REGISTERED NUMBER: 01342778 (England and Wales)

THE HULL FLOORING COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S A Dawson

M J Merryweather

Mrs C C Wilson

SECRETARY:

Mrs C C Wilson

REGISTERED OFFICE:

Lee Smith Street

Hedon Road

Hull

HU9 1SD

REGISTERED NUMBER:

01342778 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Tangible assets

4

87,903

97,720

CURRENT ASSETS

Stocks

5

31,952

36,190

Debtors

6

781,792

921,088

Cash at bank and in hand

168,436

127,655

982,180

1,084,933

CREDITORS

Amounts falling due within one year

7

128,004

127,461

NET CURRENT ASSETS

854,176

957,472

TOTAL ASSETS LESS CURRENT LIABILITIES

942,079

1,055,192

CREDITORS

Amounts falling due after more than one year

8

(5,000

)

(25,000

)

PROVISIONS FOR LIABILITIES

(17,019

)

(25,895

)

NET ASSETS

920,060

1,004,297

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

919,960

1,004,197

SHAREHOLDERS' FUNDS

920,060

1,004,297

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 19 June 2026 and were signed on its behalf by:

S A Dawson - Director

M J Merryweather - Director

1.	STATUTORY INFORMATION

The Hull Flooring Company Limited is a private company, limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at Lee Smith Street, Hedon Road, East Yorkshire, HU9 1SD.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

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 finance lease, over the lease term, whichever is the shorter.

Freehold property - 2% on straight line basis

Plant and equipment - 10% to 33% on a straight line basis

Motor vehicles - 25% on reducing balance basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis.

In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

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.

Pension costs and other post-retirement benefits

The company contributes to defined contribution pension schemes. Contributions payable for the year are charged in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2025

59,773

153,221

212,994

Additions

8,023

12,798

20,821

At 31 December 2025

67,796

166,019

233,815

DEPRECIATION

At 1 January 2025

42,871

72,403

115,274

Charge for year

4,269

26,369

30,638

At 31 December 2025

47,140

98,772

145,912

NET BOOK VALUE

At 31 December 2025

20,656

67,247

87,903

At 31 December 2024

16,902

80,818

97,720

5.

STOCKS

2025

2024

£

£

Stocks

31,195

33,004

Work-in-progress

757

3,186

31,952

36,190

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

141,792

226,952

Amounts owed by group undertakings

611,359

666,598

Corporation tax

987

-

Prepayments

27,654

27,538

781,792

921,088

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

20,000

20,000

Trade creditors

35,381

75,626

Tax

-

4,676

Social security and other taxes

9,357

10,513

Other creditors

17,778

7,624

Accrued expenses

45,488

9,022

128,004

127,461

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

5,000

25,000

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Maxen Ltd.

The ultimate controlling party is the Directors.