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Rugs Supermarket.com Ltd
Registered Number:NI605464
For the year ended 30 November 2023
Northern Ireland
Unaudited Financial Statements
2
For the year ended 30 November 2023
Rugs Supermarket.com Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
NI605464
As at 30 November 2023
Rugs Supermarket.com Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
112,200
224,400
2
Property, plant and equipment
1,704,868
1,746,344
3
1,817,068
1,970,744
Current assets
Inventories
529,396
363,180
4
Trade and other receivables
147,197
139,039
5
1,644,363
Cash and cash equivalents
2,135,677
2,637,896
2,320,956
Trade and other payables: amounts falling due within one
year
(211,318)
(195,099)
6
2,109,638
2,442,797
Net current assets
Total assets less current liabilities
4,259,865
4,080,382
Trade and other payables: amounts falling due after more
than one year
(156,713)
(150,000)
7
(18,176)
(10,598)
Provisions for liabilities
4,091,689
Net assets
3,913,071
Capital and reserves
Called up share capital
140
140
Retained earnings
4,091,549
3,912,931
4,091,689
3,913,071
Shareholders' funds
For the year ended 30 November 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 30 November 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.
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4
Registered Number :
NI605464
For the year ended 30 November 2023
Rugs Supermarket.com Ltd
Statement of Financial Position Continued
Mr Malachy McParland Director
These financial statements were approved and authorised for issue by the Board on 12 March 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 30 November 2023
Rugs Supermarket.com Ltd
Notes to the Financial Statements
Statutory Information
Rugs Supermarket.com Ltd is a private limited company, limited by shares, domiciled in Northern Ireland, registration
number NI605464.
Registered address:
196 Coolmillish Road
Tassagh
Armagh
Armagh
BT60 2QW
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.
Property, plant and equipment
Property, plant and equipment, 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
2% Straight line
Plant and Machinery
15% Reducing balance
20% Reducing balance
Computer Equipment
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 December 2022
1,122,000
At 30 November 2023
1,122,000
Amortisation
At 01 December 2022
897,600
112,200
Charge for year
At 30 November 2023
1,009,800
Net book value
At 30 November 2023
112,200
At 30 November 2022
224,400
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6
For the year ended 30 November 2023
Rugs Supermarket.com Ltd
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Computer
Equipment
Plant and
Machinery
Land and
Buildings
£
£
£
£
Cost or
valuation
At 01 December 2022
1,937,659
799
59,988
1,876,872
673
673
-
-
Additions
At 30 November 2023
1,876,872
59,988
1,472
1,938,332
Provision for depreciation and impairment
At 01 December 2022
191,315
288
30,819
160,208
Charge for year
42,149
237
4,375
37,537
At 30 November 2023
233,464
525
35,194
197,745
At 30 November 2023
Net book value
1,679,127
24,794
947
1,704,868
At 30 November 2022
1,716,664
29,169
511
1,746,344
4. Inventories
2022
2023
£
£
Stocks
363,180
529,396
5. Trade and other receivables
2022
2023
£
£
Trade debtors
139,039
147,197
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
25,839
32,618
Taxation and social security
93,110
133,395
Other creditors
76,150
45,305
195,099
211,318
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7
For the year ended 30 November 2023
Rugs Supermarket.com Ltd
Notes to the Financial Statements Continued
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
150,000
156,713
8. Average number of persons employed
During the year the average number of employees was 7 (2022 : 8)
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