REGISTERED NUMBER: 10820014 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2024

for

REX CARPET LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs S MOHAN

REGISTERED OFFICE:

19b Barking Industrial Park, Alfreds Way

Barking

IG11 0TJ

REGISTERED NUMBER:

10820014 (England and Wales)

ACCOUNTANTS:

Gynch Shaw Maurice & Co

Chartered Certified Accountants

Rear of No 2

SPM House

Glenthorne Road

Friern Barnet

London

N11 3HT

FIXED ASSETS

Tangible assets

4

90,089

148,464

CURRENT ASSETS

Stocks

280,533

285,500

Debtors

5

50,475

31,658

Cash at bank and in hand

21,399

40,096

352,407

357,254

CREDITORS

Amounts falling due within one year

6

91,504

115,865

NET CURRENT ASSETS

260,903

241,389

TOTAL ASSETS LESS CURRENT LIABILITIES

350,992

389,853

CREDITORS

Amounts falling due after more than one year

7

137,413

203,268

NET ASSETS

213,579

186,585

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

213,479

186,485

SHAREHOLDERS' FUNDS

213,579

186,585

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 26 March 2025 and were signed by:

Mrs S MOHAN - Director

1.	STATUTORY INFORMATION

Rex Carpet 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.

Turnover

Turnover represents sales of carpets and floor coverings, net of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Motor Vehicle- 25% on a reducing balance method

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 Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2023

216,472

Additions

25,321

Disposals

(87,602

)

At 30 June 2024

154,191

DEPRECIATION

At 1 July 2023

68,008

Charge for year

24,154

Eliminated on disposal

(28,060

)

At 30 June 2024

64,102

NET BOOK VALUE

At 30 June 2024

90,089

At 30 June 2023

148,464

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.24

30.6.23

£

£

Trade debtors

27,027

15,410

Other debtors

23,448

16,248

50,475

31,658

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.24

30.6.23

£

£

Trade creditors

8,830

41,392

Taxation and social security

6,490

726

Other creditors

76,184

73,747

91,504

115,865

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.24

30.6.23

£

£

Bank loans

20,497

30,746

Other creditors

116,916

172,522

137,413

203,268

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is a balance of £72,754 (2023:£71,392 owed to Mrs S Mohan, the director of the company.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S MOHAN.