REGISTERED NUMBER: SC524394 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

LB Flooring Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr L F Brown

Mrs J Brown

REGISTERED OFFICE:

57 Forman Drive

Peterhead

Aberdeenshire

AB42 2XH

REGISTERED NUMBER:

SC524394 (Scotland)

ACCOUNTANTS:

SBP

Accountants

27 Finlayson Street

Fraserburgh

Aberdeenshire

AB43 9JQ

FIXED ASSETS

Tangible assets

4

17,956

22,282

CURRENT ASSETS

Debtors

5

24,503

11,210

Cash at bank

19,589

22,645

44,092

33,855

CREDITORS

Amounts falling due within one year

6

25,906

26,138

NET CURRENT ASSETS

18,186

7,717

TOTAL ASSETS LESS CURRENT LIABILITIES

36,142

29,999

CREDITORS

Amounts falling due after more than one year

7

(5,190

)

(9,004

)

PROVISIONS FOR LIABILITIES

(3,412

)

(4,234

)

NET ASSETS

27,540

16,761

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

27,538

16,759

27,540

16,761

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2026 and were signed on its behalf by:

Mr L F Brown - Director

1.	STATUTORY INFORMATION

LB Flooring Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover represents amounts (excluding value added tax) derived from the provision of services to customers. Revenue is recognised at the point services are provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Tools & equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Tools &

Motor

Computer

equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

12,823

29,275

725

42,823

Additions

1,459

-

224

1,683

At 31 March 2026

14,282

29,275

949

44,506

DEPRECIATION

At 1 April 2025

7,008

12,808

725

20,541

Charge for year

1,818

4,117

74

6,009

At 31 March 2026

8,826

16,925

799

26,550

NET BOOK VALUE

At 31 March 2026

5,456

12,350

150

17,956

At 31 March 2025

5,815

16,467

-

22,282

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2025

and 31 March 2026

29,275

DEPRECIATION

At 1 April 2025

7,319

Charge for year

4,117

At 31 March 2026

11,436

NET BOOK VALUE

At 31 March 2026

17,839

At 31 March 2025

21,956

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

23,626

10,474

Other debtors

877

736

24,503

11,210

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

-

2,092

Hire purchase contracts

3,460

3,460

Taxation and social security

12,049

7,591

Other creditors

10,397

12,995

25,906

26,138

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

-

354

Hire purchase contracts

5,190

8,650

5,190

9,004

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr L F Brown.