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REGISTERED NUMBER: 03603410 (England and Wales)















PCA ORIENTAL CARPETS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






PCA ORIENTAL CARPETS LIMITED (REGISTERED NUMBER: 03603410)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PCA ORIENTAL CARPETS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Miss L A Akhavan-Hazaveh
A Akhavan-Hazaveh





REGISTERED OFFICE: Unit 53 Nutwood Trading Estate
Limestone Cottage Lane
Sheffield
South Yorkshire
S6 1NJ





REGISTERED NUMBER: 03603410 (England and Wales)





ACCOUNTANTS: Duncan Chartered Accountants
5 Cherrytree
Union Road
Sheffield
South Yorkshire
S11 9EF

PCA ORIENTAL CARPETS LIMITED (REGISTERED NUMBER: 03603410)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,680 5,605
2,680 5,605

CURRENT ASSETS
Stocks 96,663 176,640
Debtors 6 820,336 884,947
Cash at bank and in hand 172,213 121,009
1,089,212 1,182,596
CREDITORS
Amounts falling due within one year 7 44,925 134,996
NET CURRENT ASSETS 1,044,287 1,047,600
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,046,967

1,053,205

PROVISIONS FOR LIABILITIES 846 846
NET ASSETS 1,046,121 1,052,359

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 1,046,119 1,052,357
SHAREHOLDERS' FUNDS 1,046,121 1,052,359

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 directors acknowledge their 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.

PCA ORIENTAL CARPETS LIMITED (REGISTERED NUMBER: 03603410)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 Board of Directors and authorised for issue on 16 April 2025 and were signed on its behalf by:





A Akhavan-Hazaveh - Director


PCA ORIENTAL CARPETS LIMITED (REGISTERED NUMBER: 03603410)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

PCA Oriental Carpets 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible fixed assets - goodwill
Goodwill represents the excess cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is ten years.

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 - 25% on reducing balance
Fixtures and fittings - 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.


PCA ORIENTAL CARPETS LIMITED (REGISTERED NUMBER: 03603410)

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 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 20,000
AMORTISATION
At 1 October 2023
and 30 September 2024 20,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

PCA ORIENTAL CARPETS LIMITED (REGISTERED NUMBER: 03603410)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 October 2023 3,172 31,858 35,030
Disposals - (280 ) (280 )
At 30 September 2024 3,172 31,578 34,750
DEPRECIATION
At 1 October 2023 2,617 26,808 29,425
Charge for year 161 2,764 2,925
Eliminated on disposal - (280 ) (280 )
At 30 September 2024 2,778 29,292 32,070
NET BOOK VALUE
At 30 September 2024 394 2,286 2,680
At 30 September 2023 555 5,050 5,605

6. DEBTORS
30.9.24 30.9.23
£    £   
Amounts falling due within one year:
Trade debtors 34,775 30,425
Other debtors 8,096 7,514
42,871 37,939

Amounts falling due after more than one year:
Other debtors 777,465 847,008

Aggregate amounts 820,336 884,947

Included within other debtors are amounts owing from Linbridge Investments Limited and C&K
Investments UK Limited, companies in which A Akhavan-Hazaveh has an interest.
See note 11.

PCA ORIENTAL CARPETS LIMITED (REGISTERED NUMBER: 03603410)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 29,382 104,361
Taxation and social security 2,085 5,152
VAT 3,320 4,482
Other creditors 3,771 2,856
Directors' current accounts 6,367 18,145
44,925 134,996

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
152 Ordinary 0.01 2 2
48 Ordinary A 0.01 - -
2 2

9. RELATED PARTY DISCLOSURES

The following amounts were owed to the company at the reporting end date:

Linbridge Investments Limited is a company controlled by the director A Akhavan-Hazaveh. At the year end the amount due to PCA Oriental Carpets Limited was £750,932 (2023: £780,475).

Mr Akhavan-Hazaveh is trustee of a trust which owns 50% of the share capital of C & K Investments UK Limited, a company in which he is also a director. At the year end the amount due to PCA Oriental Carpets Limited was £26,533 (2023: £66,533).