2022-04-01 04294931 2023-03-31 04294931 2022-04-01 2023-03-31 04294931 2022-03-31 04294931 2021-04-01 2022-03-31 04294931 uk-core:WithinOneYear 2022-03-31 04294931 uk-core:WithinOneYear 2023-03-31 04294931 uk-core:AfterOneYear 2022-03-31 04294931 uk-core:AfterOneYear 2023-03-31 04294931 uk-core:ShareCapital 2023-03-31 04294931 uk-core:ShareCapital 2022-03-31 04294931 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 04294931 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 04294931 uk-bus:Director1 2022-04-01 2023-03-31 04294931 uk-core:LandBuildings 2022-04-01 2023-03-31 04294931 uk-core:ToolsEquipment 2022-04-01 2023-03-31 04294931 uk-core:CommercialMotorVehicles 2022-04-01 2023-03-31 04294931 uk-core:FurnitureFittings 2022-04-01 2023-03-31 04294931 uk-core:ToolsEquipment 2022-03-31 04294931 uk-core:FurnitureFittings 2022-03-31 04294931 uk-core:CommercialMotorVehicles 2022-03-31 04294931 uk-core:LandBuildings 2022-03-31 04294931 uk-core:CommercialMotorVehicles 2023-03-31 04294931 uk-core:FurnitureFittings 2023-03-31 04294931 uk-core:ToolsEquipment 2023-03-31 04294931 uk-core:LandBuildings 2023-03-31 04294931 uk-core:WithinOneYear 2023-03-31 04294931 uk-core:WithinOneYear 2022-03-31 04294931 uk-core:AfterOneYear uk-core:Secured 2023-03-31 04294931 uk-core:AfterOneYear uk-core:Secured 2022-03-31 iso4217:GBP xbrli:pure 04294931 uk-bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04294931 uk-bus:FRS102 2022-04-01 2023-03-31 04294931 uk-bus:FullAccounts 2022-04-01 2023-03-31 04294931 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
McLeod Carpets Limited
Registered Number:04294931
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
McLeod Carpets Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04294931
As at 31 March 2023
McLeod Carpets Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
22,323
23,766
2
22,323
23,766
Current assets
Inventories
95,162
126,224
3
Trade and other receivables
17,922
22,041
4
67,685
Cash and cash equivalents
21,174
169,439
180,769
Trade and other payables: amounts falling due within one year
(134,772)
(184,845)
5
45,997
(15,406)
Net current liabilities
Total assets less current liabilities
6,917
69,763
Trade and other payables: amounts falling due after more than one year
(31,667)
(29,798)
6
(22,881)
Net assets/liabilities
38,096
Capital and reserves
Called up share capital
25,000
25,000
Retained earnings
(47,881)
13,096
(22,881)
38,096
Shareholders' funds
For the year ended 31 March 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Andrew Nicholas McLeod Director
These financial statements were approved and authorised for issue by the Board on 05 October 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2023
McLeod Carpets Limited
Notes to the Financial Statements
Statutory Information
McLeod Carpets Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 04294931.
Principal place of business:
T/A United Carpets & Beds
Chatham Rd
Off Bristol Rd South
Northfield, Birmingham
B31 2PD
Registered address:
Horizon House
2 Whiting Street
Sheffield
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
10% Straight line
25% Straight line
Computer equipment
25% Straight line
Motor vehicles
10% Straight line
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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5
For the year ended 31 March 2023
McLeod Carpets Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and fittings
Motor vehicles
Land and buildings
£
£
£
£
£
Cost or valuation
At 01 April 2022
74,199
5,690
16,714
49,995
1,800
6,850
-
6,850
-
-
Additions
-
-
(14,495)
-
Disposals
(14,495)
At 31 March 2023
35,500
23,564
5,690
66,554
1,800
Provision for depreciation and impairment
At 01 April 2022
50,433
5,690
13,327
29,616
1,800
Charge for year
8,294
-
1,629
6,665
-
(14,496)
-
-
(14,496)
-
On disposal
At 31 March 2023
44,231
5,690
14,956
21,785
1,800
At 31 March 2023
Net book value
-
13,715
8,608
-
22,323
At 31 March 2022
-
20,379
3,387
-
23,766
3. Inventories
2022
2023
£
£
Stocks
126,224
95,162
4. Trade and other receivables
2022
2023
£
£
Other debtors
22,041
17,922
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
23,362
10,000
Trade creditors
89,369
40,115
Taxation and social security
18,459
11,294
Other creditors
53,655
73,363
184,845
134,772
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6
For the year ended 31 March 2023
McLeod Carpets Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
29,798
31,667
7. Average number of persons employed
During the year the average number of employees was 4 (2022 : 4)
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