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REGISTERED NUMBER: 01724576 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

The Carpet Cleaners Association Limited
T/A
National Carpet Cleaners Association
Limited by Guarantee

The Carpet Cleaners Association Limited (Registered number: 01724576)
T/A National Carpet Cleaners Association
Limited by Guarantee






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Carpet Cleaners Association Limited
T/A National Carpet Cleaners Association
Limited by Guarantee

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P M Pearce
N P Lay
W R Russell
D K B Weaver
D R Koch





REGISTERED OFFICE: Museum of Carpet
Stour Vale Mill
Green Street
Kidderminster
Worcestershire
DY10 1AZ





REGISTERED NUMBER: 01724576 (England and Wales)





AUDITORS: Torr Waterfield Limited
Statutory Auditor
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

The Carpet Cleaners Association Limited (Registered number: 01724576)
T/A National Carpet Cleaners Association
Limited by Guarantee

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,526 3,324
Tangible assets 5 3,997 6,812
Investments 6 1,211 1,211
7,734 11,347

CURRENT ASSETS
Stocks 4,689 5,893
Debtors 7 30,033 21,764
Cash at bank and in hand 128,360 125,743
163,082 153,400
CREDITORS
Amounts falling due within one year 8 (58,672 ) (36,289 )
NET CURRENT ASSETS 104,410 117,111
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,144

128,458

CREDITORS
Amounts falling due after more than one
year

9

(12,500

)

(22,500

)
NET ASSETS 99,644 105,958

RESERVES
Retained earnings 99,644 105,958
99,644 105,958

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 the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





D K B Weaver - Director


The Carpet Cleaners Association Limited (Registered number: 01724576)
T/A National Carpet Cleaners Association
Limited by Guarantee

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

The Carpet Cleaners Association Limited is a private company, limited by guarantee , 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 represents net invoiced sales of goods and services, excluding value added tax. Income is recognised when the relevant goods and services are supplied.

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.

Trademark are being amortised evenly over their estimated useful life of ten years.

Website is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Exhibition equipment - 33% on cost
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, 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.


The Carpet Cleaners Association Limited (Registered number: 01724576)
T/A National Carpet Cleaners Association
Limited by Guarantee

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

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.

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.

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Trademark Website Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 1,860 3,060 4,920
AMORTISATION
At 1 April 2023 372 1,224 1,596
Amortisation for year 186 612 798
At 31 March 2024 558 1,836 2,394
NET BOOK VALUE
At 31 March 2024 1,302 1,224 2,526
At 31 March 2023 1,488 1,836 3,324

The Carpet Cleaners Association Limited (Registered number: 01724576)
T/A National Carpet Cleaners Association
Limited by Guarantee

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Exhibition and Computer
equipment fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 9,621 18,398 3,926 31,945
DEPRECIATION
At 1 April 2023 7,324 14,586 3,223 25,133
Charge for year 1,741 762 312 2,815
At 31 March 2024 9,065 15,348 3,535 27,948
NET BOOK VALUE
At 31 March 2024 556 3,050 391 3,997
At 31 March 2023 2,297 3,812 703 6,812

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 1 1,210 1,211
NET BOOK VALUE
At 31 March 2024 1 1,210 1,211
At 31 March 2023 1 1,210 1,211

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 17,198 5,725
Other debtors 12,835 16,039
30,033 21,764

Other debtors includes prepayments and accrued income of £5,801 (2023: £6,609).

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,240 10,240
Trade creditors 23,501 8,553
Taxation and social security 491 260
Other creditors 24,440 17,236
58,672 36,289

The Carpet Cleaners Association Limited (Registered number: 01724576)
T/A National Carpet Cleaners Association
Limited by Guarantee

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Other creditors includes accrued expenses and deferred income of £22,864 (2023: £15,462).

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,500 22,500

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Torr FCCA (Senior Statutory Auditor)
for and on behalf of Torr Waterfield Limited

11. OTHER FINANCIAL COMMITMENTS

The total financial commitments which are not included in the balance sheet amount to £3,458 (2023: £2,436).

12. COMPANY STATUS

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £2 towards the assets of the company in the event of its liquidation while they are a member, or for a period of twelve months from the date when they ceased to be a member.