Company registration number 06913465 (England and Wales)
ST ANDREWS CARPET COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
ST ANDREWS CARPET COMPANY LIMITED
COMPANY INFORMATION
Directors
Mr P J Aldridge
Miss N Aldridge
Company number
06913465
Registered office
1a High Street
Droitwich
Worcestershire
WR9 8EJ
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
NatWest Bank Plc
1 The Cross
Worcester
Worcestershire
WR1 3PR
ST ANDREWS CARPET COMPANY LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
ST ANDREWS CARPET COMPANY LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ST ANDREWS CARPET COMPANY LIMITED FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of St Andrews Carpet Company Limited for the year ended 30 September 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of St Andrews Carpet Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of St Andrews Carpet Company Limited and state those matters that we have agreed to state to the board of directors of St Andrews Carpet Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than St Andrews Carpet Company Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that St Andrews Carpet Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of St Andrews Carpet Company Limited. You consider that St Andrews Carpet Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of St Andrews Carpet Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited
6 February 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
ST ANDREWS CARPET COMPANY LIMITED
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
30 September 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
8,400
16,800
Tangible assets
4
10,050
12,947
18,450
29,747
Current assets
Stocks
29,134
33,911
Debtors
5
68,231
32,847
Cash at bank and in hand
50,292
78,766
147,657
145,524
Creditors: amounts falling due within one year
6
(157,615)
(124,925)
Net current (liabilities)/assets
(9,958)
20,599
Total assets less current liabilities
8,492
50,346
Provisions for liabilities
7
(1,813)
(2,383)
Net assets
6,679
47,963
Capital and reserves
Called up share capital
8
100
100
Capital redemption reserve
4
4
Profit and loss reserves
6,575
47,859
Total equity
6,679
47,963

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

ST ANDREWS CARPET COMPANY LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024
30 September 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 6 February 2025 and are signed on its behalf by:
Mr P J Aldridge
Director
Company registration number 06913465 (England and Wales)
ST ANDREWS CARPET COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
1
Accounting policies
Company information

St Andrews Carpet Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1a High Street, Droitwich, Worcestershire, United Kingdom, WR9 8EJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15% on reducing balance
Computer equipment
33% on cost
Motor vehicles
25% on reducing balance
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

ST ANDREWS CARPET COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 5 -

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
9
9
ST ANDREWS CARPET COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 6 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 October 2023 and 30 September 2024
120,000
Amortisation and impairment
At 1 October 2023
103,200
Amortisation charged for the year
8,400
At 30 September 2024
111,600
Carrying amount
At 30 September 2024
8,400
At 30 September 2023
16,800
4
Tangible fixed assets
Fixtures and fittings
Computer equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 October 2023
3,200
1,440
51,312
55,952
Additions
-
0
459
-
0
459
At 30 September 2024
3,200
1,899
51,312
56,411
Depreciation and impairment
At 1 October 2023
2,864
1,440
38,701
43,005
Depreciation charged in the year
50
153
3,153
3,356
At 30 September 2024
2,914
1,593
41,854
46,361
Carrying amount
At 30 September 2024
286
306
9,458
10,050
At 30 September 2023
336
-
0
12,611
12,947
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
23,528
21,504
Amounts owed by group undertakings
42,528
9,609
Other debtors
2,175
1,734
68,231
32,847
ST ANDREWS CARPET COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 7 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
43,519
41,602
Taxation and social security
27,427
32,498
Other creditors
86,669
50,825
157,615
124,925
7
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
1,813
2,383
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
26
1
26
26
Ordinary Preferred of £1 each
24
1
24
24
Ordinary Deferred of £1 each
25
1
25
25
Ordinary of £1 each
25
1
25
25
100
4
100
100
9
Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10
Control

Ultimate parent company

The ultimate parent company is St Andrews Carpet Company Holdings Limited, a company registered in England and Wales.

Ultimate controlling party

The ultimate controlling party is Mr P J Aldridge, by virtue of his controlling interest in the ultimate parent company.

2024-09-302023-10-01falsefalsefalse06 February 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityMr P J AldridgeMiss N Aldridge069134652023-10-012024-09-3006913465bus:Director12023-10-012024-09-3006913465bus:Director22023-10-012024-09-3006913465bus:RegisteredOffice2023-10-012024-09-3006913465bus:Agent12023-10-012024-09-30069134652024-09-30069134652023-09-3006913465core:NetGoodwill2024-09-3006913465core:NetGoodwill2023-09-3006913465core:FurnitureFittings2024-09-3006913465core:ComputerEquipment2024-09-3006913465core:MotorVehicles2024-09-3006913465core:FurnitureFittings2023-09-3006913465core:ComputerEquipment2023-09-3006913465core:MotorVehicles2023-09-3006913465core:CurrentFinancialInstrumentscore:WithinOneYear2024-09-3006913465core:CurrentFinancialInstrumentscore:WithinOneYear2023-09-3006913465core:CurrentFinancialInstruments2024-09-3006913465core:CurrentFinancialInstruments2023-09-3006913465core:ShareCapital2024-09-3006913465core:ShareCapital2023-09-3006913465core:CapitalRedemptionReserve2024-09-3006913465core:CapitalRedemptionReserve2023-09-3006913465core:RetainedEarningsAccumulatedLosses2024-09-3006913465core:RetainedEarningsAccumulatedLosses2023-09-3006913465core:ShareCapitalOrdinaryShares2024-09-3006913465core:ShareCapitalOrdinaryShares2023-09-3006913465core:Goodwill2023-10-012024-09-3006913465core:FurnitureFittings2023-10-012024-09-3006913465core:ComputerEquipment2023-10-012024-09-3006913465core:MotorVehicles2023-10-012024-09-30069134652022-10-012023-09-3006913465core:NetGoodwill2023-09-3006913465core:NetGoodwill2023-10-012024-09-3006913465core:FurnitureFittings2023-09-3006913465core:ComputerEquipment2023-09-3006913465core:MotorVehicles2023-09-30069134652023-09-3006913465core:WithinOneYear2024-09-3006913465core:WithinOneYear2023-09-3006913465bus:PrivateLimitedCompanyLtd2023-10-012024-09-3006913465bus:FRS1022023-10-012024-09-3006913465bus:AuditExemptWithAccountantsReport2023-10-012024-09-3006913465bus:SmallCompaniesRegimeForAccounts2023-10-012024-09-3006913465bus:FullAccounts2023-10-012024-09-30xbrli:purexbrli:sharesiso4217:GBP