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REGISTERED NUMBER: 08872054 (England and Wales)






















West Derby Carpets Online Ltd

Unaudited Financial Statements

for the period

1 September 2022 to 30 August 2023






West Derby Carpets Online Ltd (Registered number: 08872054)






Contents of the Financial Statements
for the period 1 September 2022 to 30 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


West Derby Carpets Online Ltd

Company Information
for the period 1 September 2022 to 30 August 2023







DIRECTOR: R L Mansfield





REGISTERED OFFICE: 269 Blackmoor Drive
West Derby
Liverpool
Merseyside
L12 3HA





REGISTERED NUMBER: 08872054 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Adelphi Chambers
30 Hoghton Street
Southport
Merseyside
PR9 0NZ

West Derby Carpets Online Ltd (Registered number: 08872054)

Balance Sheet
30 August 2023

2023 2022
Notes £ £
FIXED ASSETS
Intangible assets 4 17,039 12,646
Tangible assets 5 411,998 412,573
429,037 425,219

CURRENT ASSETS
Stocks 24,800 23,600
Debtors 6 33,257 104,319
Cash at bank 133,543 41,112
191,600 169,031
CREDITORS
Amounts falling due within one year 7 (268,507 ) (241,588 )
NET CURRENT LIABILITIES (76,907 ) (72,557 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

352,130

352,662

CREDITORS
Amounts falling due after more than one year 8 (187,090 ) (201,800 )

PROVISIONS FOR LIABILITIES 10 (33,685 ) (32,730 )
NET ASSETS 131,355 118,132

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 83,700 83,700
Retained earnings 47,555 34,332
SHAREHOLDERS' FUNDS 131,355 118,132

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 August 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

West Derby Carpets Online Ltd (Registered number: 08872054)

Balance Sheet - continued
30 August 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 director and authorised for issue on 23 September 2024 and were signed by:





R L Mansfield - Director


West Derby Carpets Online Ltd (Registered number: 08872054)

Notes to the Financial Statements
for the period 1 September 2022 to 30 August 2023

1. STATUTORY INFORMATION

West Derby Carpets Online 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

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 period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

West Derby Carpets Online Ltd (Registered number: 08872054)

Notes to the Financial Statements - continued
for the period 1 September 2022 to 30 August 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 September 2022 14,570
Additions 6,500
At 30 August 2023 21,070
AMORTISATION
At 1 September 2022 1,924
Charge for period 2,107
At 30 August 2023 4,031
NET BOOK VALUE
At 30 August 2023 17,039
At 31 August 2022 12,646

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Improvements and Computer
property to property fittings equipment Totals
£ £ £ £ £
COST OR VALUATION
At 1 September 2022 400,000 5,900 9,578 4,250 419,728
Additions - - - 718 718
At 30 August 2023 400,000 5,900 9,578 4,968 420,446
DEPRECIATION
At 1 September 2022 - - 5,377 1,778 7,155
Charge for period - - 630 663 1,293
At 30 August 2023 - - 6,007 2,441 8,448
NET BOOK VALUE
At 30 August 2023 400,000 5,900 3,571 2,527 411,998
At 31 August 2022 400,000 5,900 4,201 2,472 412,573

Cost or valuation at 30 August 2023 is represented by:

Fixtures
Freehold Improvements and Computer
property to property fittings equipment Totals
£ £ £ £ £
Valuation in 2017 36,600 - - - 36,600
Valuation in 2019 75,000 - - - 75,000
Cost 288,400 5,900 9,578 4,968 308,846
400,000 5,900 9,578 4,968 420,446

West Derby Carpets Online Ltd (Registered number: 08872054)

Notes to the Financial Statements - continued
for the period 1 September 2022 to 30 August 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 10,161 10,130
Amounts owed by group undertakings 23,096 94,189
33,257 104,319

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 59,118 60,806
Trade creditors 133,110 128,504
Taxation and social security 66,729 49,428
Other creditors 9,550 2,850
268,507 241,588

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 187,090 201,800

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Bank overdrafts 1,886 4,024
Bank loans 244,322 258,582
246,208 262,606

The Company's bankers hold a debenture over the Freehold Land & Buildings.

10. PROVISIONS FOR LIABILITIES
2023 2022
£ £
Deferred tax 33,685 32,730

Deferred tax
£
Balance at 1 September 2022 32,730
Provided during period 955
Balance at 30 August 2023 33,685

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100

West Derby Carpets Online Ltd (Registered number: 08872054)

Notes to the Financial Statements - continued
for the period 1 September 2022 to 30 August 2023

12. RESERVES
Fair value
reserve
£
At 1 September 2022
and 30 August 2023 83,700