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REGISTERED NUMBER: 11124296 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30th April 2024

for

P.C. Carpets Limited

P.C. Carpets Limited (Registered number: 11124296)






Contents of the Financial Statements
for the year ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P.C. Carpets Limited

Company Information
for the year ended 30th April 2024







DIRECTOR: Mr C J Halsall





REGISTERED OFFICE: 30 Watkin Lane
Lostock Hall
Preston
Lancashire
PR5 5RD





REGISTERED NUMBER: 11124296 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

P.C. Carpets Limited (Registered number: 11124296)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 9,179
Tangible assets 5 85,664 20,824
85,664 30,003

CURRENT ASSETS
Stocks 22,375 21,150
Debtors 6 160,485 90,027
Cash at bank and in hand 18,918 245,511
201,778 356,688
CREDITORS
Amounts falling due within one year 7 110,125 140,764
NET CURRENT ASSETS 91,653 215,924
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,317

245,927

PROVISIONS FOR LIABILITIES 3,820 3,675
NET ASSETS 173,497 242,252

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 173,397 242,152
SHAREHOLDERS' FUNDS 173,497 242,252

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

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

P.C. Carpets Limited (Registered number: 11124296)

Balance Sheet - continued
30th April 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 29th January 2025 and were signed by:





Mr C J Halsall - Director


P.C. Carpets Limited (Registered number: 11124296)

Notes to the Financial Statements
for the year ended 30th April 2024

1. STATUTORY INFORMATION

P.C. 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 20% on cost
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.

P.C. Carpets Limited (Registered number: 11124296)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 30th April 2024 49,384
AMORTISATION
At 1st May 2023 40,205
Charge for year 9,179
At 30th April 2024 49,384
NET BOOK VALUE
At 30th April 2024 -
At 30th April 2023 9,179

P.C. Carpets Limited (Registered number: 11124296)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st May 2023 - 35,695 35,695
Additions 80,000 6,993 86,993
At 30th April 2024 80,000 42,688 122,688
DEPRECIATION
At 1st May 2023 - 14,871 14,871
Charge for year 16,000 6,153 22,153
At 30th April 2024 16,000 21,024 37,024
NET BOOK VALUE
At 30th April 2024 64,000 21,664 85,664
At 30th April 2023 - 20,824 20,824

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st May 2023 7,550
Transfer to ownership (7,550 )
At 30th April 2024 -
DEPRECIATION
At 1st May 2023 4,829
Transfer to ownership (4,829 )
At 30th April 2024 -
NET BOOK VALUE
At 30th April 2024 -
At 30th April 2023 2,721

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 144,929 89,273
Other debtors 15,556 754
160,485 90,027

P.C. Carpets Limited (Registered number: 11124296)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 901
Trade creditors 45,965 31,121
Taxation and social security 11,526 32,876
Other creditors 52,634 75,866
110,125 140,764

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 901

9. RELATED PARTY DISCLOSURES

Mr C J Halsall is also a director and controlling shareholder of Halsall Holdings Limited.

As at the year end, the company owed Halsall Holdings Limited £40,000 in the form of a loan, no interest was charged. (2023 - £39,000 was owed by the company, no interest was charged).

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C J Halsall.