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REGISTERED NUMBER: 08272654 (England and Wales)















CARPET & SLUMBER MILL LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024






CARPET & SLUMBER MILL LIMITED (REGISTERED NUMBER: 08272654)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARPET & SLUMBER MILL LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: G A Toomes
K B Gillespie





REGISTERED OFFICE: Carpet Mill
Pellon Lane
Halifax
West Yorkshire
HX1 5SP





REGISTERED NUMBER: 08272654 (England and Wales)





ACCOUNTANTS: SMH Sheards
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

CARPET & SLUMBER MILL LIMITED (REGISTERED NUMBER: 08272654)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 104,202 92,653
Investments 5 46,710 11,601
150,912 104,254

CURRENT ASSETS
Stocks 101,934 109,897
Debtors 6 2,668 10,279
Cash at bank and in hand 58,017 29,793
162,619 149,969
CREDITORS
Amounts falling due within one year 7 (194,494 ) (150,020 )
NET CURRENT LIABILITIES (31,875 ) (51 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,037

104,203

CREDITORS
Amounts falling due after more than one
year

8

(4,409

)

(14,930

)

PROVISIONS FOR LIABILITIES 11 (30,655 ) (18,315 )
NET ASSETS 83,973 70,958

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 12 27,083 -
Retained earnings 56,888 70,956
SHAREHOLDERS' FUNDS 83,973 70,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

CARPET & SLUMBER MILL LIMITED (REGISTERED NUMBER: 08272654)

BALANCE SHEET - continued
31 December 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 20 May 2025 and were signed on its behalf by:




G A Toomes - Director



K B Gillespie - Director


CARPET & SLUMBER MILL LIMITED (REGISTERED NUMBER: 08272654)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024


1. STATUTORY INFORMATION

Carpet & Slumber Mill 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is represented by the invoiced sales of products and/or services, excluding VAT, which are recognised when the products and/or services are provided.

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 - 20% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade creditors, bank loans, finance leases and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.


CARPET & SLUMBER MILL LIMITED (REGISTERED NUMBER: 08272654)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


2. ACCOUNTING POLICIES - continued
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.

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.

Investments
Investments are initially recorded at transaction price, and at each year end they are valued at their fair value as represented by market value, through the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 19 ) .

CARPET & SLUMBER MILL LIMITED (REGISTERED NUMBER: 08272654)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 243,499
Additions 38,616
Disposals (9,221 )
At 31 December 2024 272,894
DEPRECIATION
At 1 January 2024 150,846
Charge for year 24,721
Eliminated on disposal (6,875 )
At 31 December 2024 168,692
NET BOOK VALUE
At 31 December 2024 104,202
At 31 December 2023 92,653

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2024 11,601
Revaluations 35,109
At 31 December 2024 46,710
NET BOOK VALUE
At 31 December 2024 46,710
At 31 December 2023 11,601

Cost or valuation at 31 December 2024 is represented by:

Other
investments
£   
Valuation in 2024 46,710

CARPET & SLUMBER MILL LIMITED (REGISTERED NUMBER: 08272654)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 249 -
Other debtors 2,419 10,279
2,668 10,279

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,397 10,000
Trade creditors 94,185 59,175
Taxation and social security 39,436 39,544
Other creditors 50,476 41,301
194,494 150,020

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 4,409 14,930

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Between one and five years 97,375 125,875
In more than five years 281,250 306,250
378,625 432,125

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 14,806 24,930

The bank loan is secured by a guarantee from the Directors.

BBLS loans are secured under government backed initiatives.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 30,655 18,315

CARPET & SLUMBER MILL LIMITED (REGISTERED NUMBER: 08272654)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2024 18,315
Charge to Income Statement during year 12,340
Balance at 31 December 2024 30,655

12. RESERVES
Fair
value
reserve
£   
Revaluation in year 35,109
Deferred tax adjustment (8,026 )

At 31 December 2024 27,083

13. RELATED PARTY DISCLOSURES

Creditors includes loans due to directors totalling £42,928 (2023: £32,230). The loans are interest free and payable when funds permit.