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REGISTERED NUMBER: 04518519 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 October 2024

for

CARPET CORNER (ST. HELENS) LIMITED

CARPET CORNER (ST. HELENS) LIMITED (REGISTERED NUMBER: 04518519)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CARPET CORNER (ST. HELENS) LIMITED

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2024







Directors: Mr B Smith
Mr D Smith





Registered office: 175/179 Parr Stocks Road
St. Helens
Merseyside
WA9 1PA





Registered number: 04518519 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

CARPET CORNER (ST. HELENS) LIMITED (REGISTERED NUMBER: 04518519)

Balance Sheet
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,323 9,764

CURRENT ASSETS
Stocks 43,230 42,560
Debtors 5 842 876
Cash at bank and in hand 392,309 346,472
436,381 389,908
CREDITORS
Amounts falling due within one year 6 65,886 66,210
NET CURRENT ASSETS 370,495 323,698
TOTAL ASSETS LESS CURRENT
LIABILITIES

377,818

333,462

PROVISIONS FOR LIABILITIES 7 1,831 2,050
NET ASSETS 375,987 331,412

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 374,987 330,412
SHAREHOLDERS' FUNDS 375,987 331,412

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:




Mr B Smith - Director


CARPET CORNER (ST. HELENS) LIMITED (REGISTERED NUMBER: 04518519)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Carpet Corner (St. Helens) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

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 Statement of Income and Retained Earnings, 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.

CARPET CORNER (ST. HELENS) LIMITED (REGISTERED NUMBER: 04518519)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 16,885 22,400 39,285
DEPRECIATION
At 1 November 2023 13,494 16,027 29,521
Charge for year 848 1,593 2,441
At 31 October 2024 14,342 17,620 31,962
NET BOOK VALUE
At 31 October 2024 2,543 4,780 7,323
At 31 October 2023 3,391 6,373 9,764

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 842 876

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 2,890 3,368
Taxation and social security 35,415 30,082
Other creditors 27,581 32,760
65,886 66,210

7. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 1,831 2,050

Deferred
tax
£   
Balance at 1 November 2023 2,050
Provided during year (219 )
Balance at 31 October 2024 1,831

CARPET CORNER (ST. HELENS) LIMITED (REGISTERED NUMBER: 04518519)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
500 Ordinary A £1 500 500
500 Ordinary B £1 500 500
1,000 1,000