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REGISTERED NUMBER: 04734726 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Mulgrave Carpets Limited

Mulgrave Carpets Limited (Registered number: 04734726)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mulgrave Carpets Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: G Spindloe



REGISTERED OFFICE: 134b Lynn Street
Hartlepool
TS24 7LX



REGISTERED NUMBER: 04734726 (England and Wales)



ACCOUNTANTS: KING HOPE
CHARTERED ACCOUNTANTS
18 Scarborough Street
Hartlepool
TS24 7DA



BANKERS: Barclays Bank plc
148 York Road
Hartlepool
TS26 9BT

Mulgrave Carpets Limited (Registered number: 04734726)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 385
Tangible assets 5 168,572 161,573
168,572 161,958

CURRENT ASSETS
Stocks 10,000 30,000
Debtors 6 18,591 10,000
Cash at bank and in hand 567,156 582,095
595,747 622,095
CREDITORS
Amounts falling due within one year 7 89,688 160,378
NET CURRENT ASSETS 506,059 461,717
TOTAL ASSETS LESS CURRENT
LIABILITIES

674,631

623,675

PROVISIONS FOR LIABILITIES 251 896
NET ASSETS 674,380 622,779

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 674,378 622,777
SHAREHOLDERS' FUNDS 674,380 622,779

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Mulgrave Carpets Limited (Registered number: 04734726)

Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 December 2023 and were signed by:





G Spindloe - Director


Mulgrave Carpets Limited (Registered number: 04734726)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Mulgrave Carpets Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Mulgrave Carpets Limited (Registered number: 04734726)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 7,700
AMORTISATION
At 1 August 2022 7,315
Charge for year 385
At 31 July 2023 7,700
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 385

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 198,999 70,833 269,832
Additions - 25,500 25,500
Disposals - (19,248 ) (19,248 )
At 31 July 2023 198,999 77,085 276,084
DEPRECIATION
At 1 August 2022 51,740 56,519 108,259
Charge for year 3,980 8,431 12,411
Eliminated on disposal - (13,158 ) (13,158 )
At 31 July 2023 55,720 51,792 107,512
NET BOOK VALUE
At 31 July 2023 143,279 25,293 168,572
At 31 July 2022 147,259 14,314 161,573

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors - 10,000
Other debtors 18,591 -
18,591 10,000

Mulgrave Carpets Limited (Registered number: 04734726)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 49,680 34,052
Taxation and social security 36,901 65,333
Other creditors 3,107 60,993
89,688 160,378

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
G Spindloe
Balance outstanding at start of year - -
Amounts advanced 11,480 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,480 -

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £15,500 (2022 - £26,025) were paid to the director .