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REGISTERED NUMBER: 10770172 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Cleo Carpets Limited

Cleo Carpets Limited (Registered number: 10770172)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cleo Carpets Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: G Cleobury





REGISTERED OFFICE: 67 East Hill
Wandsworth
London
SW18 2QE





REGISTERED NUMBER: 10770172 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

Cleo Carpets Limited (Registered number: 10770172)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 17,800 22,250
Tangible assets 6 22,349 30,594
40,149 52,844

CURRENT ASSETS
Stocks 10,638 11,087
Debtors 7 17,337 18,657
Cash at bank and in hand 143,182 226,023
171,157 255,767
CREDITORS
Amounts falling due within one year 8 108,127 122,303
NET CURRENT ASSETS 63,030 133,464
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,179

186,308

CREDITORS
Amounts falling due after more than one year 9 8,739 12,661
NET ASSETS 94,440 173,647

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 94,340 173,547
SHAREHOLDERS' FUNDS 94,440 173,647

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Cleo Carpets Limited (Registered number: 10770172)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 February 2024 and were signed by:





G Cleobury - Director


Cleo Carpets Limited (Registered number: 10770172)

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

1. STATUTORY INFORMATION

Cleo 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 2017, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - over the period of the lease
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 Income Statement, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Cleo Carpets Limited (Registered number: 10770172)

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

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 44,500
AMORTISATION
At 1 June 2022 22,250
Charge for year 4,450
At 31 May 2023 26,700
NET BOOK VALUE
At 31 May 2023 17,800
At 31 May 2022 22,250

6. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022
and 31 May 2023 2,000 2,180 39,746 1,997 45,923
DEPRECIATION
At 1 June 2022 714 727 12,906 982 15,329
Charge for year 143 726 6,710 666 8,245
At 31 May 2023 857 1,453 19,616 1,648 23,574
NET BOOK VALUE
At 31 May 2023 1,143 727 20,130 349 22,349
At 31 May 2022 1,286 1,453 26,840 1,015 30,594

Cleo Carpets Limited (Registered number: 10770172)

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

6. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£   
COST
At 1 June 2022
and 31 May 2023 20,448
DEPRECIATION
At 1 June 2022 5,112
Charge for year 3,834
At 31 May 2023 8,946
NET BOOK VALUE
At 31 May 2023 11,502
At 31 May 2022 15,336

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 15,670 16,990
Other debtors 1,667 1,667
17,337 18,657

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Finance leases 3,922 3,624
Trade creditors 49,071 46,631
Taxation and social security 45,930 63,335
Other creditors 9,204 8,713
108,127 122,303

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Finance leases 8,739 12,661

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary shares £1 100 100