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Company Registration No. 11538317 (England and Wales)
Valley Carpets Limited Unaudited accounts for the year ended 29 August 2023
Valley Carpets Limited Unaudited accounts Contents
Page
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Valley Carpets Limited Company Information for the year ended 29 August 2023
Director
Damien Leslie Pearce
Company Number
11538317 (England and Wales)
Registered Office
UNIT 12A PANT INDUSTRIAL ESTATE DOWLAIS MERTHYR TYDFIL CF48 2SR WALES
Accountants
Insight Accountancy Unit 16, Lamby Way Workshops Lamby Way Cardiff CF3 2EQ
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Valley Carpets Limited Statement of financial position as at 29 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,902 
17,257 
Current assets
Inventories
18,000 
7,000 
Cash at bank and in hand
1,535 
37,277 
19,535 
44,277 
Creditors: amounts falling due within one year
44,645 
65,591 
Net current assets
64,180 
109,868 
Total assets less current liabilities
77,082 
127,125 
Creditors: amounts falling due after more than one year
(20,000)
(58,547)
Net assets
57,082 
68,578 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
57,081 
68,577 
Shareholders' funds
57,082 
68,578 
For the year ending 29 August 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 31 July 2024 and were signed on its behalf by
Damien Leslie Pearce Director Company Registration No. 11538317
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Valley Carpets Limited Notes to the Accounts for the year ended 29 August 2023
1
Statutory information
Valley Carpets Limited is a private company, limited by shares, registered in England and Wales, registration number 11538317. The registered office is UNIT 12A PANT INDUSTRIAL ESTATE, DOWLAIS, MERTHYR TYDFIL, CF48 2SR, WALES.
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.
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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% Straight line method
Motor vehicles
25% Reducing balance method
Fixtures & fittings
25% Straight line method
Computer equipment
25% Straight line method
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 30 August 2022
220 
22,245 
230 
791 
23,486 
At 29 August 2023
220 
22,245 
230 
791 
23,486 
Depreciation
At 30 August 2022
165 
5,672 
48 
344 
6,229 
Charge for the year
55 
4,143 
45 
112 
4,355 
At 29 August 2023
220 
9,815 
93 
456 
10,584 
Net book value
At 29 August 2023
- 
12,430 
137 
335 
12,902 
At 29 August 2022
55 
16,573 
182 
447 
17,257 
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Valley Carpets Limited Notes to the Accounts for the year ended 29 August 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
6,007 
- 
Taxes and social security
3,114 
- 
Loans from directors
(53,766)
(65,591)
(44,645)
(65,591)
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
20,000 
20,000 
Trade creditors
- 
30,772 
Other creditors
- 
5,812 
Taxes and social security
- 
1,963 
20,000 
58,547 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Ryan Paul Evans
Ryan Evans
56,532 
- 
- 
56,532 
Damien Leslie Pearce
Damien Pearce
9,059 
- 
- 
9,059 
65,591 
- 
- 
65,591 
8
Average number of employees
During the year the average number of employees was 5 (2022: 6).
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