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REGISTERED NUMBER: 00400249 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2023

for

CARTERS CONTRACT FLOORING UK LIMITED

CARTERS CONTRACT FLOORING UK LIMITED (REGISTERED NUMBER: 00400249)

Contents of the Financial Statements
for the year ended 31 January 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

CARTERS CONTRACT FLOORING UK LIMITED

Company Information
for the year ended 31 January 2023







Directors: J Byworth
J M Randle





Registered office: 1141a Axis Centre
Cleeve Road
Leatherhead
Surrey
KT22 7RD





Registered number: 00400249 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
Aissela
46 High Street
Esher
Surrey
KT10 9QY

CARTERS CONTRACT FLOORING UK LIMITED (REGISTERED NUMBER: 00400249)

Statement of Financial Position
31 January 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 22,280 30,965

Current assets
Stocks 23,135 60,915
Debtors 5 2,937,647 3,430,552
Cash at bank and in hand 90,619 51
3,051,401 3,491,518
Creditors
Amounts falling due within one year 6 910,077 1,322,672
Net current assets 2,141,324 2,168,846
Total assets less current liabilities 2,163,604 2,199,811

Creditors
Amounts falling due after more than one
year

7

85,030

131,687
Net assets 2,078,574 2,068,124

Capital and reserves
Called up share capital 8 2,000 2,000
Retained earnings 2,076,574 2,066,124
Shareholders' funds 2,078,574 2,068,124

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2023 and were signed on its behalf by:





J M Randle - Director


CARTERS CONTRACT FLOORING UK LIMITED (REGISTERED NUMBER: 00400249)

Notes to the Financial Statements
for the year ended 31 January 2023


1. Statutory information

Carters Contract Flooring UK 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 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.

Going Concern
The company's forecasts and projections, taking account of reasonably foreseeable changes in trading performance, show that the company should be able to meet its obligations as they fall due. The directors do not believe that covid will have a significant impact on the business, and as such no specific considerations have been made when looking forward.

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Key source of estimation, uncertainty and judgement
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

(i) Useful economic lives of tangible assets
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical, condition of the assets.

(ii) Stock provisioning
When calculating the stocks provision, management considers the nature and condition of the stock, as well as applying assumptions around anticipating saleability of finished goods.

(iii) Impairment of debtors
The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers multiple factors regarding their recoverability.

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.
Improvements to property - 20% on cost
Fixtures and fittings - 33% on cost and 25% on reducing balance
Motor vehicles - 20% on cost

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

CARTERS CONTRACT FLOORING UK LIMITED (REGISTERED NUMBER: 00400249)

Notes to the Financial Statements - continued
for the year ended 31 January 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 the profit and loss account on a straight line basis over the life of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. The annual instalments charged to the profit and loss account are fixed under the terms of the scheme and the company has no potential liability other than for the payment of these instalments. There were no outstanding or prepaid contributions at the year end.


3. Employees and directors

The average number of employees during the year was 11 (2022 - 11 ) .

CARTERS CONTRACT FLOORING UK LIMITED (REGISTERED NUMBER: 00400249)

Notes to the Financial Statements - continued
for the year ended 31 January 2023


4. Tangible fixed assets
Fixtures
Improvements Plant and and Motor
to property machinery fittings vehicles Totals
£ £ £ £ £
Cost
At 1 February 2022
and 31 January 2023 48,439 248 104,256 41,200 194,143
Depreciation
At 1 February 2022 48,439 143 102,579 12,017 163,178
Charge for year - 27 418 8,240 8,685
At 31 January 2023 48,439 170 102,997 20,257 171,863
Net book value
At 31 January 2023 - 78 1,259 20,943 22,280
At 31 January 2022 - 105 1,677 29,183 30,965

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 895,184 1,228,393
Amounts owed by group undertakings 1,944,520 2,053,007
Other debtors 41,333 45,024
VAT 40,653 89,492
Prepayments 15,957 14,636
2,937,647 3,430,552

6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 37,500 112,769
Hire purchase contracts 9,156 9,156
Trade creditors 664,599 970,678
Amounts owed to group undertakings 4,420 1,920
Corporation tax payable 22,859 43,855
Social security and other taxes 23,514 47,261
Other creditors 79,829 79,830
Accrued expenses 68,200 57,203
910,077 1,322,672

Bank loans and overdrafts are secured over the assets of the company.

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans - 1-2 years 37,500 37,500
Bank loans - 2-5 years 34,375 71,875
Hire purchase contracts 13,155 22,312
85,030 131,687

Bank loans and overdrafts are secured over the assets of the company.

CARTERS CONTRACT FLOORING UK LIMITED (REGISTERED NUMBER: 00400249)

Notes to the Financial Statements - continued
for the year ended 31 January 2023


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1,000 Ordinary £1 1,000 1,000
1,000 Ordinary B £1 1,000 1,000
2,000 2,000

The above shares rank pari passu except that the B shareholders have no right to vote at general meetings.

9. Related party disclosures

As at the reporting date, Carters (Furnishings) Limited, a company incorporated in England and Wales, is the immediate parent company. The ultimate controlling party is Jail Holdings Limited.

The company has taken advantage of exemptions within Financial Reporting Standard 102 (Section 1A) not to disclose transactions with wholly owned group undertakings.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Carters Contract Flooring UK Limited


The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors 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 Carters Contract Flooring UK Limited for the year ended 31 January 2023 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity 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 Board of Directors of Carters Contract Flooring UK Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Carters Contract Flooring UK Limited and state those matters that we have agreed to state to the Board of Directors of Carters Contract Flooring UK Limited, as a body, 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 Carters Contract Flooring UK Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Carters Contract Flooring UK 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 Carters Contract Flooring UK Limited. You consider that Carters Contract Flooring UK 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 Carters Contract Flooring UK 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.






Haines Watts
Chartered Accountants
Aissela
46 High Street
Esher
Surrey
KT10 9QY


14 October 2023