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REGISTERED NUMBER: 05721066 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Hoylake Carpets Limited

Hoylake Carpets Limited (Registered number: 05721066)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hoylake Carpets Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: Ms J Shillito





REGISTERED OFFICE: 29a Market Street
Hoylake
Wirral
CH47 2BG





REGISTERED NUMBER: 05721066 (England and Wales)





ACCOUNTANTS: Graham & Fisher Limited
T/A Grahams
Chartered Accountants
30 Birkenhead Road
Hoylake
Wirral
CH47 3BW

Hoylake Carpets Limited (Registered number: 05721066)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,254 1,057

CURRENT ASSETS
Stocks 3,250 3,250
Debtors 5 147,214 308,184
Cash at bank and in hand 411,357 179,751
561,821 491,185
CREDITORS
Amounts falling due within one year 6 171,139 140,766
NET CURRENT ASSETS 390,682 350,419
TOTAL ASSETS LESS CURRENT
LIABILITIES

391,936

351,476

CREDITORS
Amounts falling due after more than one
year

7

(50,542

)

(51,200

)

PROVISIONS FOR LIABILITIES (314 ) (201 )
NET ASSETS 341,080 300,075

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 340,880 299,875
341,080 300,075

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Hoylake Carpets Limited (Registered number: 05721066)

Balance Sheet - continued
31 August 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 director and authorised for issue on 15 August 2024 and were signed by:





Ms J Shillito - Director


Hoylake Carpets Limited (Registered number: 05721066)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Hoylake Carpets 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 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.
Plant and machinery etc - 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.

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.

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 5 (2022 - 5 ) .

Hoylake Carpets Limited (Registered number: 05721066)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 7,523
Additions 691
At 31 August 2023 8,214
DEPRECIATION
At 1 September 2022 6,466
Charge for year 494
At 31 August 2023 6,960
NET BOOK VALUE
At 31 August 2023 1,254
At 31 August 2022 1,057

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 128,620 264,193
Other debtors 18,594 43,991
147,214 308,184

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 658 642
Trade creditors 83,022 78,071
Taxation and social security 25,605 28,754
Other creditors 61,854 33,299
171,139 140,766

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 1,542 2,200
Other creditors 49,000 49,000
50,542 51,200

Hoylake Carpets Limited (Registered number: 05721066)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. RELATED PARTY DISCLOSURES

As well as being the sole director and majority shareholder of the company, J Shillito is also the sole director and shareholder of Hoylake Flooring Commercial Limited. Last year, the company paid £1,576 on behalf of this related party..

At the end of the year, the amount due from this related party and included in other debtors was £11,576 (2022 - £11,576).