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REGISTERED NUMBER: 12213273 (England and Wales)










Adam Jones Carpets & Flooring Limited

Unaudited Financial Statements

for the Year Ended 30 September 2023






Adam Jones Carpets & Flooring Limited (Registered number: 12213273)






Contents of the Financial Statements
for the year ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Adam Jones Carpets & Flooring Limited

Company Information
for the year ended 30 September 2023







DIRECTOR: Mr A L Jones





REGISTERED OFFICE: Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN





REGISTERED NUMBER: 12213273 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Adam Jones Carpets & Flooring Limited (Registered number: 12213273)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,519 29,374

CURRENT ASSETS
Stocks 51,835 32,845
Debtors 5 15,301 7,094
Cash at bank and in hand 985 6,825
68,121 46,764
CREDITORS
Amounts falling due within one year 6 91,815 60,730
NET CURRENT LIABILITIES (23,694 ) (13,966 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,825

15,408

CREDITORS
Amounts falling due after more than one
year

7

1,118

13,430
NET ASSETS 2,707 1,978

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 2,657 1,928
2,707 1,978

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 22 January 2024 and were signed by:





Mr A L Jones - Director


Adam Jones Carpets & Flooring Limited (Registered number: 12213273)

Notes to the Financial Statements
for the year ended 30 September 2023

1. STATUTORY INFORMATION

Adam Jones Carpets & Flooring 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.

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 etc - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 2 (2022 - 3 ) .

Adam Jones Carpets & Flooring Limited (Registered number: 12213273)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 35,467
Additions 3,625
At 30 September 2023 39,092
DEPRECIATION
At 1 October 2022 6,093
Charge for year 5,480
At 30 September 2023 11,573
NET BOOK VALUE
At 30 September 2023 27,519
At 30 September 2022 29,374

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,301 7,094

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 35,821 -
Hire purchase contracts 9,263 4,980
Trade creditors 5,453 8,230
Taxation and social security 16,224 12,529
Other creditors 25,054 34,991
91,815 60,730

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 9,020
Other creditors 1,118 4,410
1,118 13,430