2022-04-01 08053584 2023-03-31 08053584 2022-04-01 2023-03-31 08053584 2022-03-31 08053584 2021-04-01 2022-03-31 08053584 uk-core:WithinOneYear 2022-03-31 08053584 uk-core:WithinOneYear 2023-03-31 08053584 uk-core:AfterOneYear 2022-03-31 08053584 uk-core:AfterOneYear 2023-03-31 08053584 uk-core:ShareCapital 2023-03-31 08053584 uk-core:ShareCapital 2022-03-31 08053584 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 08053584 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 08053584 uk-bus:Director1 2022-04-01 2023-03-31 08053584 uk-core:NetGoodwill 2022-04-01 2023-03-31 08053584 uk-core:LeaseholdImprovements 2022-04-01 2023-03-31 08053584 uk-core:FurnitureFittings 2022-04-01 2023-03-31 08053584 uk-core:Goodwill 2022-03-31 08053584 uk-core:Goodwill 2023-03-31 08053584 uk-core:Goodwill 2022-04-01 2023-03-31 08053584 uk-core:FurnitureFittings 2022-03-31 08053584 uk-core:LeaseholdImprovements 2022-03-31 08053584 uk-core:LeaseholdImprovements 2023-03-31 08053584 uk-core:FurnitureFittings 2023-03-31 08053584 uk-core:WithinOneYear 2023-03-31 08053584 uk-core:WithinOneYear 2022-03-31 08053584 uk-core:AfterOneYear uk-core:Secured 2023-03-31 08053584 uk-core:AfterOneYear uk-core:Secured 2022-03-31 iso4217:GBP xbrli:pure 08053584 uk-bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 08053584 uk-bus:FRS102 2022-04-01 2023-03-31 08053584 uk-bus:FullAccounts 2022-04-01 2023-03-31 08053584 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
Austhorpe Carpets Limited
Registered Number:08053584
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
Austhorpe Carpets Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
08053584
As at 31 March 2023
Austhorpe Carpets Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
-
7,425
2
Property, plant and equipment
11,618
16,318
3
11,618
23,743
Current assets
Inventories
107,546
123,379
4
Trade and other receivables
20,297
33,806
5
20,697
Cash and cash equivalents
30,570
187,755
148,540
Trade and other payables: amounts falling due within one year
(130,480)
(197,261)
6
18,060
(9,506)
Net current liabilities
Total assets less current liabilities
2,112
41,803
Trade and other payables: amounts falling due after more than one year
(31,667)
(21,667)
7
(19,555)
Net assets/liabilities
10,136
Capital and reserves
Called up share capital
20,000
20,000
Retained earnings
(39,555)
(9,864)
(19,555)
10,136
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Barry John MacFarlane Director
These financial statements were approved and authorised for issue by the Board on 19 October 2023 and were signed by:
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4
Registered Number :
08053584
For the year ended 31 March 2023
Austhorpe Carpets Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 March 2023
Austhorpe Carpets Limited
Notes to the Financial Statements
Statutory Information
Austhorpe Carpets Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 08053584.
Principal place of business:
T/A United Carpets
1 Austhorpe Road
Crossgates
Leeds
LS15 8QR
Registered address:
Horizon House
2 Whiting Street
Sheffield
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life of 10 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
10% Straight line
10% Straight line
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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6
For the year ended 31 March 2023
Austhorpe Carpets Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2022
99,000
At 31 March 2023
99,000
Amortisation
At 01 April 2022
91,575
7,425
Charge for year
At 31 March 2023
99,000
Net book value
At 31 March 2023
-
At 31 March 2022
7,425
3. Property, plant and equipment
Total
Fixtures and
fittings
Land and buildings
£
£
£
Cost or valuation
At 01 April 2022
22,700
750
21,950
6,695
6,695
-
Additions
-
(9,950)
Disposals
(9,950)
At 31 March 2023
12,000
7,445
19,445
Provision for depreciation and impairment
At 01 April 2022
6,382
550
5,832
Charge for year
1,445
577
868
At 31 March 2023
7,827
1,127
6,700
At 31 March 2023
Net book value
5,300
6,318
11,618
At 31 March 2022
16,118
200
16,318
4. Inventories
2022
2023
£
£
Stocks
123,379
107,546
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7
For the year ended 31 March 2023
Austhorpe Carpets Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2022
2023
£
£
Trade debtors
2,020
2,020
Other debtors
31,786
18,277
20,297
33,806
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
10,000
10,000
Trade creditors
154,826
74,879
Taxation and social security
4,258
11,732
Other creditors
28,177
33,869
197,261
130,480
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
21,667
31,667
8. Average number of persons employed
During the year the average number of employees was 5 (2022 : 6)
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