Carpets Direct (Staffs) Limited 07132714 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Carpet Shop Digita Accounts Production Advanced 6.30.9574.0 true true 07132714 2023-04-01 2024-03-31 07132714 2024-03-31 07132714 core:RetainedEarningsAccumulatedLosses 2024-03-31 07132714 core:ShareCapital 2024-03-31 07132714 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07132714 core:FurnitureFittingsToolsEquipment 2024-03-31 07132714 bus:SmallEntities 2023-04-01 2024-03-31 07132714 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07132714 bus:FullAccounts 2023-04-01 2024-03-31 07132714 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07132714 bus:RegisteredOffice 2023-04-01 2024-03-31 07132714 bus:Director1 2023-04-01 2024-03-31 07132714 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07132714 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 07132714 core:OfficeEquipment 2023-04-01 2024-03-31 07132714 countries:EnglandWales 2023-04-01 2024-03-31 07132714 2023-03-31 07132714 core:FurnitureFittingsToolsEquipment 2023-03-31 07132714 2022-04-01 2023-03-31 07132714 2023-03-31 07132714 core:RetainedEarningsAccumulatedLosses 2023-03-31 07132714 core:ShareCapital 2023-03-31 07132714 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 07132714 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 07132714

Carpets Direct (Staffs) Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Carpets Direct (Staffs) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Carpets Direct (Staffs) Limited

Company Information

Director

Mr A G Bennion

Registered office

7-9 Macon Court
Crewe
Cheshire
CW1 6EA

Accountants

Alextra Group Limited
Chartered Certified Accountants
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

 

Carpets Direct (Staffs) Limited

(Registration number: 07132714)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

713

839

Creditors: Amounts falling due within one year

5

(5,705)

(5,114)

Total assets less current liabilities

 

(4,992)

(4,275)

Provisions for liabilities

(135)

(160)

Net liabilities

 

(5,127)

(4,435)

Capital and reserves

 

Called up share capital

10

10

Retained earnings

(5,137)

(4,445)

Shareholders' deficit

 

(5,127)

(4,435)

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account or Directors Report has been taken.

Approved and authorised by the director on 29 January 2025
 

.........................................
Mr A G Bennion
Director

 

Carpets Direct (Staffs) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Going concern

The company meets its day to day working capital requirements through payment facilities provided by the director and use of payment deferrals made available by creditors.

The director considers that these arrangements will continue to be made available within which the company will be able to operate.

On this basis the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis was not appropriate.

 

Carpets Direct (Staffs) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax.

Tax

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

15% on written down value

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Carpets Direct (Staffs) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

2,615

2,615

At 31 March 2024

2,615

2,615

Depreciation

At 1 April 2023

1,776

1,776

Charge for the year

126

126

At 31 March 2024

1,902

1,902

Carrying amount

At 31 March 2024

713

713

At 31 March 2023

839

839

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

4,583

4,046

Accruals and deferred income

1,122

1,068

5,705

5,114