| RIGHT PRICE CARPETS (UK) LTD |
| Registered Number:05922506 |
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 August 2024
RIGHT PRICE CARPETS (UK) LTD
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
RIGHT PRICE CARPETS (UK) LTD
Statement of Financial Position
2023
2024
| Property, plant and equipment |
39,966
49,158
2
39,966
49,158
20,500
20,500
3
| Trade and other receivables |
9,380
59,013
4
13,636
| Cash and cash equivalents |
6,479
85,992
43,516
| Trade and other payables: amounts falling due within one |
| year |
(52,132)
(74,639)
5
(8,616)
11,353
Net current assets
| Total assets less current liabilities |
51,319
40,542
| Trade and other payables: amounts falling due after more |
| than one year |
(16,758)
(2,992)
6
48,327
Net assets
23,784
100
100
48,227
23,684
48,327
23,784
Shareholders' funds
| For the year ended 31 August 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 14 May 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 August 2024
RIGHT PRICE CARPETS (UK) LTD
Notes to the Financial Statements
Statutory Information
| RIGHT PRICE CARPETS (UK) LTD is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 05922506. |
20 CUMBERLAND ROAD
LINTHORPE VILLAGE
MIDDLESBROUGH
TS5 6HZ
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Motor Vehicles
| 2. Property, plant and equipment |
101,043
67,006
34,037
800
-
800
34,837
67,006
101,843
| Provision for depreciation and impairment |
51,885
27,945
23,940
Charge for year
9,992
7,813
2,179
61,877
35,758
26,119
8,718
31,248
39,966
10,097
39,061
49,158
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For the year ended 31 August 2024
RIGHT PRICE CARPETS (UK) LTD
Notes to the Financial Statements Continued
2023
2024
20,500
20,500
| 4. Trade and other receivables |
2023
2024
51,261
9,380
7,752
-
9,380
59,013
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
| Bank loans and overdraft (secured) |
7,324
8,400
28,392
17,780
| Taxation and social security |
31,295
13,368
| Accruals and deferred income |
-
500
3,141
137
| Obligations under HP/Financial leases |
4,487
4,738
-
7,209
74,639
52,132
| 6. Trade and other payables: amounts falling due after more than one year |
2023
2024
| Bank loans and overdraft (secured) |
-
9,280
7,478
2,992
| Obligations under HP/Financial leases |
2,992
16,758
| 7. Average number of persons employed |
During the year the average number of employees was 2 (2023 : 2)
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