to make significant judgements or estimates.

| Turnover

| Revenue comprises the fair value of the sale of goods and services, excluding value added taxes and represents net invoice value less estimated rebates, returns and settlement discounts, adjusted for contracts not completed at the period end. The company supplies goods and services to customers from its manufacturing sites, under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on the date the work is performed.

| Tangible fixed assets

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

| Plant and machinery | - | 25% on cost

| Fixtures and fittings | - | 25% on cost

| Motor vehicles | - | 20% on reducing balance

| Computer equipment | - | 25% on cost

| 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

| 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.

THORPE'S FLOORING LIMITED (REGISTERED NUMBER: 08610155)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Financial instruments

| Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and therefore at fair value, with changes recognised in profit or loss.

| 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.

| Retention receivables are included within trade receivables and represent amounts withheld by customers under contract terms. They are measured at amortised cost less any provision for impairment.

| Creditors

| Short term trade 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.

| Going concern

| After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2024 - 7 ) .

THORPE'S FLOORING LIMITED (REGISTERED NUMBER: 08610155)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |  | Computer |

| machinery |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 November 2024 | 7,566 |  | 1,436 |  | 28,500 |  | 7,714 |  | 45,216 |  |

| Additions | - |  | - |  | - |  | 400 |  | 400 |  |

| Disposals | - |  | (1,436 | ) | - |  | - |  | (1,436 | ) |

| At 31 October 2025 | 7,566 |  | - |  | 28,500 |  | 8,114 |  | 44,180 |  |

| DEPRECIATION

| At 1 November 2024 | 6,665 |  | 540 |  | 10,410 |  | 6,120 |  | 23,735 |  |

| Charge for year | 901 |  | 359 |  | 3,618 |  | 674 |  | 5,552 |  |

| Eliminated on disposal | - |  | (899 | ) | - |  | - |  | (899 | ) |

| At 31 October 2025 | 7,566 |  | - |  | 14,028 |  | 6,794 |  | 28,388 |  |

| NET BOOK VALUE

| At 31 October 2025 | - |  | - |  | 14,472 |  | 1,320 |  | 15,792 |  |

| At 31 October 2024 | 901 |  | 896 |  | 18,090 |  | 1,594 |  | 21,481 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 481,532 |  | 649,895 |  |

| Amounts owed by group undertakings | - |  | 513,257 |  |

| Other debtors | 41,863 |  | 65,803 |  |

523,395 |  | 1,228,955 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 50,000 |  | 50,000 |  |

| Trade creditors | 149,901 |  | 126,900 |  |

| Amounts owed to group undertakings | 79,531 |  | 656,628 |  |

| Taxation and social security | 26,721 |  | 35,066 |  |

| Other creditors | 201,243 |  | 156,240 |  |

507,396 |  | 1,024,834 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 37,500 |  | 87,500 |  |

THORPE'S FLOORING LIMITED (REGISTERED NUMBER: 08610155)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 87,500 |  | 137,500 |  |

| The bank loan is secured by a fixed and floating charge which covers all the property or undertaking of the company.

9. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred taxation | 3,138 |  | 77 |  |

| Deferred |

| tax |

£ |

| Balance at 1 November 2024 | 77 |  |

| Movement during the year | 3,061 |  |

| Balance at 31 October 2025 | 3,138 |  |

10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Mark Harrison BA FCA (Senior Statutory Auditor)

| for and on behalf of Mark J Rees LLP Chartered Accountants

THORPE'S FLOORING LIMITED (REGISTERED NUMBER: 08610155)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2025

11. | RELATED PARTY DISCLOSURES

| At the year end the company owed £77,754 (2024: £77,754) to J Collier, a director of the company. The balance is unsecured, interest free and repayable on demand.

| At the year end the company owed £NIL (2024: £56,840) to GTG Joinery Solutions Limited in respect of intercompany trading.

| At the year end the company owed £4,800 (2024: £591,800) to Thorpe’s Joinery Limited in respect of intercompany trading. Management charges of £24,000 (2024:£24,000) were issued from Thorpe Flooring Limited to Thorpe's Joinery Limited.

| At the year end the company owed £66,743 (2024: £513,256 owed to the company) to Thorpe Interior Group Limited.

| At the year end the company owed £7,988 (2024: £7,988) to Campbell's Contract Flooring Limited in respect of intercompany trading.

| Thorpe’s Joinery Limited is a wholly owned subsidiary of Thorpe Interior Group Limited. GTG Joinery Solutions Limited is 60% owned by Thorpe Interior Group Limited.

| Thorpe Interior Group Limited is the ultimate parent company of the group with further details disclosed on Note 13.

12. | ULTIMATE PARENT COMPANY

| The company's ultimate parent company is Thorpe Interior Group Limited which is the only company to prepare consolidated financial statements which include the company.

| The ultimate controlling party is Mr JC Thorpe by virtue of his majority shareholding in Thorpe Interior Group Limited.

| The registered address of Thorpe Interior Group Limited is Unit D Harrison Road, Airfield Business Park, Market Harborough, Leicestershire, England, LE16 7UL and the consolidated financial statements can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

13. | PENSION COMMITMENTS

| The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company within an independently administered fund. The charge for the year was £6,084 (2024: £6,675). Contributions of £739 (2024: £809) were unpaid at the year end.