IRIS Accounts Production v24.2.0.383 06382448 director 1.11.23 12.8.24 12.8.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh063824482023-10-31063824482024-08-12063824482023-11-012024-08-12063824482022-10-31063824482022-11-012023-10-31063824482023-10-3106382448ns15:EnglandWales2023-11-012024-08-1206382448ns14:PoundSterling2023-11-012024-08-1206382448ns10:Director12023-11-012024-08-1206382448ns10:PrivateLimitedCompanyLtd2023-11-012024-08-1206382448ns10:SmallEntities2023-11-012024-08-1206382448ns10:AuditExempt-NoAccountantsReport2023-11-012024-08-1206382448ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-08-1206382448ns10:SmallCompaniesRegimeForAccounts2023-11-012024-08-1206382448ns10:FullAccounts2023-11-012024-08-120638244812023-11-012024-08-1206382448ns10:CompanySecretary12023-11-012024-08-1206382448ns10:RegisteredOffice2023-11-012024-08-1206382448ns5:CurrentFinancialInstruments2024-08-1206382448ns5:CurrentFinancialInstruments2023-10-3106382448ns5:ShareCapital2024-08-1206382448ns5:ShareCapital2023-10-3106382448ns5:RetainedEarningsAccumulatedLosses2024-08-1206382448ns5:RetainedEarningsAccumulatedLosses2023-10-3106382448ns5:NetGoodwill2023-11-012024-08-1206382448ns5:IntangibleAssetsOtherThanGoodwill2023-11-012024-08-1206382448ns5:PlantMachinery2023-11-012024-08-1206382448ns5:FurnitureFittings2023-11-012024-08-1206382448ns5:MotorVehicles2023-11-012024-08-1206382448ns5:ComputerEquipment2023-11-012024-08-1206382448ns5:NetGoodwill2023-10-3106382448ns5:NetGoodwill2024-08-1206382448ns5:NetGoodwill2023-10-3106382448ns5:PlantMachinery2023-10-3106382448ns5:FurnitureFittings2023-10-3106382448ns5:MotorVehicles2023-10-3106382448ns5:ComputerEquipment2023-10-3106382448ns5:PlantMachinery2024-08-1206382448ns5:FurnitureFittings2024-08-1206382448ns5:MotorVehicles2024-08-1206382448ns5:ComputerEquipment2024-08-1206382448ns5:PlantMachinery2023-10-3106382448ns5:FurnitureFittings2023-10-3106382448ns5:MotorVehicles2023-10-3106382448ns5:ComputerEquipment2023-10-3106382448ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-1206382448ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3106382448ns5:RetainedEarningsAccumulatedLosses2023-10-3106382448ns5:RetainedEarningsAccumulatedLosses2023-11-012024-08-12
REGISTERED NUMBER: 06382448 (England and Wales)
























Unaudited Financial Statements

for the Period 1 November 2023 to 12 August 2024

for

Home Select Carpets Limited

Home Select Carpets Limited (Registered number: 06382448)






Contents of the Financial Statements
for the Period 1 November 2023 to 12 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Home Select Carpets Limited

Company Information
for the Period 1 November 2023 to 12 August 2024







Director: N A Steele





Secretary: H E Steele





Registered office: 66-68 Bridgend Road
Aberkenfig
Bridgend
CF32 9AP





Registered number: 06382448 (England and Wales)





Accountants: Curtis Bowden & Thomas Limited
Chartered Certified Accountants
101 Dunraven Street
Tonypandy
CF40 1AR

Home Select Carpets Limited (Registered number: 06382448)

Balance Sheet
12 August 2024

12.8.24 31.10.23
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - 80,000
Tangible assets 5 - 4,643
- 84,643

Current assets
Stocks - 3,000
Debtors 6 1,614 -
Cash at bank 1,261,959 1,328,349
1,263,573 1,331,349
Creditors
Amounts falling due within one year 7 1,037 5,350
Net current assets 1,262,536 1,325,999
Total assets less current liabilities 1,262,536 1,410,642

Provisions for liabilities - 882
Net assets 1,262,536 1,409,760

Capital and reserves
Called up share capital 100 100
Retained earnings 8 1,262,436 1,409,660
Shareholders' funds 1,262,536 1,409,760

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 12 August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 12 August 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.

Home Select Carpets Limited (Registered number: 06382448)

Balance Sheet - continued
12 August 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 2 September 2024 and were signed by:





N A Steele - Director


Home Select Carpets Limited (Registered number: 06382448)

Notes to the Financial Statements
for the Period 1 November 2023 to 12 August 2024

1. Statutory information

Home Select 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 50% 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 period 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 period 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.

Home Select Carpets Limited (Registered number: 06382448)

Notes to the Financial Statements - continued
for the Period 1 November 2023 to 12 August 2024

2. Accounting policies - continued

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 period was 2 (2023 - 2 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 November 2023 400,000
Disposals (400,000 )
At 12 August 2024 -
Amortisation
At 1 November 2023 320,000
Eliminated on disposal (320,000 )
At 12 August 2024 -
Net book value
At 12 August 2024 -
At 31 October 2023 80,000

5. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 November 2023 11,000 5,728 34,985 2,143 53,856
Disposals (11,000 ) (5,728 ) (34,985 ) (2,143 ) (53,856 )
At 12 August 2024 - - - - -
Depreciation
At 1 November 2023 9,618 5,728 31,724 2,143 49,213
Eliminated on disposal (9,618 ) (5,728 ) (31,724 ) (2,143 ) (49,213 )
At 12 August 2024 - - - - -
Net book value
At 12 August 2024 - - - - -
At 31 October 2023 1,382 - 3,261 - 4,643

6. Debtors: amounts falling due within one year
12.8.24 31.10.23
£    £   
Other debtors 1,614 -

Home Select Carpets Limited (Registered number: 06382448)

Notes to the Financial Statements - continued
for the Period 1 November 2023 to 12 August 2024

7. Creditors: amounts falling due within one year
12.8.24 31.10.23
£    £   
Trade creditors 1,037 130
Taxation and social security - 1,180
Other creditors - 4,040
1,037 5,350

8. Reserves
Retained
earnings
£   

At 1 November 2023 1,409,660
Deficit for the period (127,224 )
Dividends (20,000 )
At 12 August 2024 1,262,436

9. Ultimate controlling party

The company is controlled by the director by virtue of his 100% shareholding.