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REGISTERED NUMBER: 02388037 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Admiral Carpets Limited

Admiral Carpets Limited (Registered number: 02388037)






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


Admiral Carpets Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: R Sullivan
R D Maylin





REGISTERED OFFICE: 8 The Parade
St Johns Hill
Battersea
London
SW11 1TG





REGISTERED NUMBER: 02388037 (England and Wales)





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

Admiral Carpets Limited (Registered number: 02388037)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 21,052 28,068

CURRENT ASSETS
Stocks 9,837 10,698
Debtors 6 25,991 11,667
Cash at bank and in hand 39,749 36,649
75,577 59,014
CREDITORS
Amounts falling due within one year 7 44,284 43,364
NET CURRENT ASSETS 31,293 15,650
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,345

43,718

CREDITORS
Amounts falling due after more than one year 8 (12,307 ) (15,888 )

PROVISIONS FOR LIABILITIES (4,000 ) (7,084 )
NET ASSETS 36,038 20,746

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 35,938 20,646
SHAREHOLDERS' FUNDS 36,038 20,746

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 directors acknowledge their 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.

Admiral Carpets Limited (Registered number: 02388037)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 January 2024 and were signed on its behalf by:





R Sullivan - Director


Admiral Carpets Limited (Registered number: 02388037)

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

1. STATUTORY INFORMATION

Admiral 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
Income is recognised when the goods are fitted for the customer and is net of value added tax.

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.
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

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.

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 ) .

Admiral Carpets Limited (Registered number: 02388037)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 41,291
DEPRECIATION
At 1 August 2022 13,223
Charge for year 7,016
At 31 July 2023 20,239
NET BOOK VALUE
At 31 July 2023 21,052
At 31 July 2022 28,068

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 28,990
DEPRECIATION
At 1 August 2022 2,416
Charge for year 6,643
At 31 July 2023 9,059
NET BOOK VALUE
At 31 July 2023 19,931
At 31 July 2022 26,574

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 24,113 11,667
Other debtors 1,878 -
25,991 11,667

Admiral Carpets Limited (Registered number: 02388037)

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
£    £   
Hire purchase contracts 3,581 3,019
Trade creditors 18,095 11,307
Taxation and social security 18,892 21,626
Other creditors 3,716 7,412
44,284 43,364

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 12,307 15,888

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Hire purchase contracts 15,888 18,907