2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 04464996 2023-09-01 2024-08-31 04464996 2024-08-31 04464996 2023-08-31 04464996 2022-09-01 2023-08-31 04464996 2023-08-31 04464996 2022-08-31 04464996 core:MotorVehicles 2023-09-01 2024-08-31 04464996 bus:Director1 2023-09-01 2024-08-31 04464996 core:MotorVehicles 2023-08-31 04464996 core:MotorVehicles 2024-08-31 04464996 core:WithinOneYear 2024-08-31 04464996 core:WithinOneYear 2023-08-31 04464996 core:AfterOneYear 2024-08-31 04464996 core:AfterOneYear 2023-08-31 04464996 core:ShareCapital 2024-08-31 04464996 core:ShareCapital 2023-08-31 04464996 core:RetainedEarningsAccumulatedLosses 2024-08-31 04464996 core:RetainedEarningsAccumulatedLosses 2023-08-31 04464996 core:MotorVehicles 2023-08-31 04464996 bus:SmallEntities 2023-09-01 2024-08-31 04464996 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 04464996 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 04464996 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04464996 bus:FullAccounts 2023-09-01 2024-08-31 04464996 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 04464996 core:FurnitureFittingsToolsEquipment 2024-08-31 04464996 core:FurnitureFittingsToolsEquipment 2023-08-31
COMPANY REGISTRATION NUMBER: 04464996
Darwen Carpets Limited
Filleted Unaudited Financial Statements
For the year ended
31 August 2024
Darwen Carpets Limited
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
1,183
1,490
Current assets
Stocks
10,000
10,000
Debtors
6
2,049
5,063
Cash at bank and in hand
2,023
494
----------
----------
14,072
15,557
Creditors: amounts falling due within one year
7
48,396
39,475
----------
----------
Net current liabilities
34,324
23,918
----------
----------
Total assets less current liabilities
( 33,141)
( 22,428)
Creditors: amounts falling due after more than one year
8
10,050
11,790
----------
----------
Net liabilities
( 43,191)
( 34,218)
----------
----------
Capital and reserves
Called up share capital
4
4
Profit and loss account
( 43,195)
( 34,222)
----------
----------
Shareholders deficit
( 43,191)
( 34,218)
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Darwen Carpets Limited
Statement of Financial Position (continued)
31 August 2024
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 14 January 2025 , and are signed on behalf of the board by:
Mr P Darwen
Director
Company registration number: 04464996
Darwen Carpets Limited
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Queen Street, Morecambe, Lancashire, LA4 5EQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% reducing balance
Equipment
-
15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 September 2023 and 31 August 2024
1,500
7,910
9,410
--------
--------
--------
Depreciation
At 1 September 2023
656
7,264
7,920
Charge for the year
211
96
307
--------
--------
--------
At 31 August 2024
867
7,360
8,227
--------
--------
--------
Carrying amount
At 31 August 2024
633
550
1,183
--------
--------
--------
At 31 August 2023
844
646
1,490
--------
--------
--------
6. Debtors
2024
2023
£
£
Trade debtors
2,049
5,063
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
1,956
2,021
Trade creditors
4,963
10,531
Social security and other taxes
3,462
13,002
Other creditors
38,015
13,921
----------
----------
48,396
39,475
----------
----------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
10,050
11,790
----------
----------
9. Related party transactions
The company was under the control of Mr Darwen throughout the current period. Mr Darwen is the managing director and majority shareholder.