2023-05-012024-04-302024-04-30false08793610WARWICKSHIRE CARPETS & RUGS LTD2025-01-3046499falseiso4217:GBPxbrli:pure087936102023-05-01087936102024-04-30087936102023-05-012024-04-30087936102022-05-01087936102023-04-30087936102022-05-012023-04-3008793610bus:SmallEntities2023-05-012024-04-3008793610bus:AuditExempt-NoAccountantsReport2023-05-012024-04-3008793610bus:FullAccounts2023-05-012024-04-3008793610bus:PrivateLimitedCompanyLtd2023-05-012024-04-3008793610core:WithinOneYear2024-04-3008793610core:AfterOneYear2024-04-3008793610core:WithinOneYear2023-04-3008793610core:AfterOneYear2023-04-3008793610core:ShareCapital2024-04-3008793610core:SharePremium2024-04-3008793610core:RevaluationReserve2024-04-3008793610core:OtherReservesSubtotal2024-04-3008793610core:RetainedEarningsAccumulatedLosses2024-04-3008793610core:ShareCapital2023-04-3008793610core:SharePremium2023-04-3008793610core:RevaluationReserve2023-04-3008793610core:OtherReservesSubtotal2023-04-3008793610core:RetainedEarningsAccumulatedLosses2023-04-3008793610core:LandBuildings2024-04-3008793610core:PlantMachinery2024-04-3008793610core:Vehicles2024-04-3008793610core:FurnitureFittings2024-04-3008793610core:OfficeEquipment2024-04-3008793610core:NetGoodwill2024-04-3008793610core:IntangibleAssetsOtherThanGoodwill2024-04-3008793610core:ListedExchangeTraded2024-04-3008793610core:UnlistedNon-exchangeTraded2024-04-3008793610core:LandBuildings2023-04-3008793610core:PlantMachinery2023-04-3008793610core:Vehicles2023-04-3008793610core:FurnitureFittings2023-04-3008793610core:OfficeEquipment2023-04-3008793610core:NetGoodwill2023-04-3008793610core:IntangibleAssetsOtherThanGoodwill2023-04-3008793610core:ListedExchangeTraded2023-04-3008793610core:UnlistedNon-exchangeTraded2023-04-3008793610core:LandBuildings2023-05-012024-04-3008793610core:PlantMachinery2023-05-012024-04-3008793610core:Vehicles2023-05-012024-04-3008793610core:FurnitureFittings2023-05-012024-04-3008793610core:OfficeEquipment2023-05-012024-04-3008793610core:NetGoodwill2023-05-012024-04-3008793610core:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3008793610core:ListedExchangeTraded2023-05-012024-04-3008793610core:UnlistedNon-exchangeTraded2023-05-012024-04-3008793610core:MoreThanFiveYears2023-05-012024-04-3008793610core:Non-currentFinancialInstruments2024-04-3008793610core:Non-currentFinancialInstruments2023-04-3008793610dpl:CostSales2023-05-012024-04-3008793610dpl:DistributionCosts2023-05-012024-04-3008793610core:LandBuildings2023-05-012024-04-3008793610core:PlantMachinery2023-05-012024-04-3008793610core:Vehicles2023-05-012024-04-3008793610core:FurnitureFittings2023-05-012024-04-3008793610core:OfficeEquipment2023-05-012024-04-3008793610dpl:AdministrativeExpenses2023-05-012024-04-3008793610core:NetGoodwill2023-05-012024-04-3008793610core:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3008793610dpl:GroupUndertakings2023-05-012024-04-3008793610dpl:ParticipatingInterests2023-05-012024-04-3008793610dpl:GroupUndertakingscore:ListedExchangeTraded2023-05-012024-04-3008793610core:ListedExchangeTraded2023-05-012024-04-3008793610dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-05-012024-04-3008793610core:UnlistedNon-exchangeTraded2023-05-012024-04-3008793610dpl:CostSales2022-05-012023-04-3008793610dpl:DistributionCosts2022-05-012023-04-3008793610core:LandBuildings2022-05-012023-04-3008793610core:PlantMachinery2022-05-012023-04-3008793610core:Vehicles2022-05-012023-04-3008793610core:FurnitureFittings2022-05-012023-04-3008793610core:OfficeEquipment2022-05-012023-04-3008793610dpl:AdministrativeExpenses2022-05-012023-04-3008793610core:NetGoodwill2022-05-012023-04-3008793610core:IntangibleAssetsOtherThanGoodwill2022-05-012023-04-3008793610dpl:GroupUndertakings2022-05-012023-04-3008793610dpl:ParticipatingInterests2022-05-012023-04-3008793610dpl:GroupUndertakingscore:ListedExchangeTraded2022-05-012023-04-3008793610core:ListedExchangeTraded2022-05-012023-04-3008793610dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-05-012023-04-3008793610core:UnlistedNon-exchangeTraded2022-05-012023-04-3008793610core:NetGoodwill2024-04-3008793610core:IntangibleAssetsOtherThanGoodwill2024-04-3008793610core:LandBuildings2024-04-3008793610core:PlantMachinery2024-04-3008793610core:Vehicles2024-04-3008793610core:FurnitureFittings2024-04-3008793610core:OfficeEquipment2024-04-3008793610core:AfterOneYear2024-04-3008793610core:WithinOneYear2024-04-3008793610core:ListedExchangeTraded2024-04-3008793610core:UnlistedNon-exchangeTraded2024-04-3008793610core:ShareCapital2024-04-3008793610core:SharePremium2024-04-3008793610core:RevaluationReserve2024-04-3008793610core:OtherReservesSubtotal2024-04-3008793610core:RetainedEarningsAccumulatedLosses2024-04-3008793610core:NetGoodwill2023-04-3008793610core:IntangibleAssetsOtherThanGoodwill2023-04-3008793610core:LandBuildings2023-04-3008793610core:PlantMachinery2023-04-3008793610core:Vehicles2023-04-3008793610core:FurnitureFittings2023-04-3008793610core:OfficeEquipment2023-04-3008793610core:AfterOneYear2023-04-3008793610core:WithinOneYear2023-04-3008793610core:ListedExchangeTraded2023-04-3008793610core:UnlistedNon-exchangeTraded2023-04-3008793610core:ShareCapital2023-04-3008793610core:SharePremium2023-04-3008793610core:RevaluationReserve2023-04-3008793610core:OtherReservesSubtotal2023-04-3008793610core:RetainedEarningsAccumulatedLosses2023-04-3008793610core:NetGoodwill2022-05-0108793610core:IntangibleAssetsOtherThanGoodwill2022-05-0108793610core:LandBuildings2022-05-0108793610core:PlantMachinery2022-05-0108793610core:Vehicles2022-05-0108793610core:FurnitureFittings2022-05-0108793610core:OfficeEquipment2022-05-0108793610core:AfterOneYear2022-05-0108793610core:WithinOneYear2022-05-0108793610core:ListedExchangeTraded2022-05-0108793610core:UnlistedNon-exchangeTraded2022-05-0108793610core:ShareCapital2022-05-0108793610core:SharePremium2022-05-0108793610core:RevaluationReserve2022-05-0108793610core:OtherReservesSubtotal2022-05-0108793610core:RetainedEarningsAccumulatedLosses2022-05-0108793610core:AfterOneYear2023-05-012024-04-3008793610core:WithinOneYear2023-05-012024-04-3008793610core:Non-currentFinancialInstrumentscore:CostValuation2023-05-012024-04-3008793610core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-05-012024-04-3008793610core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-05-012024-04-3008793610core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-05-012024-04-3008793610core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-05-012024-04-3008793610core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-05-012024-04-3008793610core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-05-012024-04-3008793610core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-05-012024-04-3008793610core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-05-012024-04-3008793610core:Non-currentFinancialInstrumentscore:CostValuation2024-04-3008793610core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-04-3008793610core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-04-3008793610core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-04-3008793610core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-04-3008793610core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-04-3008793610core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-04-3008793610core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-04-3008793610core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-04-3008793610core:Non-currentFinancialInstrumentscore:CostValuation2023-04-3008793610core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-3008793610core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-3008793610core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-3008793610core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-3008793610core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-3008793610core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-3008793610core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-3008793610core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-3008793610bus:Director12023-05-012024-04-3008793610bus:Director22023-05-012024-04-3008793610core:FurnitureFittingsToolsEquipment2023-04-3008793610core:FurnitureFittingsToolsEquipment2023-05-012024-04-3008793610core:FurnitureFittingsToolsEquipment2024-04-30

