2023-08-012024-07-312024-07-31false11955982THE CROWN CARPET COMPANY(TRURO) LTD2025-03-26falseiso4217:GBPxbrli:pure119559822023-08-01119559822024-07-31119559822023-08-012024-07-31119559822022-08-01119559822023-07-31119559822022-08-012023-07-3111955982bus:SmallEntities2023-08-012024-07-3111955982bus:AuditExempt-NoAccountantsReport2023-08-012024-07-3111955982bus:FullAccounts2023-08-012024-07-3111955982bus:PrivateLimitedCompanyLtd2023-08-012024-07-3111955982core:WithinOneYear2024-07-3111955982core:AfterOneYear2024-07-3111955982core:WithinOneYear2023-07-3111955982core:AfterOneYear2023-07-3111955982core:ShareCapital2024-07-3111955982core:SharePremium2024-07-3111955982core:RevaluationReserve2024-07-3111955982core:OtherReservesSubtotal2024-07-3111955982core:RetainedEarningsAccumulatedLosses2024-07-3111955982core:ShareCapital2023-07-3111955982core:SharePremium2023-07-3111955982core:RevaluationReserve2023-07-3111955982core:OtherReservesSubtotal2023-07-3111955982core:RetainedEarningsAccumulatedLosses2023-07-3111955982core:LandBuildings2024-07-3111955982core:PlantMachinery2024-07-3111955982core:Vehicles2024-07-3111955982core:FurnitureFittings2024-07-3111955982core:OfficeEquipment2024-07-3111955982core:NetGoodwill2024-07-3111955982core:IntangibleAssetsOtherThanGoodwill2024-07-3111955982core:ListedExchangeTraded2024-07-3111955982core:UnlistedNon-exchangeTraded2024-07-3111955982core:LandBuildings2023-07-3111955982core:PlantMachinery2023-07-3111955982core:Vehicles2023-07-3111955982core:FurnitureFittings2023-07-3111955982core:OfficeEquipment2023-07-3111955982core:NetGoodwill2023-07-3111955982core:IntangibleAssetsOtherThanGoodwill2023-07-3111955982core:ListedExchangeTraded2023-07-3111955982core:UnlistedNon-exchangeTraded2023-07-3111955982core:LandBuildings2023-08-012024-07-3111955982core:PlantMachinery2023-08-012024-07-3111955982core:Vehicles2023-08-012024-07-3111955982core:FurnitureFittings2023-08-012024-07-3111955982core:OfficeEquipment2023-08-012024-07-3111955982core:NetGoodwill2023-08-012024-07-3111955982core:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3111955982core:ListedExchangeTraded2023-08-012024-07-3111955982core:UnlistedNon-exchangeTraded2023-08-012024-07-3111955982core:MoreThanFiveYears2023-08-012024-07-3111955982core:Non-currentFinancialInstruments2024-07-3111955982core:Non-currentFinancialInstruments2023-07-3111955982dpl:CostSales2023-08-012024-07-3111955982dpl:DistributionCosts2023-08-012024-07-3111955982core:LandBuildings2023-08-012024-07-3111955982core:PlantMachinery2023-08-012024-07-3111955982core:Vehicles2023-08-012024-07-3111955982core:FurnitureFittings2023-08-012024-07-3111955982core:OfficeEquipment2023-08-012024-07-3111955982dpl:AdministrativeExpenses2023-08-012024-07-3111955982core:NetGoodwill2023-08-012024-07-3111955982core:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3111955982dpl:GroupUndertakings2023-08-012024-07-3111955982dpl:ParticipatingInterests2023-08-012024-07-3111955982dpl:GroupUndertakingscore:ListedExchangeTraded2023-08-012024-07-3111955982core:ListedExchangeTraded2023-08-012024-07-3111955982dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-08-012024-07-3111955982core:UnlistedNon-exchangeTraded2023-08-012024-07-3111955982dpl:CostSales2022-08-012023-07-3111955982dpl:DistributionCosts2022-08-012023-07-3111955982core:LandBuildings2022-08-012023-07-3111955982core:PlantMachinery2022-08-012023-07-3111955982core:Vehicles2022-08-012023-07-3111955982core:FurnitureFittings2022-08-012023-07-3111955982core:OfficeEquipment2022-08-012023-07-3111955982dpl:AdministrativeExpenses2022-08-012023-07-3111955982core:NetGoodwill2022-08-012023-07-3111955982core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3111955982dpl:GroupUndertakings2022-08-012023-07-3111955982dpl:ParticipatingInterests2022-08-012023-07-3111955982dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-012023-07-3111955982core:ListedExchangeTraded2022-08-012023-07-3111955982dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-012023-07-3111955982core:UnlistedNon-exchangeTraded2022-08-012023-07-3111955982core:NetGoodwill2024-07-3111955982core:IntangibleAssetsOtherThanGoodwill2024-07-3111955982core:LandBuildings2024-07-3111955982core:PlantMachinery2024-07-3111955982core:Vehicles2024-07-3111955982core:FurnitureFittings2024-07-3111955982core:OfficeEquipment2024-07-3111955982core:AfterOneYear2024-07-3111955982core:WithinOneYear2024-07-3111955982core:ListedExchangeTraded2024-07-3111955982core:UnlistedNon-exchangeTraded2024-07-3111955982core:ShareCapital2024-07-3111955982core:SharePremium2024-07-3111955982core:RevaluationReserve2024-07-3111955982core:OtherReservesSubtotal2024-07-3111955982core:RetainedEarningsAccumulatedLosses2024-07-3111955982core:NetGoodwill2023-07-3111955982core:IntangibleAssetsOtherThanGoodwill2023-07-3111955982core:LandBuildings2023-07-3111955982core:PlantMachinery2023-07-3111955982core:Vehicles2023-07-3111955982core:FurnitureFittings2023-07-3111955982core:OfficeEquipment2023-07-3111955982core:AfterOneYear2023-07-3111955982core:WithinOneYear2023-07-3111955982core:ListedExc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THE CROWN CARPET COMPANY(TRURO) LTD

