Company Registration No. 11202406 (England and Wales)
MIKE CHAPMAN CARPETS LIMITED
Unaudited accounts
for the year ended 28 February 2023
MIKE CHAPMAN CARPETS LIMITED
Unaudited accounts
Contents
MIKE CHAPMAN CARPETS LIMITED
Company Information
for the year ended 28 February 2023
Directors
Mr M Chapman
Miss L Cudbertson
Company Number
11202406 (England and Wales)
Registered Office
2 EXETER STREET
NEW VILLAGE ROAD
COTTINGHAM
HU16 4LU
ENGLAND
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
MIKE CHAPMAN CARPETS LIMITED
Statement of financial position
as at 28 February 2023
Tangible assets
3,552
4,911
Cash at bank and in hand
85
7,366
Creditors: amounts falling due within one year
(4,167)
(7,762)
Net current assets
1,390
5,947
Total assets less current liabilities
4,943
12,970
Creditors: amounts falling due after more than one year
(8,777)
(12,819)
Net (liabilities)/assets
(3,834)
151
Called up share capital
100
100
Profit and loss account
(3,934)
51
Shareholders' funds
(3,834)
151
For the year ending 28 February 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 directors acknowledge their 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 of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by
Mr M Chapman
Director
Company Registration No. 11202406
MIKE CHAPMAN CARPETS LIMITED
Notes to the Accounts
for the year ended 28 February 2023
MIKE CHAPMAN CARPETS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11202406. The registered office is 2 EXETER STREET, NEW VILLAGE ROAD, COTTINGHAM, HU16 4LU, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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
25% cost
Computer equipment
25% cost
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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
MIKE CHAPMAN CARPETS LIMITED
Notes to the Accounts
for the year ended 28 February 2023
4
Intangible fixed assets
Goodwill
At 28 February 2023
10,552
At 28 February 2023
10,551
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
3,375
4,700
1,019
9,094
At 28 February 2023
3,375
4,700
1,019
9,094
At 1 March 2022
2,909
1,002
272
4,183
Charge for the year
364
740
255
1,359
At 28 February 2023
3,273
1,742
527
5,542
At 28 February 2023
102
2,958
492
3,552
At 28 February 2022
466
3,698
747
4,911
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,150
4,259
Amounts owed to group undertakings and other participating interests
(1,998)
-
Taxes and social security
-
841
Loans from directors
67
377
MIKE CHAPMAN CARPETS LIMITED
Notes to the Accounts
for the year ended 28 February 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).