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Company Registration No. 07165227 (England and Wales)
BURNLEY CARPETS & INTERIORS LTD Unaudited accounts for the year ended 31 March 2023
BURNLEY CARPETS & INTERIORS LTD Unaudited accounts Contents
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BURNLEY CARPETS & INTERIORS LTD Company Information for the year ended 31 March 2023
Director
MOHAMMAD AMIN
Company Number
07165227 (England and Wales)
Registered Office
4 OLD HALL STREET BURNLEY LANCASHIRE BB10 1DA
Accountants
SAGHIR AHMAD & COMPANY, INTERNATIONAL ACCOUNTANTS First Floor, Suite 2, The Point 173 - 175 Cheetham Hill MANCHESTER M8 8LG
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BURNLEY CARPETS & INTERIORS LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,651 
10,711 
Current assets
Inventories
108,000 
110,000 
Debtors
23,555 
10,262 
Cash at bank and in hand
13,550 
28,883 
145,105 
149,145 
Creditors: amounts falling due within one year
(35,651)
(41,026)
Net current assets
109,454 
108,119 
Total assets less current liabilities
124,105 
118,830 
Creditors: amounts falling due after more than one year
(13,729)
(19,729)
Net assets
110,376 
99,101 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
109,376 
98,101 
Shareholders' funds
110,376 
99,101 
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2023 and were signed on its behalf by
MOHAMMAD AMIN Director Company Registration No. 07165227
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BURNLEY CARPETS & INTERIORS LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
BURNLEY CARPETS & INTERIORS LTD is a private company, limited by shares, registered in England and Wales, registration number 07165227. The registered office is 4 OLD HALL STREET, BURNLEY, LANCASHIRE , BB10 1DA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
10% per annum reducing balance method
Fixtures & fittings
10% per annum reducing balance method
Computer equipment
10% per annum reducing balance method
Stocks
Stocks and work-in-progress 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 expenditure and an appropriate proportion of fixed and variable overheads.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
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BURNLEY CARPETS & INTERIORS LTD Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
15,542 
10,506 
5,223 
31,271 
Additions
6,250 
- 
- 
6,250 
At 31 March 2023
21,792 
10,506 
5,223 
37,521 
Depreciation
At 1 April 2022
9,531 
7,323 
3,706 
20,560 
Charge for the year
1,840 
318 
152 
2,310 
At 31 March 2023
11,371 
7,641 
3,858 
22,870 
Net book value
At 31 March 2023
10,421 
2,865 
1,365 
14,651 
At 31 March 2022
6,011 
3,183 
1,517 
10,711 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
21,998 
10,262 
Other debtors
1,557 
- 
23,555 
10,262 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,000 
6,000 
Trade creditors
18,155 
22,322 
Taxes and social security
8,380 
7,415 
Accruals
3,116 
5,289 
35,651 
41,026 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
13,729 
19,729 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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