Registered number
06253615
The Oriental Rug Gallery Ltd
Filleted Accounts
31 March 2023
The Oriental Rug Gallery Ltd
Registered number: 06253615
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,873 5,164
Current assets
Stocks 60,000 96,000
Debtors 4 - 2,750
Cash at bank and in hand 1,480 8,196
61,480 106,946
Creditors: amounts falling due within one year 5 (80,328) (85,901)
Net current (liabilities)/assets (18,848) 21,045
Total assets less current liabilities (14,975) 26,209
Creditors: amounts falling due after more than one year 6 (25,605) (47,000)
Net liabilities (40,580) (20,791)
Capital and reserves
Called up share capital 2 2
Profit and loss account (40,582) (20,794)
Shareholders' funds (40,580) (20,791)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Al Akhoann
Director
Approved by the board on 27 December 2023
The Oriental Rug Gallery Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 19,428 7,200 26,628
At 31 March 2023 19,428 7,200 26,628
Depreciation
At 1 April 2022 17,695 3,769 21,464
Charge for the year 433 858 1,291
At 31 March 2023 18,128 4,627 22,755
Net book value
At 31 March 2023 1,300 2,573 3,873
At 31 March 2022 1,733 3,431 5,164
4 Debtors 2023 2022
£ £
Other debtors - 2,750
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 1,500 1,500
Taxation and social security costs (3,176) 304
Other creditors 82,004 84,097
80,328 85,901
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 25,605 47,000
7 Other information
The Oriental Rug Gallery Ltd is a private company limited by shares and incorporated in England. Its registered office is:
29 Manor Crescent
Guilford
Surrey
GU2 9NF
The Oriental Rug Gallery Ltd 06253615 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts April 2022 A Al Akhoann No description of principal activity 06253615 2021-04-01 2022-03-31 06253615 core:WithinOneYear 2022-03-31 06253615 core:AfterOneYear 2022-03-31 06253615 core:ShareCapital 2022-03-31 06253615 core:RetainedEarningsAccumulatedLosses 2022-03-31 06253615 2022-04-01 2023-03-31 06253615 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06253615 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 06253615 bus:Director40 2022-04-01 2023-03-31 06253615 core:PlantMachinery 2022-04-01 2023-03-31 06253615 core:Vehicles 2022-04-01 2023-03-31 06253615 countries:England 2022-04-01 2023-03-31 06253615 bus:FRS102 2022-04-01 2023-03-31 06253615 bus:FullAccounts 2022-04-01 2023-03-31 06253615 2023-03-31 06253615 core:WithinOneYear 2023-03-31 06253615 core:AfterOneYear 2023-03-31 06253615 core:ShareCapital 2023-03-31 06253615 core:RetainedEarningsAccumulatedLosses 2023-03-31 06253615 core:PlantMachinery 2023-03-31 06253615 core:Vehicles 2023-03-31 06253615 2022-03-31 06253615 core:PlantMachinery 2022-03-31 06253615 core:Vehicles 2022-03-31 iso4217:GBP xbrli:pure