REGISTERED NUMBER: NI602589 (Northern Ireland)

Unaudited Financial Statements for the Year Ended 30 June 2026

for

City Flooring Centre Ltd

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTORS:

Mark Doherty

John Doherty

REGISTERED OFFICE:

145 North Street

Belfast

Co. Antrim

BT1 1NE

REGISTERED NUMBER:

NI602589 (Northern Ireland)

ACCOUNTANTS:

Drake Wells Stewart Limited

Chartered Accountants

1st Floor

34 B-D Main Street

Moira

Armagh

BT67 0LE

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

133,257

26,329

133,257

26,329

CURRENT ASSETS

Stocks

7

53,369

54,750

Debtors

8

520,353

510,507

Cash at bank and in hand

625,431

572,507

1,199,153

1,137,764

CREDITORS

Amounts falling due within one year

9

301,057

298,434

NET CURRENT ASSETS

898,096

839,330

TOTAL ASSETS LESS CURRENT LIABILITIES

1,031,353

865,659

CREDITORS

Amounts falling due after more than one year

10

(89,128

)

-

PROVISIONS FOR LIABILITIES

11

(33,314

)

(6,582

)

NET ASSETS

908,911

859,077

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

908,811

858,977

SHAREHOLDERS' FUNDS

908,911

859,077

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 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 4 September 2026 and were signed on its behalf by:

Mark Doherty - Director

John Doherty - Director

1.	STATUTORY INFORMATION

City Flooring Centre Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

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

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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on Reducing Balance

Motor vehicles

-

25% on Reducing Balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment ar recognised in the profit and loss account in other administrative expenses.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit and loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 5 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2025

and 30 June 2026

419,213

AMORTISATION

At 1 July 2025

and 30 June 2026

419,213

NET BOOK VALUE

At 30 June 2026

-

At 30 June 2025

-

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 July 2025

56,710

61,856

28,880

147,446

Additions

-

3,259

126,303

129,562

At 30 June 2026

56,710

65,115

155,183

277,008

DEPRECIATION

At 1 July 2025

42,367

51,089

27,661

121,117

Charge for year

3,588

2,953

16,093

22,634

At 30 June 2026

45,955

54,042

43,754

143,751

NET BOOK VALUE

At 30 June 2026

10,755

11,073

111,429

133,257

At 30 June 2025

14,343

10,767

1,219

26,329

7.

STOCKS

30.6.26

30.6.25

£

£

Stocks

53,369

54,750

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.26

30.6.25

£

£

S455 Tax

122,133

122,133

Other debtors

22,431

-

Directors' current accounts

356,749

366,039

Prepayments

19,040

22,335

520,353

510,507

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.26

30.6.25

£

£

Hire purchase contracts

12,123

-

Trade creditors

201,479

190,219

Taxation and social security

79,922

98,683

Other creditors

7,533

9,532

301,057

298,434

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.26

30.6.25

£

£

Hire purchase contracts

89,128

-

11.	PROVISIONS FOR LIABILITIES

30.6.26

30.6.25

£

£

Deferred tax

Accelerated capital allowances

33,314

6,582

Deferred

tax

£

Balance at 1 July 2025

6,582

Provided during year

26,732

Movement in period

Balance at 30 June 2026

33,314

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.26

30.6.25

value:

£

£

100

Ordinary

£1

100

100

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2026 and 30 June 2025:

30.6.26

30.6.25

£

£

Mark Doherty

Balance outstanding at start of year

300,583

291,072

Amounts advanced

74,828

84,511

Amounts repaid

(75,000

)

(75,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

300,411

300,583

John Doherty

Balance outstanding at start of year

65,455

67,721

Amounts advanced

38,609

45,461

Amounts repaid

(47,726

)

(47,727

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

56,338

65,455

The directors loan accounts are repayable upon demand. The company charges a commercial rate of interest on these loans.

14.	ULTIMATE CONTROLLING PARTY

The directors are considered to be the ultimate controlling party by virtue of their ability to act in concert in respect of the operational and financial policies of the company.