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REGISTERED NUMBER: 05983196 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 December 2023

for

J And D Carpets Ltd

J And D Carpets Ltd (Registered number: 05983196)






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


J And D Carpets Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J F Taylor
D Taylor





SECRETARY: D Taylor





REGISTERED OFFICE: Main Road Garage
Front Street
Framwellgate Moor
Durham
County Durham
DH1 5EJ





REGISTERED NUMBER: 05983196 (England and Wales)





ACCOUNTANTS: Inspire Chartered Accountants
6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU

J And D Carpets Ltd (Registered number: 05983196)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 153,627 141,058

CURRENT ASSETS
Stocks 24,560 19,350
Debtors 5 99,585 81,717
Cash at bank and in hand 210,031 302,773
334,176 403,840
CREDITORS
Amounts falling due within one year 6 142,165 174,127
NET CURRENT ASSETS 192,011 229,713
TOTAL ASSETS LESS CURRENT
LIABILITIES

345,638

370,771

CREDITORS
Amounts falling due after more than one
year

7

(30,092

)

(35,648

)

PROVISIONS FOR LIABILITIES (38,246 ) (26,652 )
NET ASSETS 277,300 308,471

J And D Carpets Ltd (Registered number: 05983196)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 277,200 308,371
SHAREHOLDERS' FUNDS 277,300 308,471

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2024 and were signed on its behalf by:





J F Taylor - Director


J And D Carpets Ltd (Registered number: 05983196)

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

1. STATUTORY INFORMATION

J And D Carpets 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.

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 - 20% to 33% on cost
Motor vehicles - 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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

J And D Carpets Ltd (Registered number: 05983196)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 10 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023 251,799 - 251,799
Additions 7,208 56,625 63,833
At 31 December 2023 259,007 56,625 315,632
DEPRECIATION
At 1 January 2023 110,741 - 110,741
Charge for year 39,467 11,797 51,264
At 31 December 2023 150,208 11,797 162,005
NET BOOK VALUE
At 31 December 2023 108,799 44,828 153,627
At 31 December 2022 141,058 - 141,058

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 63,399 49,843
Other debtors 36,186 31,874
99,585 81,717

J And D Carpets Ltd (Registered number: 05983196)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 76,889 84,484
Taxation and social security 26,023 51,676
Other creditors 33,697 32,411
142,165 174,127

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 30,092 35,648