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REGISTERED NUMBER: 07835246 (England and Wales)












Unaudited Financial Statements

For The Year Ended

31 March 2025

for

Edward Walker Carpets Limited

Edward Walker Carpets Limited (Registered number: 07835246)






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

Accountant's Report 7

Edward Walker Carpets Limited

Company Information
For The Year Ended 31 March 2025







DIRECTORS: E T Walker
Mrs D A Walker



REGISTERED OFFICE: 11 Sandpit Lane
BRAINTREE
Essex
CM7 1LY



REGISTERED NUMBER: 07835246 (England and Wales)



ACCOUNTANT: Alison Hurrell Limited
Unit 6, Cherry Tree Farm
Blackmore End Road
Sible Hedingham
Essex
CO9 3LZ



BANKERS: Barclays Bank PLC
PO Box 3692
WITHAM
Essex
CM8 2AJ

Edward Walker Carpets Limited (Registered number: 07835246)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 21,638 10,578
21,638 10,578

CURRENT ASSETS
Stocks 7,774 8,391
Debtors 6 29,380 50,017
Cash at bank 552,711 510,087
589,865 568,495
CREDITORS
Amounts falling due within one year 7 249,266 282,379
NET CURRENT ASSETS 340,599 286,116
TOTAL ASSETS LESS CURRENT
LIABILITIES

362,237

296,694

PROVISIONS FOR LIABILITIES 5,228 2,401
NET ASSETS 357,009 294,293

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 357,007 294,291
SHAREHOLDERS' FUNDS 357,009 294,293

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 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.

Edward Walker Carpets Limited (Registered number: 07835246)

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 Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:





E T Walker - Director


Edward Walker Carpets Limited (Registered number: 07835246)

Notes to the Financial Statements
For The Year Ended 31 March 2025

1. STATUTORY INFORMATION

Edward Walker Carpets 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.

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 2012, is being amortised evenly over its estimated useful life of ten 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 etc - 25% on reducing balance and 20% 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.

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.

Edward Walker Carpets Limited (Registered number: 07835246)

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

2. ACCOUNTING POLICIES - continued

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 6 (2024 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 22,000
AMORTISATION
At 1 April 2024
and 31 March 2025 22,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 41,366
Additions 19,850
Disposals (11,900 )
At 31 March 2025 49,316
DEPRECIATION
At 1 April 2024 30,788
Charge for year 7,202
Eliminated on disposal (10,312 )
At 31 March 2025 27,678
NET BOOK VALUE
At 31 March 2025 21,638
At 31 March 2024 10,578

Edward Walker Carpets Limited (Registered number: 07835246)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 26,005 46,396
Other debtors 3,375 3,621
29,380 50,017

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 48,116 68,202
Taxation and social security 66,818 53,284
Other creditors 134,332 160,893
249,266 282,379

Accountant's Report to the Board of Directors
on the Unaudited Financial Statements of
Edward Walker Carpets Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Edward Walker Carpets Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member firm of the Chartered Institute of Management Accountants, I are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the Board of Directors of Edward Walker Carpets Limited, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Edward Walker Carpets Limited and state those matters that I have agreed to state to the Board of Directors of Edward Walker Carpets Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Edward Walker Carpets Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Edward Walker Carpets Limited. You consider that Edward Walker Carpets Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Edward Walker Carpets Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.






Alison Hurrell Limited
Unit 6, Cherry Tree Farm
Blackmore End Road
Sible Hedingham
Essex
CO9 3LZ


20 May 2025