Austhorpe Carpets Limited |
Registered Number:08053584 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2024
Austhorpe Carpets Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Austhorpe Carpets Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
9,673
11,618
3
9,673
11,618
123,379
109,550
4
Trade and other receivables |
33,806
12,768
5
30,570
Cash and cash equivalents |
31,073
153,391
187,755
Trade and other payables: amounts falling due within one year |
(197,261)
(247,204)
6
(9,506)
(93,813)
Net current liabilities
Total assets less current liabilities |
(84,140)
2,112
Trade and other payables: amounts falling due after more than one year |
(21,667)
(11,667)
7
(95,807)
Net liabilities
(19,555)
20,000
20,000
(115,807)
(39,555)
(95,807)
(19,555)
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. |
Barry John MacFarlane Director |
These financial statements were approved and authorised for issue by the Board on 19 February 2025 and were signed by: |
The notes form part of these financial statements |
1 of 4
For the year ended 31 March 2024
Austhorpe Carpets Limited
Notes to the Financial Statements
Statutory Information
Austhorpe Carpets Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 08053584. |
Principal place of business: |
T/A United Carpets
1 Austhorpe Road
Crossgates
Leeds
LS15 8QR
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, is being amortised evenly over its estimated useful life of 10 years. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
Fixtures and fittings
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 of 4
For the year ended 31 March 2024
Austhorpe Carpets Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
99,000
99,000
99,000
99,000
-
-
3. Property, plant and equipment |
Land and buildings
19,445
7,445
12,000
12,000
7,445
19,445
Provision for depreciation and impairment |
7,827
1,127
6,700
Charge for year
1,945
745
1,200
9,772
1,872
7,900
4,100
5,573
9,673
5,300
6,318
11,618
2023
2024
109,550
123,379
3 of 4
For the year ended 31 March 2024
Austhorpe Carpets Limited
Notes to the Financial Statements Continued
5. Trade and other receivables |
2023
2024
2,020
2,020
10,748
31,786
33,806
12,768
6. Trade and other payables: amounts falling due within one year |
2023
2024
10,000
10,000
146,331
154,826
Taxation and social security |
28,911
4,258
61,962
28,177
247,204
197,261
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 4 (2023 : 5)
4 of 4