2022-04-01 04173105 2023-03-31 04173105 2022-04-01 2023-03-31 04173105 2022-03-31 04173105 2021-04-01 2022-03-31 04173105 uk-core:WithinOneYear 2022-03-31 04173105 uk-core:WithinOneYear 2023-03-31 04173105 uk-core:AfterOneYear 2022-03-31 04173105 uk-core:AfterOneYear 2023-03-31 04173105 uk-core:ShareCapital 2023-03-31 04173105 uk-core:ShareCapital 2022-03-31 04173105 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 04173105 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 04173105 uk-bus:Director1 2022-04-01 2023-03-31 04173105 uk-core:NetGoodwill 2022-04-01 2023-03-31 04173105 uk-core:Buildings 2022-04-01 2023-03-31 04173105 uk-core:ToolsEquipment 2022-04-01 2023-03-31 04173105 uk-core:MotorVehicles 2022-04-01 2023-03-31 04173105 uk-core:FurnitureFittings 2022-04-01 2023-03-31 04173105 uk-core:ToolsEquipment 2022-03-31 04173105 uk-core:FurnitureFittings 2022-03-31 04173105 uk-core:MotorVehicles 2022-03-31 04173105 uk-core:Buildings 2022-03-31 04173105 uk-core:MotorVehicles 2023-03-31 04173105 uk-core:FurnitureFittings 2023-03-31 04173105 uk-core:ToolsEquipment 2023-03-31 04173105 uk-core:Buildings 2023-03-31 04173105 uk-core:AfterOneYear uk-core:Secured 2023-03-31 04173105 uk-core:AfterOneYear uk-core:Secured 2022-03-31 iso4217:GBP xbrli:pure 04173105 uk-bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04173105 uk-bus:FRS102 2022-04-01 2023-03-31 04173105 uk-bus:FullAccounts 2022-04-01 2023-03-31 04173105 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
Logan Carpets Limited
Registered Number:04173105
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
Logan Carpets Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04173105
As at 31 March 2023
Logan Carpets Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
15,434
4,567
2
15,434
4,567
Current assets
Inventories
133,476
151,431
3
Trade and other receivables
17,929
10,084
4
713,520
Cash and cash equivalents
761,542
923,057
864,925
Trade and other payables: amounts falling due within one year
(234,871)
(227,415)
5
630,054
695,642
Net current assets
Total assets less current liabilities
711,076
634,621
Trade and other payables: amounts falling due after more than one year
(41,613)
(31,613)
6
679,463
Net assets
593,008
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
678,463
592,008
679,463
593,008
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 director acknowledges his 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.
Dawn Natalie Logan Director
These financial statements were approved and authorised for issue by the Board on 03 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
Logan Carpets Limited
Notes to the Financial Statements
Statutory Information
Logan Carpets Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 04173105.
Principal place of business:
T/A United Carpets & Beds
Clarence Road
Worksop
S80 1DJ
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.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 10 years.
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
20% 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.
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5
For the year ended 31 March 2023
Logan 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
43,359
1,710
28,812
9,000
3,837
14,295
-
14,295
-
-
Additions
At 31 March 2023
9,000
43,107
1,710
57,654
3,837
Provision for depreciation and impairment
At 01 April 2022
38,792
1,710
27,620
5,625
3,837
Charge for year
3,428
-
1,178
2,250
-
At 31 March 2023
42,220
1,710
28,798
7,875
3,837
At 31 March 2023
Net book value
-
1,125
14,309
-
15,434
At 31 March 2022
-
3,375
1,192
-
4,567
3. Inventories
2022
2023
£
£
Stocks
151,431
133,476
4. Trade and other receivables
2022
2023
£
£
Other debtors
10,084
17,929
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
102,632
108,641
Taxation and social security
56,538
59,789
Other creditors
68,245
66,441
227,415
234,871
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6
For the year ended 31 March 2023
Logan 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
31,613
41,613
7. Average number of persons employed
During the year the average number of employees was 10 (2022 : 9)
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