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REGISTERED NUMBER: 09673246 (England and Wales)















THE CARPET FACTORY (STOURPORT) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






THE CARPET FACTORY (STOURPORT) LIMITED (REGISTERED NUMBER: 09673246)

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










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


THE CARPET FACTORY (STOURPORT) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr D.W. Needham
Mr R.W. Needham





REGISTERED OFFICE: 43 Birmingham Road
Kidderminster
Worcestershire
DY10 2DA





REGISTERED NUMBER: 09673246 (England and Wales)





ACCOUNTANTS: Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
THE CARPET FACTORY (STOURPORT) LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Carpet Factory (Stourport) Limited for the year ended 30 September 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Carpet Factory (Stourport) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Carpet Factory (Stourport) Limited and state those matters that we have agreed to state to the Board of Directors of The Carpet Factory (Stourport) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Carpet Factory (Stourport) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Carpet Factory (Stourport) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Carpet Factory (Stourport) Limited. You consider that The Carpet Factory (Stourport) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Carpet Factory (Stourport) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU


4 April 2025

THE CARPET FACTORY (STOURPORT) LIMITED (REGISTERED NUMBER: 09673246)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,815 2,758

CURRENT ASSETS
Stocks 10,000 11,700
Debtors 5 34,269 28,079
Cash at bank 8,975 13,889
53,244 53,668
CREDITORS
Amounts falling due within one year 6 46,787 47,527
NET CURRENT ASSETS 6,457 6,141
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,272

8,899

PROVISIONS FOR LIABILITIES 535 482
NET ASSETS 8,737 8,417

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 8,735 8,415
SHAREHOLDERS' FUNDS 8,737 8,417

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.

THE CARPET FACTORY (STOURPORT) LIMITED (REGISTERED NUMBER: 09673246)

STATEMENT OF FINANCIAL POSITION - 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 4 April 2025 and were signed on its behalf by:




Mr R.W. Needham - Director



Mr D.W. Needham - Director


THE CARPET FACTORY (STOURPORT) LIMITED (REGISTERED NUMBER: 09673246)

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


1. STATUTORY INFORMATION

The Carpet Factory (Stourport) 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 represents net sales of goods/services, excluding value added tax

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
Computer equipment - 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

THE CARPET FACTORY (STOURPORT) LIMITED (REGISTERED NUMBER: 09673246)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 6,437
Additions 999
At 30 September 2024 7,436
DEPRECIATION
At 1 October 2023 3,679
Charge for year 942
At 30 September 2024 4,621
NET BOOK VALUE
At 30 September 2024 2,815
At 30 September 2023 2,758

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,300 2,605
Other debtors 32,969 25,474
34,269 28,079

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 38,417 36,803
Taxation and social security 4,181 6,292
Other creditors 4,189 4,432
46,787 47,527

7. RELATED PARTY DISCLOSURES

Mr. D.W. Needham, a director of the company, is also a director of Elderfield (Midlands) Limited. The Carpet Factory (Stourport) Limited rents premises from Elderfield (Midlands) Limited, on a full repairing lease, amounting to rental charges during the year of £14,400.

Mr. D.W. Needham, is also a director of Needham Enterprises Limited. At the year end Needham Enterprises Limited owed The Carpet Factory (Stourport) Limited £31,120.