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REGISTERED NUMBER: OC439682 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024

FOR

E J CARPETS & FLOORINGS LLP

E J CARPETS & FLOORINGS LLP (REGISTERED NUMBER: OC439682)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


E J CARPETS & FLOORINGS LLP

GENERAL INFORMATION
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024







DESIGNATED MEMBERS: N Freeman
R Townrow
G Freeman





REGISTERED OFFICE: 1-5 Perry Vale
Forest Hill
London
SE23 2NE





REGISTERED NUMBER: OC439682 (England and Wales)





ACCOUNTANTS: Sargeant Partnership LLP
Chartered Accountants
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG

E J CARPETS & FLOORINGS LLP (REGISTERED NUMBER: OC439682)

BALANCE SHEET
31 MARCH 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 192,000 222,000
Tangible assets 5 73,962 39,277
Investments 6 8,000 8,000
273,962 269,277

CURRENT ASSETS
Stocks 28,849 35,878
Debtors 7 7,095 12,033
Cash at bank and in hand 188,719 196,457
224,663 244,368
CREDITORS
Amounts falling due within one year 8 96,316 100,098
NET CURRENT ASSETS 128,347 144,270
TOTAL ASSETS LESS CURRENT
LIABILITIES

402,309

413,547

CREDITORS
Amounts falling due after more than one
year

9

13,749

10,927
NET ASSETS ATTRIBUTABLE TO
MEMBERS

388,560

402,620

E J CARPETS & FLOORINGS LLP (REGISTERED NUMBER: OC439682)

BALANCE SHEET - continued
31 MARCH 2024

2024 2022
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE
TO MEMBERS

10

388,560

402,620

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 388,560 402,620

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 period 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 and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 20 August 2024 and were signed by:





G Freeman - Designated member

E J CARPETS & FLOORINGS LLP (REGISTERED NUMBER: OC439682)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

E J Carpets & Floorings 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance and not provided
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

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

E J CARPETS & FLOORINGS LLP (REGISTERED NUMBER: OC439682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 March 2024 240,000
AMORTISATION
At 1 January 2023 18,000
Charge for period 30,000
At 31 March 2024 48,000
NET BOOK VALUE
At 31 March 2024 192,000
At 31 December 2022 222,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 2,280 49,133 956 52,369
Additions - 72,246 2,052 74,298
Disposals - (26,556 ) - (26,556 )
At 31 March 2024 2,280 94,823 3,008 100,111
DEPRECIATION
At 1 January 2023 570 12,283 239 13,092
Charge for period 534 12,177 346 13,057
At 31 March 2024 1,104 24,460 585 26,149
NET BOOK VALUE
At 31 March 2024 1,176 70,363 2,423 73,962
At 31 December 2022 1,710 36,850 717 39,277

E J CARPETS & FLOORINGS LLP (REGISTERED NUMBER: OC439682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 March 2024 8,000
NET BOOK VALUE
At 31 March 2024 8,000
At 31 December 2022 8,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors 4,064 10,018
Other debtors 3,031 2,015
7,095 12,033

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Hire purchase contracts 7,841 2,388
Trade creditors 25,437 23,231
Taxation and social security 19,433 22,776
Other creditors 43,605 51,703
96,316 100,098

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2022
£    £   
Hire purchase contracts 13,749 10,927

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Amounts owed to third parties rank in priority to loans and other debts due to members.