Registered number
05121066
Denby Dale Carpets Limited
Unaudited Filleted Accounts
31 May 2023
Denby Dale Carpets Limited
Registered number: 05121066
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 90,696 20,105
Current assets
Stocks 39,174 38,752
Debtors 5 6,425 5,901
Cash at bank and in hand 363,714 330,842
409,313 375,495
Creditors: amounts falling due within one year 6 (134,729) (166,409)
Net current assets 274,584 209,086
Net assets 365,280 229,191
Capital and reserves
Called up share capital 2 2
Profit and loss account 365,278 229,189
Shareholders' funds 365,280 229,191
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Atkinson
Director
Approved by the board on 5 October 2023
Denby Dale Carpets Limited
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 15% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 7
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2022 100,000
At 31 May 2023 100,000
Amortisation
At 1 June 2022 100,000
At 31 May 2023 100,000
Net book value
At 31 May 2023 -
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2022 15,044 66,988 82,032
Additions 450 89,215 89,665
Disposals - (7,483) (7,483)
At 31 May 2023 15,494 148,720 164,214
Depreciation
At 1 June 2022 13,264 48,663 61,927
Charge for the year 557 15,694 16,251
On disposals - (4,660) (4,660)
At 31 May 2023 13,821 59,697 73,518
Net book value
At 31 May 2023 1,673 89,023 90,696
At 31 May 2022 1,780 18,325 20,105
5 Debtors 2023 2022
£ £
Trade debtors 6,425 5,901
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 46,287 43,900
Taxation and social security costs 28,745 42,598
Other creditors 59,697 79,911
134,729 166,409
7 Other information
Denby Dale Carpets Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 20 Nortonthorpe Mills
Scissett
Huddersfield
West Yorkshire
HD8 9FB
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