DMG Floorcare Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 11

DMG Floorcare Ltd

Company Information

Directors

M B Grant D Grant

Company secretary

D Grant

Registered office

172 Kelvinhaugh Street Glasgow G3 8PR

DMG Floorcare Ltd

(Registration number: SC351715)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	120,859	69,698
Current assets
Stocks	5	166,485	124,600
Debtors	6	316,128	281,732
Cash at bank and in hand		33,243	35,825
		515,856	442,157
Creditors: Amounts falling due within one year	7	(361,432)	(274,356)
Net current assets		154,424	167,801
Total assets less current liabilities		275,283	237,499
Creditors: Amounts falling due after more than one year	7	(48,541)	(34,927)
Provisions for liabilities		(18,262)	(9,376)
Net assets		208,480	193,196
Capital and reserves
Called up share capital	8	101	100
Retained earnings		208,379	193,096
Shareholders' funds		208,480	193,196

For the financial year ending 30 November 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 July 2026 and signed on its behalf by:
 

DMG Floorcare Ltd

(Registration number: SC351715)
Balance Sheet as at 30 November 2025

......................................... M B Grant Director

......................................... D Grant Company secretary and director

DMG Floorcare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
172 Kelvinhaugh Street
Glasgow
G3 8PR

The principal place of business is:
35 Colquhoun Avenue
Hillington Park
Glasgow
G52 4BN

These financial statements were authorised for issue by the Board on 29 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

DMG Floorcare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

2	Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance
Plant and machinery	20% reducing balance
Office equipment	33% reducing balance
Fixtures and fittings	20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

DMG Floorcare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

2	Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

DMG Floorcare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

2	Accounting policies (continued)

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2024 - 11).

DMG Floorcare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Motor vehicles  £
Cost or valuation
At 1 December 2024	11,669	26,534	24,928	163,504
Additions	795	-	1,233	87,902
Disposals	-	-	-	(54,000)
At 30 November 2025	12,464	26,534	26,161	197,406
Depreciation
At 1 December 2024	11,204	25,403	21,891	98,439
Charge for the year	251	226	1,423	24,054
Eliminated on disposal	-	-	-	(41,185)
At 30 November 2025	11,455	25,629	23,314	81,308
Carrying amount
At 30 November 2025	1,009	905	2,847	116,098
At 30 November 2024	465	1,131	3,037	65,065

	Total £
Cost or valuation
At 1 December 2024	226,635
Additions	89,930
Disposals	(54,000)
At 30 November 2025	262,565
Depreciation
At 1 December 2024	156,937
Charge for the year	25,954
Eliminated on disposal	(41,185)
At 30 November 2025	141,706
Carrying amount
At 30 November 2025	120,859
At 30 November 2024	69,698

DMG Floorcare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

5

Stocks

	2025 £	2024 £
Work in progress	1,850	1,520
Finished goods and goods for resale	164,635	123,080
	166,485	124,600

6

Debtors

Current	2025 £	2024 £
Trade debtors	237,705	149,644
Prepayments	11,478	12,175
Other debtors	66,945	119,913
	316,128	281,732

DMG Floorcare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		121,013	112,813
Trade creditors		130,758	58,254
Taxation and social security		92,376	94,568
Accruals and deferred income		10,210	6,995
Other creditors		7,075	1,726
		361,432	274,356

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		48,541	34,927

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	101	101	100	100

9	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	75,554	52,196
Later than one year and not later than five years	126,541	106,227
	202,095	158,423

The amount of non-cancellable operating lease payments recognised as an expense during the year was £26,000 (2024 - £26,000).

DMG Floorcare Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

10	Related party transactions

Transactions with directors

2025	At 1 December 2024 £	Advances to director £	Repayments by director £	At 30 November 2025 £
D Grant
	-	-	-	-
loan to director	35,134	41,150	(42,812)	33,472
	35,134	41,150	(42,812)	33,472
M B Grant
	-	-	-	-
loan to director	35,134	41,150	(42,812)	33,472
	35,134	41,150	(42,812)	33,472

2024	At 1 December 2023 £	Advances to director £	Repayments by director £	At 30 November 2024 £
D Grant
	-	-	-	-
loan to director	34,296	39,750	(38,912)	35,134
	34,296	39,750	(38,912)	35,134
M B Grant
	-	-	-	-
loan to director	34,296	39,750	(38,912)	35,134
	34,296	39,750	(38,912)	35,134