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REGISTERED NUMBER: 04411013 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

P&C CARPETS & FLOORING LIMITED

P&C CARPETS & FLOORING LIMITED (REGISTERED NUMBER: 04411013)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P&C CARPETS & FLOORING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: Mr C Lee-Jones





REGISTERED OFFICE: Whitlands
Penrhyn Avenue
Drayton
Portsmouth
Hampshire
PO6 2AX





REGISTERED NUMBER: 04411013 (England and Wales)





ACCOUNTANTS: AMR Bookkeeping & Accounts Limited
4 Spur Road
Cosham
PORTSMOUTH
Hampshire
PO6 3EB

P&C CARPETS & FLOORING LIMITED (REGISTERED NUMBER: 04411013)

BALANCE SHEET
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,478 46,361

CURRENT ASSETS
Stocks 5,893 5,893
Debtors 5 237,308 301,757
Cash at bank and in hand 228,327 38,907
471,528 346,557
CREDITORS
Amounts falling due within one year 6 58,767 45,825
NET CURRENT ASSETS 412,761 300,732
TOTAL ASSETS LESS CURRENT
LIABILITIES

487,239

347,093

CREDITORS
Amounts falling due after more than one year 7 495 14,851
NET ASSETS 486,744 332,242

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 486,742 332,240
SHAREHOLDERS' FUNDS 486,744 332,242

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

P&C CARPETS & FLOORING LIMITED (REGISTERED NUMBER: 04411013)

BALANCE SHEET - continued
30 APRIL 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 18 October 2023 and were signed by:





Mr C Lee-Jones - Director


P&C CARPETS & FLOORING LIMITED (REGISTERED NUMBER: 04411013)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

P&C Carpets & Flooring 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 - 20% on reducing balance
Tooling and development - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Office Equipment - 20% 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.

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.

P&C CARPETS & FLOORING LIMITED (REGISTERED NUMBER: 04411013)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Tooling
Plant and and Motor Office
machinery development vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 May 2022 7,428 959 73,253 7,421 89,061
Additions 4,500 428 39,199 1,934 46,061
At 30 April 2023 11,928 1,387 112,452 9,355 135,122
DEPRECIATION
At 1 May 2022 4,991 420 34,536 2,753 42,700
Charge for year 848 193 15,583 1,320 17,944
At 30 April 2023 5,839 613 50,119 4,073 60,644
NET BOOK VALUE
At 30 April 2023 6,089 774 62,333 5,282 74,478
At 30 April 2022 2,437 539 38,717 4,668 46,361

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 180,577 239,842
Other debtors 32,500 32,500
VAT 24,231 29,415
237,308 301,757

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 134,540 97,063
Tax 36,945 19,065
Social security and other taxes (113,675 ) (87,081 )
Other creditors 984 1,080
Credit card (27 ) 15,698
58,767 45,825

P&C CARPETS & FLOORING LIMITED (REGISTERED NUMBER: 04411013)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Other loans - 1-2 years 495 14,851

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
100 ordinary £1 2 2

9. RESERVES
Retained
earnings
£   

At 1 May 2022 332,240
Profit for the year 181,605
Dividends (27,103 )
At 30 April 2023 486,742