IRIS Accounts Production v24.3.0.553 12068709 director 1.7.23 30.6.24 30.6.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh120687092023-06-30120687092024-06-30120687092023-07-012024-06-30120687092022-06-30120687092022-07-012023-06-30120687092023-06-3012068709ns15:EnglandWales2023-07-012024-06-3012068709ns14:PoundSterling2023-07-012024-06-3012068709ns10:Director12023-07-012024-06-3012068709ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3012068709ns10:SmallEntities2023-07-012024-06-3012068709ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3012068709ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3012068709ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3012068709ns10:FullAccounts2023-07-012024-06-3012068709ns10:OrdinaryShareClass12023-07-012024-06-3012068709ns10:RegisteredOffice2023-07-012024-06-3012068709ns5:CurrentFinancialInstruments2024-06-3012068709ns5:CurrentFinancialInstruments2023-06-3012068709ns5:Non-currentFinancialInstruments2024-06-3012068709ns5:Non-currentFinancialInstruments2023-06-3012068709ns5:ShareCapital2024-06-3012068709ns5:ShareCapital2023-06-3012068709ns5:RetainedEarningsAccumulatedLosses2024-06-3012068709ns5:RetainedEarningsAccumulatedLosses2023-06-3012068709ns5:PlantMachinery2023-07-012024-06-3012068709ns5:FurnitureFittings2023-07-012024-06-3012068709ns5:ComputerEquipment2023-07-012024-06-3012068709ns5:PlantMachinery2023-06-3012068709ns5:FurnitureFittings2023-06-3012068709ns5:ComputerEquipment2023-06-3012068709ns5:PlantMachinery2024-06-3012068709ns5:FurnitureFittings2024-06-3012068709ns5:ComputerEquipment2024-06-3012068709ns5:PlantMachinery2023-06-3012068709ns5:FurnitureFittings2023-06-3012068709ns5:ComputerEquipment2023-06-3012068709ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-06-3012068709ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-06-3012068709ns5:DeferredTaxation2023-07-012024-06-3012068709ns5:DeferredTaxation2024-06-3012068709ns10:OrdinaryShareClass12024-06-3012068709ns5:RetainedEarningsAccumulatedLosses2023-06-3012068709ns5:RetainedEarningsAccumulatedLosses2023-07-012024-06-30
REGISTERED NUMBER: 12068709 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Factory Carpets Direct.Com Limited

Factory Carpets Direct.Com Limited (Registered number: 12068709)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Factory Carpets Direct.Com Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr J J Sutton





REGISTERED OFFICE: Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA





BUSINESS ADDRESS: Melrose Place
Whitecross
Hereford
HR4 0DN





REGISTERED NUMBER: 12068709 (England and Wales)





ACCOUNTANTS: ARC & Co. Accountants Limited
Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA

Factory Carpets Direct.Com Limited (Registered number: 12068709)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,292 21,989

CURRENT ASSETS
Stocks 5 17,240 -
Debtors 6 166,042 143,619
Cash at bank 23,069 41,660
206,351 185,279
CREDITORS
Amounts falling due within one year 7 116,666 94,102
NET CURRENT ASSETS 89,685 91,177
TOTAL ASSETS LESS CURRENT
LIABILITIES

122,977

113,166

CREDITORS
Amounts falling due after more than one
year

8

(12,237

)

(22,450

)

PROVISIONS FOR LIABILITIES 9 (6,325 ) -
NET ASSETS 104,415 90,716

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 104,414 90,715
SHAREHOLDERS' FUNDS 104,415 90,716

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Factory Carpets Direct.Com Limited (Registered number: 12068709)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 November 2024 and were signed by:





Mr J J Sutton - Director


Factory Carpets Direct.Com Limited (Registered number: 12068709)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Factory Carpets Direct.Com Limited 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% 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 Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

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

Factory Carpets Direct.Com Limited (Registered number: 12068709)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 27,450 7,500 1,149 36,099
Additions 37,033 - - 37,033
Disposals (27,450 ) - - (27,450 )
At 30 June 2024 37,033 7,500 1,149 45,682
DEPRECIATION
At 1 July 2023 9,882 3,595 633 14,110
Charge for year 10,921 585 170 11,676
Eliminated on disposal (13,396 ) - - (13,396 )
At 30 June 2024 7,407 4,180 803 12,390
NET BOOK VALUE
At 30 June 2024 29,626 3,320 346 33,292
At 30 June 2023 17,568 3,905 516 21,989

5. STOCKS
30.6.24 30.6.23
£    £   
Stocks 17,240 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 166,042 143,619

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,213 9,957
Corporation tax 39,112 31,629
Social security and other taxes 398 252
VAT 7,152 8,533
Directors' current accounts 58,291 42,231
Accrued expenses 1,500 1,500
116,666 94,102

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 12,237 22,450

Factory Carpets Direct.Com Limited (Registered number: 12068709)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 6,325 -

Deferred
tax
£   
Charge to Income Statement during year 6,325
Balance at 30 June 2024 6,325

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1 Ordinary £1.00 1 1

11. RESERVES
Retained
earnings
£   

At 1 July 2023 90,715
Profit for the year 28,699
Dividends (15,000 )
At 30 June 2024 104,414

12. RELATED PARTY DISCLOSURES

During the year the director, Mr J J Sutton, made net deposits to his account of £16,060. The balance on his account at 30 June 2024 was £58,291 in credit (2023 - £42,231).

Mr Sutton also received dividends from the company of £15,000 (2023 - £15,000).

13. ULTIMATE CONTROLLING PARTY

Mr J J Sutton is the ultimate controlling party by virtue of his holding all of the company's issued share capital.