Pica Floorings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01118744 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2026

FOR

PICA FLOORINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S W Mears

SECRETARY:

Mrs G Mears

REGISTERED OFFICE:

Unit 6

M11 Business Link

Stansted

Essex

CM24 8GF

REGISTERED NUMBER:

01118744 (England and Wales)

ACCOUNTANTS:

RP Accounting

Crinoline House

Common Road

East Tuddenham

Dereham

Norfolk

NR20 3NF

FIXED ASSETS

Property, plant and equipment

4

82,611

110,147

Investments

5

831,115

-

913,726

110,147

CURRENT ASSETS

Inventories

104,411

71,446

Debtors

6

469,894

1,470,422

Cash at bank and in hand

220,350

229,546

794,655

1,771,414

CREDITORS

Amounts falling due within one year

7

283,859

480,107

NET CURRENT ASSETS

510,796

1,291,307

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,424,522

1,401,454

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

1,424,422

1,401,354

SHAREHOLDERS' FUNDS

1,424,522

1,401,454

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

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

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd July 2026 and were signed by:

S W Mears - Director

1.	STATUTORY INFORMATION

Pica Floorings Limited is a private company, limited by shares , registered in England and Wales. 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2025 - 17 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1st June 2025

and 31st May 2026

401,388

DEPRECIATION

At 1st June 2025

291,241

Charge for year

27,536

At 31st May 2026

318,777

NET BOOK VALUE

At 31st May 2026

82,611

At 31st May 2025

110,147

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

Additions

831,115

At 31st May 2026

831,115

NET BOOK VALUE

At 31st May 2026

831,115

During the year, the company acquired unlisted equity investments in two companies both of whom are related parties.

The fair value of the investments at the acquisition date was assessed at £831,115, being both the cost of acquisition and fair value in accordance with FRS 102.

Both companies are related parties, as each are owned by either a director or a shareholder.The consideration for both transactions was at arms length.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

Trade debtors

412,932

542,554

Other debtors

56,962

927,868

469,894

1,470,422

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

Trade creditors

107,693

175,471

Taxation and social security

36,145

46,045

Other creditors

140,021

258,591

283,859

480,107

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.26

31.5.25

value:

£

60

Ordinary Shares

£1.00

60

20

Ordinary A Shares

£1.00

20

Ordinary B shares

£1.00

20

100

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S W Mears who owns 50% of the ordinary shares in the company and is also Chairman.