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REGISTERED NUMBER: 04789397 (England and Wales)
















Financial Statements for the Year Ended 31 March 2025

for

Moorland Carpets Limited

Moorland Carpets Limited (Registered number: 04789397)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Moorland Carpets Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: P R Dolbear
B C Dolbear





REGISTERED OFFICE: 19 Coker Road
Western-Super-Mare
North Somerset
BS22 6BX





REGISTERED NUMBER: 04789397 (England and Wales)





ACCOUNTANTS: Plunkett Yates Limited
1 Charlotte Mews
Pavilion Place
Exeter
Devon
EX2 4HA

Moorland Carpets Limited (Registered number: 04789397)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 480,438 523,403

CURRENT ASSETS
Stocks 63,184 89,784
Debtors 5 354,711 358,743
Cash at bank 4,277 8,571
422,172 457,098
CREDITORS
Amounts falling due within one year 6 228,283 225,081
NET CURRENT ASSETS 193,889 232,017
TOTAL ASSETS LESS CURRENT
LIABILITIES

674,327

755,420

CREDITORS
Amounts falling due after more than one year 7 (380,960 ) (423,536 )

PROVISIONS FOR LIABILITIES (26,064 ) (33,655 )
NET ASSETS 267,303 298,229

CAPITAL AND RESERVES
Called up share capital - 1
Capital redemption reserve 1 1
Retained earnings 267,302 298,227
267,303 298,229

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Moorland Carpets Limited (Registered number: 04789397)

Balance Sheet - continued
31 March 2025


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 13 May 2025 and were signed on its behalf by:





P R Dolbear - Director


Moorland Carpets Limited (Registered number: 04789397)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Moorland 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.

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.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 33% on cost and 15% on reducing balance
Motor vehicles - 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.

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.

Moorland Carpets Limited (Registered number: 04789397)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

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 8 (2024 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2024 426,226 63,947 34,561
Additions - 1,985 -
At 31 March 2025 426,226 65,932 34,561
DEPRECIATION
At 1 April 2024 52,947 49,923 17,154
Charge for year 8,525 3,202 3,481
At 31 March 2025 61,472 53,125 20,635
NET BOOK VALUE
At 31 March 2025 364,754 12,807 13,926
At 31 March 2024 373,279 14,024 17,407

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 214,503 8,032 747,269
Additions - - 1,985
At 31 March 2025 214,503 8,032 749,254
DEPRECIATION
At 1 April 2024 96,664 7,178 223,866
Charge for year 29,460 282 44,950
At 31 March 2025 126,124 7,460 268,816
NET BOOK VALUE
At 31 March 2025 88,379 572 480,438
At 31 March 2024 117,839 854 523,403

Moorland Carpets Limited (Registered number: 04789397)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 343,756 342,866
Amounts recoverable on contract - 7,032
Other debtors 10,955 8,845
354,711 358,743

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 25,324 23,558
Hire purchase contracts and finance leases 17,373 16,108
Trade creditors 68,415 78,690
Taxation and social security 113,740 90,864
Other creditors 3,431 15,861
228,283 225,081

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 295,821 321,024
Hire purchase contracts and finance leases 85,139 102,512
380,960 423,536

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 215,708 238,109

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank loans 321,145 344,582

The bank loans are secured by fixed and floating charges over the company's properties.