Company Registration No. 09665420 (England and Wales)
Heywood Rug Company Limited
Unaudited accounts
for the year ended 31 July 2023
Heywood Rug Company Limited
Unaudited accounts
Contents
Heywood Rug Company Limited
Company Information
for the year ended 31 July 2023
Director
Robert James Gibson
Company Number
09665420 (England and Wales)
Registered Office
Unit 7 Stockfield Mill
Stockfield Road
Oldham
OL9 9EW
England
Heywood Rug Company Limited
Statement of financial position
as at 31 July 2023
Tangible assets
1,178
1,571
Cash at bank and in hand
24,606
20,006
Creditors: amounts falling due within one year
(111,373)
(135,871)
Net current liabilities
(38,796)
(35,505)
Net liabilities
(37,618)
(33,934)
Called up share capital
100
100
Profit and loss account
(37,718)
(34,034)
Shareholders' funds
(37,618)
(33,934)
For the year ending 31 July 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 17 April 2024 and were signed on its behalf by
Robert James Gibson
Director
Company Registration No. 09665420
Heywood Rug Company Limited
Notes to the Accounts
for the year ended 31 July 2023
Heywood Rug Company Limited is a private company, limited by shares, registered in England and Wales, registration number 09665420. The registered office is Unit 7 Stockfield Mill, Stockfield Road, Oldham, OL9 9EW, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
2,396
6,299
3,330
12,025
At 31 July 2023
2,396
6,299
3,330
12,025
At 1 August 2022
2,083
5,476
2,895
10,454
Charge for the year
78
206
109
393
At 31 July 2023
2,161
5,682
3,004
10,847
At 31 July 2023
235
617
326
1,178
At 31 July 2022
313
823
435
1,571
Heywood Rug Company Limited
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Accrued income and prepayments
2,354
-
Other debtors
4,200
38,184
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
15,111
8,859
Taxes and social security
-
428
Loans from directors
93,371
122,244
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).