Company Registration No. 10795510 (England and Wales)
BOURNE CARPETS & FLOORING LIMITED
Unaudited accounts
for the year ended 31 May 2024
BOURNE CARPETS & FLOORING LIMITED
Unaudited accounts
Contents
BOURNE CARPETS & FLOORING LIMITED
Company Information
for the year ended 31 May 2024
Directors
Louis McGuffog
Laura McGuffog
Company Number
10795510 (England and Wales)
Registered Office
Morning Meadows
Black Drove
St. Johns Fen End
Wisbech
Cambridgeshire
PE14 8JU
England
Accountants
Jenny Hill Accountancy Services Limited
4a St Pauls Road North
Wisbech
PE14 7DN
BOURNE CARPETS & FLOORING LIMITED
Statement of financial position
as at 31 May 2024
Tangible assets
102,606
142,010
Cash at bank and in hand
278,618
215,554
Creditors: amounts falling due within one year
37,086
(105,634)
Net current assets
941,589
763,215
Total assets less current liabilities
1,044,570
905,225
Creditors: amounts falling due after more than one year
(13,357)
(20,000)
Provisions for liabilities
Net assets
1,005,561
885,225
Called up share capital
102
102
Profit and loss account
1,005,459
885,123
Shareholders' funds
1,005,561
885,225
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by
Louis McGuffog
Director
Company Registration No. 10795510
BOURNE CARPETS & FLOORING LIMITED
Notes to the Accounts
for the year ended 31 May 2024
BOURNE CARPETS & FLOORING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10795510. The registered office is Morning Meadows, Black Drove, St. Johns Fen End, Wisbech, Cambridgeshire, PE14 8JU, England.
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.
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:
Motor vehicles
25% Reducing Balance
Computer equipment
25% Reducing Balance
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as tto obtain benefits from its activities.
An associate is an entity, being neither a subsidiary or a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that is has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
BOURNE CARPETS & FLOORING LIMITED
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
269,663
-
269,663
Additions
72,669
2,153
74,822
Disposals
(149,383)
-
(149,383)
At 31 May 2024
192,949
2,153
195,102
At 1 June 2023
127,653
-
127,653
Charge for the year
33,664
538
34,202
On disposals
(69,359)
-
(69,359)
At 31 May 2024
91,958
538
92,496
At 31 May 2024
100,991
1,615
102,606
At 31 May 2023
142,010
-
142,010
5
Investments
Other investments
Valuation at 1 June 2023
-
Valuation at 31 May 2024
375
Amounts falling due within one year
Trade debtors
89,919
40,584
Other debtors
534,969
606,969
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
7,950
-
Trade creditors
31,879
41,953
Taxes and social security
73,210
53,282
Loans from directors
(161,750)
399
BOURNE CARPETS & FLOORING LIMITED
Notes to the Accounts
for the year ended 31 May 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
2,600
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
-
80,875
-
80,875
Directors Loan
-
80,875
-
80,875
During the year a loan was made by the company to the directors. This loan was fully repaid within 9 months of the accounting year end.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).