FLOORS DIRECT MIDLANDS LTD

	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—6

Registered number: 7212141

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,801,938		1,795,542

			1,801,938		1,795,542
CURRENT ASSETS
Stocks	5	395,610		380,430
Debtors	6	29,268		15,132
Cash at bank and in hand		54,153		191,066

		479,031		586,628
Creditors: Amounts Falling Due Within One Year	7	(344,901 )		(419,514 )

NET CURRENT ASSETS (LIABILITIES)			134,130		167,114

TOTAL ASSETS LESS CURRENT LIABILITIES			1,936,068		1,962,656

Creditors: Amounts Falling Due After More Than One Year	8		(315,290 )		(338,316 )

NET ASSETS			1,620,778		1,624,340

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			1,620,678		1,624,240

SHAREHOLDERS' FUNDS			1,620,778		1,624,340

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FLOORS DIRECT MIDLANDS LTD

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his 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 Ifran Lal

Director

05/10/2026

The notes on pages 4 to 6 form part of these financial statements.

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 February 2024	100	1,618,196	1,618,296
Profit for the year and total comprehensive income	-	39,946	39,946

Dividends paid	-	(33,902)	(33,902)

As at 31 January 2025 and 1 February 2025	100	1,624,240	1,624,340


Profit for the year and total comprehensive income	-	19,213	19,213

Dividends paid	-	(22,775)	(22,775)

As at 31 January 2026	100	1,620,678	1,620,778

1. General Information

FLOORS DIRECT MIDLANDS LTD Registered number 7212141 is a limited by shares company incorporated in England & Wales. The Registered Office is 79 Tyburn Road, Erdington, Birmingham, West Midlands, B24 8NP.

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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.4. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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:

Freehold	0
Motor Vehicles	20%
Fixtures & Fittings	20%
Computer Equipment	20%

2.6. Investment Properties

Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.

Investment properties shall be included in the balance sheet at their market value.

2.7. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

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FLOORS DIRECT MIDLANDS LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.8. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.9. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.10. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.11. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

2.12. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2025: 8)

4. Tangible Assets

	Land & Property
	Freehold	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 February 2025	1,776,423	73,611	34,701	545	1,885,280
Additions	16,167	-	-	-	16,167

As at 31 January 2026	1,792,590	73,611	34,701	545	1,901,447

Depreciation
As at 1 February 2025	-	66,204	23,425	109	89,738
Provided during the period	-	7,407	2,255	109	9,771

As at 31 January 2026	-	73,611	25,680	218	99,509

...CONTINUED

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FLOORS DIRECT MIDLANDS LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

Net Book Value
As at 31 January 2026	1,792,590	-	9,021	327	1,801,938

As at 1 February 2025	1,776,423	7,407	11,276	436	1,795,542

5. Stocks

	2026	2025
	£	£
Finished goods	395,610	380,430

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	29,268	-
Other debtors	-	15,132

	29,268	15,132

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	254,596	201,721
Corporation tax	25,078	55,370
Other taxes and social security	4,953	11,476
VAT	54,662	107,207
Net wages	4,756	4,797
Other creditors	490	405
Director's loan account	366	38,538

	344,901	419,514

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

	2026	2025
	£	£
Bank loans	315,290	338,316

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

10. Directors Advances, Credits and Guarantees

Dividends paid to directors

11. Ultimate Controlling Party

The company's ultimate controlling party is Mr Ifran Lal by virtue of his ownership of 51% of the issued share capital in the company.

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