REGISTERED NUMBER: 00508205 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2026

FOR

FLUDES (CARPETS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P J Hebditch

Mr A R Laird

Mrs Y I Murrin

SECRETARY:

Mrs Y I Murrin

REGISTERED OFFICE:

Denton Island

Denton Island

Newhaven

East Sussex

BN9 9BB

REGISTERED NUMBER:

00508205 (England and Wales)

ACCOUNTANTS:

Honey Barrett Limited

53 Gildredge Road

Eastbourne

East Sussex

BN21 4SF

FIXED ASSETS

Tangible assets

5

491,597

753,262

Investments

6

19,427

19,427

511,024

772,689

CURRENT ASSETS

Stocks

7

160,853

137,284

Debtors

8

260,431

234,253

Cash at bank and in hand

225,605

252,738

646,889

624,275

CREDITORS

Amounts falling due within one year

9

603,988

553,074

NET CURRENT ASSETS

42,901

71,201

TOTAL ASSETS LESS CURRENT LIABILITIES

553,925

843,890

PROVISIONS FOR LIABILITIES

11

-

123,397

NET ASSETS

553,925

720,493

CAPITAL AND RESERVES

Called up share capital

12

46,000

46,000

Revaluation reserve

393,739

529,528

Capital redemption reserve

108,001

108,001

Retained earnings

6,185

36,964

SHAREHOLDERS' FUNDS

553,925

720,493

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2026 and were signed on its behalf by:

Mrs Y I Murrin - Director

Mr P J Hebditch - Director

1.	STATUTORY INFORMATION

Fludes (Carpets) 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover 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.

Freehold property

-

2% on cost

Short leasehold

-

In accordance with lease term

Fixtures and fittings

-

33% on cost and 20% on cost

Motor vehicles

-

25% on cost

All fixed assets are initially recorded at cost.

Stocks

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

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. 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 conditions.

At each reporting date, an assessment is made for the impairment due to obsolescence or slow movement. Any excess of the carrying amount of stocks over its estimates selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2025 - 25 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Short

and

Motor

property

leasehold

fittings

vehicles

Totals

£

£

£

£

£

COST OR VALUATION

At 1 May 2025

835,000

81,861

185,365

58,347

1,160,573

Additions

-

-

-

7,995

7,995

Disposals

-

-

-

(58,347

)

(58,347

)

Revaluations

(260,000

)

-

-

-

(260,000

)

At 30 April 2026

575,000

81,861

185,365

7,995

850,221

DEPRECIATION

At 1 May 2025

102,386

67,091

179,487

58,347

407,311

Charge for year

2,825

2,146

4,289

400

9,660

Eliminated on disposal

-

-

-

(58,347

)

(58,347

)

At 30 April 2026

105,211

69,237

183,776

400

358,624

NET BOOK VALUE

At 30 April 2026

469,789

12,624

1,589

7,595

491,597

At 30 April 2025

732,614

14,770

5,878

-

753,262

Cost or valuation at 30 April 2026 is represented by:

Freehold

Property

£

Valuation in 2025

653,739

Valuation in 2026

(260,000

)

Cost

181,261

575,000

6.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 May 2025

and 30 April 2026

19,427

NET BOOK VALUE

At 30 April 2026

19,427

At 30 April 2025

19,427

7.

STOCKS

2026

2025

£

£

Stocks

160,853

137,284

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

177,198

152,840

Amounts owed by group undertakings

850

86

Other debtors

540

1,091

Deferred tax asset

1,112

-

Prepayments and accrued income

80,731

80,236

260,431

234,253

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

199,942

189,618

Corporation tax

2,150

-

PAYE and social security

9,148

10,275

VAT

56,792

39,417

Other creditors

10,596

16,986

Directors' current accounts

1,560

1,560

Accruals and deferred income

323,800

295,218

603,988

553,074

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

120,242

159,628

Between one and five years

45,700

165,863

165,942

325,491

11.	PROVISIONS FOR LIABILITIES

2025

£

Deferred tax

Accelerated capital allowances

(404

)

Tax losses carried forward

(409

)

Other timing differences

124,210

123,397

Deferred tax

£

Balance at 1 May 2025

123,397

Provided during year

(124,509

)

Balance at 30 April 2026

(1,112

)

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

46,000

Ordinary A

£1

46,000

46,000

13.	ULTIMATE CONTROLLING PARTY

The parent company of Fludes (Carpets) Limited is Ouse Valley Investments Limited (11310935) and its registered office is Denton Island, Newhaven, East Sussex, BN9 9BB.