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REGISTERED NUMBER: 05313378 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2023

for

East Yorkshire Carpet & Bed Limited

East Yorkshire Carpet & Bed Limited (Registered number: 05313378)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


East Yorkshire Carpet & Bed Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P Woodrup
Z M Reed





SECRETARY: Z M Reed





REGISTERED OFFICE: Mill Lane
Beverley
East Yorkshire
HU17 9DH





REGISTERED NUMBER: 05313378 (England and Wales)





ACCOUNTANTS: Andrew Cooper & Company
Chartered Accountants
650 Anlaby Road
Kingston upon Hull
East Yorkshire
HU3 6UU

East Yorkshire Carpet & Bed Limited (Registered number: 05313378)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 500 1,000
Tangible assets 5 2,134,906 2,036,853
2,135,406 2,037,853

CURRENT ASSETS
Stocks 966,495 1,050,995
Debtors 6 327,116 372,106
Cash at bank and in hand 494,714 414,964
1,788,325 1,838,065
CREDITORS
Amounts falling due within one year 7 629,466 614,897
NET CURRENT ASSETS 1,158,859 1,223,168
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,294,265

3,261,021

CREDITORS
Amounts falling due after more than one
year

8

1,041,928

1,266,030
NET ASSETS 2,252,337 1,994,991

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,252,237 1,994,891
SHAREHOLDERS' FUNDS 2,252,337 1,994,991

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

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

The directors acknowledge their 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.

East Yorkshire Carpet & Bed Limited (Registered number: 05313378)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:




P Woodrup - Director



Z M Reed - Director


East Yorkshire Carpet & Bed Limited (Registered number: 05313378)

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

1. STATUTORY INFORMATION

East Yorkshire Carpet & Bed 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 2% on cost
Plant and machinery etc - 25% on cost and 15% on cost

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.

East Yorkshire Carpet & Bed Limited (Registered number: 05313378)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 31 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 10,000
AMORTISATION
At 1 January 2023 9,000
Charge for year 500
At 31 December 2023 9,500
NET BOOK VALUE
At 31 December 2023 500
At 31 December 2022 1,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 2,214,857 320,649 2,535,506
Additions 124,896 35,350 160,246
At 31 December 2023 2,339,753 355,999 2,695,752
DEPRECIATION
At 1 January 2023 289,638 209,015 498,653
Charge for year 45,133 17,060 62,193
At 31 December 2023 334,771 226,075 560,846
NET BOOK VALUE
At 31 December 2023 2,004,982 129,924 2,134,906
At 31 December 2022 1,925,219 111,634 2,036,853

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 327,116 354,866
Other debtors - 17,240
327,116 372,106

East Yorkshire Carpet & Bed Limited (Registered number: 05313378)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 110,892 117,682
Trade creditors 217,443 229,203
Taxation and social security 224,820 217,221
Other creditors 76,311 50,791
629,466 614,897

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 941,928 1,046,030
Other creditors 100,000 220,000
1,041,928 1,266,030

9. ULTIMATE CONTROLLING PARTY

The controlling party is P Woodrup & ZM Reed.