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REGISTERED NUMBER: OC400703 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE CARPET AND RUG CENTRE AMMANFORD LLP

THE CARPET AND RUG CENTRE AMMANFORD LLP (REGISTERED NUMBER: OC400703)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


THE CARPET AND RUG CENTRE AMMANFORD LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: A Lewis
A Pritchard





REGISTERED OFFICE: 27 Ilston
Llwynywhlwg
Llanelli
SA15 1PW





REGISTERED NUMBER: OC400703 (England and Wales)





ACCOUNTANTS: HB Enoch & Owen Ltd
Chartered Accountants and Chartered Tax Advisers
1 Spilman Street
Carmarthen
Carmarthenshire
SA31 1LE

THE CARPET AND RUG CENTRE AMMANFORD LLP (REGISTERED NUMBER: OC400703)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 MARCH 2024

The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

INCORPORATION
The LLP was incorporated on 6 July 2015 and commenced trading on 1 October 2015.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of carpet and rug retailers

DESIGNATED MEMBERS
The designated members during the year under review were:

A Lewis
A Pritchard

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £29,350.

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





A Lewis - Designated member


9 July 2024

THE CARPET AND RUG CENTRE AMMANFORD LLP (REGISTERED NUMBER: OC400703)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

Notes £   

TURNOVER 119,699

Cost of sales 66,626
GROSS PROFIT 53,073

Administrative expenses 22,975
OPERATING PROFIT 4 30,098


Interest payable and similar expenses 748
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




29,350

THE CARPET AND RUG CENTRE AMMANFORD LLP (REGISTERED NUMBER: OC400703)

BALANCE SHEET
31 MARCH 2024

Notes £    £   
FIXED ASSETS
Tangible assets 5 5,996

CURRENT ASSETS
Stocks 2,500
Debtors 6 83,523
Cash at bank and in hand 36,493
122,516
CREDITORS
Amounts falling due within one year 7 18,215
NET CURRENT ASSETS 104,301
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

110,297

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

110,297

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 110,297
Amounts due from members 6 (26,085 )
84,212

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 9 July 2024 and were signed by:



A Lewis - Designated member

THE CARPET AND RUG CENTRE AMMANFORD LLP (REGISTERED NUMBER: OC400703)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

The Carpet And Rug Centre Ammanford LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL.

4. OPERATING PROFIT

The operating profit is stated after charging:

£   
Depreciation - owned assets 1,433

THE CARPET AND RUG CENTRE AMMANFORD LLP (REGISTERED NUMBER: OC400703)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 27,098
Additions 125
Disposals (21 )
At 31 March 2024 27,202
DEPRECIATION
At 1 April 2023 19,773
Charge for year 1,433
At 31 March 2024 21,206
NET BOOK VALUE
At 31 March 2024 5,996
At 31 March 2023 7,325

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 55,707
Other debtors 27,816
83,523

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 3,941
Other creditors 14,274
18,215

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank below other creditors.