IRIS Accounts Production v23.2.0.158 03238235 Board of Directors 1.9.21 31.8.22 31.8.22 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh032382352021-08-31032382352022-08-31032382352021-09-012022-08-31032382352020-08-31032382352020-09-012021-08-31032382352021-08-3103238235ns10:Originalns15:EnglandWales2021-09-012022-08-3103238235ns14:PoundSterlingns10:Original2021-09-012022-08-3103238235ns10:Originalns10:Director12021-09-012022-08-3103238235ns10:Original2021-09-012022-08-3103238235ns10:Original2022-08-3103238235ns10:Originalns10:PrivateLimitedCompanyLtd2021-09-012022-08-3103238235ns10:Originalns10:SmallEntities2021-09-012022-08-3103238235ns10:Originalns10:AuditExempt-NoAccountantsReport2021-09-012022-08-3103238235ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2021-09-012022-08-3103238235ns10:SmallCompaniesRegimeForAccountsns10:Original2021-09-012022-08-3103238235ns10:Originalns10:FullAccounts2021-09-012022-08-3103238235ns10:Originalns10:OrdinaryShareClass12021-09-012022-08-3103238235ns10:Originalns10:Director22021-09-012022-08-3103238235ns10:CompanySecretary1ns10:Original2021-09-012022-08-3103238235ns10:Originalns10:RegisteredOffice2021-09-012022-08-3103238235ns10:Original2021-08-3103238235ns10:Originalns5:CurrentFinancialInstruments2022-08-3103238235ns10:Originalns5:CurrentFinancialInstruments2021-08-3103238235ns10:Originalns5:Non-currentFinancialInstruments2022-08-3103238235ns10:Originalns5:Non-currentFinancialInstruments2021-08-3103238235ns5:ShareCapitalns10:Original2022-08-3103238235ns5:ShareCapitalns10:Original2021-08-3103238235ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-08-3103238235ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-08-3103238235ns10:Originalns5:PlantMachinery2021-09-012022-08-3103238235ns10:Original2020-09-012021-08-3103238235ns10:Originalns5:LandBuildings2021-08-3103238235ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2021-08-3103238235ns10:Originalns5:PlantMachinery2021-08-3103238235ns10:Original2021-08-3103238235ns10:Originalns5:LandBuildings2021-09-012022-08-3103238235ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2021-09-012022-08-3103238235ns10:Originalns5:LandBuildings2022-08-3103238235ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-08-3103238235ns10:Originalns5:PlantMachinery2022-08-3103238235ns10:Originalns5:LandBuildings2021-08-3103238235ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2021-08-3103238235ns10:Originalns5:PlantMachinery2021-08-3103238235ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3103238235ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-08-3103238235ns10:Originalns5:DeferredTaxation2021-08-3103238235ns10:Originalns5:DeferredTaxation2021-09-012022-08-3103238235ns10:Originalns5:DeferredTaxation2022-08-3103238235ns10:Originalns10:OrdinaryShareClass12022-08-3103238235ns10:Original1ns10:Director12021-08-3103238235ns10:Original1ns10:Director12020-08-3103238235ns10:Original1ns10:Director12021-09-012022-08-3103238235ns10:Original1ns10:Director12020-09-012021-08-3103238235ns10:Original1ns10:Director12022-08-3103238235ns10:Original1ns10:Director12021-08-31
REGISTERED NUMBER: 03238235 (England and Wales)






















West Derby Carpets & Blinds Limited

Unaudited Financial Statements

for the Year Ended 31 August 2022






West Derby Carpets & Blinds Limited (Registered number: 03238235)






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 & Blinds Limited

Company Information
for the year ended 31 August 2022







DIRECTORS: R L Mansfield
Mrs S E Mansfield





SECRETARY: H Mansfield





REGISTERED OFFICE: Adelphi Chambers
30 Hoghton Street
Southport
Merseyside
PR9 0NZ





REGISTERED NUMBER: 03238235 (England and Wales)





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

West Derby Carpets & Blinds Limited (Registered number: 03238235)

Balance Sheet
31 August 2022

2022 2021
Notes £ £
FIXED ASSETS
Tangible assets 4 315,328 304,628

CURRENT ASSETS
Stocks 30,600 28,950
Debtors 5 432,804 202,518
Cash at bank 10,013 21,082
473,417 252,550
CREDITORS
Amounts falling due within one year 6 (396,900 ) (256,283 )
NET CURRENT ASSETS/(LIABILITIES) 76,517 (3,733 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

391,845

300,895

CREDITORS
Amounts falling due after more than one year 7 (50,795 ) (65,741 )

PROVISIONS FOR LIABILITIES 8 (9,181 ) (6,441 )
NET ASSETS 331,869 228,713

CAPITAL AND RESERVES
Called up share capital 9 50 50
Retained earnings 331,819 228,663
SHAREHOLDERS' FUNDS 331,869 228,713

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 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2023 and were signed on its behalf by:





R L Mansfield - Director


West Derby Carpets & Blinds Limited (Registered number: 03238235)

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

1. STATUTORY INFORMATION

West Derby Carpets & Blinds 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 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.

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.
Plant and machinery - 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2021 - 16 ) .

West Derby Carpets & Blinds Limited (Registered number: 03238235)

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

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery Totals
£ £ £ £
COST
At 1 September 2021 230,000 42,041 106,556 378,597
Additions - - 16,836 16,836
At 31 August 2022 230,000 42,041 123,392 395,433
DEPRECIATION
At 1 September 2021 - - 73,969 73,969
Charge for year - - 6,136 6,136
At 31 August 2022 - - 80,105 80,105
NET BOOK VALUE
At 31 August 2022 230,000 42,041 43,287 315,328
At 31 August 2021 230,000 42,041 32,587 304,628

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade debtors 301,416 106,275
Amounts owed by group undertakings - 8,198
Other debtors 131,388 88,045
432,804 202,518

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Bank loans and overdrafts 4,151 7,744
Hire purchase contracts 6,946 6,946
Trade creditors 136,147 109,171
Amounts owed to group undertakings 94,189 -
Taxation and social security 111,241 73,184
Other creditors 44,226 59,238
396,900 256,283

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£ £
Hire purchase contracts 15,045 21,991
Other creditors 35,750 43,750
50,795 65,741

8. PROVISIONS FOR LIABILITIES
2022 2021
£ £
Deferred tax 9,181 6,441

West Derby Carpets & Blinds Limited (Registered number: 03238235)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred tax
£
Balance at 1 September 2021 6,441
Provided during year 2,740
Balance at 31 August 2022 9,181

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £ £
50 Ordinary £1 50 50

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2022 and 31 August 2021:

2022 2021
£ £
R L Mansfield
Balance outstanding at start of year 85,882 39,451
Amounts advanced 132,864 171,833
Amounts repaid (87,358 ) (125,402 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 131,388 85,882

The overdrawn loan balance with the director was partially repaid within 9 months of the year end and interest has been charged at HMRC rates.