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
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
Valley Carpets Limited
Statement of financial position
as at 29 August 2023
Tangible assets
12,902
17,257
Cash at bank and in hand
1,535
37,277
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)
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
Valley Carpets Limited
Notes to the Accounts
for the year ended 29 August 2023
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.
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% 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
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
At 29 August 2023
-
12,430
137
335
12,902
At 29 August 2022
55
16,573
182
447
17,257
Valley Carpets Limited
Notes to the Accounts
for the year ended 29 August 2023
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
3,114
-
Loans from directors
(53,766)
(65,591)
6
Creditors: amounts falling due after more than one year
2023
2022
Taxes and social security
-
1,963
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Ryan Evans
56,532
-
-
56,532
Damien Pearce
9,059
-
-
9,059
8
Average number of employees
During the year the average number of employees was 5 (2022: 6).