1 March 2022 false No description of principal activity Taxfiler 2023.10.2 11202406business:PrivateLimitedCompanyLtd2022-03-012023-02-28 112024062022-02-28 112024062022-03-012023-02-28 11202406business:AuditExemptWithAccountantsReport2022-03-012023-02-28 11202406business:FilletedAccounts2022-03-012023-02-28 112024062023-02-28 11202406business:Director12022-03-012023-02-28 11202406business:Director22022-03-012023-02-28 11202406business:RegisteredOffice2022-03-012023-02-28 112024062022-02-28 11202406core:WithinOneYear2023-02-28 11202406core:WithinOneYear2022-02-28 11202406core:AfterOneYear2023-02-28 11202406core:AfterOneYear2022-02-28 11202406core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 11202406core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 11202406core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 11202406core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 11202406core:PreviouslyStatedAmount2023-02-28 11202406core:PreviouslyStatedAmount2022-02-28 11202406business:SmallEntities2022-03-012023-02-28 11202406countries:EnglandWales2022-03-012023-02-28 11202406core:PlantMachinery2022-03-012023-02-28 11202406core:MotorVehicles2022-03-012023-02-28 11202406core:ComputerEquipment2022-03-012023-02-28 11202406core:Goodwill2022-02-28 11202406core:Goodwill2023-02-28 11202406core:Goodwill2022-03-012023-02-28 11202406core:PlantMachinery2022-02-28 11202406core:MotorVehicles2022-02-28 11202406core:FurnitureFittings2022-02-28 11202406core:PlantMachinery2023-02-28 11202406core:MotorVehicles2023-02-28 11202406core:FurnitureFittings2023-02-28 11202406core:FurnitureFittings2022-03-012023-02-28 11202406business:OrdinaryShareClass12022-03-012023-02-28 11202406business:OrdinaryShareClass12021-03-012022-02-28 112024062021-03-012022-02-28 iso4217:GBP xbrli:shares xbrli:pure
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
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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
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MIKE CHAPMAN CARPETS LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
1 
2,112 
Tangible assets
3,552 
4,911 
3,553 
7,023 
Current assets
Debtors
5,472 
6,343 
Cash at bank and in hand
85 
7,366 
5,557 
13,709 
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 
Capital and reserves
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
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MIKE CHAPMAN CARPETS LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
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.
Intangible fixed assets
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
Motor vehicles
20% wdv
Computer equipment
25% cost
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.
Government grants
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.
Pension costs
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.
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MIKE CHAPMAN CARPETS LIMITED Notes to the Accounts for the year ended 28 February 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2022
10,552 
At 28 February 2023
10,552 
Amortisation
At 1 March 2022
8,440 
Charge for the year
2,111 
At 28 February 2023
10,551 
Net book value
At 28 February 2023
1 
At 28 February 2022
2,112 
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 
Depreciation
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 
Net book value
At 28 February 2023
102 
2,958 
492 
3,552 
At 28 February 2022
466 
3,698 
747 
4,911 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,472 
6,343 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,150 
4,259 
VAT
1,893 
2,276 
Amounts owed to group undertakings and other participating interests
(1,998)
- 
Taxes and social security
- 
841 
Other creditors
55 
9 
Loans from directors
67 
377 
4,167 
7,762 
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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 
£ 
£ 
Bank loans
8,777 
12,819 
9
Share capital
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).
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