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REGISTERED NUMBER: 04634351 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

Crosby Carpets Ltd
Trading as
Crosby Carpet Centre

Crosby Carpets Ltd (Registered number: 04634351)
Trading as Crosby Carpet Centre






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Crosby Carpets Ltd
Trading as Crosby Carpet Centre

Company Information
for the Year Ended 31 January 2024







DIRECTORS: M Pilkington
P D M Bleazard





SECRETARY: Mrs M J Higson





REGISTERED OFFICE: 61 Stanley Road
Bootle
Merseyside
L20 7BZ





REGISTERED NUMBER: 04634351 (England and Wales)





ACCOUNTANTS: Kinsella Clarke Limited
61 Stanley Road
Bootle
Merseyside
L20 7BZ

Crosby Carpets Ltd (Registered number: 04634351)
Trading as Crosby Carpet Centre

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 35,442 35,442
Tangible assets 5 2,004 2,191
37,446 37,633

CURRENT ASSETS
Stocks 42,700 37,166
Debtors 6 - 180
Cash at bank 10,361 15,384
53,061 52,730
CREDITORS
Amounts falling due within one year 7 51,763 47,199
NET CURRENT ASSETS 1,298 5,531
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,744

43,164

CREDITORS
Amounts falling due after more than one
year

8

(37,081

)

(42,291

)

PROVISIONS FOR LIABILITIES (381 ) (435 )
NET ASSETS 1,282 438

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,182 338
SHAREHOLDERS' FUNDS 1,282 438

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Crosby Carpets Ltd (Registered number: 04634351)
Trading as Crosby Carpet Centre

Statement of Financial Position - continued
31 January 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 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 30 October 2024 and were signed on its behalf by:





M Pilkington - Director


Crosby Carpets Ltd (Registered number: 04634351)
Trading as Crosby Carpet Centre

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

1. STATUTORY INFORMATION

Crosby 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.

Goodwill
Goodwill has not been 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.
Plant and machinery etc - 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Crosby Carpets Ltd (Registered number: 04634351)
Trading as Crosby Carpet Centre

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

2. ACCOUNTING POLICIES - continued

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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 35,442
NET BOOK VALUE
At 31 January 2024 35,442
At 31 January 2023 35,442

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 3,729
Additions 245
At 31 January 2024 3,974
DEPRECIATION
At 1 February 2023 1,538
Charge for year 432
At 31 January 2024 1,970
NET BOOK VALUE
At 31 January 2024 2,004
At 31 January 2023 2,191

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors - 180

Crosby Carpets Ltd (Registered number: 04634351)
Trading as Crosby Carpet Centre

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 32,513 24,901
Taxation and social security 10,306 13,302
Other creditors 8,944 8,996
51,763 47,199

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 37,081 42,291

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 37,081 42,291

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
M Pilkington
Balance outstanding at start of year (144 ) (276 )
Amounts advanced 22,118 25,172
Amounts repaid (22,000 ) (25,040 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (26 ) (144 )