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REGISTERED NUMBER: 11104198 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Commercial Carpet Tiles UK Ltd

Commercial Carpet Tiles UK Ltd (Registered number: 11104198)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Commercial Carpet Tiles UK Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: A S Nobes
Mrs W J Nobes





REGISTERED OFFICE: 3 High Meadow
Abbeydale
Gloucester
GL4 4DG





REGISTERED NUMBER: 11104198 (England and Wales)





ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS

Commercial Carpet Tiles UK Ltd (Registered number: 11104198)

Statement of Financial Position
31 December 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,255 5,197

CURRENT ASSETS
Stocks 1,480,080 304,694
Debtors 5 215,115 117,790
Cash at bank 326,072 40,389
2,021,267 462,873
CREDITORS
Amounts falling due within one year 6 1,402,080 141,351
NET CURRENT ASSETS 619,187 321,522
TOTAL ASSETS LESS CURRENT
LIABILITIES

629,442

326,719

CREDITORS
Amounts falling due after more than one
year

7

(8,800

)

(18,400

)

PROVISIONS FOR LIABILITIES (1,921 ) (544 )
NET ASSETS 618,721 307,775

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 618,719 307,773
SHAREHOLDERS' FUNDS 618,721 307,775

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Commercial Carpet Tiles UK Ltd (Registered number: 11104198)

Statement of Financial Position - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:





A S Nobes - Director


Commercial Carpet Tiles UK Ltd (Registered number: 11104198)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Commercial Carpet Tiles UK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 20% on reducing balance
Computer equipment - 30% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Commercial Carpet Tiles UK Ltd (Registered number: 11104198)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Computer
leasehold machinery equipment Totals
£    £    £    £   
Cost
At 1 January 2024 3,599 1,229 5,884 10,712
Additions - - 8,776 8,776
At 31 December 2024 3,599 1,229 14,660 19,488
Depreciation
At 1 January 2024 1,080 442 3,993 5,515
Charge for year 360 158 3,200 3,718
At 31 December 2024 1,440 600 7,193 9,233
Net book value
At 31 December 2024 2,159 629 7,467 10,255
At 31 December 2023 2,519 787 1,891 5,197

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 211,874 117,530
Other debtors 3,241 260
215,115 117,790

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans and overdrafts 9,600 9,600
Trade creditors 1,057,988 51,008
Taxation and social security 317,224 71,286
Other creditors 17,268 9,457
1,402,080 141,351

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/24 31/12/23
£    £   
Bank loans 8,800 18,400

8. LEASING AGREEMENTS
During the year the company had a distribution service agreement in place for stock picking and storage. The contract ran until 9 November 2024 and charges incurred are dependent on services rendered.

Commercial Carpet Tiles UK Ltd (Registered number: 11104198)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


9. RELATED PARTY DISCLOSURES

Barnwood Agencies Limited
A company controlled by A S Nobes and Mrs W J Nobes

During the year, Barnwood Agencies Limited invoiced the company a total of £221,500 (2023 - £95,400) in consultancy fees.