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REGISTERED NUMBER: 05068029 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

N J B Carpets and Flooring Limited

N J B Carpets and Flooring Limited (Registered number: 05068029)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N J B Carpets and Flooring Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: NJ Bridger





REGISTERED OFFICE: 110 Whitchurch Road
Cardiff
CF14 3LY





REGISTERED NUMBER: 05068029 (England and Wales)





ACCOUNTANTS: DHB Accountants Limited
Chartered Accountants
Statutory Auditors
110 Whitchurch Road
Cardiff
CF14 3LY

N J B Carpets and Flooring Limited (Registered number: 05068029)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 11,997 15,996
11,997 15,996

CURRENT ASSETS
Stocks 500 500
Debtors 6 - 4,585
Cash at bank 22,356 -
22,856 5,085
CREDITORS
Amounts falling due within one year 7 23,133 4,498
NET CURRENT (LIABILITIES)/ASSETS (277 ) 587
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,720

16,583

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 11,718 16,581
SHAREHOLDERS' FUNDS 11,720 16,583

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

N J B Carpets and Flooring Limited (Registered number: 05068029)

Balance Sheet - continued
30 June 2024


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 director and authorised for issue on 20 September 2024 and were signed by:





NJ Bridger - Director


N J B Carpets and Flooring Limited (Registered number: 05068029)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

N J B Carpets and Flooring 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.

Turnover is recognized to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

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.


N J B Carpets and Flooring Limited (Registered number: 05068029)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 80,000
AMORTISATION
At 1 July 2023
and 30 June 2024 80,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

N J B Carpets and Flooring Limited (Registered number: 05068029)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 22,195
DEPRECIATION
At 1 July 2023 6,199
Charge for year 3,999
At 30 June 2024 10,198
NET BOOK VALUE
At 30 June 2024 11,997
At 30 June 2023 15,996

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 4,585

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 833
Trade creditors (1 ) -
Taxation and social security 10,382 3,648
Other creditors 12,752 17
23,133 4,498