Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 01764345 Mr Andrew Granat Mrs Angela Granat iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01764345 2023-03-31 01764345 2024-03-31 01764345 2023-04-01 2024-03-31 01764345 frs-core:CurrentFinancialInstruments 2024-03-31 01764345 frs-core:FurnitureFittings 2024-03-31 01764345 frs-core:FurnitureFittings 2023-04-01 2024-03-31 01764345 frs-core:FurnitureFittings 2023-03-31 01764345 frs-core:MotorVehicles 2024-03-31 01764345 frs-core:MotorVehicles 2023-04-01 2024-03-31 01764345 frs-core:MotorVehicles 2023-03-31 01764345 frs-core:ShareCapital 2024-03-31 01764345 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 01764345 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01764345 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 01764345 frs-bus:SmallEntities 2023-04-01 2024-03-31 01764345 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01764345 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 01764345 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 01764345 frs-bus:OrdinaryShareClass1 2024-03-31 01764345 frs-bus:Director1 2023-04-01 2024-03-31 01764345 frs-bus:Director2 2023-04-01 2024-03-31 01764345 frs-countries:EnglandWales 2023-04-01 2024-03-31 01764345 2022-03-31 01764345 2023-03-31 01764345 2022-04-01 2023-03-31 01764345 frs-core:CurrentFinancialInstruments 2023-03-31 01764345 frs-core:ShareCapital 2023-03-31 01764345 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 01764345 frs-bus:OrdinaryShareClass1 2022-04-01 2023-03-31
Carpet Village Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 01764345
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,000 -
8,000 -
CURRENT ASSETS
Stocks 5 1,500 1,500
Debtors 6 33,628 51,221
Cash at bank and in hand 37,461 15,972
72,589 68,693
Creditors: Amounts Falling Due Within One Year 7 (63,545 ) (48,960 )
NET CURRENT ASSETS (LIABILITIES) 9,044 19,733
TOTAL ASSETS LESS CURRENT LIABILITIES 17,044 19,733
NET ASSETS 17,044 19,733
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 16,044 18,733
SHAREHOLDERS' FUNDS 17,044 19,733
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Granat
Director
04/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Carpet Village Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01764345 . The registered office is 56 Upper Mulgrave Road, Cheam, Surrey, SM2 7AJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
2.3. Tangible Fixed Assets and Depreciation
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:
Motor Vehicles 4 Years Straight Line Basis
Fixtures & Fittings 4 Years Straight Line Basis
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.


2.4. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
2.5. Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

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.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account. except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 4,650 3 4,653
Additions 10,000 - 10,000
Disposals (4,650 ) (3 ) (4,653 )
As at 31 March 2024 10,000 - 10,000
Depreciation
As at 1 April 2023 4,650 3 4,653
Provided during the period 2,000 - 2,000
Disposals (4,650 ) (3 ) (4,653 )
As at 31 March 2024 2,000 - 2,000
Net Book Value
As at 31 March 2024 8,000 - 8,000
As at 1 April 2023 - - -
5. Stocks
2024 2023
£ £
Finished goods 1,500 1,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 33,628 51,221
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,524 18,574
Corporation tax 36,092 12,999
Other taxes and social security 10,748 7,615
Other creditors 1,718 7,378
Directors' loan accounts 3,453 382
Amounts owed to group undertakings 10 2,012
63,545 48,960
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1,000 Ordinary Shares of £ 1 each 1,000 1,000
Page 4