Acorah Software Products - Accounts Production 16.2.850 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 11771914 Mr Bradley Gubbins Mr Steve Gubbins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11771914 2023-05-31 11771914 2024-05-31 11771914 2023-06-01 2024-05-31 11771914 frs-core:CurrentFinancialInstruments 2024-05-31 11771914 frs-core:Non-currentFinancialInstruments 2024-05-31 11771914 frs-core:BetweenOneFiveYears 2024-05-31 11771914 frs-core:FurnitureFittings 2024-05-31 11771914 frs-core:FurnitureFittings 2023-06-01 2024-05-31 11771914 frs-core:FurnitureFittings 2023-05-31 11771914 frs-core:MotorVehicles 2024-05-31 11771914 frs-core:MotorVehicles 2023-06-01 2024-05-31 11771914 frs-core:MotorVehicles 2023-05-31 11771914 frs-core:WithinOneYear 2024-05-31 11771914 frs-core:ShareCapital 2024-05-31 11771914 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 11771914 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11771914 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 11771914 frs-bus:SmallEntities 2023-06-01 2024-05-31 11771914 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11771914 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11771914 frs-bus:Director1 2023-06-01 2024-05-31 11771914 frs-bus:Director2 2023-06-01 2024-05-31 11771914 frs-countries:EnglandWales 2023-06-01 2024-05-31 11771914 2022-05-31 11771914 2023-05-31 11771914 2022-06-01 2023-05-31 11771914 frs-core:CurrentFinancialInstruments 2023-05-31 11771914 frs-core:Non-currentFinancialInstruments 2023-05-31 11771914 frs-core:BetweenOneFiveYears 2023-05-31 11771914 frs-core:WithinOneYear 2023-05-31 11771914 frs-core:ShareCapital 2023-05-31 11771914 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 11771914
Carpetmaster Contracts Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Daverns
Chartered Accountants
Hardy House
Northbridge Road
Berkhamsted
Herts
HP4 1EF
Carpetmaster Contracts Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Carpetmaster Contracts Ltd
Balance Sheet
As At 31 May 2024
Balance Sheet
Registered number: 11771914

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 25,774 |  | 34,366
|  |  | 25,774 |  | 34,366
CURRENT ASSETS
Stocks | 5 | 5,119 |  | 4,388 |
Debtors | 6 | 84,457 |  | 84,685 |
Cash at bank and in hand |  | 147,323 |  | 191,872 |
|  | 236,899 |  | 280,945 |
Creditors: Amounts Falling Due Within One Year | 7 | (167,710 ) |  | (154,088 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 69,189 |  | 126,857
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 94,963 |  | 161,223
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (48,381 ) |  | (53,510 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (6,444 ) |  | (8,592 )
NET ASSETS |  |  | 40,138 |  | 99,121
CAPITAL AND RESERVES
Called up share capital | 10 |  | 1 |  | 1
Profit and Loss Account |  |  | 40,137 |  | 99,120
SHAREHOLDERS' FUNDS |  |  | 40,138 |  | 99,121

Page 1
Page 2
Carpetmaster Contracts Ltd
Balance Sheet (continued)
As At 31 May 2024
For the year ending 31 May 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Steve Gubbins Director
25th February 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Carpetmaster Contracts Ltd
Notes to the Financial Statements
For The Year Ended 31 May 2024
Notes to the Financial Statements
1. General Information
Carpetmaster Contracts Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11771914 . The registered office is Hardy House, Unit 1 & 2, Northbridge Road, Berkhamsted, Herts, HP4 1EF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles | 25% reducing balance
Fixtures & Fittings | 25% reducing balance

2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
Carpetmaster Contracts Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2024
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 5)
6 5
4. Tangible Assets

| Motor Vehicles | Fixtures & Fittings | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 June 2023 | 45,190 | 1,124 | 46,314
As at 31 May 2024 | 45,190 | 1,124 | 46,314
Depreciation
As at 1 June 2023 | 11,298 | 650 | 11,948
Provided during the period | 8,473 | 119 | 8,592
As at 31 May 2024 | 19,771 | 769 | 20,540
Net Book Value
As at 31 May 2024 | 25,419 | 355 | 25,774
As at 1 June 2023 | 33,892 | 474 | 34,366

5. Stocks

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Materials | 5,119 |  | 4,388

6. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 58,983 |  | 65,883
Other debtors | 25,474 |  | 18,802
| 84,457 |  | 84,685

7. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 3,993 |  | 2,066
Trade creditors | 31,180 |  | 40,943
Bank loans and overdrafts | - |  | 8,864
Corporation tax | 18,054 |  | 17,710
Other taxes and social security | 17,346 |  | 17,588
Other creditors | 10,802 |  | 11,771
Accruals and deferred income | 73,609 |  | 53,001
Directors' loan accounts | 12,726 |  | 2,145
| 167,710 |  | 154,088

Page 4
Page 5
Carpetmaster Contracts Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2024
8. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 28,381 |  | 32,374
Bank loans | 20,000 |  | 21,136
| 48,381 |  | 53,510

9. Obligations Under Finance Leases and Hire Purchase

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 3,993 |  | 2,066
Later than one year and not later than five years | 28,381 |  | 32,374
| 32,374 |  | 34,440
| 32,374 |  | 34,440

10. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1 |  | 1

11. Directors Advances, Credits and Guarantees
Dividends paid to directors

| 2024 | 2023
--- | --- | ---
| £ | £
Mr Steve Gubbins | 116,750 | 118,500

Page 5