Newcastle Flooring NUL Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15401531

Newcastle Flooring NUL Limited

Filleted Unaudited Financial Statements

31 January 2026

Newcastle Flooring NUL Limited

Statement of Financial Position

31 January 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	6	286,690	11,739

Current assets

Stocks		8,851	100
Debtors	7	55,499	43,980
Cash at bank and in hand		64,686	39,620
		---------	--------
		129,036	83,700

Creditors: amounts falling due within one year	8	146,439	53,450
		---------	--------
Net current (liabilities)/assets		( 17,403)	30,250
		---------	--------
Total assets less current liabilities		269,287	41,989

Creditors: amounts falling due after more than one year	9	163,815	–

Provisions	6,546	2,935
	---------	--------
Net assets	98,926	39,054
	---------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	98,925	39,053
	--------	--------
Member's funds	98,926	39,054
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors' responsibilities: - The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476; - The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

Newcastle Flooring NUL Limited

Statement of Financial Position (continued)

31 January 2026

These financial statements were approved by the board of directors and authorised for issue on 1 July 2026 , and are signed on behalf of the board by:

C P A Furnival

Director

Company registration number: 15401531

Newcastle Flooring NUL Limited

Notes to the Financial Statements

Year ended 31 January 2026

1. Statutory information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Citadel, Albert Street, Chesterton, Newcastle, ST5 7JF, England.

2. Statement of compliance

These financial statements have been prepared in compliance with the provision of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and Companies Act 2006.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

(c) Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

(d) Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

(e) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

(f) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	20% reducing balance
Office equipment	-	20% reducing balance

(g) Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

(h) Stocks

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

(i) Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

(j) Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2025: 1 ).

5. Directors' remuneration

The directors' aggregate remuneration in respect of qualifying services was:

		Period from
	Year to	9 Jan 24 to
	31 Jan 26	31 Jan 25
	£	£
Remuneration	40,614	–
	--------	----

6. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Office equipment	Total
	£	£	£	£	£	£
Cost
At 1 Feb 2025	–	2,500	–	10,000	–	12,500
Additions	260,508	10,110	6,236	–	1,848	278,702
	---------	--------	-------	--------	-------	---------
At 31 Jan 2026	260,508	12,610	6,236	10,000	1,848	291,202
	---------	--------	-------	--------	-------	---------
Depreciation
At 1 Feb 2025	–	94	–	667	–	761
Charge for the year	–	1,174	493	1,867	217	3,751
	---------	--------	-------	--------	-------	---------
At 31 Jan 2026	–	1,268	493	2,534	217	4,512
	---------	--------	-------	--------	-------	---------
Carrying amount
At 31 Jan 2026	260,508	11,342	5,743	7,466	1,631	286,690
	---------	--------	-------	--------	-------	---------
At 31 Jan 2025	–	2,406	–	9,333	–	11,739
	---------	--------	-------	--------	-------	---------

7. Debtors

	2026	2025
	£	£
Trade debtors	29,614	26,099
Prepayments and accrued income	3,779	407
Other debtors	22,106	17,474
	--------	--------
	55,499	43,980
	--------	--------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loan	6,872	–
Trade creditors	17,468	3,441
Accruals and deferred income	10,480	11,722
Corporation tax	20,805	13,845
Social security and other taxes	8,120	3,424
Director loan accounts	82,694	21,018
	---------	--------
	146,439	53,450
	---------	--------

The bank loan is secured by a fixed and floating charge over the present and future assets of the company.

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loan	163,815	–
	---------	----

Included within creditors: amounts falling due after more than one year is an amount of £131,189 in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

The bank loan is secured by a fixed and floating charge over the present and future assets of the company.

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	3,907	–
Later than 1 year and not later than 5 years	1,302	–
	-------	----
	5,209	–
	-------	----

11. Related party transactions

C P A Furnival is a related party by virtue of his directorship of and shareholding in the company. P S Furnival is a related party by virtue of his directorship of the company. During the year, C P A Furnival operated a director's loan account with the company such that, at the year end, he was owed the sum of £ 82,694 (2025: £ 21,018 ). This loan was interest free, unsecured and repayable on demand. During the year, the company paid dividends to C P A Furnival in the sum of £ 21,650 (2025: £ 15,580 ).