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REGISTERED NUMBER: 04491272 (England and Wales)















T. MARRIS CARPETS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2023






T. MARRIS CARPETS LIMITED (REGISTERED NUMBER: 04491272)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


T. MARRIS CARPETS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2023







DIRECTORS: B A Marris
C B Marris
T F Marris
M Parrinder





SECRETARY: T F Marris





REGISTERED OFFICE: 28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB





REGISTERED NUMBER: 04491272 (England and Wales)

T. MARRIS CARPETS LIMITED (REGISTERED NUMBER: 04491272)

BALANCE SHEET
31ST AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,529 4,221
3,529 4,221

CURRENT ASSETS
Stocks 6 15,127 12,469
Debtors 7 9,314 10,786
Cash at bank and in hand 23,855 24,275
48,296 47,530
CREDITORS
Amounts falling due within one year 8 37,762 51,670
NET CURRENT ASSETS/(LIABILITIES) 10,534 (4,140 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,063

81

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 13,961 (21 )
SHAREHOLDERS' FUNDS 14,063 81

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

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 5th April 2024 and were signed on its behalf by:





B A Marris - Director


T. MARRIS CARPETS LIMITED (REGISTERED NUMBER: 04491272)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023

1. STATUTORY INFORMATION

T. Marris 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.

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 consists of income generated from the company's principal activity, as disclosed in the director's report, net of Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, has been 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.
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

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 year 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.

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 year 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

T. MARRIS CARPETS LIMITED (REGISTERED NUMBER: 04491272)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st September 2022
and 31st August 2023 35,000
AMORTISATION
At 1st September 2022
and 31st August 2023 35,000
NET BOOK VALUE
At 31st August 2023 -
At 31st August 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st September 2022
and 31st August 2023 6,152 42,823 48,975
DEPRECIATION
At 1st September 2022 1,931 42,823 44,754
Charge for year 692 - 692
At 31st August 2023 2,623 42,823 45,446
NET BOOK VALUE
At 31st August 2023 3,529 - 3,529
At 31st August 2022 4,221 - 4,221

6. STOCKS
31.8.23 31.8.22
£    £   
Stocks 15,127 12,469

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 7,490 8,790
Prepayments 1,824 1,996
9,314 10,786

T. MARRIS CARPETS LIMITED (REGISTERED NUMBER: 04491272)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts - 1,833
Trade creditors 6,668 19,550
Current corporation tax 9,080 5,260
Social security and other taxes 671 348
VAT 3,570 6,906
Directors' current accounts 17,483 17,483
Accrued expenses 290 290
37,762 51,670

9. ULTIMATE CONTROLLING PARTY

The company is controlled by it's directors who jointly own 100% of the voting rights, however no individual has overall control.