Manchester Carpet Tile Centre Limited 01279035 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is that of the supply and fitting of carpet tiles and carpets. Digita Accounts Production Advanced 6.30.9574.0 true 01279035 2023-07-01 2024-06-30 01279035 2024-06-30 01279035 core:RetainedEarningsAccumulatedLosses 2024-06-30 01279035 core:ShareCapital 2024-06-30 01279035 core:CurrentFinancialInstruments 2024-06-30 01279035 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 01279035 core:FurnitureFittings 2024-06-30 01279035 core:MotorVehicles 2024-06-30 01279035 core:OfficeEquipment 2024-06-30 01279035 bus:SmallEntities 2023-07-01 2024-06-30 01279035 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 01279035 bus:FullAccounts 2023-07-01 2024-06-30 01279035 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 01279035 bus:RegisteredOffice 2023-07-01 2024-06-30 01279035 bus:Director1 2023-07-01 2024-06-30 01279035 bus:Director2 2023-07-01 2024-06-30 01279035 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 01279035 core:FurnitureFittings 2023-07-01 2024-06-30 01279035 core:MotorVehicles 2023-07-01 2024-06-30 01279035 core:OfficeEquipment 2023-07-01 2024-06-30 01279035 countries:England 2023-07-01 2024-06-30 01279035 2023-06-30 01279035 core:FurnitureFittings 2023-06-30 01279035 core:MotorVehicles 2023-06-30 01279035 core:OfficeEquipment 2023-06-30 01279035 2022-07-01 2023-06-30 01279035 2023-06-30 01279035 core:RetainedEarningsAccumulatedLosses 2023-06-30 01279035 core:ShareCapital 2023-06-30 01279035 core:CurrentFinancialInstruments 2023-06-30 01279035 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 01279035 core:FurnitureFittings 2023-06-30 01279035 core:MotorVehicles 2023-06-30 01279035 core:OfficeEquipment 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 01279035

Manchester Carpet Tile Centre Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Manchester Carpet Tile Centre Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Manchester Carpet Tile Centre Limited

(Registration number: 01279035)
Statement of Financial Position as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

22,534

1,123

Current assets

 

Stocks

5

14,422

171,140

Debtors

6

261,738

131,030

Cash at bank and in hand

 

311,615

294,370

 

587,775

596,540

Creditors: Amounts falling due within one year

7

(30,135)

(36,697)

Net current assets

 

557,640

559,843

Total assets less current liabilities

 

580,174

560,966

Provisions for liabilities

(5,618)

(281)

Net assets

 

574,556

560,685

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

573,556

559,685

Shareholders' funds

 

574,556

560,685

 

Manchester Carpet Tile Centre Limited

(Registration number: 01279035)
Statement of Financial Position as at 30 June 2024

For the financial 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 29 August 2024 and signed on its behalf by:
 

.........................................
Mr D Scowcroft
Director

.........................................
Mrs S N Scowcroft
Director

 
     
 

Manchester Carpet Tile Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 16
Langworthy Enterprise Park
Kansas Avenue
Salford
M50 2GL

These financial statements were authorised for issue by the Board on 29 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

20% straight line

Fixtures and fittings

15% straight line

Office equipment

15% straight line

 

Manchester Carpet Tile Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

 

Manchester Carpet Tile Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2023

40,632

23,920

14,600

79,152

Additions

-

-

26,830

26,830

Disposals

-

-

(14,600)

(14,600)

At 30 June 2024

40,632

23,920

26,830

91,382

Depreciation

At 1 July 2023

39,509

23,920

14,600

78,029

Charge for the year

388

-

5,031

5,419

Eliminated on disposal

-

-

(14,600)

(14,600)

At 30 June 2024

39,897

23,920

5,031

68,848

Carrying amount

At 30 June 2024

735

-

21,799

22,534

At 30 June 2023

1,123

-

-

1,123

5

Stocks

2024
£

2023
£

Other inventories

14,422

171,140

6

Debtors

2024
£

2023
£

Trade debtors

104,023

104,525

Prepayments

11,265

15,650

Other debtors

146,450

10,855

261,738

131,030

 

Manchester Carpet Tile Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

10,815

19,639

Taxation and social security

8,157

9,456

Accruals and deferred income

11,163

7,602

30,135

36,697