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Crewe Carpets Limited
Registered Number:07291488
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Crewe Carpets Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
07291488
As at 31 March 2024
Crewe Carpets Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
6,844
7,956
2
6,844
7,956
Current assets
Inventories
78,998
82,090
3
Trade and other receivables
5,641
10,485
4
161,557
Cash and cash equivalents
175,324
267,899
246,196
Trade and other payables: amounts falling due within one year
(98,840)
(127,559)
5
147,356
140,340
Net current assets
Total assets less current liabilities
147,184
155,312
Trade and other payables: amounts falling due after more than one year
(22,683)
(12,734)
6
134,450
Net assets
132,629
Capital and reserves
Called up share capital
20,000
20,000
Retained earnings
114,450
112,629
134,450
132,629
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Edward Davies Director
These financial statements were approved and authorised for issue by the Board on 28 August 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2024
Crewe Carpets Limited
Notes to the Financial Statements
Statutory Information
Crewe Carpets Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 07291488.
Principal place of business:
T/A United Carpets & Beds
10 Nantwich Road
Crewe
CW2 6AD
Registered address:
C/O Johnson Walker
Horizon House
2 Whiting Street
Sheffield
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 10 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Straight line
Computer equipment
33 .3 % Straight line
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2 of 4
5
For the year ended 31 March 2024
Crewe Carpets Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and fittings
£
£
£
Cost or valuation
At 01 April 2023
30,620
1,998
28,622
At 31 March 2024
28,622
1,998
30,620
Provision for depreciation and impairment
At 01 April 2023
22,664
902
21,762
Charge for year
1,112
383
729
At 31 March 2024
23,776
1,285
22,491
At 31 March 2024
Net book value
6,131
713
6,844
At 31 March 2023
6,860
1,096
7,956
3. Inventories
2023
2024
£
£
Stocks
82,090
78,998
4. Trade and other receivables
2023
2024
£
£
Other debtors
10,485
5,641
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
9,706
9,706
Trade creditors
50,431
54,034
Taxation and social security
37,517
24,628
Other creditors
29,905
10,472
127,559
98,840
3 of 4
6
For the year ended 31 March 2024
Crewe Carpets Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
12,734
22,683
7. Average number of persons employed
During the year the average number of employees was 3 (2023 : 3)
4 of 4