IRIS Accounts Production v24.2.0.383 01708105 Board of Directors 1.5.23 30.4.24 30.4.24 11.6.24 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh017081052023-04-30017081052024-04-30017081052023-05-012024-04-30017081052022-04-30017081052022-05-012023-04-30017081052023-04-3001708105ns15:EnglandWales2023-05-012024-04-3001708105ns14:PoundSterling2023-05-012024-04-3001708105ns10:Director12023-05-012024-04-3001708105ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3001708105ns10:SmallEntities2023-05-012024-04-3001708105ns10:Audited2023-05-012024-04-3001708105ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3001708105ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3001708105ns10:FullAccounts2023-05-012024-04-3001708105ns10:Director22023-05-012024-04-3001708105ns10:CompanySecretary12023-05-012024-04-3001708105ns10:RegisteredOffice2023-05-012024-04-3001708105ns5:CurrentFinancialInstruments2024-04-3001708105ns5:CurrentFinancialInstruments2023-04-3001708105ns5:ShareCapital2024-04-3001708105ns5:ShareCapital2023-04-3001708105ns5:RetainedEarningsAccumulatedLosses2024-04-3001708105ns5:RetainedEarningsAccumulatedLosses2023-04-3001708105ns5:PlantMachinery2023-05-012024-04-3001708105ns5:PlantMachinery2023-04-3001708105ns5:PlantMachinery2024-04-3001708105ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3001708105ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3001708105ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-04-3001708105ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-04-3001708105ns5:WithinOneYear2024-04-3001708105ns5:WithinOneYear2023-04-3001708105ns5:BetweenOneFiveYears2024-04-3001708105ns5:BetweenOneFiveYears2023-04-3001708105ns5:AllPeriods2024-04-3001708105ns5:AllPeriods2023-04-300170810512023-05-012024-04-30
REGISTERED NUMBER: 01708105 (England and Wales)












EGE CARPETS UK LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






EGE CARPETS UK LTD (REGISTERED NUMBER: 01708105)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EGE CARPETS UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr M Skibsted
Mr G D A Bourdet



SECRETARY: Mr M Skibsted



REGISTERED OFFICE: Matrix Business Park
12 Eaton Avenue
Buckshaw Village
Chorley
Lancashire
PR7 7NA



REGISTERED NUMBER: 01708105 (England and Wales)



AUDITORS: Rushtons
Chartered Accountants
Statutory Auditors
Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB



BANKERS: Danske Bank
75 King William Street
London
EC4N 7DT

EGE CARPETS UK LTD (REGISTERED NUMBER: 01708105)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 96,667 -
Debtors 5 1,710,777 2,739,394
Cash at bank and in hand 653,033 409,331
2,460,477 3,148,725
CREDITORS
Amounts falling due within one year 6 1,221,488 1,250,442
NET CURRENT ASSETS 1,238,989 1,898,283
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,238,989

1,898,283

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,237,989 1,897,283
SHAREHOLDERS' FUNDS 1,238,989 1,898,283

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2024 and were signed on its behalf by:





Mr G D A Bourdet - Director


EGE CARPETS UK LTD (REGISTERED NUMBER: 01708105)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Ege Carpets UK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company designs, develops and produces high quality carpets.

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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the design, development and production of high quality carpets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - Straight line over 5 years and Straight line over 3 years

Tangible assets are measured at cost less accumulated depreciated and any accumulated impairment losses.

Individual items of plant, fixtures and fittings with a purchase cost equivalent to 50,000 DKK or less are written off in the year of acquisition in accordance with the group accounting policy.The costs of decorating rented premises are included in the profit and loss account in the year of expenditure.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


EGE CARPETS UK LTD (REGISTERED NUMBER: 01708105)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
In preparing the financial statements of the individual entities, transactions in currencies other than the functional currency of the individual entities (foreign currencies) are recognised at the spot rate at the dates of the transactions, or at an average rate where this rate approximates the actual rate at the date of the transaction. At the end of each reporting period, monetary items denominated in foreign currencies are retranslated at the rates prevailing at that date. Non-monetary items that are measured in terms of historical cost in a foreign currency are not retranslated.

Hire purchase and leasing commitments
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership of the leased asset to the group. All other leases are classified as operating leases.

Assets held under finance leases are recognised initially at the fair value of the leased asset (or, if lower, the present value of minimum lease payments) at the inception of the lease. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation. Lease payments are apportioned between finance charges and reduction of the lease obligation using the effective interest method so as to achieve a constant rate of interest on the remaining balance of the liability. Finance charges are deducted in measuring profit or loss. Assets held under finance leases are included in tangible fixed assets and depreciated and assessed for impairment losses in the same way as owned assets.

Rentals payable under operating leases are charged to profit or loss on a straight-line
basis over the lease term

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

EGE CARPETS UK LTD (REGISTERED NUMBER: 01708105)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 128,216
DEPRECIATION
At 1 May 2023
and 30 April 2024 128,216
NET BOOK VALUE
At 30 April 2024 -

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 1,578,387 1,844,580
Amounts owed by group undertakings - 746,647
Other debtors 61,165 76,942
1,639,552 2,668,169

Amounts falling due after more than one year:
Other debtors 71,225 71,225

Aggregate amounts 1,710,777 2,739,394

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 409,054 280,602
Amounts owed to group undertakings 13,821 275,269
Taxation and social security 653,001 589,181
Other creditors 145,612 105,390
1,221,488 1,250,442

EGE CARPETS UK LTD (REGISTERED NUMBER: 01708105)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 282,513 184,300
Between one and five years 419,916 484,450
702,429 668,750

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Adam Calvert ACA (Senior Statutory Auditor)
for and on behalf of Rushtons

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

The directors consider the ultimate controlling party to be Ege Carpets A/S, a company incorporated in Denmark. The company address of Ege Carpets A/S is:

Industrivej Nord 25
Postbox 190
DK-7400 Herning
Denmark

The group accounts are publicly available from the following address: https://datacvr.virk.dk/.