Thorpe's Flooring Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08610155 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

THORPE'S FLOORING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

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

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

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.

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 ) .

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

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

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

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

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.