IRIS Accounts Production v24.2.0.383 05312385 Board of Directors 1.1.23 31.12.23 31.12.23 true false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh053123852022-12-31053123852023-12-31053123852023-01-012023-12-31053123852021-12-31053123852022-01-012022-12-31053123852022-12-3105312385ns15:EnglandWales2023-01-012023-12-3105312385ns14:PoundSterling2023-01-012023-12-3105312385ns10:Director12023-01-012023-12-3105312385ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3105312385ns10:SmallEntities2023-01-012023-12-3105312385ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3105312385ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3105312385ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3105312385ns10:FullAccounts2023-01-012023-12-310531238512023-01-012023-12-3105312385ns10:Director22023-01-012023-12-3105312385ns10:CompanySecretary12023-01-012023-12-3105312385ns10:RegisteredOffice2023-01-012023-12-3105312385ns5:CurrentFinancialInstruments2023-12-3105312385ns5:CurrentFinancialInstruments2022-12-3105312385ns5:Non-currentFinancialInstruments2023-12-3105312385ns5:Non-currentFinancialInstruments2022-12-3105312385ns5:ShareCapital2023-12-3105312385ns5:ShareCapital2022-12-3105312385ns5:RetainedEarningsAccumulatedLosses2023-12-3105312385ns5:RetainedEarningsAccumulatedLosses2022-12-3105312385ns5:NetGoodwill2023-01-012023-12-3105312385ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3105312385ns5:PlantMachinery2023-01-012023-12-3105312385ns5:FurnitureFittings2023-01-012023-12-3105312385ns5:MotorVehicles2023-01-012023-12-3105312385ns5:NetGoodwill2022-12-3105312385ns5:NetGoodwill2023-12-3105312385ns5:NetGoodwill2022-12-3105312385ns5:LeaseholdImprovements2022-12-3105312385ns5:PlantMachinery2022-12-3105312385ns5:FurnitureFittings2022-12-3105312385ns5:LeaseholdImprovements2023-01-012023-12-3105312385ns5:LeaseholdImprovements2023-12-3105312385ns5:PlantMachinery2023-12-3105312385ns5:FurnitureFittings2023-12-3105312385ns5:LeaseholdImprovements2022-12-3105312385ns5:PlantMachinery2022-12-3105312385ns5:FurnitureFittings2022-12-3105312385ns5:MotorVehicles2022-12-3105312385ns5:ComputerEquipment2022-12-3105312385ns5:ComputerEquipment2023-01-012023-12-3105312385ns5:MotorVehicles2023-12-3105312385ns5:ComputerEquipment2023-12-3105312385ns5:MotorVehicles2022-12-3105312385ns5:ComputerEquipment2022-12-3105312385ns5:CostValuation2022-12-3105312385ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3105312385ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3105312385ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-12-3105312385ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-12-3105312385ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3105312385ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-31053123851ns10:Director12022-12-31053123851ns10:Director12021-12-31053123851ns10:Director12023-01-012023-12-31053123851ns10:Director12022-01-012022-12-31053123851ns10:Director12023-12-31053123851ns10:Director12022-12-3105312385ns10:Director222022-12-3105312385ns10:Director222021-12-3105312385ns10:Director222023-01-012023-12-3105312385ns10:Director222022-01-012022-12-3105312385ns10:Director222023-12-3105312385ns10:Director222022-12-31
REGISTERED NUMBER: 05312385 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CARPET AND CUSHIONFLOOR WAREHOUSE LTD

CARPET AND CUSHIONFLOOR WAREHOUSE LTD (REGISTERED NUMBER: 05312385)






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


CARPET AND CUSHIONFLOOR WAREHOUSE LTD

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: L H E Roddis
C J Bell





SECRETARY: L H E Roddis





REGISTERED OFFICE: 1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB





REGISTERED NUMBER: 05312385 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

CARPET AND CUSHIONFLOOR WAREHOUSE LTD (REGISTERED NUMBER: 05312385)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,500 25,000
Tangible assets 5 18,522 18,636
Investments 6 77 77
31,099 43,713

CURRENT ASSETS
Stocks 125,250 110,250
Debtors 7 282,816 284,000
Cash at bank and in hand 119,579 173,652
527,645 567,902
CREDITORS
Amounts falling due within one year 8 245,031 271,263
NET CURRENT ASSETS 282,614 296,639
TOTAL ASSETS LESS CURRENT
LIABILITIES

313,713

340,352

CREDITORS
Amounts falling due after more than one
year

9

(23,280

)

(33,209

)

PROVISIONS FOR LIABILITIES (4,631 ) (3,525 )
NET ASSETS 285,802 303,618

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 285,702 303,518
SHAREHOLDERS' FUNDS 285,802 303,618

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.

CARPET AND CUSHIONFLOOR WAREHOUSE LTD (REGISTERED NUMBER: 05312385)

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 11 September 2024 and were signed on its behalf by:





L H E Roddis - Director


CARPET AND CUSHIONFLOOR WAREHOUSE LTD (REGISTERED NUMBER: 05312385)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Carpet and Cushionfloor Warehouse Ltd 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.


CARPET AND CUSHIONFLOOR WAREHOUSE LTD (REGISTERED NUMBER: 05312385)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 250,000
AMORTISATION
At 1 January 2023 225,000
Amortisation for year 12,500
At 31 December 2023 237,500
NET BOOK VALUE
At 31 December 2023 12,500
At 31 December 2022 25,000

CARPET AND CUSHIONFLOOR WAREHOUSE LTD (REGISTERED NUMBER: 05312385)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 16,340 7,443 29,046
Additions - 1,845 1,247
At 31 December 2023 16,340 9,288 30,293
DEPRECIATION
At 1 January 2023 5,855 7,409 21,324
Charge for year 1,634 124 1,266
At 31 December 2023 7,489 7,533 22,590
NET BOOK VALUE
At 31 December 2023 8,851 1,755 7,703
At 31 December 2022 10,485 34 7,722

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 6,378 582 59,789
Additions - - 3,092
At 31 December 2023 6,378 582 62,881
DEPRECIATION
At 1 January 2023 6,094 471 41,153
Charge for year 71 111 3,206
At 31 December 2023 6,165 582 44,359
NET BOOK VALUE
At 31 December 2023 213 - 18,522
At 31 December 2022 284 111 18,636

CARPET AND CUSHIONFLOOR WAREHOUSE LTD (REGISTERED NUMBER: 05312385)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 January 2023
and 31 December 2023 77
NET BOOK VALUE
At 31 December 2023 77
At 31 December 2022 77

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 42,109 45,870
Amounts owed by group undertakings 47,441 47,441
Other debtors 113,420 113,420
Directors' current accounts 78,156 75,846
Tax 1,690 1,423
282,816 284,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,929 9,687
Other loans 65,077 65,077
Trade creditors 61,876 63,024
Tax 18,690 19,825
Social security and other taxes (355 ) 8,834
Pension 670 598
VAT 52,543 71,124
Other creditors 24,705 23,817
Accrued expenses 11,896 9,277
245,031 271,263

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,183 9,929
Bank loans - 2-5 years 13,097 23,280
23,280 33,209

CARPET AND CUSHIONFLOOR WAREHOUSE LTD (REGISTERED NUMBER: 05312385)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
L H E Roddis
Balance outstanding at start of year - 73,065
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

C J Bell
Balance outstanding at start of year - 100
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Interest has been charged on the overdrawn loan account at the official HMRC rate.