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REGISTERED NUMBER: 04557291 (England and Wales)















Unaudited Financial Statements for the Year Ended 12 July 2023

for

Culcheth Carpets Limited

Culcheth Carpets Limited (Registered number: 04557291)






Contents of the Financial Statements
for the Year Ended 12 July 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Culcheth Carpets Limited

Company Information
for the Year Ended 12 July 2023







DIRECTOR: P A Hill





REGISTERED OFFICE: 45 Dewhurst Road
Birchwood
Warrington
Lancashire
WA3 7PG





REGISTERED NUMBER: 04557291 (England and Wales)





ACCOUNTANTS: Ribble Valley Accountants Ltd
14 Towneley Parade
Longridge
Preston
Lancashire
PR3 3HU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Culcheth Carpets Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Culcheth Carpets Limited for the year ended 12 July 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the director of Culcheth Carpets Limited in accordance with the terms of our engagement letter dated 7 April 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Culcheth Carpets Limited and state those matters that we have agreed to state to the director of Culcheth Carpets Limited in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Culcheth Carpets Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Culcheth Carpets Limited. You consider that Culcheth Carpets 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 financial statements of Culcheth Carpets 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 financial statements.






Ribble Valley Accountants Ltd
14 Towneley Parade
Longridge
Preston
Lancashire
PR3 3HU


12 January 2024

Culcheth Carpets Limited (Registered number: 04557291)

Balance Sheet
12 July 2023

12.7.23 12.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,000 30,000
Tangible assets 5 19,998 3,890
49,998 33,890

CURRENT ASSETS
Stocks 6 - 2,900
Debtors 7 2,959 -
Cash at bank and in hand 49,584 75,216
52,543 78,116
CREDITORS
Amounts falling due within one year 8 38,337 61,431
NET CURRENT ASSETS 14,206 16,685
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,204

50,575

CREDITORS
Amounts falling due after more than one year 9 44,850 28,225
NET ASSETS 19,354 22,350

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 19,254 22,250
19,354 22,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 12 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 12 July 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 12 January 2024 and were signed by:



Mrs F Ward - Director


Culcheth Carpets Limited (Registered number: 04557291)

Notes to the Financial Statements
for the Year Ended 12 July 2023

1. STATUTORY INFORMATION

Culcheth Carpets 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Culcheth Carpets Limited (Registered number: 04557291)

Notes to the Financial Statements - continued
for the Year Ended 12 July 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 13 July 2022
and 12 July 2023 30,000
NET BOOK VALUE
At 12 July 2023 30,000
At 12 July 2022 30,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 13 July 2022 320 392 6,413 2,507 9,632
Additions - - 19,998 - 19,998
Disposals - - (6,413 ) - (6,413 )
At 12 July 2023 320 392 19,998 2,507 23,217
DEPRECIATION
At 13 July 2022 312 374 2,806 2,250 5,742
Charge for year 8 18 - 257 283
Eliminated on disposal - - (2,806 ) - (2,806 )
At 12 July 2023 320 392 - 2,507 3,219
NET BOOK VALUE
At 12 July 2023 - - 19,998 - 19,998
At 12 July 2022 8 18 3,607 257 3,890

6. STOCKS
12.7.23 12.7.22
£    £   
Stocks - 2,900

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
12.7.23 12.7.22
£    £   
Trade debtors 2,959 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
12.7.23 12.7.22
£    £   
Bank loans and overdrafts - 10,000
Trade creditors 13,096 28,629
Taxation and social security 4,036 3,116
Other creditors 21,205 19,686
38,337 61,431

Culcheth Carpets Limited (Registered number: 04557291)

Notes to the Financial Statements - continued
for the Year Ended 12 July 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
12.7.23 12.7.22
£    £   
Bank loans 29,219 28,225
Hire purchase contracts 15,631 -
44,850 28,225