Cornwall Carpets And Flooring Ltd Filleted Accounts Cover
Cornwall Carpets And Flooring Ltd
Company No. 09116543
Information for Filing with The Registrar
31 July 2024
Cornwall Carpets And Flooring Ltd Directors Report Registrar
The Director presents his report and the accounts for the year ended 31 July 2024.
Principal activities
The principal activity of the company during the year under review was carpet & flooring sales.
Director
The Director who served at any time during the year was as follows:
A.J. Hardy
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
A.J. Hardy
Director
31 July 2024
Cornwall Carpets And Flooring Ltd Balance Sheet Registrar
at
31 July 2024
Company No.
09116543
Notes
2024
2023
£
£
Fixed assets
Tangible assets
3
196,506577,394
196,506577,394
Current assets
Stocks
4
25,00025,000
Debtors
5
805,406795,152
Cash at bank and in hand
219,960125,699
1,050,366945,851
Creditors: Amount falling due within one year
6
(575,576)
(488,285)
Net current assets
474,790457,566
Total assets less current liabilities
671,2961,034,960
Creditors: Amounts falling due after more than one year
7
-
(185,404)
Net assets
671,296849,556
Capital and reserves
Called up share capital
22
Profit and loss account
9
671,294849,554
Total equity
671,296849,556
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 July 2024 and signed on its behalf by:
A.J. Hardy
Director
31 July 2024
Cornwall Carpets And Flooring Ltd Notes to the Accounts Registrar
for the year ended 31 July 2024
1
Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Freehold buildings
2%% reducing balance
Motor vehicles
25%% reducing balance
Furniture, fittings and equipment
20%% reducing balance
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
Pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
2
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
1917
3
Tangible fixed assets
Land and buildings
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
£
Cost or revaluation
At 1 August 2023
438,559241,47074,127754,156
Additions
9,39939,49037,67786,566
Disposals
(447,958)
(6,000)
-
(453,958)
At 31 July 2024
-274,960111,804386,764
Depreciation
At 1 August 2023
28,716121,99726,049176,762
Charge for the year
26,92532,65912,73072,314
Disposals
(55,641)
(3,177)
-
(58,818)
At 31 July 2024
-151,47938,779190,258
Net book values
At 31 July 2024
-123,48173,025196,506
At 31 July 2023
409,843
119,473
48,078
577,394
4
Stocks
2024
2023
£
£
Finished goods
25,00025,000
25,00025,000
5
Debtors
2024
2023
£
£
Trade debtors
760,728757,892
VAT recoverable
15,67914,049
Other debtors
15,08013,629
Prepayments and accrued income
13,9199,582
805,406795,152
6
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
70,12969,505
Obligations under finance lease and hire purchase contracts
50,39920,055
Trade creditors
180,700204,228
Taxes and social security
252,608
156,461
Loans from directors
16681
Other creditors
20,6289,554
Accruals and deferred income
94628,401
575,576488,285
7
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
-135,005
Obligations under finance lease and hire purchase contracts
-50,399
-185,404
8
Share Capital
Ordinary Share Capital
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
10
Dividends
2024
2023
£
£
Dividends for the period:
Dividends paid in the period
458,390
72,885
458,390
72,885
Dividends by type:
Equity dividends
458,39072,885
458,390
72,885
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