SJ Carpets Limited 05350490 false 2023-02-26 2024-02-25 2024-02-25 The principal activity of the company is that of sale of floor coverings Digita Accounts Production Advanced 6.30.9574.0 true true 05350490 2023-02-26 2024-02-25 05350490 2024-02-25 05350490 core:CurrentFinancialInstruments 2024-02-25 05350490 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-25 05350490 core:Non-currentFinancialInstruments 2024-02-25 05350490 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-25 05350490 bus:SmallEntities 2023-02-26 2024-02-25 05350490 bus:AuditExemptWithAccountantsReport 2023-02-26 2024-02-25 05350490 bus:FilletedAccounts 2023-02-26 2024-02-25 05350490 bus:SmallCompaniesRegimeForAccounts 2023-02-26 2024-02-25 05350490 bus:RegisteredOffice 2023-02-26 2024-02-25 05350490 bus:CompanySecretary1 2023-02-26 2024-02-25 05350490 bus:Director2 2023-02-26 2024-02-25 05350490 bus:PrivateLimitedCompanyLtd 2023-02-26 2024-02-25 05350490 countries:England 2023-02-26 2024-02-25 05350490 2018-03-01 2023-02-25 05350490 2023-02-25 05350490 core:CurrentFinancialInstruments 2023-02-25 05350490 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-25 05350490 core:Non-currentFinancialInstruments 2023-02-25 05350490 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-25 iso4217:GBP xbrli:pure

Registration number: 05350490

SJ Carpets Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 25 February 2024

 

SJ Carpets Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

SJ Carpets Limited

Company Information

Director

Mr S J Leyland

Company secretary

Mrs S M Leyland

Registered office

37 Liverpool Road
Birkdale
Southport
Merseyside
PR8 4AG

Accountants

GMR Accountants Ltd
1st Floor
8/12 London Street
Southport
Merseyside
PR9 0UE

 

SJ Carpets Limited

(Registration number: 05350490)
Balance Sheet as at 25 February 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

11,000

10,000

Debtors

5

9,001

1,523

Cash at bank and in hand

 

18,334

2,100

 

38,335

13,623

Creditors: Amounts falling due within one year

6

(24,274)

(5,625)

Total assets less current liabilities

 

14,061

7,998

Creditors: Amounts falling due after more than one year

6

(1,695)

(1,695)

Net assets

 

12,366

6,303

Capital and reserves

 

Called up share capital

100

100

Retained earnings

12,266

6,203

Shareholders' funds

 

12,366

6,303

For the financial year ending 25 February 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 November 2024
 

.........................................
Mr S J Leyland
Director

 

SJ Carpets Limited

Notes to the Unaudited Financial Statements for the Year Ended 25 February 2024

1

General information

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

The address of its registered office is:
37 Liverpool Road
Birkdale
Southport
Merseyside
PR8 4AG

These financial statements were authorised for issue by the director on 28 November 2024.

2

Accounting policies

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 have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

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 sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

SJ Carpets Limited

Notes to the Unaudited Financial Statements for the Year Ended 25 February 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

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

4

Stocks

2024
£

2023
£

Other inventories

11,000

10,000

5

Debtors

Current

2024
£

2023
£

Other debtors

9,001

1,523

 

9,001

1,523

 

SJ Carpets Limited

Notes to the Unaudited Financial Statements for the Year Ended 25 February 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

13,266

2,000

Trade creditors

 

8,000

-

Taxation and social security

 

3,008

3,625

 

24,274

5,625

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

1,695

1,695

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

1,695

1,695

Current loans and borrowings

2024
£

2023
£

Bank borrowings

8,608

-

Bank overdrafts

4,117

2,000

Other borrowings

541

-

13,266

2,000