Registered number: 06032415 | ||||||||
FOR THE YEAR ENDED 31 DECEMBER 2023 | ||||||||
Prepared By: | ||||||||
Brieley Grimsdell Falconer Ltd | ||||||||
Chartered Tax Advisers and Accountants | ||||||||
The Surgery | ||||||||
14 Regent Street | ||||||||
Kimberley | ||||||||
Nottinghamshire | ||||||||
NG16 2LW |
Walker Carpets Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 DECEMBER 2023 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 06032415 | ||||||||
BANKERS | ||||||||
HSBC, 53 Nottingham Road, Eastwood, Nottingham, NG16 3AE | ||||||||
ACCOUNTANTS | ||||||||
Brieley Grimsdell Falconer Ltd | ||||||||
Chartered Tax Advisers and Accountants | ||||||||
The Surgery | ||||||||
14 Regent Street | ||||||||
Kimberley | ||||||||
Nottinghamshire | ||||||||
NG16 2LW |
Walker Carpets Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 DECEMBER 2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Walker Carpets Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 2 | |||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
35,447 | 32,934 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT LIABILITIES | ( | (17,303) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Profit and loss account | 793 | 70 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Walker Carpets Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 DECEMBER 2023 | ||||||||||
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 | ||||||||
Commercial Vehicles | reducing balance 25% | |||||||
Equipment | reducing balance 20% |
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. Goodwill | ||||||||
Walker Carpets Limited | ||||||||
2. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 1 January 2023 | 45,000 | 45,000 | ||
At 31 December 2023 | 45,000 | 45,000 | ||
Depreciation | ||||
At 1 January 2023 | 36,000 | 36,000 | ||
For the year | 2,250 | 2,250 | ||
At 31 December 2023 | 38,250 | 38,250 | ||
Net Book Amounts | ||||
At 31 December 2023 | ||||
At 31 December 2022 | ||||
3. TANGIBLE FIXED ASSETS | ||||||
Commercial | ||||||
Vehicles | Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 1 January 2023 | 22,280 | 3,850 | 26,130 | |||
Additions | - | 319 | 319 | |||
At 31 December 2023 | 22,280 | 4,169 | 26,449 | |||
Depreciation | ||||||
At 1 January 2023 | 12,811 | 2,977 | 15,788 | |||
For the year | 2,367 | 239 | 2,606 | |||
At 31 December 2023 | 15,178 | 3,216 | 18,394 | |||
Net Book Amounts | ||||||
At 31 December 2023 | 8,055 | |||||
At 31 December 2022 | 10,342 | |||||
4. STOCK | 2023 | 2022 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
Walker Carpets Limited | ||||||||
5. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 6,121 | 5,767 | ||||||
Directors current account | 14,378 | 14,378 | ||||||
20,499 | 20,145 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 14,739 | 12,646 | ||||||
Other tax | 2,645 | 7,423 | ||||||
VAT | 9,096 | 7,341 | ||||||
Bank Loan | 10,480 | 14,633 | ||||||
Trade creditors | 9,594 | 6,957 | ||||||
Accruals | 1,371 | 1,237 | ||||||
47,925 | 50,237 | |||||||
7. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 2 | |||||
8. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 1,530 | 1,965 | ||||||
1,530 | 1,965 | |||||||
Walker Carpets Limited | ||||||||
9. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
4 | 4 | |||||||
4 | 4 | |||||||
10. CONTROLLING PARTY | ||||||||
The company is controlled by the directors, W D Walker and R N Walker, who own all of the issued share capital of the company. | ||||||||