FLOORING CONCEPTS LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06523388

FLOORING CONCEPTS LIMITED

Filleted Unaudited Financial Statements

31 December 2025

FLOORING CONCEPTS LIMITED

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		1,413,325	1,447,914

Current assets

Stocks		148,186	233,462
Debtors	6	258,099	466,320
Cash at bank and in hand		1,203,429	1,269,109
		------------	------------
		1,609,714	1,968,891

Creditors: amounts falling due within one year	7	663,023		838,819
		------------		------------
Net current assets			946,691	1,130,072
			------------	------------
Total assets less current liabilities			2,360,016	2,577,986

Creditors: amounts falling due after more than one year	8	618,384	670,623
		------------	------------
Net assets		1,741,632	1,907,363
		------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,741,532	1,907,263
	------------	------------
Shareholders funds	1,741,632	1,907,363
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

FLOORING CONCEPTS LIMITED

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 7 July 2026 , and are signed on behalf of the board by:

S W Herman

Director

FLOORING CONCEPTS LIMITED

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Northburgh Street, London, EC1V 0AY.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Foreign currencies

Foreign currency transactions are recorded in the functional currency, by applying a fixed rate for the duration of the accounting period. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures & fittings	-	15% reducing balance
Motor Vehicle	-	18% reducing balance
Office Equipment	-	15% reducing balance

Depreciation has not been provided on the leasehold property as in the opinion of the directors, its market value is in excess of its book value.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2024: 13 ).

5. Tangible assets

	Land and buildings	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 January 2025 and 31 December 2025	1,250,729	69,075	216,099	15,736	1,551,639
	------------	--------	---------	--------	------------
Depreciation
At 1 January 2025	–	41,097	49,034	13,594	103,725
Charge for the year	–	4,196	30,072	321	34,589
	------------	--------	---------	--------	------------
At 31 December 2025	–	45,293	79,106	13,915	138,314
	------------	--------	---------	--------	------------
Carrying amount
At 31 December 2025	1,250,729	23,782	136,993	1,821	1,413,325
	------------	--------	---------	--------	------------
At 31 December 2024	1,250,729	27,978	167,065	2,142	1,447,914
	------------	--------	---------	--------	------------

6. Debtors

	2025	2024
	£	£
Trade debtors	251,315	465,130
Prepayments and accrued income	6,784	1,190
	---------	---------
	258,099	466,320
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Mortgage	53,546	53,546
Trade creditors	283,533	272,063
Accruals and deferred income	49,084	47,029
Corporation tax	105,468	213,366
Social security and other taxes	157,979	239,402
Obligations under finance leases and hire purchase contracts	13,413	13,413
	---------	---------
	663,023	838,819
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Mortgage	511,606	545,511
Obligations under finance leases and hire purchase contracts	106,778	125,112
	---------	---------
	618,384	670,623
	---------	---------

The mortgage is secured by fixed and floating charges created by Barclays Bank PLC dated 9 March 2017 and 22 March 2017 covering all the property and undertakings of the company.

The obligations under finance leases and hire purchase contracts includes an option of a single balloon payment of £84283 due at the end of the agreement.