CLOVER CARPETS LIMITED

Company Registration Number:
03520826 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

CLOVER CARPETS LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 12

CLOVER CARPETS LIMITED

Company Information

for the Period Ended 30 April 2024




Director: I Hopson
A Hopson
T Hopson
Secretary: P W Coulson
Registered office: 17
Lambsfrith Grove
Hempstead
Gillingham
England
ME7 3RU
Company Registration Number: 03520826 (England and Wales)

CLOVER CARPETS LIMITED

Directors' Report Period Ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Principal Activities

The principal activity of the company in the period under review continues to be that of the retail of carpets and floor-coverings.

Political and charitable donations

During the year the company did not make any political or charitable contributions.

Directors

The directors shown below have held office during the whole of the period from 01 May 2023 to 30 April 2024
I Hopson
A Hopson

The director(s) shown below were appointed to the company during the period
T Hopson
12 July 2023

Secretary
P W Coulson

This report was approved by the board of directors on 8 August 2024
And Signed On Behalf Of The Board By:

Name: I Hopson
Status: Director

CLOVER CARPETS LIMITED

Profit and Loss Account

for the Period Ended 30 April 2024


Notes

2024
£

2023
£
Turnover 1,756,460 1,875,780
Cost of sales ( 1,101,276 ) ( 1,239,584 )
Gross Profit or (Loss) 655,184 636,196
Administrative Expenses ( 475,139 ) ( 386,261 )
Operating Profit or (Loss) 180,045 249,935
Interest Receivable and Similar Income 9,564 1,306
Profit or (Loss) Before Tax 189,609 251,241
Tax on Profit ( 48,985 ) ( 46,487 )
Profit or (Loss) for Period 140,624 204,754

The notes form part of these financial statements

CLOVER CARPETS LIMITED

Balance sheet

As at 30 April 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 5 39,511 46,813
Total fixed assets: 39,511 46,813
Current assets
Debtors: 6 209,879 160,139
Cash at bank and in hand: 928,969 942,274
Total current assets: 1,138,848 1,102,413
Creditors: amounts falling due within one year: 7 ( 312,187 ) ( 325,678 )
Net current assets (liabilities): 826,661 776,735
Total assets less current liabilities: 866,172 823,548
Total net assets (liabilities): 866,172 823,548

The notes form part of these financial statements

CLOVER CARPETS LIMITED

Balance sheet continued

As at 30 April 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 866,072 823,448
Shareholders funds: 866,172 823,548

For the year ending 30 April 2024 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.

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

This report was approved by the board of directors on 8 August 2024
And Signed On Behalf Of The Board By:

Name: I Hopson
Status: Director

The notes form part of these financial statements

CLOVER CARPETS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    The accounts have been prepared under the historical cost convention.

    Turnover policy

    Turnover represents net invoiced sales of goods and services, excluding Value Added Tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Fixtures, fittings and equipment :- 25% on reducing balance; Motor vehicles :- 25% on reducing balance.

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed when circumstances indicate that the carrying value of an asset may not be fully recoverable.

CLOVER CARPETS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 9 8

CLOVER CARPETS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 3. Off balance sheet disclosure

    No

CLOVER CARPETS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Dividends


2024
£

2023
£
Dividends paid 98,000 98,000

CLOVER CARPETS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Tangible assets

Fixtures & fittings Motor vehicles Total
Cost £ £ £
At 01 May 2023 31,233 85,015 116,248
Additions 5,868 0 5,868
Disposals - - -
Revaluations - - -
Transfers - - -
At 30 April 2024 37,101 85,015 122,116
Depreciation
At 01 May 2023 21,628 47,807 69,435
Charge for year 3,868 9,302 13,170
On disposals - - -
Other adjustments - - -
At 30 April 2024 25,496 57,109 82,605
Net book value
At 30 April 2024 11,605 27,906 39,511
At 30 April 2023 9,605 37,208 46,813

CLOVER CARPETS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Debtors


2024
£

2023
£
Trade debtors 202,775 156,192
Other debtors 7,104 3,947
Total 209,879 160,139

CLOVER CARPETS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

7.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 21,520 31,468
Trade creditors 97,659 108,379
Taxation and social security 57,565 49,495
Other creditors 135,443 136,336
Total 312,187 325,678

CLOVER CARPETS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 8. Financial Commitments

    There were no capital commitments either contracted for or authorised by the directors but not contracted for at 30 April 2024 (2023: £nil).

CLOVER CARPETS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 9. Post balance sheet events

    There were no significant post balance sheet events.