BrightAccountsProduction v1.0.0 v1.0.0 2023-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the retailing of household carpets. flooring and related accessories. 11 November 2024 NI053122 2024-03-31 NI053122 2023-03-31 NI053122 2022-03-31 NI053122 2023-04-01 2024-03-31 NI053122 2022-04-01 2023-03-31 NI053122 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI053122 uk-curr:PoundSterling 2023-04-01 2024-03-31 NI053122 uk-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI053122 uk-bus:FullAccounts 2023-04-01 2024-03-31 NI053122 uk-bus:Director1 2023-04-01 2024-03-31 NI053122 uk-bus:CompanySecretary1 2023-04-01 2024-03-31 NI053122 uk-bus:RegisteredOffice 2023-04-01 2024-03-31 NI053122 uk-bus:Agent1 2023-04-01 2024-03-31 NI053122 uk-core:ShareCapital 2024-03-31 NI053122 uk-core:ShareCapital 2023-03-31 NI053122 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI053122 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI053122 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 NI053122 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI053122 uk-bus:FRS102 2023-04-01 2024-03-31 NI053122 uk-core:PlantMachinery 2023-04-01 2024-03-31 NI053122 uk-core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 NI053122 uk-core:MotorVehicles 2023-04-01 2024-03-31 NI053122 uk-core:CurrentFinancialInstruments 2024-03-31 NI053122 uk-core:CurrentFinancialInstruments 2023-03-31 NI053122 uk-core:WithinOneYear 2024-03-31 NI053122 uk-core:WithinOneYear 2023-03-31 NI053122 2023-04-01 2024-03-31 NI053122 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI053122
 
 
Chatsworth Carpets (Portadown) Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 March 2024
Chatsworth Carpets (Portadown) Limited
DIRECTOR AND OTHER INFORMATION

 
Director Mr. Paul Leeper
 
 
Company Secretary Miss Karen Leeper
 
 
Company Registration Number NI053122
 
 
Registered Office and Business Address 25-27 William Street
Lurgan
Co. Armagh
BT66 6JA
United Kingdom
 
 
Accountants MG accountants
(Portadown)
25-27 Carleton Street
Portadown
Co. Armagh
BT62 3EP
Northern Ireland
 
 
Bankers Santander
  24 Market Street
  Portadown
  Co. Armagh
  BT62 3LD
  United Kingdom
 
   
Solicitors Gerard Maguire & Co. Solicitors
  8 Thomas Street
  Portadown
  Co Armagh



Chatsworth Carpets (Portadown) Limited
Company Registration Number: NI053122
BALANCE SHEET
as at 31 March 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 7,110 9,476
───────── ─────────
 
Current Assets
Stocks 5 14,850 14,763
Debtors 6 9,849 1,930
Cash and cash equivalents 108,284 144,623
───────── ─────────
132,983 161,316
───────── ─────────
Creditors: amounts falling due within one year 7 (42,557) (57,364)
───────── ─────────
Net Current Assets 90,426 103,952
───────── ─────────
Total Assets less Current Liabilities 97,536 113,428
═════════ ═════════
 
Capital and Reserves
Called up share capital 2 2
Retained earnings 97,534 113,426
───────── ─────────
Equity attributable to owners of the company 97,536 113,428
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 11 November 2024
           
           
________________________________          
Mr. Paul Leeper          
Director          
           



Chatsworth Carpets (Portadown) Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024

   
1. General Information
 
Chatsworth Carpets (Portadown) Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI053122. The registered office of the company is 25-27 William Street, Lurgan, Co. Armagh, BT66 6JA, United Kingdom which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 March 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year. Revenue is recognised when a sales invoice is raised.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 20% Reducing Balance
  Fixtures, fittings and equipment - 25% Straight Line
  Motor vehicles - 25% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 3, (2023 - 3).
 
  2024 2023
  Number Number
 
Director 1 1
Full Time 2 2
  ───────── ─────────
  3 3
  ═════════ ═════════
           
4. Tangible assets
  Plant and Fixtures, Motor Total
  machinery fittings and vehicles  
    equipment    
  £ £ £ £
Cost
At 1 April 2023 1,717 8,218 15,244 25,179
  ───────── ───────── ───────── ─────────
 
At 31 March 2024 1,717 8,218 15,244 25,179
  ───────── ───────── ───────── ─────────
Depreciation
At 1 April 2023 1,680 8,218 5,805 15,703
Charge for the financial year 7 - 2,359 2,366
  ───────── ───────── ───────── ─────────
At 31 March 2024 1,687 8,218 8,164 18,069
  ───────── ───────── ───────── ─────────
Net book value
At 31 March 2024 30 - 7,080 7,110
  ═════════ ═════════ ═════════ ═════════
At 31 March 2023 37 - 9,439 9,476
  ═════════ ═════════ ═════════ ═════════
       
5. Stocks 2024 2023
  £ £
 
Finished goods and goods for resale 14,850 14,763
  ═════════ ═════════
       
6. Debtors 2024 2023
  £ £
 
Trade debtors 9,849 -
Director's current account (Note ) - 1,930
  ───────── ─────────
  9,849 1,930
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due within one year £ £
 
Trade creditors 10,876 25,636
Taxation  (Note 8) 22,389 24,778
Director's current account 2,447 -
Other creditors 3,065 3,350
Accruals 3,780 3,600
  ───────── ─────────
  42,557 57,364
  ═════════ ═════════
       
8. Taxation 2024 2023
  £ £
 
Creditors:
VAT 14,253 18,063
Corporation tax 7,361 5,064
PAYE / NI 775 1,651
  ───────── ─────────
  22,389 24,778
  ═════════ ═════════
   
9. Controlling interest
 
The company regard Mr Paul Leeper as the ultimate controlling party.