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REGISTERED NUMBER: 08458938 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2023 TO 31 DECEMBER 2023

FOR

CHRIS WARD CARPETS AND FLOORING LIMITED

CHRIS WARD CARPETS AND FLOORING LIMITED (REGISTERED NUMBER: 08458938)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHRIS WARD CARPETS AND FLOORING LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 MAY 2023 TO 31 DECEMBER 2023







DIRECTOR: C A Osbourne





REGISTERED OFFICE: 1 Main Road
Cotgrave
Nottingham
NG12 3HQ





REGISTERED NUMBER: 08458938 (England and Wales)





ACCOUNTANTS: seven7seven
10 Kingswell Avenue
Arnold
Nottingham
NG5 6SY

CHRIS WARD CARPETS AND FLOORING LIMITED (REGISTERED NUMBER: 08458938)

BALANCE SHEET
31 DECEMBER 2023

2023 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,766 16,913
8,766 16,913

CURRENT ASSETS
Stocks 22,433 16,851
Debtors 6 11,749 30,181
Cash at bank 33,954 51,171
68,136 98,203
CREDITORS
Amounts falling due within one year 7 40,610 54,398
NET CURRENT ASSETS 27,526 43,805
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,292

60,718

CREDITORS
Amounts falling due after more than one
year

8

(30,076

)

(33,616

)

PROVISIONS FOR LIABILITIES (1,683 ) (3,233 )
NET ASSETS 4,533 23,869

CHRIS WARD CARPETS AND FLOORING LIMITED (REGISTERED NUMBER: 08458938)

BALANCE SHEET - continued
31 DECEMBER 2023

2023 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,433 23,769
SHAREHOLDERS' FUNDS 4,533 23,869

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

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

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 11 February 2024 and were signed by:





C A Osbourne - Director


CHRIS WARD CARPETS AND FLOORING LIMITED (REGISTERED NUMBER: 08458938)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

Chris Ward Carpets and Flooring 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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 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 period 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.


CHRIS WARD CARPETS AND FLOORING LIMITED (REGISTERED NUMBER: 08458938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 31 December 2023 20,000
AMORTISATION
At 1 May 2023
and 31 December 2023 20,000
NET BOOK VALUE
At 31 December 2023 -
At 30 April 2023 -

CHRIS WARD CARPETS AND FLOORING LIMITED (REGISTERED NUMBER: 08458938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Property Plant and and
improvements machinery fittings
£    £    £   
COST
At 1 May 2023 3,451 250 5,346
Additions 1,410 - -
Disposals - - -
At 31 December 2023 4,861 250 5,346
DEPRECIATION
At 1 May 2023 - 201 802
Charge for period - 7 681
Eliminated on disposal - - -
At 31 December 2023 - 208 1,483
NET BOOK VALUE
At 31 December 2023 4,861 42 3,863
At 30 April 2023 3,451 49 4,544

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 11,825 - 20,872
Additions - 2,258 3,668
Disposals (11,825 ) (2,258 ) (14,083 )
At 31 December 2023 - - 10,457
DEPRECIATION
At 1 May 2023 2,956 - 3,959
Charge for period - - 688
Eliminated on disposal (2,956 ) - (2,956 )
At 31 December 2023 - - 1,691
NET BOOK VALUE
At 31 December 2023 - - 8,766
At 30 April 2023 8,869 - 16,913

CHRIS WARD CARPETS AND FLOORING LIMITED (REGISTERED NUMBER: 08458938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 31 DECEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade debtors 10,325 7,500
Other debtors 1,424 22,681
11,749 30,181

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Bank loans and overdrafts 5,646 5,679
Trade creditors 9,522 24,780
Amounts owed to participating interests 17,669 16,513
Taxation and social security 6,045 6,095
Other creditors 1,728 1,331
40,610 54,398

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2023
£    £   
Bank loans 30,076 33,616

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 7,493 10,335

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 December 2023 and the year ended 30 April 2023:

2023 2023
£    £   
C A Osbourne
Balance outstanding at start of period 20,743 59,629
Amounts advanced - 20,743
Amounts repaid (20,743 ) (59,629 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 20,743