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Company Registration No. 12531740 (England and Wales)
AB Carpets and Flooring Ltd Unaudited accounts for the year ended 31 March 2025
AB Carpets and Flooring Ltd Unaudited accounts Contents
Page
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AB Carpets and Flooring Ltd Company Information for the year ended 31 March 2025
Directors
Alexander Baird Fleur Elizabeth Baird
Company Number
12531740 (England and Wales)
Registered Office
9 Porthill Close Twigworth GL2 9GW England
Accountants
Next Level Accountants Limited 35 Goddard Way Tuffley Gloucester Gloucestershire GL4 0YA
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AB Carpets and Flooring Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Current assets
Debtors
5,000 
10,440 
Cash at bank and in hand
31,756 
7,458 
36,756 
17,898 
Creditors: amounts falling due within one year
(36,038)
(12,303)
Net current assets
718 
5,595 
Net assets
718 
5,595 
Capital and reserves
Called up share capital
21 
21 
Profit and loss account
697 
5,574 
Shareholders' funds
718 
5,595 
For the year ending 31 March 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2025 and were signed on its behalf by
Alexander Baird Director Company Registration No. 12531740
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AB Carpets and Flooring Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
AB Carpets and Flooring Ltd is a private company, limited by shares, registered in England and Wales, registration number 12531740. The registered office is 9 Porthill Close, Twigworth, GL2 9GW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
340 
Other debtors
5,000 
10,100 
5,000 
10,440 
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
4,412 
1,115 
Taxes and social security
31,626 
11,188 
36,038 
12,303 
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AB Carpets and Flooring Ltd Notes to the Accounts for the year ended 31 March 2025
6
Operating lease commitments
2025 
2024 
£ 
£ 
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
13,232 
4,875 
Later than one year and not later than five years
36,215 
14,220 
49,447 
19,095 
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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