Registered Number:04003137 |
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2023
Horgan Carpets Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Horgan Carpets Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
51,235
18,441
2
51,235
18,441
90,579
60,525
3
Trade and other receivables |
19,591
27,397
4
96,639
Cash and cash equivalents |
37,006
124,928
206,809
Trade and other payables: amounts falling due within one year |
(146,368)
(147,490)
5
60,441
(22,562)
Net current liabilities
Total assets less current liabilities |
28,673
78,882
Trade and other payables: amounts falling due after more than one year |
(31,667)
(21,667)
6
7,006
Net assets
47,215
15,000
15,000
(7,994)
32,215
7,006
47,215
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 directors acknowledge their 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. |
Mrs Joanne Horgan Director |
These financial statements were approved and authorised for issue by the Board on 29 September 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2023
Horgan Carpets Limited
Notes to the Financial Statements
Statutory Information
Horgan Carpets Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 04003137. |
Principal place of business: |
T/A United Carpets & Beds
Barnby Dun Road
Doncaster
DN2 4QJ
Horizon House
2 Whiting Stree
Sheffield
S8 9QR
The presentation currency is £ sterling. |
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 2000, is being amortised evenly over its estimated useful life of 10 years. |
Property, plant and equipment
Tangible fixed assets, 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: |
Plant and machinery
Computer equipment
Other vehicles
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. |
2 of 4
For the year ended 31 March 2023
Horgan Carpets Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Fixtures and fittings
Other vehicles
100,541
1,830
36,344
58,152
4,215
41,186
-
7,195
33,991
-
92,143
43,539
1,830
141,727
4,215
Provision for depreciation and impairment |
82,100
1,830
35,458
40,597
4,215
Charge for year
8,392
-
843
7,549
-
90,492
1,830
36,301
48,146
4,215
-
43,997
7,238
-
51,235
-
17,555
886
-
18,441
2022
2023
60,525
90,579
4. Trade and other receivables |
2022
2023
27,397
19,591
5. Trade and other payables: amounts falling due within one year |
2022
2023
10,000
10,000
97,501
89,210
Taxation and social security |
22,363
24,767
17,626
22,391
147,490
146,368
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For the year ended 31 March 2023
Horgan Carpets Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
21,667
31,667
7. Average number of persons employed |
During the year the average number of employees was 8 (2022 : 9)
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