Company Registration No. 04863889 (England and Wales)
Carpet Collections Limited
Unaudited accounts
for the year ended 30 September 2023
Carpet Collections Limited
Unaudited accounts
Contents
Carpet Collections Limited
Company Information
for the year ended 30 September 2023
Company Number
04863889 (England and Wales)
Registered Office
103 High Street
Waltham Cross
Herts
EN8 7AN
Accountants
Brindley Goldstein Ltd
103 High Street
Waltham Cross
EN8 7AN
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Carpet Collections Limited for the year ended 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Carpet Collections Limited for the year ended
30 September 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Carpet Collections Limited, as a body, in accordance with the terms of our engagement letter dated 12 August 2003. Our work has been undertaken solely to prepare for your approval the accounts of Carpet Collections Limited and state those matters that we have agreed to state to the Board of Directors of Carpet Collections Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Carpet Collections Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Carpet Collections Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Carpet Collections Limited. You consider that Carpet Collections Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Carpet Collections Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brindley Goldstein Ltd
Chartered Accountants
103 High Street
Waltham Cross
EN8 7AN
19 February 2024
Carpet Collections Limited
Statement of financial position
as at 30 September 2023
Tangible assets
10,337
12,491
Cash at bank and in hand
95,522
103,420
Creditors: amounts falling due within one year
(58,081)
(57,378)
Net current assets
45,973
54,674
Total assets less current liabilities
56,310
67,165
Creditors: amounts falling due after more than one year
(20,000)
(30,000)
Called up share capital
100
100
Profit and loss account
36,210
37,065
Shareholders' funds
36,310
37,165
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 February 2024 and were signed on its behalf by
L.Bentley
Director
Company Registration No. 04863889
Carpet Collections Limited
Notes to the Accounts
for the year ended 30 September 2023
Carpet Collections Limited is a private company, limited by shares, registered in England and Wales, registration number 04863889. The registered office is 103 High Street, Waltham Cross, Herts, EN8 7AN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Straight line
Fixtures & fittings
10% Straight line
Computer equipment
33 1/3% Straight line
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2022
12,621
5,820
3,111
21,552
Disposals
-
-
(3,111)
(3,111)
At 30 September 2023
12,621
5,820
1,021
19,462
At 1 October 2022
2,734
3,219
3,108
9,061
Charge for the year
2,524
393
255
3,172
On disposals
-
-
(3,108)
(3,108)
At 30 September 2023
5,258
3,612
255
9,125
At 30 September 2023
7,363
2,208
766
10,337
At 30 September 2022
9,887
2,601
3
12,491
Carpet Collections Limited
Notes to the Accounts
for the year ended 30 September 2023
Amounts falling due within one year
Accrued income and prepayments
4,932
4,932
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Trade creditors
23,103
28,316
Taxes and social security
12,377
12,360
Loans from directors
53
94
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
50 Ordinary A shares of £1 each
50
50
50 Ordinary B shares of £1 each
50
50
9
Transactions with related parties
The company was under the control of Mr.L.Bentley throughout the current year. Mr.L.Bentley is personally interested in 100% of the company's A shares and 100% of the company's B shares. Mr.L.Bentley received dividends from the company during the year of £49,100 (2022 £41,500).
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).