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REGISTERED NUMBER: 05054909 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2023

for

JORGUS CARPETS LIMITED

JORGUS CARPETS LIMITED (REGISTERED NUMBER: 05054909)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


JORGUS CARPETS LIMITED (REGISTERED NUMBER: 05054909)

Balance Sheet
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 144,264 171,968

CURRENT ASSETS
Stocks 55,894 104,838
Debtors 6 79,848 135,506
Cash at bank 293,507 252,108
429,249 492,452
CREDITORS
Amounts falling due within one year 7 181,057 221,839
NET CURRENT ASSETS 248,192 270,613
TOTAL ASSETS LESS CURRENT
LIABILITIES

392,456

442,581

CREDITORS
Amounts falling due after more than one
year

8

(19,167

)

(28,333

)

PROVISIONS FOR LIABILITIES 9 (3,738 ) (8,217 )
NET ASSETS 369,551 406,031

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 369,451 405,931
SHAREHOLDERS' FUNDS 369,551 406,031

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 directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





Mr A Broadhead - Director


JORGUS CARPETS LIMITED (REGISTERED NUMBER: 05054909)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Jorgus Carpets Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05054909

Registered office: 1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance

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

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.

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.

JORGUS CARPETS LIMITED (REGISTERED NUMBER: 05054909)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 7 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2022 200,000 70,021 - 46,951 316,972
Additions - 11,445 250 - 11,695
Disposals - - - (31,991 ) (31,991 )
At 30 September 2023 200,000 81,466 250 14,960 296,676
DEPRECIATION
At 1 October 2022 72,000 64,510 - 8,494 145,004
Charge for year 4,000 2,949 19 1,506 8,474
Eliminated on disposal - - - (1,066 ) (1,066 )
At 30 September 2023 76,000 67,459 19 8,934 152,412
NET BOOK VALUE
At 30 September 2023 124,000 14,007 231 6,026 144,264
At 30 September 2022 128,000 5,511 - 38,457 171,968

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 74,315 130,558
Other debtors 5,533 4,948
79,848 135,506

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 116,946 147,102
Taxation and social security 18,051 8,797
Other creditors 36,060 55,940
181,057 221,839

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans 19,167 28,333

9. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax 3,738 8,217

JORGUS CARPETS LIMITED (REGISTERED NUMBER: 05054909)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2022 8,217
Provided during year (4,479 )
Balance at 30 September 2023 3,738

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
100 Share capital 1 1 100 100