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REGISTERED NUMBER: 09500382 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Cov Carpets Ltd

Cov Carpets Ltd (Registered number: 09500382)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cov Carpets Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTOR: S Khan





SECRETARY:





REGISTERED OFFICE: 321 Foleshill Road
Foleshill
Coventry
West Midlands
CV1 4JS





REGISTERED NUMBER: 09500382 (England and Wales)





ACCOUNTANTS: Kamar & Co Accountants
1 Medina Rd
Foleshill
Coventry
West Midlands
CV6 5JB

Cov Carpets Ltd (Registered number: 09500382)

Balance Sheet
31 March 2025

2025 2024
Notes £    £   
CURRENT ASSETS
Stocks 7,650 11,650
Cash at bank and in hand 3,001 2,525
10,651 14,175
CREDITORS
Amounts falling due within one year 4 633 853
NET CURRENT ASSETS 10,018 13,322
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,018

13,322

CREDITORS
Amounts falling due after more than one
year

5

18,000

22,000
NET LIABILITIES (7,982 ) (8,678 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (7,983 ) (8,679 )
SHAREHOLDERS' FUNDS (7,982 ) (8,678 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Mr Shafiq Khan the director and authorised for issue on 11 April 2025 and were signed by:



S Khan - Director


Cov Carpets Ltd (Registered number: 09500382)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Cov Carpets Ltd 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, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 633 853

Cov Carpets Ltd (Registered number: 09500382)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 12,000 16,000
Other creditors 6,000 6,000
18,000 22,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 6,000 6,000

Repayable by instalments
Bank loans more 5 yr by instal 12,000 16,000