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REGISTERED NUMBER: 03596848 (England and Wales)


















Unaudited Financial Statements for the Year Ended 30 September 2024

for

The Carpet Factory (Herts) Limited

The Carpet Factory (Herts) Limited (Registered number: 03596848)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Carpet Factory (Herts) Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: S Whyte





REGISTERED OFFICE: Unit 2 Royston Road
Baldock
Hertfordshire
SG6 1PT





REGISTERED NUMBER: 03596848 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
Unit 1B
Focus 4
Fourth Avenue
Letchworth
Hertfordshire
SG6 2TU

The Carpet Factory (Herts) Limited (Registered number: 03596848)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 12,352 16,469

CURRENT ASSETS
Stocks 10,340 10,600
Debtors 5 65,032 78,108
Cash at bank and in hand 471,640 473,113
547,012 561,821
CREDITORS
Amounts falling due within one year 6 75,150 121,031
NET CURRENT ASSETS 471,862 440,790
TOTAL ASSETS LESS CURRENT
LIABILITIES

484,214

457,259

PROVISIONS FOR LIABILITIES 28,088 24,118
NET ASSETS 456,126 433,141

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 456,122 433,137
456,126 433,141

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

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

The director acknowledges his 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 25 March 2025 and were signed by:



S Whyte - Director


The Carpet Factory (Herts) Limited (Registered number: 03596848)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

The Carpet Factory (Herts) 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 is measured at the fair value of the consideration received or receivable net of VAT and trade discounts The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of carpets is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from fittings is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the invoice date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

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 etc - 25% on reducing balance

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.


The Carpet Factory (Herts) Limited (Registered number: 03596848)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 37,548
DEPRECIATION
At 1 October 2023 21,079
Charge for year 4,117
At 30 September 2024 25,196
NET BOOK VALUE
At 30 September 2024 12,352
At 30 September 2023 16,469

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 61,279 78,108
Other debtors 3,753 -
65,032 78,108

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 34,617 53,374
Taxation and social security 38,371 56,656
Other creditors 2,162 11,001
75,150 121,031