2023-09-01 05922506 2024-08-31 05922506 2023-09-01 2024-08-31 05922506 2023-08-31 05922506 2022-09-01 2023-08-31 05922506 uk-core:WithinOneYear 2023-08-31 05922506 uk-core:WithinOneYear 2024-08-31 05922506 uk-core:AfterOneYear 2023-08-31 05922506 uk-core:AfterOneYear 2024-08-31 05922506 uk-core:ShareCapital 2024-08-31 05922506 uk-core:ShareCapital 2023-08-31 05922506 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 05922506 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 05922506 uk-bus:Director1 2023-09-01 2024-08-31 05922506 uk-core:PlantMachinery 2023-09-01 2024-08-31 05922506 uk-core:CommercialMotorVehicles 2023-09-01 2024-08-31 05922506 uk-core:CommercialMotorVehicles 2023-08-31 05922506 uk-core:PlantMachinery 2023-08-31 05922506 uk-core:PlantMachinery 2024-08-31 05922506 uk-core:CommercialMotorVehicles 2024-08-31 05922506 uk-core:WithinOneYear uk-core:Secured 2024-08-31 05922506 uk-core:WithinOneYear uk-core:Secured 2023-08-31 iso4217:GBP xbrli:pure 05922506 uk-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 05922506 uk-bus:FRS102 2023-09-01 2024-08-31 05922506 uk-bus:FilletedAccounts 2023-09-01 2024-08-31 05922506 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31
RIGHT PRICE CARPETS (UK) LTD
Registered Number:05922506
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
05922506
As at 31 August 2024
RIGHT PRICE CARPETS (UK) LTD
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
39,966
49,158
2
39,966
49,158
Current assets
Inventories
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
Capital and reserves
Called up share capital
100
100
Retained earnings
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.
MR A PRIOR Director
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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4
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.
Registered address:
20 CUMBERLAND ROAD
LINTHORPE VILLAGE
MIDDLESBROUGH
TS5 6HZ
The presentation currency is £ sterling.
1. Accounting policies
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
20% Reducing balance
20% Reducing balance
Motor Vehicles
2. Property, plant and equipment
Total
Motor
Vehicles
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 September 2023
101,043
67,006
34,037
800
-
800
Additions
At 31 August 2024
34,837
67,006
101,843
Provision for depreciation and impairment
At 01 September 2023
51,885
27,945
23,940
Charge for year
9,992
7,813
2,179
At 31 August 2024
61,877
35,758
26,119
At 31 August 2024
Net book value
8,718
31,248
39,966
At 31 August 2023
10,097
39,061
49,158
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5
For the year ended 31 August 2024
RIGHT PRICE CARPETS (UK) LTD
Notes to the Financial Statements Continued
3. Inventories
2023
2024
£
£
Stocks
20,500
20,500
4. Trade and other receivables
2023
2024
£
£
Trade debtors
51,261
9,380
Other debtors
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
Trade creditors
28,392
17,780
Taxation and social security
31,295
13,368
Accruals and deferred income
-
500
Directors' loan accounts
3,141
137
Obligations under HP/Financial leases
4,487
4,738
Other creditors
-
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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