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REGISTERED NUMBER: 04406513 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

NEW HOMES CARPETING LIMITED

NEW HOMES CARPETING LIMITED (REGISTERED NUMBER: 04406513)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


NEW HOMES CARPETING LIMITED

COMPANY INFORMATION
for the year ended 31 March 2018







DIRECTORS: Mr R Freedman
Mr N Hutson
Mr J Freedman





SECRETARY: Mrs J Freedman





REGISTERED OFFICE: 19 - 20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 04406513 (England and Wales)






NEW HOMES CARPETING LIMITED (REGISTERED NUMBER: 04406513)

ABRIDGED BALANCE SHEET
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 489,979 381,731

CURRENT ASSETS
Stocks 20,250 6,750
Debtors 1,875,476 2,214,660
Cash at bank and in hand 795,892 201,043
2,691,618 2,422,453
CREDITORS
Amounts falling due within one year 1,121,638 1,179,002
NET CURRENT ASSETS 1,569,980 1,243,451
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,059,959

1,625,182

CREDITORS
Amounts falling due after more than one
year

5

(166,519

)

(132,536

)

PROVISIONS FOR LIABILITIES (68,595 ) (5,228 )
NET ASSETS 1,824,845 1,487,418

CAPITAL AND RESERVES
Called up share capital 1,001 1,001
Retained earnings 1,823,844 1,486,417
1,824,845 1,487,418

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

NEW HOMES CARPETING LIMITED (REGISTERED NUMBER: 04406513)

ABRIDGED BALANCE SHEET - continued
31 March 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 6 November 2018 and were signed on its behalf
by:





Mr R Freedman - Director


NEW HOMES CARPETING LIMITED (REGISTERED NUMBER: 04406513)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2018

1. STATUTORY INFORMATION

New Homes Carpeting Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 10% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% 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 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.

NEW HOMES CARPETING LIMITED (REGISTERED NUMBER: 04406513)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2018

2. ACCOUNTING POLICIES - continued

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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising
from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2017 - 25 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2017 581,688
Additions 167,194
At 31 March 2018 748,882
DEPRECIATION
At 1 April 2017 199,957
Charge for year 58,946
At 31 March 2018 258,903
NET BOOK VALUE
At 31 March 2018 489,979
At 31 March 2017 381,731

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2018 2017
£    £   
Repayable by instalments
Bank Loans 63,245 103,185

6. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 134,245 146,124

The bank loan is secured by a first legal charge over the property.