2022-04-01 05612465 2023-03-31 05612465 2022-04-01 2023-03-31 05612465 2022-03-31 05612465 2021-04-01 2022-03-31 05612465 uk-core:WithinOneYear 2022-03-31 05612465 uk-core:WithinOneYear 2023-03-31 05612465 uk-core:ShareCapital 2023-03-31 05612465 uk-core:ShareCapital 2022-03-31 05612465 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 05612465 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 05612465 uk-bus:Director1 2022-04-01 2023-03-31 05612465 uk-core:NetGoodwill 2022-04-01 2023-03-31 05612465 uk-core:LandBuildings 2022-04-01 2023-03-31 05612465 uk-core:PlantMachinery 2022-04-01 2023-03-31 05612465 uk-core:ToolsEquipment 2022-04-01 2023-03-31 05612465 uk-core:Vehicles 2022-04-01 2023-03-31 05612465 uk-core:Goodwill 2022-03-31 05612465 uk-core:Goodwill 2023-03-31 05612465 uk-core:ToolsEquipment 2022-03-31 05612465 uk-core:Vehicles 2022-03-31 05612465 uk-core:PlantMachinery 2022-03-31 05612465 uk-core:LandBuildings 2022-03-31 05612465 uk-core:PlantMachinery 2023-03-31 05612465 uk-core:Vehicles 2023-03-31 05612465 uk-core:ToolsEquipment 2023-03-31 05612465 uk-core:LandBuildings 2023-03-31 iso4217:GBP xbrli:pure 05612465 uk-bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 05612465 uk-bus:FRS102 2022-04-01 2023-03-31 05612465 uk-bus:FullAccounts 2022-04-01 2023-03-31 05612465 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
Stechford Carpets Limited
Registered Number:05612465
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
Stechford Carpets Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
05612465
As at 31 March 2023
Stechford Carpets Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
31,296
38,541
3
31,296
38,541
Current assets
Inventories
80,183
51,982
4
Trade and other receivables
41,042
128,611
5
97,740
Cash and cash equivalents
25,625
206,218
218,965
Trade and other payables: amounts falling due within one year
(192,376)
(230,568)
6
26,589
(24,350)
Net current liabilities
Total assets less current liabilities
6,946
65,130
6,946
Net assets
65,130
Capital and reserves
Called up share capital
20,000
20,000
Retained earnings
(13,054)
45,130
6,946
65,130
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Naeem Arif Director
These financial statements were approved and authorised for issue by the Board on 23 January 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2023
Stechford Carpets Limited
Notes to the Financial Statements
Statutory Information
Stechford Carpets Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 05612465.
Principal place of business:
T/A United Carpets and Beds
166-172 Station Road
Stechford
Birmingham
B33 8BT
Registered address:
Horizon House
2 Whiting Street
Sheffield
S8 9QR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of 10 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
10% Straight line
Plant and machinery
10% Straight line
25% Straight line
Computer equipment
20% Straight line
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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5
For the year ended 31 March 2023
Stechford Carpets Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2022
80,000
At 31 March 2023
80,000
Amortisation
At 01 April 2022
80,000
At 31 March 2023
80,000
Net book value
At 31 March 2023
-
At 31 March 2022
-
3. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
Plant and
machinery
Land and buildings
£
£
£
£
£
Cost or valuation
At 01 April 2022
64,422
1,073
19,567
1,600
42,182
At 31 March 2023
1,600
19,567
1,073
64,422
42,182
Provision for depreciation and impairment
At 01 April 2022
25,881
716
9,180
827
15,158
Charge for year
7,245
268
3,080
160
3,737
At 31 March 2023
33,126
984
12,260
987
18,895
At 31 March 2023
Net book value
23,287
613
7,307
89
31,296
At 31 March 2022
27,024
773
10,387
357
38,541
4. Inventories
2022
2023
£
£
Stocks
51,982
80,183
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6
For the year ended 31 March 2023
Stechford Carpets Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2022
2023
£
£
Trade debtors
61,158
-
Other debtors
67,453
41,042
41,042
128,611
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
84,790
81,793
Taxation and social security
64,407
52,465
Other creditors
81,371
58,118
230,568
192,376
7. Average number of persons employed
During the year the average number of employees was 9 (2022 : 7)
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