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REGISTERED NUMBER: 08389250 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

The Carpet Company (Sw) Ltd

The Carpet Company (Sw) Ltd (Registered number: 08389250)






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


The Carpet Company (Sw) Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTOR: M Whitlock





REGISTERED OFFICE: G8 Lynch Lane Offices
Lynch Lane
Weymouth
Dorset
DT4 9DN





REGISTERED NUMBER: 08389250 (England and Wales)





ACCOUNTANTS: RWB Tax Consultants Limited
G8 Lynch Lane Offices
79 Lynch Lane
Weymouth
Dorset
DT4 9DN

The Carpet Company (Sw) Ltd (Registered number: 08389250)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 20,630 38,497
20,630 38,497

CURRENT ASSETS
Stocks 6 500 1,000
Debtors 7 28,952 21,347
Cash at bank 73,056 55,556
102,508 77,903
CREDITORS
Amounts falling due within one year 8 93,234 105,805
NET CURRENT ASSETS/(LIABILITIES) 9,274 (27,902 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,904

10,595

PROVISIONS FOR LIABILITIES 5,467 -
NET ASSETS 24,437 10,595

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 24,337 10,495
SHAREHOLDERS' FUNDS 24,437 10,595

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 director acknowledges his 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.

The Carpet Company (Sw) Ltd (Registered number: 08389250)

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 director and authorised for issue on 30 May 2025 and were signed by:





M Whitlock - Director


The Carpet Company (Sw) Ltd (Registered number: 08389250)

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

1. STATUTORY INFORMATION

The Carpet Company (Sw) Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.


The Carpet Company (Sw) Ltd (Registered number: 08389250)

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

2. ACCOUNTING POLICIES - continued
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.

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 4 (2024 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 10,000
AMORTISATION
At 1 April 2024
and 31 March 2025 10,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

The Carpet Company (Sw) Ltd (Registered number: 08389250)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 8,418 11,000 97,616 641 117,675
Additions - - 14,750 - 14,750
Disposals - - (61,000 ) - (61,000 )
At 31 March 2025 8,418 11,000 51,366 641 71,425
DEPRECIATION
At 1 April 2024 4,884 5,275 68,404 615 79,178
Charge for year 885 1,431 4,557 9 6,882
Eliminated on disposal - - (35,265 ) - (35,265 )
At 31 March 2025 5,769 6,706 37,696 624 50,795
NET BOOK VALUE
At 31 March 2025 2,649 4,294 13,670 17 20,630
At 31 March 2024 3,534 5,725 29,212 26 38,497

6. STOCKS
31.3.25 31.3.24
£    £   
Stocks 500 1,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 28,582 18,707
Other debtors 370 370
Directors' current accounts - 2,270
28,952 21,347

The Carpet Company (Sw) Ltd (Registered number: 08389250)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 12,540 21,686
Hire purchase contracts - 42,242
Trade creditors 24,403 14,145
Tax 18,785 3,628
Social security and other taxes 3,759 4,436
VAT 5,920 5,757
Other creditors 25,466 12,811
Directors' current accounts 1,236 -
Accrued expenses 1,125 1,100
93,234 105,805

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
100 Ordinary 1 100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
M Whitlock
Balance outstanding at start of year 2,270 (4,088 )
Amounts advanced - 6,670
Amounts repaid (3,506 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,236 ) 2,270