IRIS Accounts Production v24.3.2.46 01066268 Board of Directors Board of Directors Board of Directors 16.8.23 15.8.24 15.8.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh010662682023-08-15010662682024-08-15010662682023-08-162024-08-15010662682022-08-15010662682022-08-162023-08-15010662682023-08-1501066268ns15:EnglandWales2023-08-162024-08-1501066268ns14:PoundSterling2023-08-162024-08-1501066268ns10:Director12023-08-162024-08-1501066268ns10:Director22023-08-162024-08-1501066268ns10:Director32023-08-162024-08-1501066268ns10:PrivateLimitedCompanyLtd2023-08-162024-08-1501066268ns10:SmallEntities2023-08-162024-08-1501066268ns10:AuditExempt-NoAccountantsReport2023-08-162024-08-1501066268ns10:SmallCompaniesRegimeForDirectorsReport2023-08-162024-08-1501066268ns10:SmallCompaniesRegimeForAccounts2023-08-162024-08-1501066268ns10:AbridgedAccounts2023-08-162024-08-1501066268ns10:OrdinaryShareClass12023-08-162024-08-1501066268ns10:RegisteredOffice2023-08-162024-08-1501066268ns5:CurrentFinancialInstruments2024-08-1501066268ns5:CurrentFinancialInstruments2023-08-1501066268ns5:ShareCapital2024-08-1501066268ns5:ShareCapital2023-08-1501066268ns5:RetainedEarningsAccumulatedLosses2024-08-1501066268ns5:RetainedEarningsAccumulatedLosses2023-08-1501066268ns5:FurnitureFittings2023-08-162024-08-1501066268ns5:MotorVehicles2023-08-162024-08-1501066268ns5:ComputerEquipment2023-08-162024-08-1501066268ns5:DeferredTaxation2023-08-1501066268ns5:DeferredTaxation2023-08-162024-08-1501066268ns5:DeferredTaxation2024-08-1501066268ns10:OrdinaryShareClass12024-08-15
REGISTERED NUMBER: 01066268 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 15 AUGUST 2024

FOR

FOREST HALL CARPETS LIMITED

FOREST HALL CARPETS LIMITED (REGISTERED NUMBER: 01066268)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 15 AUGUST 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


FOREST HALL CARPETS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 15 AUGUST 2024







DIRECTORS: H Luke
D J Luke
C Luke





REGISTERED OFFICE: c/o Forest Hall Carpets
4/6 Forest Hall Road
Forest Hall
Newcastle Upon Tyne
NE12 9AJ





REGISTERED NUMBER: 01066268 (England and Wales)





ACCOUNTANTS: T. O'Sullivan Limited
Chartered Certified Accountants
230 Park View
Whitley Bay
Tyne and Wear
NE26 3QR

FOREST HALL CARPETS LIMITED (REGISTERED NUMBER: 01066268)

ABRIDGED BALANCE SHEET
15 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,028 14,071

CURRENT ASSETS
Stocks 15,707 13,614
Debtors 9,187 5,847
Cash at bank and in hand 283,661 282,746
308,555 302,207
CREDITORS
Amounts falling due within one year 42,060 40,688
NET CURRENT ASSETS 266,495 261,519
TOTAL ASSETS LESS CURRENT
LIABILITIES

285,523

275,590

PROVISIONS FOR LIABILITIES 5 1,232 1,417
NET ASSETS 284,291 274,173

CAPITAL AND RESERVES
Called up share capital 6 300 300
Retained earnings 283,991 273,873
SHAREHOLDERS' FUNDS 284,291 274,173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 15 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 15 August 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.

FOREST HALL CARPETS LIMITED (REGISTERED NUMBER: 01066268)

ABRIDGED BALANCE SHEET - continued
15 AUGUST 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 15 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2025 and were signed on its behalf by:




H Luke - Director D J Luke - Director




C Luke - Director


FOREST HALL CARPETS LIMITED (REGISTERED NUMBER: 01066268)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 15 AUGUST 2024

1. STATUTORY INFORMATION

Forest Hall 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.

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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stock
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 Profit and Loss Account, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

FOREST HALL CARPETS LIMITED (REGISTERED NUMBER: 01066268)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 15 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 16 August 2023 60,828
Additions 15,299
Disposals (12,000 )
At 15 August 2024 64,127
DEPRECIATION
At 16 August 2023 46,757
Charge for year 5,280
Eliminated on disposal (6,938 )
At 15 August 2024 45,099
NET BOOK VALUE
At 15 August 2024 19,028
At 15 August 2023 14,071

5. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,232 1,417

Deferred
tax
£   
Balance at 16 August 2023 1,417
Provided during year (185 )
Adjustment for period
Balance at 15 August 2024 1,232

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
300 Ordinary £1 300 300