GCN Flooring Limited Accounts


						Registered number
						03218222


	GCN Flooring Limited
	Filleted Accounts
	31 May 2026



The Director presents his report and the accounts for the year ended 31 May 2026.

Principal activities
The principal activity of the company during the year under review was the provision of flooring and tiling services within the construction industry.




Director

The Director who served at any time during the year was as follows:

J. Nisbett









































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

J. Nisbett
Director
22 July 2026



at	31 May 2026
Company No.		03218222
			Notes		2026		2025
					£		£
Fixed assets

	Tangible assets		5		25,551		14,812


					25,551		14,812
Current assets
	Stocks		6	809,488		1,027,226
	Debtors		7	503,894		433,634

	Cash at bank and in hand			1,331,677		857,335
				2,645,059		2,318,195
Creditors: Amount falling due within one year			8	(575,707)		(643,403)

Total assets less current liabilities					25,551		14,812
Creditors: Amounts falling due after more than one year			9		-		(872)



Net assets					25,551		13,940

Capital and reserves
	Called up share capital				100		100



	Profit and loss account		10		2,094,803		1,688,632

Total equity					2,094,903		1,688,732



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 22 July 2026 and signed on its behalf by:
J. Nisbett
Director
22 July 2026

for the year ended 31 May 2026

General information

GCN Flooring Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 03218222

Its registered office is:

Bank Chambers

1 3 Woodford Avenue

Gants Hill Ilford

Essex

IG2 6UF

The accounts have been prepared in accordance and comply with FRS 102 and Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:

• the Company has transferred to the buyer the significant risks and rewards of ownership of the goods;

• the Company retains neither continuing managerial involvement to the degree usually associated

• the amount of revenue can be measured reliably;

• it is probable that the economic benefits associated with the transaction will flow to the Company; and

• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods and services are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

15% reducing balance

Motor vehicles

25% reducing balance

3	Employees
			2026	2025
			Number	Number
		The average monthly number of employees (including directors) during the year was:	6	7

4	Taxation
		(a) Tax on profit on ordinary activities	2026	2025
		The tax charge is made up as follows:	£	£
		UK corporation tax
		Charge for the period	137,088	41,980

		Total corporation tax	137,088	41,980





		Tax on profit on ordinary activities	137,088	41,980

		(b) Factors affecting the total tax charge for the period
		The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The differences are reconciled below:
		Higher	2026	2025
		1273	£	£
		Profit on ordinary activities before tax	543,259	587,654

		Standard rate of corporation tax in the United Kingdom	25%	25%

		Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom	135,815	146,914
		Expenses not deductible for tax purposes	5,521	(104,208)



		Capital allowances	(4,248)	(726)
		Tax on profit on ordinary activities	137,088	41,980

5	Tangible fixed assets
			Plant and machinery	Motor vehicles	Total
			£	£	£
		Cost or revaluation
		At 1 June 2025	36,172	28,000	64,172
		Additions	-	26,590	26,590


		Disposals	-	(28,000)	(28,000)
		At 31 May 2026	36,172	26,590	62,762
		Depreciation
		At 1 June 2025	29,573	19,787	49,360
		Charge for the year	990	6,648	7,638


		Disposals	-	(19,787)	(19,787)
		At 31 May 2026	30,563	6,648	37,211
		Net book values
		At 31 May 2026	5,609	19,942	25,551
		At 31 May 2025	6,599	8,213	14,812

6	Stocks
			2026	2025
			£	£
		Stocks	809,488	1,027,226


			809,488	1,027,226

7	Debtors
			2026	2025
			£	£
		Trade debtors	477,875	400,660





		Other debtors	26,019	32,974

			503,894	433,634

8	Creditors:
		amounts falling due within one year
			2026	2025
			£	£


		Bank loan due to Covid-19	1,676	21,444

		Trade creditors	419,973	471,206

		Taxes and social security	27,933	(84,839)
		Loans from directors	18,005	18,710
		Other creditors	108,120	216,882

			575,707	643,403

9	Creditors:
		amounts falling due after more than one year
			2026	2025
			£	£


		Bank loan due to Covid-19	-	872





			-	872

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.