5 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 13463680 2023-07-01 2024-06-30 13463680 2024-06-30 13463680 2023-06-30 13463680 2022-07-01 2023-06-30 13463680 2023-06-30 13463680 2022-06-30 13463680 core:PlantMachinery 2023-07-01 2024-06-30 13463680 core:FurnitureFittings 2023-07-01 2024-06-30 13463680 core:MotorVehicles 2023-07-01 2024-06-30 13463680 bus:Director1 2023-07-01 2024-06-30 13463680 bus:Director2 2023-07-01 2024-06-30 13463680 core:PlantMachinery 2023-06-30 13463680 core:FurnitureFittings 2023-06-30 13463680 core:MotorVehicles 2023-06-30 13463680 core:PlantMachinery 2024-06-30 13463680 core:FurnitureFittings 2024-06-30 13463680 core:MotorVehicles 2024-06-30 13463680 core:WithinOneYear 2024-06-30 13463680 core:WithinOneYear 2023-06-30 13463680 core:AfterOneYear 2024-06-30 13463680 core:AfterOneYear 2023-06-30 13463680 core:ShareCapital 2024-06-30 13463680 core:ShareCapital 2023-06-30 13463680 core:RetainedEarningsAccumulatedLosses 2024-06-30 13463680 core:RetainedEarningsAccumulatedLosses 2023-06-30 13463680 core:PlantMachinery 2023-06-30 13463680 core:FurnitureFittings 2023-06-30 13463680 core:MotorVehicles 2023-06-30 13463680 bus:SmallEntities 2023-07-01 2024-06-30 13463680 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 13463680 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 13463680 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13463680 bus:FullAccounts 2023-07-01 2024-06-30 13463680 core:ToolsEquipment 2023-07-01 2024-06-30 13463680 core:ToolsEquipment 2023-06-30 13463680 core:ToolsEquipment 2024-06-30
COMPANY REGISTRATION NUMBER: 13463680
BOURNE CARPETS & FLOORS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 June 2024
BOURNE CARPETS & FLOORS LIMITED
STATEMENT OF FINANCIAL POSITION
30 June 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
61,656
76,318
CURRENT ASSETS
Stocks
5,000
4,310
Debtors
6
67,266
49,957
Cash at bank and in hand
334,913
298,005
---------
---------
407,179
352,272
CREDITORS: amounts falling due within one year
7
104,713
138,749
---------
---------
NET CURRENT ASSETS
302,466
213,523
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
364,122
289,841
CREDITORS: amounts falling due after more than one year
8
44,346
53,485
---------
---------
NET ASSETS
319,776
236,356
---------
---------
CAPITAL AND RESERVES
Called up share capital fully paid
100
100
Profit and loss account
319,676
236,256
---------
---------
SHAREHOLDERS FUNDS
319,776
236,356
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BOURNE CARPETS & FLOORS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 7 August 2024 , and are signed on behalf of the board by:
Mr A N Dalby
Miss R McLean
Director
Director
Company registration number: 13463680
BOURNE CARPETS & FLOORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House, 1 Kings Court, Kettering Parkway, Kettering, NN15 6WJ
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis and are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Fixtures and fittings
-
33% straight line
Motor vehicles
-
25% reducing balance
Equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 5 (2023: 4 ).
5. TANGIBLE ASSETS
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 July 2023
1,859
16,833
79,935
13,642
112,269
Additions
9,950
1,880
11,830
-------
--------
--------
--------
---------
At 30 June 2024
1,859
16,833
89,885
15,522
124,099
-------
--------
--------
--------
---------
Depreciation
At 1 July 2023
279
5,611
23,637
6,424
35,951
Charge for the year
237
5,611
16,562
4,082
26,492
-------
--------
--------
--------
---------
At 30 June 2024
516
11,222
40,199
10,506
62,443
-------
--------
--------
--------
---------
Carrying amount
At 30 June 2024
1,343
5,611
49,686
5,016
61,656
-------
--------
--------
--------
---------
At 30 June 2023
1,580
11,222
56,298
7,218
76,318
-------
--------
--------
--------
---------
6. DEBTORS
2024
2023
£
£
Trade debtors
43,509
36,870
Other debtors
23,757
13,087
--------
--------
67,266
49,957
--------
--------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
5,099
Social security and other taxes
71,837
45,648
Other creditors
27,777
93,101
---------
---------
104,713
138,749
---------
---------
Included within other creditors are amounts totalling £9,139 (2023 - £9,139) relating to hire purchase agreements.
8. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Other creditors
44,346
53,485
--------
--------
Included within other creditors are amounts totalling £44,346 (2023 - £53,485) relating to hire purchase agreements.