2023-04-01 04003137 2024-03-31 04003137 2023-04-01 2024-03-31 04003137 2023-03-31 04003137 2022-04-01 2023-03-31 04003137 uk-core:WithinOneYear 2023-03-31 04003137 uk-core:WithinOneYear 2024-03-31 04003137 uk-core:AfterOneYear 2023-03-31 04003137 uk-core:AfterOneYear 2024-03-31 04003137 uk-core:ShareCapital 2024-03-31 04003137 uk-core:ShareCapital 2023-03-31 04003137 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 04003137 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 04003137 uk-bus:Director1 2023-04-01 2024-03-31 04003137 uk-core:NetGoodwill 2023-04-01 2024-03-31 04003137 uk-core:PlantMachinery 2023-04-01 2024-03-31 04003137 uk-core:ToolsEquipment 2023-04-01 2024-03-31 04003137 uk-core:OtherVehicles 2023-04-01 2024-03-31 04003137 uk-core:FurnitureFittings 2023-04-01 2024-03-31 04003137 uk-core:ToolsEquipment 2023-03-31 04003137 uk-core:FurnitureFittings 2023-03-31 04003137 uk-core:OtherVehicles 2023-03-31 04003137 uk-core:PlantMachinery 2023-03-31 04003137 uk-core:OtherVehicles 2024-03-31 04003137 uk-core:FurnitureFittings 2024-03-31 04003137 uk-core:ToolsEquipment 2024-03-31 04003137 uk-core:PlantMachinery 2024-03-31 04003137 uk-core:WithinOneYear 2024-03-31 04003137 uk-core:WithinOneYear 2023-03-31 04003137 uk-core:AfterOneYear uk-core:Secured 2024-03-31 04003137 uk-core:AfterOneYear uk-core:Secured 2023-03-31 iso4217:GBP xbrli:pure 04003137 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04003137 uk-bus:FRS102 2023-04-01 2024-03-31 04003137 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 04003137 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Horgan Carpets Limited
Registered Number:04003137
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Horgan Carpets Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04003137
As at 31 March 2024
Horgan Carpets Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
36,336
51,235
2
36,336
51,235
Current assets
Inventories
60,525
90,203
3
Trade and other receivables
27,397
8,962
4
37,006
Cash and cash equivalents
38,354
137,519
124,928
Trade and other payables: amounts falling due within one year
(147,490)
(164,017)
5
(22,562)
(26,498)
Net current liabilities
Total assets less current liabilities
9,838
28,673
Trade and other payables: amounts falling due after more than one year
(21,667)
(11,667)
6
(1,829)
Net assets/liabilities
7,006
Capital and reserves
Called up share capital
15,000
15,000
Retained earnings
(16,829)
(7,994)
(1,829)
7,006
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs Joanne Horgan Director
These financial statements were approved and authorised for issue by the Board on 05 November 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2024
Horgan Carpets Limited
Notes to the Financial Statements
Statutory Information
Horgan Carpets Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 04003137.
Principal place of business:
T/A United Carpets & Beds
Barnby Dun Road
Doncaster
DN2 4QJ
Registered address:
Horizon House
2 Whiting Stree
Sheffield
S8 9QR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of 10 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
10% Straight line
10% Straight line
Computer equipment
25% Straight line
Other vehicles
10% Straight line
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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5
For the year ended 31 March 2024
Horgan Carpets Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and fittings
Other vehicles
Plant and
machinery
£
£
£
£
£
Cost or valuation
At 01 April 2023
141,727
1,830
43,539
92,143
4,215
At 31 March 2024
92,143
43,539
1,830
141,727
4,215
Provision for depreciation and impairment
At 01 April 2023
90,492
1,830
36,301
48,146
4,215
Charge for year
14,899
-
978
13,921
-
At 31 March 2024
105,391
1,830
37,279
62,067
4,215
At 31 March 2024
Net book value
-
30,076
6,260
-
36,336
At 31 March 2023
-
43,997
7,238
-
51,235
3. Inventories
2023
2024
£
£
Stocks
90,203
60,525
4. Trade and other receivables
2023
2024
£
£
Other debtors
8,962
27,397
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
10,000
10,000
Trade creditors
76,872
97,501
Taxation and social security
20,927
22,363
Other creditors
56,218
17,626
164,017
147,490
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6
For the year ended 31 March 2024
Horgan Carpets Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
11,667
21,667
7. Average number of persons employed
During the year the average number of employees was 8 (2023 : 8)
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