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Company Registration No. 09463197 (England and Wales)
ACR Carpets Ltd Unaudited accounts for the year ended 31 March 2024
ACR Carpets Ltd Unaudited accounts Contents
Page
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ACR Carpets Ltd Company Information for the year ended 31 March 2024
Directors
A C Robinson H R Robinson
Company Number
09463197 (England and Wales)
Registered Office
12 Trentham Close East Hunsbury Northampton Northamptonshire NN4 0WB
Accountants
Canary Accounting Limited 31 Lee Drive Houlton Rugby Warwickshire CV23 1AG
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ACR Carpets Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
412 
572 
Tangible assets
8,245 
23,319 
8,657 
23,891 
Current assets
Debtors
3,310 
410 
Cash at bank and in hand
75,520 
79,219 
78,830 
79,629 
Creditors: amounts falling due within one year
(69,206)
(66,469)
Net current assets
9,624 
13,160 
Total assets less current liabilities
18,281 
37,051 
Creditors: amounts falling due after more than one year
(9,791)
(15,941)
Provisions for liabilities
Deferred tax
(1,567)
(4,431)
Net assets
6,923 
16,679 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
6,913 
16,669 
Shareholders' funds
6,923 
16,679 
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by
A C Robinson Director Company Registration No. 09463197
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ACR Carpets Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
ACR Carpets Ltd is a private company, limited by shares, registered in England and Wales, registration number 09463197. The registered office is 12 Trentham Close, East Hunsbury, Northampton, Northamptonshire, NN4 0WB.
2
Compliance with accounting standards
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.
3
Accounting policies
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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
20% on cost
Motor vehicles
33% on cost
Fixtures & fittings
25% on cost
Computer equipment
33% on cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.
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ACR Carpets Ltd Notes to the Accounts for the year ended 31 March 2024
Deferred taxation
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.
Pension costs
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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
798 
At 31 March 2024
798 
Amortisation
At 1 April 2023
226 
Charge for the year
160 
At 31 March 2024
386 
Net book value
At 31 March 2024
412 
At 31 March 2023
572 
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ACR Carpets Ltd Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
2,941 
42,059 
768 
1,404 
47,172 
Disposals
- 
- 
(768)
- 
(768)
At 31 March 2024
2,941 
42,059 
- 
1,404 
46,404 
Depreciation
At 1 April 2023
587 
22,193 
768 
305 
23,853 
Charge for the year
588 
14,018 
- 
468 
15,074 
On disposals
- 
- 
(768)
- 
(768)
At 31 March 2024
1,175 
36,211 
- 
773 
38,159 
Net book value
At 31 March 2024
1,766 
5,848 
- 
631 
8,245 
At 31 March 2023
2,354 
19,866 
- 
1,099 
23,319 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
5,831 
19,814 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,030 
- 
Other debtors
280 
410 
3,310 
410 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
6,151 
5,849 
Trade creditors
29,427 
30,386 
Taxes and social security
32,952 
29,375 
Other creditors
676 
859 
69,206 
66,469 
Assets held under hire purchase assets are secured against the assets which they relate.
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
9,791 
15,941 
Assets held under hire purchase assets are secured against the assets which they relate.
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ACR Carpets Ltd Notes to the Accounts for the year ended 31 March 2024
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £0.10 each
10 
10 
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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