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Company Registration No. 9710391 (England and Wales)
MATT SADLER CARPETS LIMITED Unaudited accounts for the year ended 31 July 2023
MATT SADLER CARPETS LIMITED Unaudited accounts Contents
Page
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MATT SADLER CARPETS LIMITED Company Information for the year ended 31 July 2023
Director
Mr Matthew Sadler
Company Number
9710391 (England and Wales)
Registered Office
5 Lyndhurst Close Gorleston Great Yarmouth NR31 8BA
Accountants
P Lacey & Associates Ltd Office 17 2 Regent House Lowestoft NR32 1PA
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MATT SADLER CARPETS LIMITED Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,031 
2,390 
Current assets
Inventories
2,000 
4,000 
Debtors
992 
2,060 
Cash at bank and in hand
125,134 
73,673 
128,126 
79,733 
Creditors: amounts falling due within one year
(44,250)
(27,124)
Net current assets
83,876 
52,609 
Total assets less current liabilities
85,907 
54,999 
Creditors: amounts falling due after more than one year
(32,275)
(38,209)
Net assets
53,632 
16,790 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
53,630 
16,788 
Shareholders' funds
53,632 
16,790 
For the year ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 October 2023 and were signed on its behalf by
Mr Matthew Sadler Director Company Registration No. 9710391
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MATT SADLER CARPETS LIMITED Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
MATT SADLER CARPETS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 9710391. The registered office is 5 Lyndhurst Close, Gorleston , Great Yarmouth, NR31 8BA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
15% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
1,710 
3,444 
5,154 
At 31 July 2023
1,710 
3,444 
5,154 
Depreciation
At 1 August 2022
1,118 
1,646 
2,764 
Charge for the year
89 
270 
359 
At 31 July 2023
1,207 
1,916 
3,123 
Net book value
At 31 July 2023
503 
1,528 
2,031 
At 31 July 2022
592 
1,798 
2,390 
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MATT SADLER CARPETS LIMITED Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
992 
2,060 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
8,168 
939 
Trade creditors
18,576 
12,246 
Taxes and social security
17,506 
13,939 
44,250 
27,124 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
32,275 
38,209 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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