Carpet Workshop (UK) Ltd 09124567 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is Manufacturing of other carpets and rugs Digita Accounts Production Advanced 6.30.9574.0 true true 09124567 2023-10-01 2024-09-30 09124567 2024-09-30 09124567 core:CurrentFinancialInstruments 2024-09-30 09124567 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 09124567 core:FurnitureFittings 2024-09-30 09124567 core:MotorVehicles 2024-09-30 09124567 core:PlantMachinery 2024-09-30 09124567 bus:SmallEntities 2023-10-01 2024-09-30 09124567 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 09124567 bus:FilletedAccounts 2023-10-01 2024-09-30 09124567 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09124567 bus:RegisteredOffice 2023-10-01 2024-09-30 09124567 bus:Director1 2023-10-01 2024-09-30 09124567 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09124567 core:FurnitureFittings 2023-10-01 2024-09-30 09124567 core:MotorVehicles 2023-10-01 2024-09-30 09124567 core:PlantMachinery 2023-10-01 2024-09-30 09124567 countries:AllCountries 2023-10-01 2024-09-30 09124567 2023-09-30 09124567 core:FurnitureFittings 2023-09-30 09124567 core:MotorVehicles 2023-09-30 09124567 core:PlantMachinery 2023-09-30 09124567 2022-10-01 2023-09-30 09124567 2023-09-30 09124567 core:CurrentFinancialInstruments 2023-09-30 09124567 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 09124567 core:FurnitureFittings 2023-09-30 09124567 core:MotorVehicles 2023-09-30 09124567 core:PlantMachinery 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 09124567

Carpet Workshop (UK) Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Carpet Workshop (UK) Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Carpet Workshop (UK) Ltd

Company Information

Director

Alex Davies

Registered office

Unit 9
The Old Dairy
Broadfield Road
Sheffield
South Yorkshire
S8 0XQ

Accountants

Millhouses Accountancy
Millhouses Business Centre
2-4 Abbeydale Road South
Sheffield
South Yorkshire
S7 2QN

 

Carpet Workshop (UK) Ltd

(Registration number: 09124567)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

141,134

131,817

Current assets

 

Stocks

5

26,487

31,200

Debtors

6

93,485

39,061

Cash at bank and in hand

 

76,399

145,142

 

196,371

215,403

Creditors: Amounts falling due within one year

7

(97,737)

(122,298)

Net current assets

 

98,634

93,105

Net assets

 

239,768

224,922

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

239,668

224,822

Shareholders' funds

 

239,768

224,922

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 April 2025
 

.........................................
Alex Davies
Director

 

Carpet Workshop (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
Unit 9
The Old Dairy
Broadfield Road
Sheffield
South Yorkshire
S8 0XQ
England

These financial statements were authorised for issue by the director on 22 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Carpet Workshop (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Carpet Workshop (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 11 (2023 - 11).

 

Carpet Workshop (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

10,015

254,206

33,250

297,471

Additions

2,926

64,443

-

67,369

At 30 September 2024

12,941

318,649

33,250

364,840

Depreciation

At 1 October 2023

5,365

151,977

8,312

165,654

Charge for the year

1,941

47,798

8,313

58,052

At 30 September 2024

7,306

199,775

16,625

223,706

Carrying amount

At 30 September 2024

5,635

118,874

16,625

141,134

At 30 September 2023

4,650

102,229

24,938

131,817

5

Stocks

2024
£

2023
£

Other inventories

26,487

31,200

6

Debtors

Current

2024
£

2023
£

Trade debtors

93,485

39,061

 

93,485

39,061

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

56,291

50,008

Taxation and social security

21,953

47,304

Accruals and deferred income

820

800

Other creditors

18,673

24,186

97,737

122,298

 

Carpet Workshop (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

9

Dividends

   

2024

 

2023

   

£

 

£

Dividends paid

 

21,697

 

33,282

 

 

   

21,697

 

33,282