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E&E Carpets Limited
Registered Number:08210792
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
E&E Carpets Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
08210792
As at 31 March 2023
E&E Carpets Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
-
5,775
2
Property, plant and equipment
13,450
10,271
3
13,450
16,046
Current assets
Inventories
92,276
83,432
4
Trade and other receivables
32,746
7,993
5
122,574
Cash and cash equivalents
98,067
189,492
247,596
Trade and other payables: amounts falling due within one year
(183,647)
(180,319)
6
63,949
9,173
Net current assets
Total assets less current liabilities
22,623
79,995
Trade and other payables: amounts falling due after more than one year
(57,905)
(38,067)
7
(15,444)
Net assets/liabilities
22,090
Capital and reserves
Called up share capital
20,000
20,000
Retained earnings
(35,444)
2,090
(15,444)
22,090
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.
Mr Elton Jones Director
These financial statements were approved and authorised for issue by the Board on 25 October 2023 and were signed by:
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4
Registered Number :
08210792
For the year ended 31 March 2023
E&E Carpets Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 March 2023
E&E Carpets Limited
Notes to the Financial Statements
Statutory Information
E&E Carpets Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 08210792.
Principal place of business:
T/A United Carpets
Unit 7 Sloper Road
Cardiff
CF11 8AA
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
Property, plant and equipment, 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:
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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6
For the year ended 31 March 2023
E&E Carpets Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2022
99,000
At 31 March 2023
99,000
Amortisation
At 01 April 2022
93,225
5,775
Charge for year
At 31 March 2023
99,000
Net book value
At 31 March 2023
-
At 31 March 2022
5,775
3. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
£
£
£
Cost or valuation
At 01 April 2022
14,500
-
14,500
7,225
7,225
-
Additions
At 31 March 2023
14,500
7,225
21,725
Provision for depreciation and impairment
At 01 April 2022
4,229
-
4,229
Charge for year
4,046
421
3,625
At 31 March 2023
8,275
421
7,854
At 31 March 2023
Net book value
6,646
6,804
13,450
At 31 March 2022
10,271
-
10,271
4. Inventories
2022
2023
£
£
Stocks
83,432
92,276
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7
For the year ended 31 March 2023
E&E Carpets Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2022
2023
£
£
Trade debtors
(751)
(751)
Other debtors
8,744
33,497
32,746
7,993
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
13,333
13,333
Trade creditors
50,126
50,695
Taxation and social security
23,506
9,963
Other creditors
93,354
109,656
180,319
183,647
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
38,067
53,667
Other creditors
-
4,238
38,067
57,905
8. Average number of persons employed
During the year the average number of employees was 6 (2022 : 6)
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