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REGISTERED NUMBER: 06534537 (England and Wales)
















Financial Statements

for the Year Ended 31 March 2018

for

Stroud Carpets Limited

Stroud Carpets Limited (Registered number: 06534537)

Contents of the Financial Statements
for the Year Ended 31 March 2018










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 4

Notes to the Financial Statements 6


Stroud Carpets Limited

Company Information
for the Year Ended 31 March 2018







DIRECTOR: S A Graley





REGISTERED OFFICE: Gouldings Estate
Stroud Road
Nailsworth
STROUD
Gloucestershire
GL6 0BE





REGISTERED NUMBER: 06534537 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
Chartered Accountants
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Stroud Carpets Limited


The following reproduces the text of the report prepared for the director in respect of the company's
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only
required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other
primary statements and the Report of the Director are not required to be filed with the Registrar of
Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your
approval the financial statements of Stroud Carpets Limited for the year ended 31 March 2018 which
comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the
company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Stroud Carpets Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Stroud Carpets Limited and state those matters that we have agreed to state to the director of Stroud Carpets Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stroud Carpets Limited and its director for our work or for this report.

It is your duty to ensure that Stroud Carpets Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Stroud Carpets Limited. You consider that Stroud Carpets Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Stroud Carpets Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GCSD Accountants Limited
Chartered Accountants
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT



Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Stroud Carpets Limited


12 November 2018

Stroud Carpets Limited (Registered number: 06534537)

Balance Sheet
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,000 30,000
Tangible assets 5 8,654 12,120
23,654 42,120

CURRENT ASSETS
Stocks 95,000 95,000
Debtors 6 82,285 73,744
Cash at bank 86,770 94,390
264,055 263,134
CREDITORS
Amounts falling due within one year 7 179,090 196,890
NET CURRENT ASSETS 84,965 66,244
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,619

108,364

CREDITORS
Amounts falling due after more than
one year

8

(3,382

)

(42,269

)

PROVISIONS FOR LIABILITIES (1,224 ) (1,462 )
NET ASSETS 104,013 64,633

Stroud Carpets Limited (Registered number: 06534537)

Balance Sheet - continued
31 March 2018

2018 2017
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Capital redemption reserve 1 1
Retained earnings 104,011 64,631
SHAREHOLDERS' FUNDS 104,013 64,633

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 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 12 November 2018 and were signed by:





S A Graley - Director


Stroud Carpets Limited (Registered number: 06534537)

Notes to the Financial Statements
for the Year Ended 31 March 2018


1. STATUTORY INFORMATION

Stroud Carpets 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, 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.
Improvements to property - 20% on cost
Equipment - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 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.

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.

Stroud Carpets Limited (Registered number: 06534537)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 150,000
AMORTISATION
At 1 April 2017 120,000
Charge for year 15,000
At 31 March 2018 135,000
NET BOOK VALUE
At 31 March 2018 15,000
At 31 March 2017 30,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2017 33,726
Additions 1,041
At 31 March 2018 34,767
DEPRECIATION
At 1 April 2017 21,606
Charge for year 4,507
At 31 March 2018 26,113
NET BOOK VALUE
At 31 March 2018 8,654
At 31 March 2017 12,120

Stroud Carpets Limited (Registered number: 06534537)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 76,751 68,655
Other debtors 5,534 5,089
82,285 73,744

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 38,943 38,224
Trade creditors 49,090 56,493
Taxation and social security 54,002 73,896
Other creditors 37,055 28,277
179,090 196,890

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Bank loans 3,382 42,269

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2018 2017
£    £   
Within one year 374 374
Between one and five years - 374
374 748