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REGISTERED NUMBER: 04666813 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Surefit Carpets Limited

Surefit Carpets Limited (Registered number: 04666813)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Surefit Carpets Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs M Drabble
P D Duggan





SECRETARY: Mrs M Drabble





REGISTERED OFFICE: 91 Sandringham Road
Intake
Doncaster
South Yorkshire
DN2 5JA





REGISTERED NUMBER: 04666813 (England and Wales)





ACCOUNTANTS: Tordoff & Co Accountants Ltd
11 Thornesgate Mews
Wakefield
West Yorkshire
WF2 8FJ

Surefit Carpets Limited (Registered number: 04666813)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,171 97,583

CURRENT ASSETS
Stocks 23,241 21,256
Debtors 5 139,162 100,571
Cash at bank and in hand 10,843 67,898
173,246 189,725
CREDITORS
Amounts falling due within one year 6 146,829 139,217
NET CURRENT ASSETS 26,417 50,508
TOTAL ASSETS LESS CURRENT LIABILITIES 100,588 148,091

CREDITORS
Amounts falling due after more than one year 7 (26,525 ) (27,161 )

PROVISIONS FOR LIABILITIES (10,458 ) (10,458 )
NET ASSETS 63,605 110,472

CAPITAL AND RESERVES
Called up share capital 8 125 125
Retained earnings 63,480 110,347
SHAREHOLDERS' FUNDS 63,605 110,472

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 27 February 2025 and were signed on its behalf by:





P D Duggan - Director


Surefit Carpets Limited (Registered number: 04666813)

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

1. STATUTORY INFORMATION

Surefit Carpets Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 15% 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Surefit Carpets Limited (Registered number: 04666813)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 8 ).

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 31,647 20,806 243,117 2,527 298,097
Additions - - 18,000 454 18,454
Disposals - - (42,798 ) - (42,798 )
At 31 May 2024 31,647 20,806 218,319 2,981 273,753
DEPRECIATION
At 1 June 2023 17,549 10,739 169,749 2,477 200,514
Charge for year 2,115 1,510 17,769 167 21,561
Eliminated on disposal - - (22,493 ) - (22,493 )
At 31 May 2024 19,664 12,249 165,025 2,644 199,582
NET BOOK VALUE
At 31 May 2024 11,983 8,557 53,294 337 74,171
At 31 May 2023 14,098 10,067 73,368 50 97,583

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023 57,296
Disposals (26,798 )
At 31 May 2024 30,498
DEPRECIATION
At 1 June 2023 28,835
Charge for year 4,290
Eliminated on disposal (15,493 )
At 31 May 2024 17,632
NET BOOK VALUE
At 31 May 2024 12,866
At 31 May 2023 28,461

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 75,663 54,413
Amounts owed by group undertakings 59,847 12,788
Other debtors 3,652 33,370
139,162 100,571

Surefit Carpets Limited (Registered number: 04666813)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 35,602 11,872
Hire purchase contracts 6,218 7,377
Trade creditors 66,773 76,138
Taxation and social security 19,316 12,698
Other creditors 18,920 31,132
146,829 139,217

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 26,525 27,161

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary A £1 100 100
25 Ordinary B £1 25 25
125 125

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
Mrs M Drabble
Balance outstanding at start of year 2,823 (2,479 )
Amounts advanced 8,428 5,302
Amounts repaid (11,251 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,823

P D Duggan
Balance outstanding at start of year (1,564 ) (2,680 )
Amounts advanced 9,577 7,943
Amounts repaid (8,013 ) (6,827 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (1,564 )