05063277falsethat of carpet retailer2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:CompanySecretary12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:Director22023-04-012024-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FRS1022023-04-012024-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-04-012024-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 05063277

Cotswold Carpets Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
HMK Accountancy Ltd
36 Hill Rise
Woodstock
Oxford
OX20 1AB

Cotswold Carpets Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
R Hoare
H Fisher
SECRETARY
J Hoare
REGISTERED OFFICE
Unit 19
Worcester Road Industrial Estate
Chipping Norton
Oxford
OX7 5XW
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05063277
ACCOUNTANTS
HMK Accountancy Ltd
36 Hill Rise
Woodstock
Oxford
OX20 1AB

Cotswold Carpets Limited

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Cotswold Carpets Limited

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets217,41222,385
Investment Assets37,6897,689
25,10130,074
CURRENT ASSETS
Stock17,00016,000
Debtors581,330122,692
Cash at bank and in hand319,161352,254
417,491490,946
CREDITORS: Amounts falling due within one year6170,319187,533
NET CURRENT ASSETS247,172303,413
TOTAL ASSETS LESS CURRENT LIABILITIES272,273333,487
PROVISIONS FOR LIABILITIES AND CHARGES83,3084,253
NET ASSETS268,965329,234
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account268,865329,134
SHAREHOLDERS' FUNDS268,965329,234
For the year ending 31/03/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 21/06/2024 and signed on their behalf by
.............................
R Hoare
Director

Cotswold Carpets Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesstraight line 25%
Equipmentstraight line 33%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
2. TANGIBLE FIXED ASSETS
CommercialFixtures
Vehiclesand FittingsEquipmentTotal
££££
Cost
At 01/04/2023135,9046,4461,844144,194
Additions5,000--5,000
At 31/03/2024140,9046,4461,844149,194
Depreciation
At 01/04/2023113,9866,4451,378121,809
For the year9,973--9,973
At 31/03/2024123,9596,4451,378131,782
Net Book Amounts
At 31/03/202416,945146617,412
At 31/03/202321,918146622,385

Cotswold Carpets Limited

3. FINANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
At 01/04/20237,6897,689
At 31/03/20247,6897,689
Amortisation
Net Book Amounts
At 31/03/20247,6897,689
At 31/03/20237,6897,689
4. STOCK 20242023
££
Stock comprises:
Stock17,00016,000
17,00016,000
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors78,357119,719
Prepayments2,9732,973
81,330122,692
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax36,67037,988
VAT34,92136,635
PAYE control10,7069,789
Directors current account118118
Trade creditors83,95699,389
Pension schemes1,9731,714
Accruals1,9751,900
170,319187,533
7. EMPLOYEES
20242023
No.No.
Average number of employees1716

Cotswold Carpets Limited

8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation3,3084,253
3,3084,253
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
10. CONTROLLING PARTY
R Hoare holds 60% of the issued share capital and is considered the ultimate controlling party.