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REGISTERED NUMBER: 04065119 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

VILLAGE CARPETS AND FLOORINGS LIMITED

VILLAGE CARPETS AND FLOORINGS LIMITED (REGISTERED NUMBER: 04065119)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 September 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


VILLAGE CARPETS AND FLOORINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 September 2024







DIRECTORS: Mr K Fitzpatrick
Mrs N J Fitzpatrick





REGISTERED OFFICE: The Ivy House
1 Folly Lane
Petersfield
Hampshire
GU31 4AU





REGISTERED NUMBER: 04065119 (England and Wales)





ACCOUNTANTS: Wallis White & Co
Accountants and Tax Consultants
The Ivy House
1 Folly Lane
Petersfield
Hampshire
GU31 4AU

VILLAGE CARPETS AND FLOORINGS LIMITED (REGISTERED NUMBER: 04065119)

BALANCE SHEET
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 13,717

CURRENT ASSETS
Stocks 5 - 5,825
Debtors 6 - 28,791
Cash at bank 241,677 429,065
241,677 463,681
CREDITORS
Amounts falling due within one year 7 56,572 117,898
NET CURRENT ASSETS 185,105 345,783
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,105

359,500

PROVISIONS FOR LIABILITIES 3,188 3,188
NET ASSETS 181,917 356,312

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve (40,150 ) (40,150 )
Retained earnings 222,017 396,412
SHAREHOLDERS' FUNDS 181,917 356,312

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

VILLAGE CARPETS AND FLOORINGS LIMITED (REGISTERED NUMBER: 04065119)

BALANCE SHEET - continued
30 September 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 Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





Mr K Fitzpatrick - Director


VILLAGE CARPETS AND FLOORINGS LIMITED (REGISTERED NUMBER: 04065119)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 September 2024


1. STATUTORY INFORMATION

Village Carpets and Floorings 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 etc - 25% on reducing balance and 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 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.

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 NIL (2023 - 4 ).

VILLAGE CARPETS AND FLOORINGS LIMITED (REGISTERED NUMBER: 04065119)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 September 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 67,752
Additions 34,225
Disposals (101,977 )
At 30 September 2024 -
DEPRECIATION
At 1 October 2023 54,035
Eliminated on disposal (54,035 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 13,717

5. STOCKS
30.9.24 30.9.23
£    £   
Work-in-progress - 3,325
Finished goods - 2,500
- 5,825

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors - 15,340
Other debtors - 13,451
- 28,791

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts - 1,569
Trade creditors 29 32,763
Taxation and social security 3,128 39,338
Other creditors 53,415 44,228
56,572 117,898