NK CARPETS LTD

Company Registration Number:
SC433773 (Scotland)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

NK CARPETS LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

NK CARPETS LTD

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 6,014 8,017
Total fixed assets: 6,014 8,017
Current assets
Stocks: 33,442 43,459
Debtors: 4 43,145 47,221
Cash at bank and in hand: 28,034 34,067
Total current assets: 104,621 124,747
Creditors: amounts falling due within one year: 5 (110,437) (80,083)
Net current assets (liabilities): (5,816) 44,664
Total assets less current liabilities: 198 52,681
Creditors: amounts falling due after more than one year: 6 (25,833) (35,833)
Provision for liabilities: (1,143) (1,523)
Total net assets (liabilities): (26,778) 15,325
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (26,878) 15,225
Shareholders funds: (26,778) 15,325

The notes form part of these financial statements

NK CARPETS LTD

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 July 2024
and signed on behalf of the board by:

Name: E KELLY
Status: Director

The notes form part of these financial statements

NK CARPETS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life Plant & machinery-25% on reducing balance

Valuation and information policy

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

Other accounting policies

Deferred tax is recognised in the accountsThe accounts are prepared on the going concern basis based on the continued support from Creditors .

NK CARPETS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 5 4

NK CARPETS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible Assets

Total
Cost £
At 01 November 2022 59,845
At 31 October 2023 59,845
Depreciation
At 01 November 2022 51,828
Charge for year 2,003
At 31 October 2023 53,831
Net book value
At 31 October 2023 6,014
At 31 October 2022 8,017

NK CARPETS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

NK CARPETS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

The amount due of £110437 is made up as follows : Trade creditors £76117 Taxation &social security £34320

NK CARPETS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Creditors: amounts falling due after more than one year note

The amount due of £25833 is in respect of other creditors

NK CARPETS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

7. Loans to directors

Name of director receiving advance or credit: E KELLY
Description of the loan: Advances
£
Balance at 01 November 2022 40,834
Advances or credits made: 816
Balance at 31 October 2023 41,650

The loan is interest bearing and is repayable on demand