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Eddolls Carpets Ltd

Unaudited Financial Statements

for the Year Ended

31 March 2024






Eddolls Carpets Ltd (Registered number: 06997606)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eddolls Carpets Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D Griffin





REGISTERED OFFICE: 30 Broad Street
Alresford
Hampshire
SO24 9AQ





REGISTERED NUMBER: 06997606 (England and Wales)





ACCOUNTANTS: David Tilsley Limited
91 Lakewood Road
Chandlers Ford
Eastleigh
Hampshire
SO53 5AD

Eddolls Carpets Ltd (Registered number: 06997606)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,973 38,959
Tangible assets 5 12,077 10,596
38,050 49,555

CURRENT ASSETS
Stocks 27,585 26,244
Debtors 6 50,611 56,389
Cash at bank and in hand 133,713 108,562
211,909 191,195
CREDITORS
Amounts falling due within one year 7 178,986 149,372
NET CURRENT ASSETS 32,923 41,823
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,973

91,378

CREDITORS
Amounts falling due after more than one year 8 (10,700 ) (18,778 )

PROVISIONS FOR LIABILITIES (2,798 ) (2,013 )
NET ASSETS 57,475 70,587

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 57,375 70,487
SHAREHOLDERS' FUNDS 57,475 70,587

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Eddolls Carpets Ltd (Registered number: 06997606)

Balance Sheet - continued
31 March 2024


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 4 September 2024 and were signed by:





D Griffin - Director


Eddolls Carpets Ltd (Registered number: 06997606)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Eddolls Carpets Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business on 1 October 2009, is being amortised evenly over its estimated useful life of sixteen and a half years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on cost and 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.

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 6 (2023 - 6 ) .

Eddolls Carpets Ltd (Registered number: 06997606)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 214,274
AMORTISATION
At 1 April 2023 175,315
Charge for year 12,986
At 31 March 2024 188,301
NET BOOK VALUE
At 31 March 2024 25,973
At 31 March 2023 38,959

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 4,581 51,059 55,640
Additions - 5,957 5,957
At 31 March 2024 4,581 57,016 61,597
DEPRECIATION
At 1 April 2023 4,581 40,463 45,044
Charge for year - 4,476 4,476
At 31 March 2024 4,581 44,939 49,520
NET BOOK VALUE
At 31 March 2024 - 12,077 12,077
At 31 March 2023 - 10,596 10,596

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 35,004 31,177
Other debtors 15,607 25,212
50,611 56,389

Eddolls Carpets Ltd (Registered number: 06997606)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 7,960 7,842
Trade creditors 32,573 42,556
Taxation and social security 45,510 39,064
Other creditors 92,943 59,910
178,986 149,372

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 10,700 18,778

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
D Griffin
Balance outstanding at start of year 20,464 28,739
Amounts advanced 78,857 81,725
Amounts repaid (86,900 ) (90,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,421 20,464