1 June 2023 false No description of principal activity Taxfiler 2024.6 10795510business:PrivateLimitedCompanyLtd2023-06-012024-05-31 107955102023-05-31 107955102023-06-012024-05-31 10795510business:AuditExemptWithAccountantsReport2023-06-012024-05-31 10795510business:FilletedAccounts2023-06-012024-05-31 107955102024-05-31 10795510business:Director12023-06-012024-05-31 10795510business:Director22023-06-012024-05-31 10795510business:RegisteredOffice2023-06-012024-05-31 107955102023-05-31 10795510core:WithinOneYear2024-05-31 10795510core:WithinOneYear2023-05-31 10795510core:AfterOneYear2024-05-31 10795510core:AfterOneYear2023-05-31 10795510core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 10795510core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 10795510core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 10795510core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 10795510core:PreviouslyStatedAmount2024-05-31 10795510core:PreviouslyStatedAmount2023-05-31 10795510business:SmallEntities2023-06-012024-05-31 10795510countries:EnglandWales2023-06-012024-05-31 10795510core:MotorVehicles2023-06-012024-05-31 10795510core:ComputerEquipment2023-06-012024-05-31 10795510core:PlantMachinery2023-05-31 10795510core:ComputerEquipment2023-05-31 10795510core:PlantMachinery2023-06-012024-05-31 10795510core:PlantMachinery2024-05-31 10795510core:ComputerEquipment2024-05-31 10795510core:AdditionsToInvestments2024-05-31 10795510business:Director112023-06-012024-05-31 10795510business:Director112023-05-31 10795510business:Director112024-05-31 10795510business:Director222023-06-012024-05-31 10795510business:Director222023-05-31 10795510business:Director222024-05-31 107955102022-06-012023-05-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
BOURNE CARPETS & FLOORING LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
102,606 
142,010 
Investments
375 
- 
102,981 
142,010 
Current assets
Debtors
625,885 
653,295 
Cash at bank and in hand
278,618 
215,554 
904,503 
868,849 
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
Deferred tax
(25,652)
- 
Net assets
1,005,561 
885,225 
Capital and reserves
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
- 4 -
BOURNE CARPETS & FLOORING LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Fixed Asset Investments
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.
- 5 -
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 
Depreciation
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 
Net book value
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
- 
Additions
375 
Valuation at 31 May 2024
375 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
997 
5,742 
Trade debtors
89,919 
40,584 
Other debtors
534,969 
606,969 
625,885 
653,295 
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 
Other creditors
375 
- 
Loans from directors
(161,750)
399 
Accruals
1,250 
- 
(37,086)
105,634 
- 6 -
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 
£ 
£ 
Bank loans
10,757 
20,000 
Obligations under finance leases and hire purchase contracts
2,600 
- 
13,357 
20,000 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Louis McGuffog
Directors Loan
- 
80,875 
- 
80,875 
Laura McGuffog
Directors Loan
- 
80,875 
- 
80,875 
- 
161,750 
- 
161,750 
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).
- 7 -