Registered Number
11955982
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

THE CROWN CARPET COMPANY(TRURO) LTD
Company Information
for the year from 1 August 2023 to 31 July 2024

Director

BLACKLAW, Steven, Mr.

Registered Address

55a Castle Street
Truro
TR1 3AF

Registered Number

11955982 (England and Wales)
THE CROWN CARPET COMPANY(TRURO) LTD
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets324,49829,737
Tangible assets417,06621,429
41,56451,166
Current assets
Stocks54,7324,891
Debtors15,80228,297
Cash at bank and on hand93,895170,229
114,429203,417
Creditors amounts falling due within one year6(144,102)(233,098)
Net current assets (liabilities)(29,673)(29,681)
Total assets less current liabilities11,89121,485
Creditors amounts falling due after one year7(7,700)(16,934)
Provisions for liabilities8(3,243)(4,072)
Net assets948479
Capital and reserves
Called up share capital10,00010,000
Profit and loss account(9,052)(9,521)
Shareholders' funds948479
The financial statements were approved and authorised for issue by the Director on 26 March 2025, and are signed on its behalf by:
BLACKLAW, Steven, Mr.
Director
Registered Company No. 11955982
THE CROWN CARPET COMPANY(TRURO) LTD
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year43
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 August 2352,00052,000
At 31 July 2452,00052,000
Amortisation and impairment
At 01 August 2322,26322,263
Charge for year5,2395,239
At 31 July 2427,50227,502
Net book value
At 31 July 2424,49824,498
At 31 July 2329,73729,737
4.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 August 2342,64511,28053,925
Additions-1,1991,199
At 31 July 2442,64512,47955,124
Depreciation and impairment
At 01 August 2324,1638,33332,496
Charge for year4,6219415,562
At 31 July 2428,7849,27438,058
Net book value
At 31 July 2413,8613,20517,066
At 31 July 2318,4822,94721,429
5.Stocks

2024

2023

££
Other stocks4,7324,891
Total4,7324,891
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables17,37519,995
Bank borrowings and overdrafts10,64811,355
Amounts owed to related parties102,397144,098
Taxation and social security8,91713,638
Other creditors4851,499
Accrued liabilities and deferred income4,28042,513
Total144,102233,098
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts7,70016,934
Total7,70016,934
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)3,2434,072
Total3,2434,072