2023-05-012024-04-302024-04-30false03735271Parfitt's Carpets & Interiors Limited2024-11-25falseiso4217:GBPxbrli:pure037352712023-05-01037352712024-04-30037352712023-05-012024-04-30037352712022-05-01037352712023-04-30037352712022-05-012023-04-3003735271bus:SmallEntities2023-05-012024-04-3003735271bus:AuditExempt-NoAccountantsReport2023-05-012024-04-3003735271bus:AbridgedAccounts2023-05-012024-04-3003735271bus:PrivateLimitedCompanyLtd2023-05-012024-04-3003735271core:WithinOneYear2024-04-3003735271core:AfterOneYear2024-04-3003735271core:WithinOneYear2023-04-3003735271core:AfterOneYear2023-04-3003735271core:ShareCapital2024-04-3003735271core:SharePremium2024-04-3003735271core:RevaluationReserve2024-04-3003735271core:OtherReservesSubtotal2024-04-3003735271core:RetainedEarningsAccumulatedLosses2024-04-3003735271core:ShareCapital2023-04-3003735271core:SharePremium2023-04-3003735271core:RevaluationReserve2023-04-3003735271core:OtherReservesSubtotal2023-04-3003735271core:RetainedEarningsAccumulatedLosses2023-04-3003735271core:LandBuildings2024-04-3003735271core:PlantMachinery2024-04-3003735271core:Vehicles2024-04-3003735271core:FurnitureFittings2024-04-3003735271core:OfficeEquipment2024-04-3003735271core:NetGoodwill2024-04-3003735271core:IntangibleAssetsOtherThanGoodwill2024-04-3003735271core:ListedExchangeTraded2024-04-3003735271core:UnlistedNon-exchangeTraded2024-04-3003735271core:LandBuildings2023-04-3003735271core:PlantMachinery2023-04-3003735271core:Vehicles2023-04-3003735271core:FurnitureFittings2023-04-3003735271core:OfficeEquipment2023-04-3003735271core:NetGoodwill2023-04-3003735271core:IntangibleAssetsOtherThanGoodwill2023-04-3003735271core:ListedExchangeTraded2023-04-3003735271core:UnlistedNon-exchangeTraded2023-04-3003735271core:LandBuildings2023-05-012024-04-3003735271core:PlantMachinery2023-05-012024-04-3003735271core:Vehicles2023-05-012024-04-3003735271core:FurnitureFittings2023-05-012024-04-3003735271core:OfficeEquipment2023-05-012024-04-3003735271core:NetGoodwill2023-05-012024-04-3003735271core:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3003735271core:ListedExchangeTraded2023-05-012024-04-3003735271core:UnlistedNon-exchangeTraded2023-05-012024-04-3003735271core:MoreThanFiveYears2023-05-012024-04-3003735271core:Non-currentFinancialInstruments2024-04-3003735271core:Non-currentFinancialInstruments2023-04-3003735271dpl:CostSales2023-05-012024-04-3003735271dpl:DistributionCosts2023-05-012024-04-3003735271core:LandBuildings2023-05-012024-04-3003735271core:PlantMachinery2023-05-012024-04-3003735271core:Vehicles2023-05-012024-04-3003735271core:FurnitureFittings2023-05-012024-04-3003735271core:OfficeEquipment2023-05-012024-04-3003735271dpl:AdministrativeExpenses2023-05-012024-04-3003735271core:NetGoodwill2023-05-012024-04-3003735271core:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3003735271dpl:GroupUndertakings2023-05-012024-04-3003735271dpl:ParticipatingInterests2023-05-012024-04-3003735271dpl:GroupUndertakingscore:ListedExchangeTraded2023-05-012024-04-3003735271core:ListedExchangeTraded2023-05-012024-04-3003735271dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-05-012024-04-3003735271core:UnlistedNon-exchangeTraded2023-05-012024-04-3003735271dpl:CostSales2022-05-012023-04-3003735271dpl:DistributionCosts2022-05-012023-04-3003735271core:LandBuildings2022-05-012023-04-3003735271core:PlantMachinery2022-05-012023-04-3003735271core:Vehicles2022-05-012023-04-3003735271core:FurnitureFittings2022-05-012023-04-3003735271core:OfficeEquipment2022-05-012023-04-3003735271dpl:AdministrativeExpenses2022-05-012023-04-3003735271core:NetGoodwill2022-05-012023-04-3003735271core:IntangibleAssetsOtherThanGoodwill2022-05-012023-04-3003735271dpl:GroupUndertakings2022-05-012023-04-3003735271dpl:ParticipatingInterests2022-05-012023-04-3003735271dpl:GroupUndertakingscore:ListedExchangeTraded2022-05-012023-04-3003735271core:ListedExchangeTraded2022-05-012023-04-3003735271dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-05-012023-04-3003735271core:UnlistedNon-exchangeTraded2022-05-012023-04-3003735271core:NetGoodwill2024-04-3003735271core:IntangibleAssetsOtherThanGoodwill2024-04-3003735271core:LandBuildings2024-04-3003735271core:PlantMachinery2024-04-3003735271core:Vehicles2024-04-3003735271core:FurnitureFittings2024-04-3003735271core:OfficeEquipment2024-04-3003735271core:AfterOneYear2024-04-3003735271core:WithinOneYear2024-04-3003735271core:ListedExchangeTraded2024-04-3003735271core:UnlistedNon-exchangeTraded2024-04-3003735271core:ShareCapital2024-04-3003735271core:SharePremium2024-04-3003735271core:RevaluationReserve2024-04-3003735271core:OtherReservesSubtotal2024-04-3003735271core:RetainedEarningsAccumulatedLosses2024-04-3003735271core:NetGoodwill2023-04-3003735271core:IntangibleAssetsOtherThanGoodwill2023-04-3003735271core:LandBuildings2023-04-3003735271core:PlantMachinery2023-04-3003735271core:Vehicles2023-04-3003735271core:FurnitureFittings2023-04-3003735271core:OfficeEquipment2023-04-3003735271core:AfterOneYear2023-04-3003735271core:WithinOneYear2023-04-3003735271core:ListedExchangeTraded2023-04-3003735271core:UnlistedNon-exchangeTraded2023-04-3003735271core:ShareCapital2023-04-3003735271core:SharePremium2023-04-3003735271core:RevaluationReserve2023-04-3003735271core:OtherReservesSubtotal2023-04-3003735271core:RetainedEarningsAccumulatedLosses2023-04-3003735271core:NetGoodwill2022-05-0103735271core:IntangibleAssetsOtherThanGoodwill2022-05-0103735271core:LandBuildings2022-05-0103735271core:PlantMachinery2022-05-0103735271core:Vehicles2022-05-0103735271core:FurnitureFittings2022-05-0103735271core:OfficeEquipment2022-05-0103735271core:AfterOneYear2022-05-0103735271core:WithinOneYear2022-05-0103735271core:ListedExchangeTraded2022-05-0103735271core:UnlistedNon-exchangeTraded2022-05-0103735271core:ShareCapital2022-05-0103735271core:SharePremium2022-05-0103735271core:RevaluationReserve2022-05-0103735271core:OtherReservesSubtotal2022-05-0103735271core:RetainedEarningsAccumulatedLosses2022-05-0103735271core:AfterOneYear2023-05-012024-04-3003735271core:WithinOneYear2023-05-012024-04-3003735271core:Non-currentFinancialInstrumentscore:CostValuation2023-05-012024-04-3003735271core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-05-012024-04-3003735271core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-05-012024-04-3003735271core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-05-012024-04-3003735271core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-05-012024-04-3003735271core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-05-012024-04-3003735271core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-05-012024-04-3003735271core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-05-012024-04-3003735271core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-05-012024-04-3003735271core:Non-currentFinancialInstrumentscore:CostValuation2024-04-3003735271core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-04-3003735271core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-04-3003735271core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-04-3003735271core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-04-3003735271core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-04-3003735271core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-04-3003735271core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-04-3003735271core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-04-3003735271core:Non-currentFinancialInstrumentscore:CostValuation2023-04-3003735271core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-3003735271core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-3003735271core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-3003735271core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-3003735271core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-3003735271core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-3003735271core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-3003735271core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-3003735271bus:Director12023-05-012024-04-30

