REGISTERED NUMBER: 11673868 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2025

for

ITC NATURAL LUXURY FLOORING LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

Mrs C Appennini

R Welles

REGISTERED OFFICE:

Greendale House

Whitestone Business Park

Hereford

HR1 3SE

REGISTERED NUMBER:

11673868 (England and Wales)

ACCOUNTANTS:

Trustige Limited

4th Floor, Portman House,

2 Portman Street

London

W1H 6DU

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

Mrs C Appennini

R Welles

Other changes in directors holding office are as follows:

D B H De Bruin - resigned 28 May 2025

A Venugopal ceased to be a director after 31 December 2025 but prior to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

R Welles - Director

21 August 2026

TURNOVER

1,559,401

1,724,062

Cost of sales

1,342,764

1,408,223

GROSS PROFIT

216,637

315,839

Distribution costs

9,735

18,539

Administrative expenses

634,650

668,449

644,385

686,988

(427,748

)

(371,149

)

Other operating income

2,306

-

OPERATING LOSS

(425,442

)

(371,149

)

Interest payable and similar expenses

85,784

71,122

LOSS BEFORE TAXATION

(511,226

)

(442,271

)

Tax on loss

-

-

LOSS FOR THE FINANCIAL YEAR

(511,226

)

(442,271

)

CURRENT ASSETS

Stocks

279,519

304,550

Debtors

4

262,980

365,050

Cash at bank

25,573

142,584

568,072

812,184

CREDITORS

Amounts falling due within one year

5

171,580

590,323

NET CURRENT ASSETS

396,492

221,861

TOTAL ASSETS LESS CURRENT LIABILITIES

396,492

221,861

CREDITORS

Amounts falling due after more than one year

6

1,566,977

881,120

NET LIABILITIES

(1,170,485

)

(659,259

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(1,170,486

)

(659,260

)

(1,170,485

)

(659,259

)

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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2026 and were signed on its behalf by:

R Welles - Director

1.	STATUTORY INFORMATION

ITC Natural Luxury Flooring 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

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

Stocks

Stocks 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2024 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

261,528

293,629

Other debtors

1,452

71,421

262,980

365,050

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Payments on account

3,593

13,087

Trade creditors

68,985

99,790

Taxation and social security

74,744

81,837

Other creditors

24,258

395,609

171,580

590,323

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

1,566,977

881,120

7.	ULTIMATE CONTROLLING PARTY