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REGISTERED NUMBER: 06616805 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 July 2024

for

John Hughes Carpets & Floor Coverings
Limited

John Hughes Carpets & Floor Coverings
Limited (Registered number: 06616805)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


John Hughes Carpets & Floor Coverings
Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mrs K Hughes
D J Hughes





REGISTERED OFFICE: 375 East Bawtry Road
Whiston
Rotherham
South Yorkshire
S60 4EP





REGISTERED NUMBER: 06616805 (England and Wales)





ACCOUNTANTS: Parkins Accountants Ltd
T/A, Parkins, Chartered Accountants
Moor Park House
Bawtry Rd
Wickersley
Rotherham
South Yorkshire
S66 2BL

John Hughes Carpets & Floor Coverings
Limited (Registered number: 06616805)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 73,553 31,235
Investment property 5 129,750 120,000
203,303 151,235

CURRENT ASSETS
Stocks 10,326 9,765
Debtors 6 44,244 28,118
Cash at bank and in hand 15,903 51,640
70,473 89,523
CREDITORS
Amounts falling due within one year 7 96,390 100,472
NET CURRENT LIABILITIES (25,917 ) (10,949 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,386

140,286

CREDITORS
Amounts falling due after more than one
year

8

56,332

24,066
NET ASSETS 121,054 116,220

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 120,954 116,120
121,054 116,220

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

John Hughes Carpets & Floor Coverings
Limited (Registered number: 06616805)

Balance Sheet - continued
31 July 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 28 April 2025 and were signed on its behalf by:





D J Hughes - Director


John Hughes Carpets & Floor Coverings
Limited (Registered number: 06616805)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

John Hughes Carpets & Floor Coverings 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

John Hughes Carpets & Floor Coverings
Limited (Registered number: 06616805)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 55,497
Additions 73,047
Disposals (19,281 )
At 31 July 2024 109,263
DEPRECIATION
At 1 August 2023 24,262
Charge for year 18,389
Eliminated on disposal (6,941 )
At 31 July 2024 35,710
NET BOOK VALUE
At 31 July 2024 73,553
At 31 July 2023 31,235

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 120,000
Additions 9,750
At 31 July 2024 129,750
NET BOOK VALUE
At 31 July 2024 129,750
At 31 July 2023 120,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 42,105 21,727
Other debtors 2,139 6,391
44,244 28,118

John Hughes Carpets & Floor Coverings
Limited (Registered number: 06616805)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,866 9,845
Hire purchase contracts 8,837 -
Trade creditors 18,939 24,611
Taxation and social security 14,224 21,585
Other creditors 46,524 44,431
96,390 100,472

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 20,338 23,666
Hire purchase contracts 35,594 -
Other creditors 400 400
56,332 24,066