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Company Registration No. 04863889 (England and Wales)
Carpet Collections Limited Unaudited accounts for the year ended 30 September 2023
Carpet Collections Limited Unaudited accounts Contents
Page
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Carpet Collections Limited Company Information for the year ended 30 September 2023
Director
L.Bentley
Company Number
04863889 (England and Wales)
Registered Office
103 High Street Waltham Cross Herts EN8 7AN
Accountants
Brindley Goldstein Ltd 103 High Street Waltham Cross EN8 7AN
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Carpet Collections Limited for the year ended 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Carpet Collections Limited for the year ended 30 September 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Carpet Collections Limited, as a body, in accordance with the terms of our engagement letter dated 12 August 2003. Our work has been undertaken solely to prepare for your approval the accounts of Carpet Collections Limited and state those matters that we have agreed to state to the Board of Directors of Carpet Collections Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Carpet Collections Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Carpet Collections Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Carpet Collections Limited. You consider that Carpet Collections Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Carpet Collections Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brindley Goldstein Ltd Chartered Accountants 103 High Street Waltham Cross EN8 7AN 19 February 2024
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Carpet Collections Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,337 
12,491 
Current assets
Inventories
1,100 
1,200 
Debtors
7,432 
7,432 
Cash at bank and in hand
95,522 
103,420 
104,054 
112,052 
Creditors: amounts falling due within one year
(58,081)
(57,378)
Net current assets
45,973 
54,674 
Total assets less current liabilities
56,310 
67,165 
Creditors: amounts falling due after more than one year
(20,000)
(30,000)
Net assets
36,310 
37,165 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
36,210 
37,065 
Shareholders' funds
36,310 
37,165 
For the year ending 30 September 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 19 February 2024 and were signed on its behalf by
L.Bentley Director Company Registration No. 04863889
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Carpet Collections Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Carpet Collections Limited is a private company, limited by shares, registered in England and Wales, registration number 04863889. The registered office is 103 High Street, Waltham Cross, Herts, EN8 7AN.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Motor vehicles
20% Straight line
Fixtures & fittings
10% Straight line
Computer equipment
33 1/3% Straight line
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2022
12,621 
5,820 
3,111 
21,552 
Additions
- 
- 
1,021 
1,021 
Disposals
- 
- 
(3,111)
(3,111)
At 30 September 2023
12,621 
5,820 
1,021 
19,462 
Depreciation
At 1 October 2022
2,734 
3,219 
3,108 
9,061 
Charge for the year
2,524 
393 
255 
3,172 
On disposals
- 
- 
(3,108)
(3,108)
At 30 September 2023
5,258 
3,612 
255 
9,125 
Net book value
At 30 September 2023
7,363 
2,208 
766 
10,337 
At 30 September 2022
9,887 
2,601 
3 
12,491 
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Carpet Collections Limited Notes to the Accounts for the year ended 30 September 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
4,932 
4,932 
Other debtors
2,500 
2,500 
7,432 
7,432 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
10,688 
5,450 
Trade creditors
23,103 
28,316 
Taxes and social security
12,377 
12,360 
Other creditors
810 
158 
Loans from directors
53 
94 
Accruals
1,050 
1,000 
58,081 
57,378 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
20,000 
30,000 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
50 Ordinary A shares of £1 each
50 
50 
50 Ordinary B shares of £1 each
50 
50 
100 
100 
9
Transactions with related parties
The company was under the control of Mr.L.Bentley throughout the current year. Mr.L.Bentley is personally interested in 100% of the company's A shares and 100% of the company's B shares. Mr.L.Bentley received dividends from the company during the year of £49,100 (2022 £41,500).
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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