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Company Registration No. 02171624 (England and Wales)
The Carpet Bureau Limited Unaudited accounts for the year ended 31 December 2023
The Carpet Bureau Limited Unaudited accounts Contents
Page
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The Carpet Bureau Limited Company Information for the year ended 31 December 2023
Directors
Mr Bryan M S Robison Mr Zachary Robison Mr James Robison
Company Number
02171624 (England and Wales)
Registered Office
222 Battersea Park Road London SW11 4ND
Accountants
Jerome Associates Ltd Cherry Tree Barn Newchurch Kington Herefordshire HR5 3QF
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The Carpet Bureau Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
66,035 
78,982 
Current assets
Inventories
80,598 
98,457 
Debtors
118,448 
93,686 
Investments
503,734 
- 
Cash at bank and in hand
220,143 
568,093 
922,923 
760,236 
Creditors: amounts falling due within one year
(179,425)
(109,900)
Net current assets
743,498 
650,336 
Total assets less current liabilities
809,533 
729,318 
Provisions for liabilities
Deferred tax
(5,366)
(6,538)
Net assets
804,167 
722,780 
Capital and reserves
Called up share capital
50 
50 
Capital redemption reserve
50 
50 
Profit and loss account
804,067 
722,680 
Shareholders' funds
804,167 
722,780 
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by
Mr Bryan M S Robison Director Company Registration No. 02171624
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The Carpet Bureau Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
The Carpet Bureau Limited is a private company, limited by shares, registered in England and Wales, registration number 02171624. The registered office is 222 Battersea Park Road, London, SW11 4ND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
15% reducing balance basis
Motor vehicles
25% reducing balance basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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The Carpet Bureau Limited Notes to the Accounts for the year ended 31 December 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
206,042 
81,783 
287,825 
Additions
3,065 
6,008 
9,073 
At 31 December 2023
209,107 
87,791 
296,898 
Depreciation
At 1 January 2023
182,241 
26,602 
208,843 
Charge for the year
6,723 
15,297 
22,020 
At 31 December 2023
188,964 
41,899 
230,863 
Net book value
At 31 December 2023
20,143 
45,892 
66,035 
At 31 December 2022
23,801 
55,181 
78,982 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
84,466 
70,291 
Accrued income and prepayments
33,982 
23,395 
118,448 
93,686 
6
Investments held as current assets
2023 
2022 
£ 
£ 
Unlisted investments
503,734 
Curernt asset investments are comprised entirely of cash fixed term deposits of more than 3 months. As at the balance sheet date, the average time to maturity was 9 months. The effective interest rate method is used to accrue interest in the correct period.
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The Carpet Bureau Limited Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
65,477 
43,976 
Taxes and social security
88,296 
76,208 
Other creditors
1,198 
565 
Loans from directors
(5,583)
(15,974)
Accruals
30,037 
5,125 
179,425 
109,900 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
50 Ordinary shares of £1 each
50 
50 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan account
(430)
23,813 
31,692 
(8,309)
Loan account
8,202 
3,750 
5,004 
6,948 
Loan account
8,202 
3,750 
5,004 
6,948 
15,974 
31,313 
41,700 
5,587 
The company made advances during the year to the directors, and no interest was charged on the outstanding loans as at the balance sheet date.
10
Average number of employees
During the year the average number of employees was 6 (2022: 5).
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