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H&E Carpets Limited
Registered Number:07174001
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
H&E Carpets Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
07174001
As at 31 March 2024
H&E Carpets Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
900
12,250
2
Property, plant and equipment
5,721
18,924
3
6,621
31,174
Current assets
Inventories
96,393
85,232
4
Trade and other receivables
22,163
27,476
5
15,018
Cash and cash equivalents
285
112,993
133,574
Trade and other payables: amounts falling due within one year
(232,574)
(311,511)
6
(99,000)
(198,518)
Net current liabilities
Total assets less current liabilities
(191,897)
(67,826)
Trade and other payables: amounts falling due after more than one year
(21,667)
(11,667)
7
(203,564)
Net liabilities
(89,493)
Capital and reserves
Called up share capital
2
2
Retained earnings
(203,566)
(89,495)
(203,564)
(89,493)
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 directors acknowledge their 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.
Helen Mangham Director
These financial statements were approved and authorised for issue by the Board on 05 March 2025 and were signed by:
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4
Registered Number :
07174001
For the year ended 31 March 2024
H&E Carpets Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 March 2024
H&E Carpets Limited
Notes to the Financial Statements
Statutory Information
H&E Carpets Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 07174001.
Principal place of business:
Unit 12, Phoenix Retails Centre
A5 Watling Street
Bridgtown
Cannock
WS11 0BN
Registered address:
Horizon House
2 Whiting Street
Sheffield
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 2014, 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:
25% Straight line
Motor vehicles
33.33% 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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6
For the year ended 31 March 2024
H&E Carpets Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2023
66,000
Disposals
(30,000)
At 31 March 2024
36,000
Amortisation
At 01 April 2023
53,750
6,600
Charge for year
(25,250)
On disposals
At 31 March 2024
35,100
Net book value
At 31 March 2024
900
At 31 March 2023
12,250
3. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
£
£
£
Cost or valuation
At 01 April 2023
27,845
17,850
9,995
(8,955)
(9,995)
Disposals
(18,950)
At 31 March 2024
-
8,895
8,895
Provision for depreciation and impairment
At 01 April 2023
8,921
2,882
6,039
Charge for year
2,290
1,249
1,041
(8,037)
(957)
(7,080)
On disposal
At 31 March 2024
3,174
3,174
-
At 31 March 2024
Net book value
-
5,721
5,721
At 31 March 2023
3,956
14,968
18,924
4. Inventories
2023
2024
£
£
Stocks
85,232
96,393
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7
For the year ended 31 March 2024
H&E Carpets Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
13,129
7,250
Other debtors
14,347
14,913
22,163
27,476
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
15,444
10,000
Trade creditors
189,044
139,631
Taxation and social security
3,679
3,133
Other creditors
103,344
79,810
311,511
232,574
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
11,667
21,667
8. Average number of persons employed
During the year the average number of employees was 5 (2023 : 7)
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