REGISTERED NUMBER: 01337234 (England and Wales)

Financial Statements

for the Year Ended 30 September 2025

for

MJF SPECIALIST FLOORING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B Duffy

Mr C Whalen

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

01337234 (England and Wales)

ACCOUNTANTS:

JLA Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Intangible assets

4

175,000

200,000

Tangible assets

5

188,621

118,406

363,621

318,406

CURRENT ASSETS

Stocks

6

50,000

129,000

Debtors

7

1,217,223

783,296

Cash at bank

158,873

9,171

1,426,096

921,467

CREDITORS

Amounts falling due within one year

8

1,438,176

891,201

NET CURRENT (LIABILITIES)/ASSETS

(12,080

)

30,266

TOTAL ASSETS LESS CURRENT LIABILITIES

351,541

348,672

CREDITORS

Amounts falling due after more than one year

9

(119,153

)

(104,200

)

PROVISIONS FOR LIABILITIES

10

(3,154

)

(3,154

)

NET ASSETS

229,234

241,318

CAPITAL AND RESERVES

Called up share capital

11

1,002

1,002

Retained earnings

12

228,232

240,316

SHAREHOLDERS' FUNDS

229,234

241,318

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2026 and were signed on its behalf by:

Mr B Duffy - Director

1.	STATUTORY INFORMATION

MJF Specialist Flooring Ltd 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.

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

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, 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

Computer equipment

-

Straight line over 3 years

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 16 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

250,000

AMORTISATION

At 1 October 2024

50,000

Amortisation for year

25,000

At 30 September 2025

75,000

NET BOOK VALUE

At 30 September 2025

175,000

At 30 September 2024

200,000

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 October 2024

134,093

43,187

2,402

179,682

Additions

23,289

85,418

1,511

110,218

At 30 September 2025

157,382

128,605

3,913

289,900

DEPRECIATION

At 1 October 2024

44,772

15,520

984

61,276

Charge for year

4,782

34,301

920

40,003

Reclassification/transfer

90,372

(90,372

)

-

-

At 30 September 2025

139,926

(40,551

)

1,904

101,279

NET BOOK VALUE

At 30 September 2025

17,456

169,156

2,009

188,621

At 30 September 2024

89,321

27,667

1,418

118,406

6.

STOCKS

30.9.25

30.9.24

£

£

Stocks

50,000

129,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

1,050,304

669,924

Amounts owed by group undertakings

36,106

35,237

Other debtors

68,462

4,691

VAT

-

38,546

Prepayments and accrued income

62,351

34,898

1,217,223

783,296

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Hire purchase contracts

31,823

29,290

Trade creditors

684,591

435,040

Tax

83,959

15,751

Social security and other taxes

87,458

26,793

VAT

72,968

-

Other creditors

283,349

272,882

Accruals and deferred income

194,028

111,445

1,438,176

891,201

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Hire purchase contracts

104,522

56,652

Amounts owed to group undertakings

14,631

47,548

119,153

104,200

10.	PROVISIONS FOR LIABILITIES

30.9.25

30.9.24

£

£

Deferred tax

3,154

3,154

Deferred

tax

£

Balance at 1 October 2024

3,154

Balance at 30 September 2025

3,154

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

£

1,000

Ordinary

£1

1,000

1,000

1

B Ordinary

£1

1

1

1

C Ordinary

£1

1

1

1,002

1,002

12.

RESERVES

Retained

earnings

£

At 1 October 2024

240,316

Profit for the year

176,124

Dividends

(188,208

)

At 30 September 2025

228,232

13.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed an amount of £10,004 (2024: £31,937) by MJF Group Holdings, £24,558 (2024: £3,000) by MJF Ireland, £1,534 (2024: £300) by MJF Refit & Refurbishment Ltd and owed £14,631(2024 : £47,548) to MJF Facilities Management Ltd.