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Eddolls Carpets Ltd

Unaudited Financial Statements

for the Year Ended

31 March 2023






Eddolls Carpets Ltd (Registered number: 06997606)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eddolls Carpets Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: D Griffin





REGISTERED OFFICE: 30 Broad Street
Alresford
Hampshire
SO24 9AQ





REGISTERED NUMBER: 06997606 (England and Wales)





ACCOUNTANTS: David Tilsley Limited
91 Lakewood Road
Chandlers Ford
Eastleigh
Hampshire
SO53 5AD

Eddolls Carpets Ltd (Registered number: 06997606)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 38,959 51,945
Tangible assets 5 10,596 10,411
49,555 62,356

CURRENT ASSETS
Stocks 26,244 38,026
Debtors 6 56,389 41,887
Cash at bank and in hand 108,562 159,244
191,195 239,157
CREDITORS
Amounts falling due within one year 7 149,372 179,833
NET CURRENT ASSETS 41,823 59,324
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,378

121,680

CREDITORS
Amounts falling due after more than one year 8 (18,778 ) (26,741 )

PROVISIONS FOR LIABILITIES (2,013 ) (1,868 )
NET ASSETS 70,587 93,071

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 70,487 92,971
SHAREHOLDERS' FUNDS 70,587 93,071

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

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 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.

Eddolls Carpets Ltd (Registered number: 06997606)

Balance Sheet - continued
31 March 2023


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 4 October 2023 and were signed by:





D Griffin - Director


Eddolls Carpets Ltd (Registered number: 06997606)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Eddolls Carpets 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business on 1 October 2009, is being amortised evenly over its estimated useful life of sixteen and a half years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on cost and 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.

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 6 (2022 - 6 ) .

Eddolls Carpets Ltd (Registered number: 06997606)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 214,274
AMORTISATION
At 1 April 2022 162,329
Charge for year 12,986
At 31 March 2023 175,315
NET BOOK VALUE
At 31 March 2023 38,959
At 31 March 2022 51,945

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 4,581 49,325 53,906
Additions - 4,621 4,621
Disposals - (2,887 ) (2,887 )
At 31 March 2023 4,581 51,059 55,640
DEPRECIATION
At 1 April 2022 4,581 38,914 43,495
Charge for year - 3,637 3,637
Eliminated on disposal - (2,088 ) (2,088 )
At 31 March 2023 4,581 40,463 45,044
NET BOOK VALUE
At 31 March 2023 - 10,596 10,596
At 31 March 2022 - 10,411 10,411

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 31,177 9,119
Other debtors 25,212 32,768
56,389 41,887

Eddolls Carpets Ltd (Registered number: 06997606)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 7,842 7,644
Trade creditors 42,556 34,553
Taxation and social security 39,064 36,631
Other creditors 59,910 101,005
149,372 179,833

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 18,778 26,741

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
D Griffin
Balance outstanding at start of year 28,739 27,923
Amounts advanced 81,725 55,816
Amounts repaid (90,000 ) (55,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,464 28,739