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REGISTERED NUMBER: 08369333 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Vogue Carpets Limited

Vogue Carpets Limited (Registered number: 08369333)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Vogue Carpets Limited (Registered number: 08369333)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 26,147 12,720
26,147 12,720

CURRENT ASSETS
Stocks 13,130 22,741
Debtors 6 33,571 29,177
Cash at bank 34,910 29,797
81,611 81,715
CREDITORS
Amounts falling due within one year 7 81,985 82,951
NET CURRENT LIABILITIES (374 ) (1,236 )
TOTAL ASSETS LESS CURRENT LIABILITIES 25,773 11,484

CREDITORS
Amounts falling due after more than one year 8 (20,625 ) (9,975 )

PROVISIONS FOR LIABILITIES (4,342 ) -
NET ASSETS 806 1,509

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 804 1,507
SHAREHOLDERS' FUNDS 806 1,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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 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.

Vogue Carpets Limited (Registered number: 08369333)

Balance Sheet - continued
31 March 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:





M Barlow - Director


Vogue Carpets Limited (Registered number: 08369333)

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

1. STATUTORY INFORMATION

Vogue Carpets Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08369333

Registered office: 11 Brunswick Street
Newcastle Under Lyme
Staffordshire
ST5 1HF

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.

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

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes an element of work completed but not yet invoiced on service contracts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2013, has been fully amortised.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Computer Equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Tools and Equipment - 15% 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 Profit and Loss Account, 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.


Vogue Carpets Limited (Registered number: 08369333)

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 53,468
AMORTISATION
At 1 April 2023
and 31 March 2024 53,468
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Vogue Carpets Limited (Registered number: 08369333)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Computer and Motor Tools and
Equipment fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 608 1,436 34,377 13 36,434
Additions - - 28,700 - 28,700
Disposals - - (20,895 ) - (20,895 )
At 31 March 2024 608 1,436 42,182 13 44,239
DEPRECIATION
At 1 April 2023 467 1,157 22,077 13 23,714
Charge for year 21 42 8,598 - 8,661
Eliminated on disposal - - (14,283 ) - (14,283 )
At 31 March 2024 488 1,199 16,392 13 18,092
NET BOOK VALUE
At 31 March 2024 120 237 25,790 - 26,147
At 31 March 2023 141 279 12,300 - 12,720

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 20,895
Additions 28,700
Disposals (20,895 )
At 31 March 2024 28,700
DEPRECIATION
At 1 April 2023 14,284
Charge for year 7,175
Eliminated on disposal (14,283 )
At 31 March 2024 7,176
NET BOOK VALUE
At 31 March 2024 21,524
At 31 March 2023 6,611

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,869 28,746
Other debtors 4,702 431
33,571 29,177

Vogue Carpets Limited (Registered number: 08369333)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 3,656 2,633
Trade creditors 49,357 64,495
Taxation and social security 22,713 11,366
Other creditors 6,259 4,457
81,985 82,951

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 20,625 9,975