DIRECT CARPETS & FLOORING LTD

Company Registration Number:
11380970 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

DIRECT CARPETS & FLOORING LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

DIRECT CARPETS & FLOORING LTD

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 0 4,333
Tangible assets: 4 230 1,564
Total fixed assets: 230 5,897
Current assets
Stocks: 40,098 45,102
Debtors:   169,924 88,809
Cash at bank and in hand: 1,566 0
Total current assets: 211,588 133,911
Creditors: amounts falling due within one year:   (185,991) (115,189)
Net current assets (liabilities): 25,597 18,722
Total assets less current liabilities: 25,827 24,619
Creditors: amounts falling due after more than one year:   (18,458) (23,120)
Total net assets (liabilities): 7,369 1,499
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 7,367 1,497
Shareholders funds: 7,369 1,499

The notes form part of these financial statements

DIRECT CARPETS & FLOORING LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 March 2025
and signed on behalf of the board by:

Name: T Glasgow
Status: Director

The notes form part of these financial statements

DIRECT CARPETS & FLOORING LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 33% on cost

Intangible fixed assets and amortisation policy

Goodwill Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five 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.

Other accounting policies

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

DIRECT CARPETS & FLOORING LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 5 5

DIRECT CARPETS & FLOORING LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible Assets

Total
Cost £
At 01 April 2023 65,000
At 31 March 2024 65,000
Amortisation
At 01 April 2023 60,667
Charge for year 4,333
At 31 March 2024 65,000
Net book value
At 31 March 2024 0
At 31 March 2023 4,333

DIRECT CARPETS & FLOORING LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible Assets

Total
Cost £
At 01 April 2023 34,848
At 31 March 2024 34,848
Depreciation
At 01 April 2023 33,284
Charge for year 1,334
At 31 March 2024 34,618
Net book value
At 31 March 2024 230
At 31 March 2023 1,564