Company Registration No. 9710391 (England and Wales)
MATT SADLER CARPETS LIMITED
Unaudited accounts
for the year ended 31 July 2024
MATT SADLER CARPETS LIMITED
Unaudited accounts
Contents
MATT SADLER CARPETS LIMITED
Company Information
for the year ended 31 July 2024
Director
Mr Matthew Sadler
Company Number
9710391 (England and Wales)
Registered Office
5 Lyndhurst Close
Gorleston
Great Yarmouth
NR31 8BA
Accountants
P Lacey & Associates Ltd
Office 17
2 Regent House
Lowestoft
NR32 1PA
MATT SADLER CARPETS LIMITED
Statement of financial position
as at 31 July 2024
Tangible assets
53,650
2,031
Cash at bank and in hand
70,759
125,134
Creditors: amounts falling due within one year
(15,142)
(44,250)
Net current assets
65,615
83,876
Total assets less current liabilities
119,265
85,907
Creditors: amounts falling due after more than one year
(22,568)
(32,275)
Called up share capital
2
2
Profit and loss account
96,695
53,630
Shareholders' funds
96,697
53,632
For the year ending 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 September 2024 and were signed on its behalf by
Mr Matthew Sadler
Director
Company Registration No. 9710391
MATT SADLER CARPETS LIMITED
Notes to the Accounts
for the year ended 31 July 2024
MATT SADLER CARPETS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 9710391. The registered office is 5 Lyndhurst Close, Gorleston , Great Yarmouth, NR31 8BA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
20% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 August 2023
1,710
3,444
5,154
At 31 July 2024
1,710
68,444
70,154
At 1 August 2023
1,207
1,916
3,123
Charge for the year
75
13,306
13,381
At 31 July 2024
1,282
15,222
16,504
At 31 July 2024
428
53,222
53,650
At 31 July 2023
503
1,528
2,031
MATT SADLER CARPETS LIMITED
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
9,877
18,576
Taxes and social security
5,265
17,506
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).