REGISTERED NUMBER: 08089095 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2026

FOR

IRONWOOD FLOORING SERVICES LTD

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

DIRECTOR:

Mr J Huntington

REGISTERED OFFICE:

61 Charlotte Street

St Pauls Square

Birmingham

B3 1PX

REGISTERED NUMBER:

08089095 (England and Wales)

ACCOUNTANTS:

C J Petty Limited

Chartered Accountants

Chestnut House

High Offley Road

Woodseaves

Stafford

Staffordshire

ST20 0LG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

73,544

66,756

73,544

66,756

CURRENT ASSETS

Stocks

10,751

21,115

Debtors

6

158,750

178,592

Cash at bank

24,174

48,811

193,675

248,518

CREDITORS

Amounts falling due within one year

7

130,356

160,040

NET CURRENT ASSETS

63,319

88,478

TOTAL ASSETS LESS CURRENT LIABILITIES

136,863

155,234

CREDITORS

Amounts falling due after more than one year

8

-

(3,434

)

PROVISIONS FOR LIABILITIES

(9,650

)

(9,840

)

NET ASSETS

127,213

141,960

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

127,113

141,860

SHAREHOLDERS' FUNDS

127,213

141,960

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 & loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 September 2026 and were signed by:

Mr J Huntington - Director

1.	STATUTORY INFORMATION

Ironwood Flooring Services 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.

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 2012, 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.

Short leasehold

-

20% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

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 Profit & 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.

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 2 (2025 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2025

and 31 May 2026

50,000

AMORTISATION

At 1 June 2025

and 31 May 2026

50,000

NET BOOK VALUE

At 31 May 2026

-

At 31 May 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 June 2025

4,240

56,705

661

Additions

1,850

29,330

-

At 31 May 2026

6,090

86,035

661

DEPRECIATION

At 1 June 2025

4,240

30,975

572

Charge for year

370

13,765

22

At 31 May 2026

4,610

44,740

594

NET BOOK VALUE

At 31 May 2026

1,480

41,295

67

At 31 May 2025

-

25,730

89

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 June 2025

163,406

4,597

229,609

Additions

-

-

31,180

At 31 May 2026

163,406

4,597

260,789

DEPRECIATION

At 1 June 2025

123,075

3,991

162,853

Charge for year

10,083

152

24,392

At 31 May 2026

133,158

4,143

187,245

NET BOOK VALUE

At 31 May 2026

30,248

454

73,544

At 31 May 2025

40,331

606

66,756

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

22,263

22,105

Amounts owed by associates

136,487

156,487

158,750

178,592

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

3,434

8,621

Trade creditors

7,446

61,201

Taxation and social security

8,983

16,608

Other creditors

110,493

73,610

130,356

160,040

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

-

3,434

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100