2022-04-01 04342899 2023-03-31 04342899 2022-04-01 2023-03-31 04342899 2022-03-31 04342899 2021-04-01 2022-03-31 04342899 uk-core:WithinOneYear 2022-03-31 04342899 uk-core:WithinOneYear 2023-03-31 04342899 uk-core:AfterOneYear 2022-03-31 04342899 uk-core:AfterOneYear 2023-03-31 04342899 uk-core:ShareCapital 2023-03-31 04342899 uk-core:ShareCapital 2022-03-31 04342899 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 04342899 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 04342899 uk-bus:Director1 2022-04-01 2023-03-31 04342899 uk-core:NetGoodwill 2022-04-01 2023-03-31 04342899 uk-core:LeaseholdImprovements 2022-04-01 2023-03-31 04342899 uk-core:ToolsEquipment 2022-04-01 2023-03-31 04342899 uk-core:FurnitureFittings 2022-04-01 2023-03-31 04342899 uk-core:FurnitureFittings 2022-03-31 04342899 uk-core:LeaseholdImprovements 2022-03-31 04342899 uk-core:LeaseholdImprovements 2023-03-31 04342899 uk-core:FurnitureFittings 2023-03-31 04342899 uk-core:WithinOneYear 2023-03-31 04342899 uk-core:WithinOneYear 2022-03-31 04342899 uk-core:AfterOneYear uk-core:Secured 2023-03-31 04342899 uk-core:AfterOneYear uk-core:Secured 2022-03-31 iso4217:GBP xbrli:pure 04342899 uk-bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04342899 uk-bus:FRS102 2022-04-01 2023-03-31 04342899 uk-bus:FullAccounts 2022-04-01 2023-03-31 04342899 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
Labecc Carpets Limited
Registered Number:04342899
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
Labecc Carpets Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04342899
As at 31 March 2023
Labecc Carpets Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
4,152
4,837
2
4,152
4,837
Current assets
Inventories
86,606
103,604
3
Trade and other receivables
34,841
7,811
4
77,207
Cash and cash equivalents
22,641
134,056
198,654
Trade and other payables: amounts falling due within one year
(130,312)
(85,478)
5
68,342
48,578
Net current assets
Total assets less current liabilities
52,730
73,179
Trade and other payables: amounts falling due after more than one year
(31,667)
(21,667)
6
31,063
Net assets
41,512
Capital and reserves
Called up share capital
20,000
20,000
Retained earnings
11,063
21,512
31,063
41,512
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 Andrew J Shaw Director
These financial statements were approved and authorised for issue by the Board on 23 November 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2023
Labecc Carpets Limited
Notes to the Financial Statements
Statutory Information
Labecc Carpets Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 04342899.
Principal place of business:
T/A United Carpets
Southcoates Lane
Hull
HU9 3AP
Registered address:
C/O Johnson Walker
Horizon House
2 Whiting Street
Sheffield
S8 9QR
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
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:
Land and buildings
10% Straight line
25% Straight line
Computer equipment
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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5
For the year ended 31 March 2023
Labecc Carpets Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Land and buildings
£
£
£
Cost or valuation
At 01 April 2022
9,807
9,017
790
At 31 March 2023
790
9,017
9,807
Provision for depreciation and impairment
At 01 April 2022
4,970
4,895
75
Charge for year
685
606
79
At 31 March 2023
5,655
5,501
154
At 31 March 2023
Net book value
636
3,516
4,152
At 31 March 2022
715
4,122
4,837
3. Inventories
2022
2023
£
£
Stocks
103,604
86,606
4. Trade and other receivables
2022
2023
£
£
Trade debtors
649
813
Other debtors
7,162
34,028
34,841
7,811
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
10,000
10,000
Trade creditors
26,608
62,846
Taxation and social security
2,270
9,832
Other creditors
46,600
47,634
85,478
130,312
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6
For the year ended 31 March 2023
Labecc Carpets Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
21,667
31,667
7. Average number of persons employed
During the year the average number of employees was 5 (2022 : 4)
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