GB Flooring (North East) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06756334

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		50,086		11,615

			50,086		11,615
CURRENT ASSETS
Stocks	5	127,500		103,000
Debtors	6	482,101		216,303
Cash at bank and in hand		298,922		239,952

		908,523		559,255
Creditors: Amounts Falling Due Within One Year	7	(1,046,780 )		(584,844 )

NET CURRENT ASSETS (LIABILITIES)			(138,257 )		(25,589 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(88,171 )		(13,974 )

Creditors: Amounts Falling Due After More Than One Year	8		-		(14,812 )

NET LIABILITIES			(88,171 )		(28,786 )

CAPITAL AND RESERVES
Called up share capital	9		102		102
Profit and Loss Account			(88,273 )		(28,888 )

SHAREHOLDERS' FUNDS			(88,171)		(28,786)

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GB Flooring (North East) Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Gareth Booth Director	Mr Andrew Birbeck Director
13th April 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

GB Flooring (North East) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06756334 . The registered office is Unit 15b North Seaton Industrial Estate, Ashington, Northumberland, NE63 0YB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that payment is made.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	6yr - 10yr SL
Plant & Machinery	7yr SL
Fixtures & Fittings	3yr SL
Computer Equipment	3yr SL

Leasehold assets are depreciated over their useful economic lives or, if shorter, the term of the lease

2.4. Stocks and Work in Progress

Stock is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. There is no WIP within this company.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2024: 11)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2025	5,245	4,767	5,560	-	15,572
Additions	-	25,821	17,078	579	43,478

As at 31 December 2025	5,245	30,588	22,638	579	59,050

...CONTINUED

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GB Flooring (North East) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Depreciation
As at 1 January 2025	226	1,133	2,598	-	3,957
Provided during the period	308	1,603	3,054	42	5,007

As at 31 December 2025	534	2,736	5,652	42	8,964

Net Book Value
As at 31 December 2025	4,711	27,852	16,986	537	50,086

As at 1 January 2025	5,019	3,634	2,962	-	11,615

5. Stocks

	2025	2024
	£	£
Stock.	127,500	103,000

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	81,015	84,615
Prepayments and accrued income	43,881	34,997
Other debtor	120,630	2,128
Directors' loan accounts	236,575	94,563

	482,101	216,303

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	141,069	132,260
Bank loans and overdrafts	4,414	-
Corporation tax	79,844	-
Other taxes and social security	10,712	6,169
VAT	27,826	40,457
Other creditors	9,882	7,504
Accruals	773,033	398,454

	1,046,780	584,844

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	14,812

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	102	102

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GB Flooring (North East) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2025
	£	£	£	£	£
Mr Gareth Booth	59,191	65,167	-	-	124,358
Mr Andrew Birbeck	35,371	76,845	-	-	112,216

The above loans are unsecured, interest is charged annually at 3.75% of loan, and loans are repayable on demand.

11. Off-Balance Sheet Arrangements

The total commitments under non-cancellable operating leases over the remaining life of those leases was £658,522 (2024 - £519,718)

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