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REGISTERED NUMBER: 02492497 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Carpet Matters Limited

Carpet Matters Limited (Registered number: 02492497)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Carpet Matters Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr D J Armstrong



SECRETARY: Mrs J F Armstrong



REGISTERED OFFICE: Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL



REGISTERED NUMBER: 02492497 (England and Wales)



ACCOUNTANTS: BPSL
Brooms Professional Services Limited
Chartered Certified Accountants
Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL



BANKERS: National Westminster Bank Plc
PO Box 150
43 High Street
Rayleigh
Essex
SS6 7EH

Carpet Matters Limited (Registered number: 02492497)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,978 54,172

CURRENT ASSETS
Stocks 21,094 21,088
Debtors 5 23,477 39,892
Cash at bank and in hand 26,005 16,851
70,576 77,831
CREDITORS
Amounts falling due within one year 6 57,544 63,778
NET CURRENT ASSETS 13,032 14,053
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,010

68,225

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 63,910 68,125
SHAREHOLDERS' FUNDS 64,010 68,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 14 February 2024 and were signed by:





Mr D J Armstrong - Director


Carpet Matters Limited (Registered number: 02492497)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Carpet Matters 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles Equipment Totals
£    £    £   
COST
At 1 July 2022 58,234 68,819 127,053
Additions 10,829 562 11,391
At 30 June 2023 69,063 69,381 138,444
DEPRECIATION
At 1 July 2022 7,500 65,381 72,881
Charge for year 13,585 1,000 14,585
At 30 June 2023 21,085 66,381 87,466
NET BOOK VALUE
At 30 June 2023 47,978 3,000 50,978
At 30 June 2022 50,734 3,438 54,172

Carpet Matters Limited (Registered number: 02492497)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 7,329 19,296
Directors' current accounts 10,000 -
Prepayments 6,148 20,596
23,477 39,892

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 22,307 27,728
Tax 10,235 1,650
Social security and other taxes 1,314 579
VAT 16,728 15,803
Other creditors 1,588 8,629
Directors' current accounts - 3,600
Accrued expenses 5,372 5,789
57,544 63,778