Wright Choice Carpets Limited |
Registered Number:09825415 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
Wright Choice Carpets Limited
Statement of Financial Position
2023
2024
25,708
37,208
2
Property, plant and equipment |
13,189
14,756
3
38,897
51,964
182,783
214,852
4
Trade and other receivables |
17,061
20,728
5
78,607
Cash and cash equivalents |
43,386
278,966
278,451
Trade and other payables: amounts falling due within one year |
(310,018)
(393,273)
6
(31,567)
(114,307)
Net current liabilities
Total assets less current liabilities |
(75,410)
20,397
Trade and other payables: amounts falling due after more than one year |
(21,667)
(11,667)
7
(87,077)
Net liabilities
(1,270)
20,000
20,000
(107,077)
(21,270)
(87,077)
(1,270)
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 director acknowledges his 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. |
Mrs Marion Wright Director |
These financial statements were approved and authorised for issue by the Board on 12 March 2025 and were signed by: |
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For the year ended 31 March 2024
Wright Choice Carpets Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 31 March 2024
Wright Choice Carpets Limited
Notes to the Financial Statements
Statutory Information
Wright Choice Carpets Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number |
09825415. |
Principal place of business: |
31 Mansfield Road
Daybrook
Nottingham
NG5 6AJ
Horizon House
2 Whiting Street
Sheffield
The presentation currency is £ sterling. |
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 2015 and 2017, is being amortised evenly over its estimated useful life of 10 years. |
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. |
2. Intangible fixed assets |
Goodwill
115,000
115,000
77,792
11,500
Charge for year
89,292
25,708
37,208
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For the year ended 31 March 2024
Wright Choice Carpets Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment |
Fixtures and fittings
15,670
15,670
Provision for depreciation and impairment |
914
Charge for year
1,567
2,481
13,189
14,756
2023
2024
214,852
182,783
5. Trade and other receivables |
2023
2024
2,125
2,828
18,603
14,233
17,061
20,728
6. Trade and other payables: amounts falling due within one year |
2023
2024
10,000
10,000
97,808
15,553
Taxation and social security |
4,623
6,057
280,842
278,408
393,273
310,018
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For the year ended 31 March 2024
Wright Choice Carpets Limited
Notes to the Financial Statements Continued
7. Trade and other payables: amounts falling due after more than one year |
2023
2024
11,667
21,667
8. Average number of persons employed |
During the year the average number of employees was 5 (2023 : 4)
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