IRIS Accounts Production v24.1.0.578 03122287 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh031222872022-11-30031222872023-11-30031222872022-12-012023-11-30031222872021-11-30031222872021-12-012022-11-30031222872022-11-3003122287ns15:EnglandWales2022-12-012023-11-3003122287ns14:PoundSterling2022-12-012023-11-3003122287ns10:Director12022-12-012023-11-3003122287ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3003122287ns10:SmallEntities2022-12-012023-11-3003122287ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3003122287ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3003122287ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3003122287ns10:FullAccounts2022-12-012023-11-3003122287ns10:Director22022-12-012023-11-3003122287ns10:CompanySecretary12022-12-012023-11-3003122287ns10:RegisteredOffice2022-12-012023-11-3003122287ns5:CurrentFinancialInstruments2023-11-3003122287ns5:CurrentFinancialInstruments2022-11-3003122287ns5:Non-currentFinancialInstruments2023-11-3003122287ns5:Non-currentFinancialInstruments2022-11-3003122287ns5:ShareCapital2023-11-3003122287ns5:ShareCapital2022-11-3003122287ns5:RetainedEarningsAccumulatedLosses2023-11-3003122287ns5:RetainedEarningsAccumulatedLosses2022-11-3003122287ns5:PlantMachinery2022-12-012023-11-3003122287ns5:FurnitureFittings2022-12-012023-11-3003122287ns5:MotorVehicles2022-12-012023-11-3003122287ns5:ComputerEquipment2022-12-012023-11-3003122287ns5:PlantMachinery2022-11-3003122287ns5:FurnitureFittings2022-11-3003122287ns5:MotorVehicles2022-11-3003122287ns5:ComputerEquipment2022-11-3003122287ns5:PlantMachinery2023-11-3003122287ns5:FurnitureFittings2023-11-3003122287ns5:MotorVehicles2023-11-3003122287ns5:ComputerEquipment2023-11-3003122287ns5:PlantMachinery2022-11-3003122287ns5:FurnitureFittings2022-11-3003122287ns5:MotorVehicles2022-11-3003122287ns5:ComputerEquipment2022-11-3003122287ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3003122287ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-30031222871ns10:Director12022-11-30031222871ns10:Director12021-11-30031222871ns10:Director12022-12-012023-11-30031222871ns10:Director12021-12-012022-11-30031222871ns10:Director12023-11-30031222871ns10:Director12022-11-30
REGISTERED NUMBER: 03122287 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Tc Carpets & Flooring Limited

Tc Carpets & Flooring Limited (Registered number: 03122287)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tc Carpets & Flooring Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: T Morbey
C M Irwin





SECRETARY: T Morbey





REGISTERED OFFICE: 23 South Street
Dorking
Surrey
RH4 2JZ





REGISTERED NUMBER: 03122287 (England and Wales)





ACCOUNTANTS: Cove Accountancy Services Limited
79 Southgate Drive
Crawley
West Sussex
RH10 6EP

Tc Carpets & Flooring Limited (Registered number: 03122287)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,000 7,967

CURRENT ASSETS
Stocks 79,434 59,528
Debtors 5 104,898 89,174
Cash at bank and in hand 95,641 42,623
279,973 191,325
CREDITORS
Amounts falling due within one year 6 242,305 160,119
NET CURRENT ASSETS 37,668 31,206
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,668

39,173

CREDITORS
Amounts falling due after more than one
year

7

(26,667

)

(36,667

)

PROVISIONS FOR LIABILITIES - (1,593 )
NET ASSETS 14,001 913

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,901 813
SHAREHOLDERS' FUNDS 14,001 913

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Tc Carpets & Flooring Limited (Registered number: 03122287)

Balance Sheet - continued
30 November 2023


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 17 August 2024 and were signed on its behalf by:





T Morbey - Director


Tc Carpets & Flooring Limited (Registered number: 03122287)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Tc Carpets & Flooring Limited 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.

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.

Turnover
Turnover represents net invoiced sales of supply and fitting of carpets and flooring, excluding value added tax.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Tc Carpets & Flooring Limited (Registered number: 03122287)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022
and 30 November 2023 6,640 4,521 87,838 11,695 110,694
DEPRECIATION
At 1 December 2022 6,640 4,521 80,838 10,728 102,727
Charge for year - - 4,000 967 4,967
At 30 November 2023 6,640 4,521 84,838 11,695 107,694
NET BOOK VALUE
At 30 November 2023 - - 3,000 - 3,000
At 30 November 2022 - - 7,000 967 7,967

Tc Carpets & Flooring Limited (Registered number: 03122287)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 91,300 80,484
Other debtors 13,598 8,690
104,898 89,174

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 9,429 2,634
Trade creditors 54,688 55,014
Taxation and social security 26,814 28,899
Other creditors 151,374 73,572
242,305 160,119

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 26,667 36,667

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
T Morbey
Balance outstanding at start of year - 4,526
Amounts repaid - (4,526 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

At the end of the period the company owed Mr C Irwin, a director £13,383 (2021: £2,207) and Mr T Morbey, a director £12,700 (2022: £2,207)

9. ULTIMATE CONTROLLING PARTY



The directors jointly control the company as a result of directly controlling 100% of the issued ordinary share capital.