Skirting World Ltd

	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—7

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 September 2023	200	5,727,322	5,727,522
Profit for the year and total comprehensive income	-	1,569,548	1,569,548

Dividends paid	-	(75,000)	(75,000)

As at 31 August 2024 and 1 September 2024	200	7,221,870	7,222,070


Profit for the year and total comprehensive income	-	1,666,901	1,666,901

Dividends paid	-	(8,540,986)	(8,540,986)

As at 31 August 2025	200	347,785	347,985

1. General Information

Skirting World Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07759073 . The registered office is Unit 25, Thompson Drive, Gravelly Industrial Park, Birmingham, B24 8HZ.

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

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue represents the fair value of consideration received or receivable for the sale of skirting boards, architraves, and related goods, net of discounts, returns, and value-added tax (VAT).

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

-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 with ownership nor effective control over the goods sold;

-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 is recognised at the point in time when the goods are delivered to the customer and legal title has passed, which is typically upon delivery unless otherwise contractually agreed. Delivery is considered to have occurred when the customer takes physical possession of the goods and has accepted them in accordance with the terms of sale.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20%
Motor Vehicles	20%
Fixtures & Fittings	20%
Computer Equipment	20%

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

Page 4

Page 5

Skirting World Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, was: 46 (2024: 24)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 September 2024	708,490	236,828	56,654	32,946	1,034,918
Additions	10,020	-	12,244	2,407	24,671

As at 31 August 2025	718,510	236,828	68,898	35,353	1,059,589

Depreciation
As at 1 September 2024	401,542	122,150	36,976	13,668	574,336
Provided during the period	63,394	22,935	6,385	4,337	97,051

As at 31 August 2025	464,936	145,085	43,361	18,005	671,387

Net Book Value
As at 31 August 2025	253,574	91,743	25,537	17,348	388,202

As at 1 September 2024	306,948	114,678	19,678	19,278	460,582

Page 5

Page 6

Skirting World Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 September 2024	-
Additions	34

As at 31 August 2025	34

Provision
As at 1 September 2024	-

As at 31 August 2025	-

Net Book Value
As at 31 August 2025	34

As at 1 September 2024	-

6. Stocks

	2025	2024
	£	£
Stock	386,119	416,454

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	104,994	39,176
Other debtors	398,207	1,897,698

	503,201	1,936,874
Due after more than one year
Amounts owed by participating interests	-	4,451,147

	503,201	6,388,021

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	14,717	14,717
Trade creditors	620,883	1,085,511
Other creditors	416,818	536,357
Taxation and social security	352,751	755,888

	1,405,169	2,392,473

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	60,880	75,561

Page 6

Page 7

Skirting World Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	14,717	14,717
Later than one year and not later than five years	60,880	75,561

	75,597	90,278

	75,597	90,278

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	200	200

12. Other Commitments

Operating Lease Commitments:

Operating lease payments represent rentals payable by Skirting World Ltd for the warehouse and office units.

At the reporting end date Skirting World Ltd has outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

	2025	2024
	£	£
Not later than one year	412,630	253,920
Later than one year and not later than five years	1,650,520	1,142,640

	2,063,150	1,396,560

13. Audit Information

The auditor's report on the accounts of Skirting World Ltd for the year ended 31 August 2025 was unqualified.

The auditor's report was signed by Azhar Ahmed , Statutory Auditor.

Pertax Accountancy Ltd

Quatro House, Frimley Road

Camberley

GU16 7ER

Page 7

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		388,202		460,582
Investments	5		34		-

			388,236		460,582
CURRENT ASSETS
Stocks	6	386,119		416,454
Debtors	7	503,201		6,388,021
Cash at bank and in hand		614,922		2,517,501

		1,504,242		9,321,976
Creditors: Amounts Falling Due Within One Year	8	(1,405,169 )		(2,392,473 )

NET CURRENT ASSETS (LIABILITIES)			99,073		6,929,503

TOTAL ASSETS LESS CURRENT LIABILITIES			487,309		7,390,085

Creditors: Amounts Falling Due After More Than One Year	9		(60,880 )		(75,561 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(78,444 )		(92,454 )

NET ASSETS			347,985		7,222,070

CAPITAL AND RESERVES
Called up share capital	11		200		200
Profit and Loss Account			347,785		7,221,870

SHAREHOLDERS' FUNDS			347,985		7,222,070