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REGISTERED NUMBER: 13043969 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

TRENDY CARPETS & FLOORING LTD

TRENDY CARPETS & FLOORING LTD (REGISTERED NUMBER: 13043969)

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


TRENDY CARPETS & FLOORING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr Paramjit Singh
Mrs Jasbinder Kaur





SECRETARY:





REGISTERED OFFICE: 21-22 Upper High Street
Wednesbury
West Midlands
WS10 7HQ





REGISTERED NUMBER: 13043969 (England and Wales)





ACCOUNTANTS: Ark Aurora Ltd
Chartered Accountants & Chartered Tax Advisers
The Maltings
2 Anderson Rd
Bearwood
Birmingham
West Midlands
B66 4AR

TRENDY CARPETS & FLOORING LTD (REGISTERED NUMBER: 13043969)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,441 15,042

CURRENT ASSETS
Stocks 5 55,830 84,215
Debtors 6 51,010 14,419
Cash at bank and in hand 184,802 97,897
291,642 196,531
CREDITORS
Amounts falling due within one year 7 190,670 128,636
NET CURRENT ASSETS 100,972 67,895
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,413

82,937

PROVISIONS FOR LIABILITIES 8 2,139 -
NET ASSETS 113,274 82,937

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 113,174 82,837
SHAREHOLDERS' FUNDS 113,274 82,937

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.

TRENDY CARPETS & FLOORING LTD (REGISTERED NUMBER: 13043969)

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 Income Statement has not been delivered.

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





Mr Paramjit Singh - Director


TRENDY CARPETS & FLOORING LTD (REGISTERED NUMBER: 13043969)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Trendy Carpets & Flooring 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.

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 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.

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.

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.

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 5 (2022 - 5 ) .

TRENDY CARPETS & FLOORING LTD (REGISTERED NUMBER: 13043969)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 December 2022 18,028 442 18,470
Additions - 1,946 1,946
At 30 November 2023 18,028 2,388 20,416
DEPRECIATION
At 1 December 2022 3,305 123 3,428
Charge for year 2,208 339 2,547
At 30 November 2023 5,513 462 5,975
NET BOOK VALUE
At 30 November 2023 12,515 1,926 14,441
At 30 November 2022 14,723 319 15,042

5. STOCKS
30.11.23 30.11.22
£    £   
Stocks 55,830 84,215

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 51,010 14,419

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 92,884 48,154
Tax 27,800 14,741
Social security and other taxes (3,237 ) (1,583 )
Wages Control 7,652 6,806
Pensions 78 78
VAT 10,383 7,388
Directors' current accounts 54,060 51,902
Accrued expenses 1,050 1,150
190,670 128,636

8. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 2,139 -

TRENDY CARPETS & FLOORING LTD (REGISTERED NUMBER: 13043969)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Provided during year 2,139
Balance at 30 November 2023 2,139

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary Shares 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 December 2022 82,837
Profit for the year 96,337
Dividends (66,000 )
At 30 November 2023 113,174