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REGISTERED NUMBER: 01179977 (England and Wales)















Twydall Carpets Limited

Unaudited Financial Statements for the Year Ended 30 September 2024






Twydall Carpets Limited (Registered number: 01179977)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Twydall Carpets Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: S J Bowring





REGISTERED OFFICE: 5 London Road
Rainham
Gillingham
Kent
ME8 7RG





BUSINESS ADDRESS: 52 Twydall Green
Gillingham
Kent
ME8 6XJ





REGISTERED NUMBER: 01179977 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Twydall Carpets Limited (Registered number: 01179977)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,367 1,255

CURRENT ASSETS
Inventories 6,479 5,643
Debtors 5 18,141 11,430
Cash at bank and in hand 97,361 118,156
121,981 135,229
CREDITORS
Amounts falling due within one year 6 41,322 53,600
NET CURRENT ASSETS 80,659 81,629
TOTAL ASSETS LESS CURRENT LIABILITIES 84,026 82,884

CREDITORS
Amounts falling due after more than one
year

7

(7,894

)

(18,196

)

PROVISIONS FOR LIABILITIES (640 ) (239 )
NET ASSETS 75,492 64,449

CAPITAL AND RESERVES
Called up share capital 60 60
Capital redemption reserve 60 60
Retained earnings 75,372 64,329
SHAREHOLDERS' FUNDS 75,492 64,449

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 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.

Twydall Carpets Limited (Registered number: 01179977)

Statement of Financial Position - 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 director and authorised for issue on 17 January 2025 and were signed by:





S J Bowring - Director


Twydall Carpets Limited (Registered number: 01179977)

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

1. STATUTORY INFORMATION

Twydall Carpets 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
Turnover represents the fair value of consideration received or receivable derived from the provision of goods and services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - Over the term of the lease
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.
In respect of work in progress and finished goods, cost includes an appropriate proportion of attributable overheads according to the stage of manufacture/completion.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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 statement of financial position date.


Twydall Carpets Limited (Registered number: 01179977)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 1,156 9,975 11,131
Additions - 2,804 2,804
Disposals - (4,377 ) (4,377 )
At 30 September 2024 1,156 8,402 9,558
DEPRECIATION
At 1 October 2023 1,156 8,720 9,876
Charge for year - 534 534
Eliminated on disposal - (4,219 ) (4,219 )
At 30 September 2024 1,156 5,035 6,191
NET BOOK VALUE
At 30 September 2024 - 3,367 3,367
At 30 September 2023 - 1,255 1,255

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,071 6,648
Other debtors 5,070 4,782
18,141 11,430

Twydall Carpets Limited (Registered number: 01179977)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,326 10,077
Trade creditors 18,403 22,808
Taxation and social security 9,202 17,979
Other creditors 3,391 2,736
41,322 53,600

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,894 18,196

8. LEASING AGREEMENTS

The company had total commitments under non-cancellable operating leases at the balance sheet date of £58,500 (2023- £76,500).