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REGISTERED NUMBER: 04439871 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

ANGLIAN CARPETS LIMITED

ANGLIAN CARPETS LIMITED (REGISTERED NUMBER: 04439871)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ANGLIAN CARPETS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr C F Brown
Mrs P C A Brown
Mr C L Brown
Mr D M Brown
Mr J S Brown





SECRETARY: Mrs P C A Brown





REGISTERED OFFICE: Ingram House
Meridian Way
Norwich
Norfolk
NR7 0TA





REGISTERED NUMBER: 04439871 (England and Wales)





ACCOUNTANTS: LEES
Chartered Certified Accountants
Ingram House
Meridian Way
Norwich
Norfolk
NR7 0TA

ANGLIAN CARPETS LIMITED (REGISTERED NUMBER: 04439871)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 553,076 36,572
Investment property 5 175,000 146,271
728,076 182,843

CURRENT ASSETS
Stocks 39,393 15,046
Debtors 6 75,380 144,009
Cash at bank and in hand 286,287 472,693
401,060 631,748
CREDITORS
Amounts falling due within one year 7 145,047 165,765
NET CURRENT ASSETS 256,013 465,983
TOTAL ASSETS LESS CURRENT
LIABILITIES

984,089

648,826

CREDITORS
Amounts falling due after more than one
year

8

(250,750

)

-

PROVISIONS FOR LIABILITIES (21,608 ) -
NET ASSETS 711,731 648,826

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 21,547 -
Retained earnings 10 690,084 648,726
SHAREHOLDERS' FUNDS 711,731 648,826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ANGLIAN CARPETS LIMITED (REGISTERED NUMBER: 04439871)

BALANCE SHEET - continued
31 JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:





Mr D M Brown - Director


ANGLIAN CARPETS LIMITED (REGISTERED NUMBER: 04439871)

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

1. STATUTORY INFORMATION

Anglian Carpets 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 as modified by the revaluation of certain assets.

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 25% on reducing balance

Investment property
Investment properties are initially recorded at cost which includes purchase cost and any directly attributable expenditure.

Investment properties whose fair value can be measured reliably are measured at fair value. The gain or loss on revaluation is recognised in the Statement of Comprehensive Income in the period in which it arises. Such gains or losses are transferred from retained earnings to a non-distributable reserve.

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 Statement of Income and Retained Earnings, 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.

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.

ANGLIAN CARPETS LIMITED (REGISTERED NUMBER: 04439871)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 - 133,987 133,987
Additions 487,201 62,370 549,571
Disposals - (21,968 ) (21,968 )
At 31 July 2024 487,201 174,389 661,590
DEPRECIATION
At 1 August 2023 - 97,415 97,415
Charge for year 9,744 22,399 32,143
Eliminated on disposal - (21,044 ) (21,044 )
At 31 July 2024 9,744 98,770 108,514
NET BOOK VALUE
At 31 July 2024 477,457 75,619 553,076
At 31 July 2023 - 36,572 36,572

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 146,271
Revaluations 28,729
At 31 July 2024 175,000
NET BOOK VALUE
At 31 July 2024 175,000
At 31 July 2023 146,271

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2024 175,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 146,271 146,271
Aggregate depreciation (5,851 ) (2,926 )

The investment property was valued on an open market basis on 31 July 2024 by the company directors .

ANGLIAN CARPETS LIMITED (REGISTERED NUMBER: 04439871)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 50,371 86,871
Other debtors 25,009 57,138
75,380 144,009

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,684 -
Trade creditors 33,417 50,456
Taxation and social security 55,648 75,315
Other creditors 47,298 39,994
145,047 165,765

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 250,750 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Class: Nominal 2024 2023
value: £ £
Ordinary "A" £1 10 40
Ordinary "B" £1 30 30
Ordinary "C" £1 30 30
Ordinary "D" £1 30 -
100 100

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 August 2023 648,726 - 648,726
Profit for the year 108,805 108,805
Dividends (45,900 ) (45,900 )
Fair value adjustment (21,547 ) 21,547 -
At 31 July 2024 690,084 21,547 711,631

ANGLIAN CARPETS LIMITED (REGISTERED NUMBER: 04439871)

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Mr C F Brown
Balance outstanding at start of year (23,013 ) 2,206
Amounts advanced 399 26,294
Amounts repaid (312 ) (51,513 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (22,926 ) (23,013 )

Mr C L Brown
Balance outstanding at start of year (216 ) -
Amounts advanced 30,455 -
Amounts repaid (23,262 ) (216 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,977 (216 )

Mr D M Brown
Balance outstanding at start of year (216 ) -
Amounts advanced 30,243 -
Amounts repaid (23,270 ) (216 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,757 (216 )

Mr J S Brown
Balance outstanding at start of year - -
Amounts advanced 7,150 -
Amounts repaid (312 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,838 -

Interest of £203 (£191 - 2023) has been charged on the overdrawn directors loan accounts.