2022-04-01 05652700 2023-03-31 05652700 2022-04-01 2023-03-31 05652700 2022-03-31 05652700 2021-04-01 2022-03-31 05652700 uk-core:WithinOneYear 2022-03-31 05652700 uk-core:WithinOneYear 2023-03-31 05652700 uk-core:ShareCapital 2023-03-31 05652700 uk-core:ShareCapital 2022-03-31 05652700 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 05652700 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 05652700 uk-bus:Director1 2022-04-01 2023-03-31 05652700 uk-core:NetGoodwill 2022-04-01 2023-03-31 05652700 uk-core:MotorVehicles 2022-04-01 2023-03-31 05652700 uk-core:FurnitureFittings 2022-04-01 2023-03-31 05652700 uk-core:Goodwill 2022-03-31 05652700 uk-core:Goodwill 2023-03-31 05652700 uk-core:FurnitureFittings 2022-03-31 05652700 uk-core:MotorVehicles 2022-03-31 05652700 uk-core:MotorVehicles 2023-03-31 05652700 uk-core:FurnitureFittings 2023-03-31 iso4217:GBP xbrli:pure 05652700 uk-bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 05652700 uk-bus:FRS102 2022-04-01 2023-03-31 05652700 uk-bus:FullAccounts 2022-04-01 2023-03-31 05652700 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
Baileygate Carpets Limited
Registered Number:05652700
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
Baileygate Carpets Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
05652700
As at 31 March 2023
Baileygate Carpets Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
7,026
1,643
3
7,026
1,643
Current assets
Inventories
112,346
121,836
4
Trade and other receivables
2,120
2,508
5
343,853
Cash and cash equivalents
325,796
450,140
458,319
Trade and other payables: amounts falling due within one year
(169,058)
(161,068)
6
289,261
289,072
Net current assets
Total assets less current liabilities
296,098
290,904
296,098
Net assets
290,904
Capital and reserves
Called up share capital
10,000
10,000
Retained earnings
286,098
280,904
296,098
290,904
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.
Kevin Gray Director
These financial statements were approved and authorised for issue by the Board on 25 September 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
Baileygate Carpets Limited
Notes to the Financial Statements
Statutory Information
Baileygate Carpets Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 05652700.
Principal place of business:
T/A United Carpets & Beds
Unit 3b
South Baileygate
Pontefract
WF8 2LN
Registered address:
C/O Johnson Walker
Horizon House
2 Whiting Street
Sheffield
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 2007, 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:
25% Straight line
Motor vehicles
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
Baileygate Carpets Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2022
77,773
At 31 March 2023
77,773
Amortisation
At 01 April 2022
77,773
At 31 March 2023
77,773
Net book value
At 31 March 2023
-
At 31 March 2022
-
3. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
£
£
£
Cost or valuation
At 01 April 2022
21,255
750
20,505
7,070
7,070
-
Additions
At 31 March 2023
20,505
7,820
28,325
Provision for depreciation and impairment
At 01 April 2022
19,612
550
19,062
Charge for year
1,687
605
1,082
At 31 March 2023
21,299
1,155
20,144
At 31 March 2023
Net book value
361
6,665
7,026
At 31 March 2022
1,443
200
1,643
4. Inventories
2022
2023
£
£
Stocks
121,836
112,346
5. Trade and other receivables
2022
2023
£
£
Other debtors
2,508
2,120
3 of 4
6
For the year ended 31 March 2023
Baileygate Carpets Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
75,704
86,536
Taxation and social security
19,718
6,963
Other creditors
65,646
75,559
161,068
169,058
7. Average number of persons employed
During the year the average number of employees was 5 (2022 : 5)
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