Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-312023-08-01falseNo description of principal activity2123falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05156918 2023-08-01 2024-07-31 05156918 1 2023-08-01 2024-07-31 05156918 2022-08-01 2023-07-31 05156918 2024-07-31 05156918 2023-07-31 05156918 d:Director1 2023-08-01 2024-07-31 05156918 c:Buildings c:ShortLeaseholdAssets 2023-08-01 2024-07-31 05156918 c:Buildings c:ShortLeaseholdAssets 2024-07-31 05156918 c:Buildings c:ShortLeaseholdAssets 2023-07-31 05156918 c:PlantMachinery 2023-08-01 2024-07-31 05156918 c:PlantMachinery 2024-07-31 05156918 c:PlantMachinery 2023-07-31 05156918 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05156918 c:MotorVehicles 2023-08-01 2024-07-31 05156918 c:MotorVehicles 2024-07-31 05156918 c:MotorVehicles 2023-07-31 05156918 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05156918 c:FurnitureFittings 2023-08-01 2024-07-31 05156918 c:FurnitureFittings 2024-07-31 05156918 c:FurnitureFittings 2023-07-31 05156918 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05156918 c:OfficeEquipment 2023-08-01 2024-07-31 05156918 c:OfficeEquipment 2024-07-31 05156918 c:OfficeEquipment 2023-07-31 05156918 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05156918 c:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05156918 c:CurrentFinancialInstruments 2024-07-31 05156918 c:CurrentFinancialInstruments 2023-07-31 05156918 c:Non-currentFinancialInstruments 2024-07-31 05156918 c:Non-currentFinancialInstruments 2023-07-31 05156918 c:CurrentFinancialInstruments c:WithinOneYear 2024-07-31 05156918 c:CurrentFinancialInstruments c:WithinOneYear 2023-07-31 05156918 c:Non-currentFinancialInstruments c:AfterOneYear 2024-07-31 05156918 c:Non-currentFinancialInstruments c:AfterOneYear 2023-07-31 05156918 c:ShareCapital 2024-07-31 05156918 c:ShareCapital 2023-07-31 05156918 c:RetainedEarningsAccumulatedLosses 2024-07-31 05156918 c:RetainedEarningsAccumulatedLosses 2023-07-31 05156918 d:FRS102 2023-08-01 2024-07-31 05156918 d:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 05156918 d:FullAccounts 2023-08-01 2024-07-31 05156918 d:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 05156918 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure
Registered number: 05156918














ACTION CARPETS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JULY 2024

 
ACTION CARPETS LIMITED
REGISTERED NUMBER: 05156918

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note

Fixed assets
  

Tangible assets
 4 
31,525
32,300

Current assets
  

Stocks
  
223,161
228,428

Debtors: amounts falling due within one year
 5 
23,169
27,053

Cash at bank and in hand
 6 
159,105
214,942

  
405,435
470,423

Creditors: amounts falling due within one year
 7 
(351,028)
(416,826)

Net current assets
  
 
 
54,407
 
 
53,597

Total assets less current liabilities
  
85,932
85,897

Creditors: amounts falling due after more than one year
 8 
(2,603)
-

Net assets
  
£83,329
£85,897


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
83,229
85,797

  
£83,329
£85,897

Page 1

 
ACTION CARPETS LIMITED
REGISTERED NUMBER: 05156918

BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 March 2025.




___________________________
W Dixon
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
ACTION CARPETS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Action Carpets Limited is a private company limited by shares and is incorporated in England and Wales. The company registration number is 05156918 and the registered office of the company is Henwood House, Henwood, Ashford, Kent, TN24 8DH. The principal place of trade is Park Farm, Folkestone, Kent, CT19 5DU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
ACTION CARPETS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Short-term leasehold property
-
20% straight line basis
Plant and machinery
-
20% straight line basis
Motor vehicles
-
25% straight line basis
Fixtures and fittings
-
25% straight line basis
Office equipment
-
25% straight line basis

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
ACTION CARPETS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 21 (2023 - 23).

Page 5

 
ACTION CARPETS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total



Cost or valuation


At 1 August 2023
17,527
1,687
70,833
33,224
7,476
130,747


Additions
-
12,495
-
1,608
749
14,852



At 31 July 2024

17,527
14,182
70,833
34,832
8,225
145,599



Depreciation


At 1 August 2023
6,634
1,132
51,904
32,492
6,285
98,447


Charge for the year on owned assets
4,005
1,408
8,727
833
654
15,627



At 31 July 2024

10,639
2,540
60,631
33,325
6,939
114,074



Net book value



At 31 July 2024
£6,888
£11,642
£10,202
£1,507
£1,286
£31,525



At 31 July 2023
£10,893
£555
£18,929
£732
£1,191
£32,300


5.


Debtors

2024
2023


Trade debtors
8,070
6,570

Other debtors
3,000
5,294

Prepayments and accrued income
12,099
15,189

£23,169
£27,053



6.


Cash and cash equivalents

2024
2023

Cash at bank and in hand
159,105
214,942

£159,105
£214,942


Page 6

 
ACTION CARPETS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

7.


Creditors: Amounts falling due within one year

2024
2023

Trade creditors
120,790
71,730

Amounts owed to group undertakings
141,359
255,599

Corporation tax
12,044
-

Other taxation and social security
63,121
80,775

Obligations under finance lease and hire purchase contracts
6,248
-

Other creditors
2,494
3,692

Accruals and deferred income
4,972
5,030

£351,028
£416,826



8.


Creditors: Amounts falling due after more than one year

2024
2023

Net obligations under finance leases and hire purchase contracts
2,603
-

£2,603
£-



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £14,064 (2023 - £13,511). Contributions totalling £1,425 (2023 - £1,582) were payable to the fund at the balance sheet date and are included in creditors. 


10.
Controlling party



At the balance sheet date, the immediate parent undertaking is Action Carpets (Holdings) Limited, a company incorporated in England and Wales. The registered address of Action Carpets (Holdings) Limited is Henwood House, Henwood, Ashford, Kent, TN24 8DH.
Action Carpets (Holdings) Limited is the controlling party of the company. The controlling party of the parent undertaking is the director W Dixon..
The company is exempt from the requirement of preparing consolidated financial statements as it is a subsidiary undertaking of a small group under section 383 of the Companies Act 2006.
 


Page 7