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
BURNLEY CARPETS & INTERIORS LTD
Company Information
for the year ended 31 March 2023
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
BURNLEY CARPETS & INTERIORS LTD
Statement of financial position
as at 31 March 2023
Tangible assets
14,651
10,711
Inventories
108,000
110,000
Cash at bank and in hand
13,550
28,883
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)
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
BURNLEY CARPETS & INTERIORS LTD
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
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
At 31 March 2023
21,792
10,506
5,223
37,521
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
At 31 March 2023
10,421
2,865
1,365
14,651
At 31 March 2022
6,011
3,183
1,517
10,711
Amounts falling due within one year
Trade debtors
21,998
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
7
Creditors: amounts falling due after more than one year
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).