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REGISTERED NUMBER: 08678362 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

FOR

COVENTRY SLIDING WARDROBES LTD

COVENTRY SLIDING WARDROBES LTD (REGISTERED NUMBER: 08678362)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COVENTRY SLIDING WARDROBES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2022







DIRECTOR: Mr S Clay





REGISTERED OFFICE: 1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX





REGISTERED NUMBER: 08678362 (England and Wales)





ACCOUNTANTS: Armstrongs Bishop Simmons
Chartered Accountants and Tax Advisors
Gethin House
36 Bond Street
Nuneaton
Warwickshire
CV11 4DA

COVENTRY SLIDING WARDROBES LTD (REGISTERED NUMBER: 08678362)

BALANCE SHEET
30 SEPTEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 149,749 147,299

CURRENT ASSETS
Stocks 76,945 65,998
Debtors 5 56,787 121,092
Cash at bank 20,774 6,325
154,506 193,415
CREDITORS
Amounts falling due within one year 6 210,189 202,659
NET CURRENT LIABILITIES (55,683 ) (9,244 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,066

138,055

CREDITORS
Amounts falling due after more than one
year

7

(89,854

)

(104,600

)

PROVISIONS FOR LIABILITIES (3,612 ) (27,843 )
NET ASSETS 600 5,612

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 500 5,512
SHAREHOLDERS' FUNDS 600 5,612

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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.

COVENTRY SLIDING WARDROBES LTD (REGISTERED NUMBER: 08678362)

BALANCE SHEET - continued
30 SEPTEMBER 2022


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 7 July 2023 and were signed by:





Mr S Clay - Director


COVENTRY SLIDING WARDROBES LTD (REGISTERED NUMBER: 08678362)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

1. STATUTORY INFORMATION

Coventry Sliding Wardrobes Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

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 is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

COVENTRY SLIDING WARDROBES LTD (REGISTERED NUMBER: 08678362)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2021 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 October 2021 122,500 7,620 20,346
Additions - - 7,500
At 30 September 2022 122,500 7,620 27,846
DEPRECIATION
At 1 October 2021 - - 9,597
Charge for year - - 3,650
At 30 September 2022 - - 13,247
NET BOOK VALUE
At 30 September 2022 122,500 7,620 14,599
At 30 September 2021 122,500 7,620 10,749

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2021 4,109 4,177 7,757 166,509
Additions - - - 7,500
At 30 September 2022 4,109 4,177 7,757 174,009
DEPRECIATION
At 1 October 2021 2,426 3,568 3,619 19,210
Charge for year 421 152 827 5,050
At 30 September 2022 2,847 3,720 4,446 24,260
NET BOOK VALUE
At 30 September 2022 1,262 457 3,311 149,749
At 30 September 2021 1,683 609 4,138 147,299

COVENTRY SLIDING WARDROBES LTD (REGISTERED NUMBER: 08678362)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 54,603 119,180
Prepayments 2,184 1,912
56,787 121,092

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 14,658 14,658
Trade creditors 27,882 64,290
Corporation tax 531 9,535
Social security and other taxes 4,677 4,249
VAT 19,262 17,907
Other creditors 48 -
Pensions payable 975 413
Directors' current accounts 138,681 88,707
Accrued expenses 3,475 2,900
210,189 202,659

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 2-5 years 45,301 55,299
Bank loans more than 5 years 44,553 49,301
89,854 104,600

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 44,553 49,301

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Aldermore Bank Loan 67,845 72,593