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Company Registration No. 09665420 (England and Wales)
Heywood Rug Company Limited Unaudited accounts for the year ended 31 July 2023
Heywood Rug Company Limited Unaudited accounts Contents
Page
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Heywood Rug Company Limited Company Information for the year ended 31 July 2023
Director
Robert James Gibson
Company Number
09665420 (England and Wales)
Registered Office
Unit 7 Stockfield Mill Stockfield Road Oldham OL9 9EW England
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Heywood Rug Company Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,178 
1,571 
Current assets
Inventories
35,000 
35,000 
Debtors
12,971 
45,360 
Cash at bank and in hand
24,606 
20,006 
72,577 
100,366 
Creditors: amounts falling due within one year
(111,373)
(135,871)
Net current liabilities
(38,796)
(35,505)
Net liabilities
(37,618)
(33,934)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(37,718)
(34,034)
Shareholders' funds
(37,618)
(33,934)
For the year ending 31 July 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 17 April 2024 and were signed on its behalf by
Robert James Gibson Director Company Registration No. 09665420
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Heywood Rug Company Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Heywood Rug Company Limited is a private company, limited by shares, registered in England and Wales, registration number 09665420. The registered office is Unit 7 Stockfield Mill, Stockfield Road, Oldham, OL9 9EW, England.
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.
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
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2022
2,396 
6,299 
3,330 
12,025 
At 31 July 2023
2,396 
6,299 
3,330 
12,025 
Depreciation
At 1 August 2022
2,083 
5,476 
2,895 
10,454 
Charge for the year
78 
206 
109 
393 
At 31 July 2023
2,161 
5,682 
3,004 
10,847 
Net book value
At 31 July 2023
235 
617 
326 
1,178 
At 31 July 2022
313 
823 
435 
1,571 
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Heywood Rug Company Limited Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,417 
7,176 
Accrued income and prepayments
2,354 
- 
Other debtors
4,200 
38,184 
12,971 
45,360 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
2,891 
2,464 
Trade creditors
15,111 
8,859 
Taxes and social security
- 
428 
Other creditors
- 
1,876 
Loans from directors
93,371 
122,244 
111,373 
135,871 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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