Parfitt's Carpets & Interiors Limited

Registered Number
03735271
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

Parfitt's Carpets & Interiors Limited
Company Information
for the year from 1 May 2023 to 30 April 2024

Director

Mr J A Parfitt

Company Secretary

Mrs J C Parfit

Registered Address

Gordon Street
Pembroke Dock
Dyfed
SA72 6DA

Registered Number

03735271 (England and Wales)
Parfitt's Carpets & Interiors Limited
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets594,76492,943
94,76492,943
Current assets
Stocks661,82068,000
Debtors722,52037,808
Cash at bank and on hand25,65921,541
109,999127,349
Creditors amounts falling due within one year8(79,438)(85,751)
Net current assets (liabilities)30,56141,598
Total assets less current liabilities125,325134,541
Creditors amounts falling due after one year9(106,082)(91,205)
Provisions for liabilities11(2,792)(8,162)
Net assets16,45135,174
Capital and reserves
Called up share capital4,0004,000
Profit and loss account12,45131,174
Shareholders' funds16,45135,174
The financial statements were approved and authorised for issue by the Director on 25 November 2024, and are signed on its behalf by:
Mr J A Parfitt
Director
Registered Company No. 03735271
Parfitt's Carpets & Interiors Limited
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life of 10 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Vehicles25
Office Equipment25
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year1111
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Intangible assets

Total

£
Cost or valuation
At 01 May 23125,000
At 30 April 24125,000
Amortisation and impairment
At 01 May 23125,000
At 30 April 24125,000
Net book value
At 30 April 24-
At 30 April 23-
5.Tangible fixed assets

Total

£
Cost or valuation
At 01 May 23230,073
Additions35,392
Disposals(25,500)
At 30 April 24239,965
Depreciation and impairment
At 01 May 23137,130
Charge for year20,124
On disposals(12,053)
At 30 April 24145,201
Net book value
At 30 April 2494,764
At 30 April 2392,943
6.Stocks

2024

2023

££
Raw materials and consumables61,82068,000
Total61,82068,000
7.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables18,78031,071
Other debtors-19
Prepayments and accrued income3,7406,718
Total22,52037,808
8.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables32,01443,230
Bank borrowings and overdrafts10,65010,908
Taxation and social security25,28624,557
Finance lease and HP contracts3,221-
Other creditors3,243961
Accrued liabilities and deferred income5,0246,095
Total79,43885,751
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts10,18319,108
Other creditors95,89972,097
Total106,08291,205
10.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts23,802-
11.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)2,7928,162
Total2,7928,162