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REGISTERED NUMBER: 04833203















N & S CARPET SUPPLIES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






N & S CARPET SUPPLIES LTD (REGISTERED NUMBER: 04833203)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N & S CARPET SUPPLIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mr N Gridley





SECRETARY: Mr J D Gridley





REGISTERED OFFICE: 424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SR





REGISTERED NUMBER: 04833203





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

N & S CARPET SUPPLIES LTD (REGISTERED NUMBER: 04833203)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 36,814 14,664
36,814 14,664

CURRENT ASSETS
Stocks 6 3,000 3,015
Debtors 7 20,977 6,655
Cash at bank 82,510 98,368
106,487 108,038
CREDITORS
Amounts falling due within one year 8 (27,855 ) (39,140 )
NET CURRENT ASSETS 78,632 68,898
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,446

83,562

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 115,444 83,560
SHAREHOLDERS' FUNDS 115,446 83,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

N & S CARPET SUPPLIES LTD (REGISTERED NUMBER: 04833203)

BALANCE SHEET - continued
31 OCTOBER 2023


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 7 March 2024 and were signed by:





Mr N Gridley - Director


N & S CARPET SUPPLIES LTD (REGISTERED NUMBER: 04833203)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

N & S Carpet Supplies Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixture & Fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

N & S CARPET SUPPLIES LTD (REGISTERED NUMBER: 04833203)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 14,000
AMORTISATION
At 1 November 2022
and 31 October 2023 14,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Fixture & Motor Computer
machinery Fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 287 2,126 46,344 1,140 49,897
Additions - - 37,000 - 37,000
Disposals - - (19,000 ) - (19,000 )
At 31 October 2023 287 2,126 64,344 1,140 67,897
DEPRECIATION
At 1 November 2022 99 2,107 32,272 755 35,233
Charge for year 47 5 12,134 128 12,314
Eliminated on disposal - - (16,464 ) - (16,464 )
At 31 October 2023 146 2,112 27,942 883 31,083
NET BOOK VALUE
At 31 October 2023 141 14 36,402 257 36,814
At 31 October 2022 188 19 14,072 385 14,664

6. STOCKS
2023 2022
£    £   
Stocks 3,000 3,015

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 18,978 5,220
Sundry debtors 466 352
Directors' current accounts 307 389
Prepayments 1,226 694
20,977 6,655

N & S CARPET SUPPLIES LTD (REGISTERED NUMBER: 04833203)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 16,776
Trade creditors 11,495 6,931
Corporation Tax 8,851 10,251
VAT 5,714 3,709
Sundry creditors 310 153
Accruals and deferred income 1,485 1,320
27,855 39,140

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr N Gridley.