IRIS Accounts Production v24.1.4.33 04656089 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046560892022-12-31046560892023-12-31046560892023-01-012023-12-31046560892021-12-31046560892022-01-012022-12-31046560892022-12-3104656089ns14:PoundSterling2023-01-012023-12-3104656089ns10:Director12023-01-012023-12-3104656089ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104656089ns10:SmallEntities2023-01-012023-12-3104656089ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104656089ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104656089ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104656089ns10:FullAccounts2023-01-012023-12-3104656089ns10:OrdinaryShareClass12023-01-012023-12-3104656089ns10:Director22023-01-012023-12-3104656089ns10:Director32023-01-012023-12-3104656089ns10:Director42023-01-012023-12-3104656089ns10:Director52023-01-012023-12-3104656089ns10:CompanySecretary12023-01-012023-12-3104656089ns10:RegisteredOffice2023-01-012023-12-3104656089ns5:CurrentFinancialInstruments2023-12-3104656089ns5:CurrentFinancialInstruments2022-12-3104656089ns5:ShareCapital2023-12-3104656089ns5:ShareCapital2022-12-3104656089ns5:RetainedEarningsAccumulatedLosses2023-12-3104656089ns5:RetainedEarningsAccumulatedLosses2022-12-3104656089ns5:PlantMachinery2023-01-012023-12-3104656089ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3104656089ns5:PlantMachinery2022-12-3104656089ns5:MotorVehicles2022-12-3104656089ns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-012023-12-3104656089ns5:MotorVehicles2023-01-012023-12-3104656089ns5:ShortLeaseholdAssetsns5:LandBuildings2023-12-3104656089ns5:PlantMachinery2023-12-3104656089ns5:MotorVehicles2023-12-3104656089ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3104656089ns5:PlantMachinery2022-12-3104656089ns5:MotorVehicles2022-12-3104656089ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104656089ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3104656089ns10:OrdinaryShareClass12023-12-3104656089ns5:RetainedEarningsAccumulatedLosses2022-12-3104656089ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 04656089












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Tim Page Carpets Ltd

Tim Page Carpets Ltd (Registered number: 04656089)






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


Tim Page Carpets Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: T.P. Page
M.J. Gomez
G Dewar
Ms H E Crompton
M J R Gomez





SECRETARY: M.J. Gomez





REGISTERED OFFICE: 410 The Chambers
Chelsea Harbour Design Centre
London
SX10 0XE





REGISTERED NUMBER: 04656089





ACCOUNTANTS: PB Associates
Chartered Accountants and Chartered Tax Advisers
2 Castle Business Village
Station Road
Hampton
Middlesex
TW12 2BX

Tim Page Carpets Ltd (Registered number: 04656089)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 164,092 152,286

CURRENT ASSETS
Stocks 201,285 328,952
Debtors 4 954,022 382,178
Cash at bank 765,742 1,493,011
1,921,049 2,204,141
CREDITORS
Amounts falling due within one year 5 920,292 1,260,084
NET CURRENT ASSETS 1,000,757 944,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,164,849

1,096,343

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 1,164,749 1,096,243
SHAREHOLDERS' FUNDS 1,164,849 1,096,343

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.

Tim Page Carpets Ltd (Registered number: 04656089)

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 17 September 2024 and were signed on its behalf by:





M.J. Gomez - Director


Tim Page Carpets Ltd (Registered number: 04656089)

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

1. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Tim Page Carpets Ltd (Registered number: 04656089)

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

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 15 ) .

3. TANGIBLE FIXED ASSETS
Short Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2023 175,649 343,607 60,397 579,653
Additions - 63,750 - 63,750
Disposals - (52,615 ) - (52,615 )
At 31 December 2023 175,649 354,742 60,397 590,788
DEPRECIATION
At 1 January 2023 98,884 284,279 44,204 427,367
Charge for year 14,906 28,318 7,870 51,094
Eliminated on disposal - (51,765 ) - (51,765 )
At 31 December 2023 113,790 260,832 52,074 426,696
NET BOOK VALUE
At 31 December 2023 61,859 93,910 8,323 164,092
At 31 December 2022 76,765 59,328 16,193 152,286

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 150,441 285,783
Amounts owed by group undertakings 685,399 29,747
Other debtors - 15,517
Directors' current accounts - 6,744
Prepayments 118,182 44,387
954,022 382,178

Interest has been charged at the rate of 2.5% per annum on directors loans which was repaid in the following year.

Tim Page Carpets Ltd (Registered number: 04656089)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 278,107 360,589
Corporation tax 60,690 100,366
Social security and other taxes 19,299 22,737
VAT 100,386 76,640
Other creditors 11,347 678,352
Accruals and deferred income 433,576 -
Accrued expenses 16,887 21,400
920,292 1,260,084

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Retained
earnings
£   

At 1 January 2023 1,096,243
Profit for the year 142,010
Dividends (73,504 )
At 31 December 2023 1,164,749

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £685,399 (2022: £29,747) by group undertakings.

9. ULTIMATE CONTROLLING PARTY

Turnell & Gigon Limited is the ultimate controlling party.