WARWICKSHIRE CARPETS & RUGS LTD

Registered Number
08793610
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

WARWICKSHIRE CARPETS & RUGS LTD
Company Information
for the year from 1 May 2023 to 30 April 2024

Directors

VALLER, Alfred Leigh, Mr.
VALLER, Alfred

Registered Address

Third Floor 10 South Parade
United Kingdom
Leeds
LS1 5QS

Registered Number

08793610 (England and Wales)
WARWICKSHIRE CARPETS & RUGS LTD
Statement of Financial Position
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets319,32021,038
19,32021,038
Current assets
Stocks82,26487,636
Debtors420,47623,971
Cash at bank and on hand178,146168,889
280,886280,496
Creditors amounts falling due within one year5(92,406)(106,358)
Net current assets (liabilities)188,480174,138
Total assets less current liabilities207,800195,176
Creditors amounts falling due after one year6(8,092)-
Provisions for liabilities7(2,800)(3,143)
Net assets196,908192,033
Capital and reserves
Called up share capital22
Profit and loss account196,906192,031
Shareholders' funds196,908192,033
The financial statements were approved and authorised for issue by the Board of Directors on 30 January 2025, and are signed on its behalf by:
VALLER, Alfred
Director
Registered Company No. 08793610
WARWICKSHIRE CARPETS & RUGS LTD
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.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on all tangible fixed assets as follows: Land and Buildings - not depreciated.

Reducing balance (%)
Plant and machinery20
Fixtures and fittings20
Vehicles20
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
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.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Total

£££££
Cost or valuation
At 01 May 234,50013,1757,3507,80832,833
Additions-1,833--1,833
At 30 April 244,50015,0087,3507,80834,666
Depreciation and impairment
At 01 May 23-4,7641,4705,56111,795
Charge for year-1,9261,1764493,551
At 30 April 24-6,6902,6466,01015,346
Net book value
At 30 April 244,5008,3184,7041,79819,320
At 30 April 234,5008,4115,8802,24721,038
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables16,46016,716
Other debtors-2,468
Prepayments and accrued income4,0164,787
Total20,47623,971
5.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts7,07522,167
Taxation and social security1,7442,776
Other creditors77,07377,073
Accrued liabilities and deferred income6,5144,342
Total92,406106,358
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts8,092-
Total8,092-
7.Provisions for liabilities
Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate of the settlement can be made. The provision for deferred tax is made up of £2,800 in respect of accelerated capital allowances.

2024

2023

££
Net deferred tax liability (asset)2,8003,143
Total2,8003,143
8.Related party transactions
During the year Mr A Valler, a director, had a loan account with the company. At the balance sheet date the company owed the director £72,073 (2023 - £72,073), This loan is unsecured, interest free and repayable upon demand. During the year Mrs A Valler had a loan account with the company. At the balance sheet date the company owed Mrs A Valler £5,000 (2023 - £5,000). This loan is unsecured, interest free and repayable upon demand.