Topps Tiles is stockpiling key products ahead of the UK's exit from the European Union as it prepares for possible supply disruption.

The retailer said it would increase stock levels of 'key selling lines' ahead of March 2019, echoing the likes of Premier Foods and Pets at Home which have also said they will store products in case of disruption.

It came as Topps Tiles unveiled a 25 per cent decline in profits for the year to September 29, as it absorbed the costs of integrating its newly acquired commercial business.

Topps Tiles like-for-like sales were negative in the first 8 weeks of the new financial year

Parkside, which the group acquired in November last year, made a loss of £1.1million in the period and diluted margins.

This trading performance is expected to continue into the next financial year while Topps Tiles invests more into its new addition before it becomes profitable.

Adjusted profit before tax, which excludes one-off and fluctuating costs, declined by 14% to £16 million.

Overall group revenue was 2.4 per cent higher at £216.9million.

The inside of a Topps Tiles store - the firm has explored new formats to reach new shoppers

Like-for-like sales have been negative in the first eight weeks of the current financial year versus tough comparatives.

But chief executive Matthew Williams said: 'Whilst retaining a cautious view on the outlook, we remain confident that our expansion into the commercial tile market, coupled with our market-leading retail operation, gives us a solid platform for future growth.'

Shares in Topps Tiles were down more than 3 per cent in early trading.