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REGISTERED NUMBER: 08872054 (England and Wales)






















West Derby Carpets Online Ltd

Unaudited Financial Statements

for the Year Ended 31 August 2022






West Derby Carpets Online Ltd (Registered number: 08872054)






Contents of the Financial Statements
for the year ended 31 August 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


West Derby Carpets Online Ltd

Company Information
for the year ended 31 August 2022







DIRECTOR: R L Mansfield





REGISTERED OFFICE: 269 Blackmoor Drive
West Derby
Liverpool
Merseyside
L12 3HA





REGISTERED NUMBER: 08872054 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Adelphi Chambers
30 Hoghton Street
Southport
Merseyside
PR9 0NZ

West Derby Carpets Online Ltd (Registered number: 08872054)

Balance Sheet
31 August 2022

2022 2021
Notes £ £
FIXED ASSETS
Intangible assets 4 12,646 7,533
Tangible assets 5 412,573 414,138
425,219 421,671

CURRENT ASSETS
Stocks 23,600 24,950
Debtors 6 104,319 10,295
Cash at bank 41,112 71,205
169,031 106,450
CREDITORS
Amounts falling due within one year 7 (241,588 ) (173,240 )
NET CURRENT LIABILITIES (72,557 ) (66,790 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

352,662

354,881

CREDITORS
Amounts falling due after more than one year 8 (201,800 ) (217,465 )

PROVISIONS FOR LIABILITIES 10 (32,730 ) (24,200 )
NET ASSETS 118,132 113,216

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 83,700 90,396
Retained earnings 34,332 22,720
SHAREHOLDERS' FUNDS 118,132 113,216

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 October 2023 and were signed by:



R L Mansfield - Director


West Derby Carpets Online Ltd (Registered number: 08872054)

Notes to the Financial Statements
for the year ended 31 August 2022

1. STATUTORY INFORMATION

West Derby Carpets Online 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

West Derby Carpets Online Ltd (Registered number: 08872054)

Notes to the Financial Statements - continued
for the year ended 31 August 2022

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 September 2021 8,000
Additions 6,570
At 31 August 2022 14,570
AMORTISATION
At 1 September 2021 467
Charge for year 1,457
At 31 August 2022 1,924
NET BOOK VALUE
At 31 August 2022 12,646
At 31 August 2021 7,533

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Improvements and Computer
property to property fittings equipment Totals
£ £ £ £ £
COST OR VALUATION
At 1 September 2021
and 31 August 2022 400,000 5,900 9,578 4,250 419,728
DEPRECIATION
At 1 September 2021 - - 4,636 954 5,590
Charge for year - - 741 824 1,565
At 31 August 2022 - - 5,377 1,778 7,155
NET BOOK VALUE
At 31 August 2022 400,000 5,900 4,201 2,472 412,573
At 31 August 2021 400,000 5,900 4,942 3,296 414,138

Cost or valuation at 31 August 2022 is represented by:

Fixtures
Freehold Improvements and Computer
property to property fittings equipment Totals
£ £ £ £ £
Valuation in 2017 36,600 - - - 36,600
Valuation in 2019 75,000 - - - 75,000
Cost 288,400 5,900 9,578 4,250 308,128
400,000 5,900 9,578 4,250 419,728

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade debtors 10,130 10,295
Amounts owed by group undertakings 94,189 -
104,319 10,295

West Derby Carpets Online Ltd (Registered number: 08872054)

Notes to the Financial Statements - continued
for the year ended 31 August 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Bank loans and overdrafts 60,806 28,952
Trade creditors 128,504 66,240
Amounts owed to group undertakings - 8,198
Taxation and social security 49,428 67,000
Other creditors 2,850 2,850
241,588 173,240

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£ £
Bank loans 201,800 217,465

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£ £
Bank overdrafts 4,024 11,366
Bank loans 258,582 235,051
262,606 246,417

The Company's bankers hold a debenture over the Freehold Land & Buildings.

10. PROVISIONS FOR LIABILITIES
2022 2021
£ £
Deferred tax 32,730 24,200

Deferred tax
£
Balance at 1 September 2021 24,200
Provided during year 8,530
Balance at 31 August 2022 32,730

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £ £
100 Ordinary £1 100 100

12. RESERVES
Fair value
reserve
£
At 1 September 2021 90,396
Deferred Tax (6,696 )

At 31 August 2022 83,700