Company registration number 12509930 (England and Wales)
ESSENDON CARPET CO. LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
ESSENDON CARPET CO. LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
ESSENDON CARPET CO. LTD
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
10,258
12,823
Current assets
Debtors
4
14,305
5,821
Cash at bank and in hand
2,028
548
16,333
6,369
Creditors: amounts falling due within one year
5
(78,006)
(59,396)
Net current liabilities
(61,673)
(53,027)
Net liabilities
(51,415)
(40,204)
Capital and reserves
Called up share capital
6
100
100
Distributable profit and loss reserves
(51,515)
(40,304)
Total equity
(51,415)
(40,204)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 28 October 2024
Karen Daley
Director
Company registration number 12509930 (England and Wales)
ESSENDON CARPET CO. LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 2 -
1
Accounting policies
Company information

Essendon Carpet Co. Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1 Queens Parade, Brownlow Road, London, N11 2DN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. The director has confirmed in writing that the company will continue in operational existence for the foreseeable future.

1.3
Turnover

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

 

Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
10% Straight line
Fixtures and fittings
10% Straight line
Motor vehicles
25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

ESSENDON CARPET CO. LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
1
Accounting policies
(Continued)
- 3 -
1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

1.7
Taxation

The tax expense represents deferred tax only.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of person employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
ESSENDON CARPET CO. LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 4 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 and 30 November 2023
20,075
Depreciation and impairment
At 1 December 2022
7,252
Depreciation charged in the year
2,565
At 30 November 2023
9,817
Carrying amount
At 30 November 2023
10,258
At 30 November 2022
12,823

 

4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
13,214
157
Amounts owed by group undertakings
-
0
5,368
Other debtors
638
296
13,852
5,821
2023
2022
Amounts falling due after more than one year:
£
£
Deferred tax asset
453
-
0
Total debtors
14,305
5,821
5
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
75,334
56,401
Taxation and social security
2,047
1,520
Other creditors
625
1,475
78,006
59,396
ESSENDON CARPET CO. LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 5 -
6
Called up share capital
2023
2022
Ordinary share capital
£
£
Issued and fully paid
100 Ordinary shares of £1 each
100
100
7
Parent company

The ultimate parent company is Daley & Son (UK) Limited, a company registered in England and Wales.

2023-11-302022-12-01false28 October 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityKaren Daleyfalsefalse125099302022-12-012023-11-30125099302023-11-30125099302022-11-3012509930core:OtherPropertyPlantEquipment2023-11-3012509930core:OtherPropertyPlantEquipment2022-11-3012509930core:CurrentFinancialInstrumentscore:WithinOneYear2023-11-3012509930core:CurrentFinancialInstrumentscore:WithinOneYear2022-11-3012509930core:CurrentFinancialInstruments2023-11-3012509930core:CurrentFinancialInstruments2022-11-3012509930core:ShareCapital2023-11-3012509930core:ShareCapital2022-11-3012509930core:RetainedEarningsAccumulatedLosses2023-11-3012509930core:RetainedEarningsAccumulatedLosses2022-11-3012509930bus:Director12022-12-012023-11-3012509930core:PlantMachinery2022-12-012023-11-3012509930core:FurnitureFittings2022-12-012023-11-3012509930core:MotorVehicles2022-12-012023-11-30125099302021-12-012022-11-3012509930core:OtherPropertyPlantEquipment2022-11-3012509930core:OtherPropertyPlantEquipment2022-12-012023-11-3012509930core:WithinOneYear2023-11-3012509930core:WithinOneYear2022-11-3012509930core:AfterOneYear2023-11-3012509930core:AfterOneYear2022-11-3012509930bus:PrivateLimitedCompanyLtd2022-12-012023-11-3012509930bus:SmallCompaniesRegimeForAccounts2022-12-012023-11-3012509930bus:FRS1022022-12-012023-11-3012509930bus:AuditExemptWithAccountantsReport2022-12-012023-11-3012509930bus:FullAccounts2022-12-012023-11-30xbrli:purexbrli:sharesiso4217:GBP