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REGISTERED NUMBER: 04833203















N & S CARPET SUPPLIES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






N & S CARPET SUPPLIES LTD (REGISTERED NUMBER: 04833203)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N & S CARPET SUPPLIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Mr N Gridley





SECRETARY: Mr J D Gridley





REGISTERED OFFICE: 424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ





REGISTERED NUMBER: 04833203





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

N & S CARPET SUPPLIES LTD (REGISTERED NUMBER: 04833203)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 23,221 36,814
23,221 36,814

CURRENT ASSETS
Stocks 6 3,000 3,000
Debtors 7 6,831 20,977
Cash at bank 118,355 82,510
128,186 106,487
CREDITORS
Amounts falling due within one year 8 (28,398 ) (27,855 )
NET CURRENT ASSETS 99,788 78,632
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,009

115,446

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 123,007 115,444
SHAREHOLDERS' FUNDS 123,009 115,446

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 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 & S CARPET SUPPLIES LTD (REGISTERED NUMBER: 04833203)

BALANCE SHEET - continued
31 OCTOBER 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 3 March 2025 and were signed by:





Mr N Gridley - Director


N & S CARPET SUPPLIES LTD (REGISTERED NUMBER: 04833203)

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

1. STATUTORY INFORMATION

N & S Carpet Supplies Ltd is a private company, limited by shares , registered in Not specified/Other. 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 in 2003, is being amortised evenly over its estimated useful life of ten 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.
Fixture & Fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 14,000
AMORTISATION
At 1 November 2023
and 31 October 2024 14,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

N & S CARPET SUPPLIES LTD (REGISTERED NUMBER: 04833203)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

5. TANGIBLE FIXED ASSETS
Plant and Fixture & Motor Computer
machinery Fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 287 2,126 64,344 1,140 67,897
Additions 458 2,371 - - 2,829
Disposals - - (27,344 ) - (27,344 )
At 31 October 2024 745 4,497 37,000 1,140 43,382
DEPRECIATION
At 1 November 2023 146 2,112 27,942 883 31,083
Charge for year 150 597 6,938 85 7,770
Eliminated on disposal - - (18,692 ) - (18,692 )
At 31 October 2024 296 2,709 16,188 968 20,161
NET BOOK VALUE
At 31 October 2024 449 1,788 20,812 172 23,221
At 31 October 2023 141 14 36,402 257 36,814

6. STOCKS
2024 2023
£    £   
Stocks 3,000 3,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,111 18,978
Sundry debtors - 466
Directors' current accounts 4,230 307
Prepayments 490 1,226
6,831 20,977

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,071 11,495
Corporation Tax 13,413 8,851
Social security and other taxes 1,417 -
VAT 1,914 5,714
Sundry creditors 133 310
Accruals and deferred income 1,450 1,485
28,398 27,855

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr N Gridley.