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REGISTERED NUMBER: 01901551 (England and Wales)












Carpetpac Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






Carpetpac Limited (Registered number: 01901551)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Carpetpac Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: A Valler





REGISTERED OFFICE: Manor Office
10 Turf Street
Bodmin
Cornwall
PL31 2DH





REGISTERED NUMBER: 01901551 (England and Wales)





ACCOUNTANTS: ATC Advisors
Chartered Accountants
26 Beatrice Road
Bodmin
Cornwall
PL31 1RD

Carpetpac Limited (Registered number: 01901551)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 559 1,158
Tangible assets 5 13,885 17,406
14,444 18,564

CURRENT ASSETS
Stocks 72,822 73,444
Debtors 6 68,868 72,347
Cash at bank 12,770 80,914
154,460 226,705
CREDITORS
Amounts falling due within one year 7 31,874 34,271
NET CURRENT ASSETS 122,586 192,434
TOTAL ASSETS LESS CURRENT LIABILITIES 137,030 210,998

CREDITORS
Amounts falling due after more than one year 8 34,594 39,273
NET ASSETS 102,436 171,725

CAPITAL AND RESERVES
Called up share capital 23 23
Capital redemption reserve 77 77
Retained earnings 102,336 171,625
102,436 171,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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 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.

Carpetpac Limited (Registered number: 01901551)

Balance Sheet - continued
31 March 2023


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 23 August 2023 and were signed by:





A Valler - Director


Carpetpac Limited (Registered number: 01901551)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Carpetpac Limited 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intangible assets is being amortised evenly over its estimated useful life of nil years.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 4 (2022 - 4 ) .

Carpetpac Limited (Registered number: 01901551)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 1,448
AMORTISATION
At 1 April 2022 290
Charge for year 599
At 31 March 2023 889
NET BOOK VALUE
At 31 March 2023 559
At 31 March 2022 1,158

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022 1,546 74,360 13,059 8,500 97,465
Additions - 591 - - 591
At 31 March 2023 1,546 74,951 13,059 8,500 98,056
DEPRECIATION
At 1 April 2022 - 63,624 12,716 3,719 80,059
Charge for year - 2,831 86 1,195 4,112
At 31 March 2023 - 66,455 12,802 4,914 84,171
NET BOOK VALUE
At 31 March 2023 1,546 8,496 257 3,586 13,885
At 31 March 2022 1,546 10,736 343 4,781 17,406

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,739 9,730
Amounts owed by group undertakings 56,041 54,060
Other debtors 5,088 8,557
68,868 72,347

Carpetpac Limited (Registered number: 01901551)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 25,187 16,639
Taxation and social security 1,760 116
Other creditors 4,927 17,516
31,874 34,271

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 34,594 39,273