Registration number: 04634118

N. C. Flooring Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

N. C. Flooring Limited

(Registration number: 04634118)
Balance Sheet as at 28 February 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	106,458	112,818
Current assets
Stocks	5	18,729	28,992
Debtors	6	128,039	156,727
Cash at bank and in hand		281,973	187,766
		428,741	373,485
Creditors: Amounts falling due within one year	7	(56,052)	(36,049)
Net current assets		372,689	337,436
Total assets less current liabilities		479,147	450,254
Provisions for liabilities		(3,625)	(4,833)
Net assets		475,522	445,421
Capital and reserves
Called up share capital		100	100
Retained earnings		475,422	445,321
Shareholders' funds		475,522	445,421

For the financial year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 September 2026 and signed on its behalf by:
 

......................................... N M Cunningham Director

N. C. Flooring Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Marston Road
Frome
Somerset
BA11 4DA

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements, and is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

N. C. Flooring Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties, over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% on reducing balance
Tools and equipment	25% on reducing balance
Computer equipment	25% on cost

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business, and are recognised at the transaction price, less provision for impairment, which is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers, and are recognised initially at the transaction price.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2025 - 7).

N. C. Flooring Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 March 2025	87,380	8,175	88,564	184,119
At 28 February 2026	87,380	8,175	88,564	184,119
Depreciation
At 1 March 2025	-	7,272	64,029	71,301
Charge for the year	-	226	6,134	6,360
At 28 February 2026	-	7,498	70,163	77,661
Net book value
At 28 February 2026	87,380	677	18,401	106,458
At 28 February 2025	87,380	903	24,535	112,818

5

Stocks

	2026 £	2025 £
Work in progress	13,461	24,130
Stock	5,268	4,862
	18,729	28,992

6

Debtors

	2026 £	2025 £
Trade debtors	123,276	148,818
Other debtors	4,763	7,909
	128,039	156,727

N. C. Flooring Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

7

Creditors

Amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	17,151	24,453
Taxation and social security	32,438	6,379
Other creditors	4,623	4,442
Loan from directors	1,840	775
	56,052	36,049