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Company Registration No. 12056896 (England and Wales)
THE CARPET SHOP (NEWQUAY) LTD Unaudited accounts for the year ended 31 May 2024
THE CARPET SHOP (NEWQUAY) LTD Unaudited accounts Contents
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THE CARPET SHOP (NEWQUAY) LTD Company Information for the year ended 31 May 2024
Director
John Clements
Company Number
12056896 (England and Wales)
Registered Office
2 SLADES ROAD ST AUSTELL CORNWALL PL25 4EX UNITED KINGDOM
Accountants
SG ACCOUNTANCY 102 TREVERBYN ROAD CARCLAZE IND ESTATE ST AUSTELL CORNWALL PL25 4EW
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THE CARPET SHOP (NEWQUAY) LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
26,624 
7,782 
Current assets
Debtors
13,263 
15,118 
Cash at bank and in hand
15,203 
94,447 
28,466 
109,565 
Creditors: amounts falling due within one year
60,181 
(9,998)
Net current assets
88,647 
99,567 
Net assets
115,271 
107,349 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
115,270 
107,348 
Shareholders' funds
115,271 
107,349 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 September 2024 and were signed on its behalf by
John Clements Director Company Registration No. 12056896
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THE CARPET SHOP (NEWQUAY) LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
THE CARPET SHOP (NEWQUAY) LTD is a private company, limited by shares, registered in England and Wales, registration number 12056896. The registered office is 2 SLADES ROAD, ST AUSTELL, CORNWALL, PL25 4EX, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
11,295 
1,252 
12,547 
Additions
27,999 
- 
27,999 
At 31 May 2024
39,294 
1,252 
40,546 
Depreciation
At 1 June 2023
3,795 
970 
4,765 
Charge for the year
8,875 
282 
9,157 
At 31 May 2024
12,670 
1,252 
13,922 
Net book value
At 31 May 2024
26,624 
- 
26,624 
At 31 May 2023
7,500 
282 
7,782 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,482 
7,318 
Accrued income and prepayments
1,181 
- 
Other debtors
6,600 
7,800 
13,263 
15,118 
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THE CARPET SHOP (NEWQUAY) LTD Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,817 
5,337 
Trade creditors
- 
(178)
Taxes and social security
- 
3,724 
Loans from directors
(63,568)
570 
Accruals
570 
545 
(60,181)
9,998 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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