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REGISTERED NUMBER: 08872054 (England and Wales)






















West Derby Carpets Online Ltd

Unaudited Financial Statements

for the Period 31 August 2023 to 29 August 2024






West Derby Carpets Online Ltd (Registered number: 08872054)






Contents of the Financial Statements
for the period 31 August 2023 to 29 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


West Derby Carpets Online Ltd

Company Information
for the period 31 August 2023 to 29 August 2024







DIRECTOR: R L Mansfield





REGISTERED OFFICE: 269 Blackmoor Drive
West Derby
Liverpool
Merseyside
L12 3HA





REGISTERED NUMBER: 08872054 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
13a Duke Street
Southport
Merseyside
PR8 1LS

West Derby Carpets Online Ltd (Registered number: 08872054)

Balance Sheet
29 August 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 17,182 17,039
Tangible assets 5 410,830 411,998
428,012 429,037

CURRENT ASSETS
Stocks 23,000 24,800
Debtors 6 6,337 33,257
Cash at bank 212,344 133,543
241,681 191,600
CREDITORS
Amounts falling due within one year 7 (338,440 ) (268,507 )
NET CURRENT LIABILITIES (96,759 ) (76,907 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

331,253

352,130

CREDITORS
Amounts falling due after more than one year 8 (176,542 ) (187,090 )

PROVISIONS FOR LIABILITIES 10 (33,428 ) (33,685 )
NET ASSETS 121,283 131,355

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 83,700 83,700
Retained earnings 37,483 47,555
SHAREHOLDERS' FUNDS 121,283 131,355

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 August 2024 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.

West Derby Carpets Online Ltd (Registered number: 08872054)

Balance Sheet - continued
29 August 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 director and authorised for issue on 17 June 2025 and were signed by:





R L Mansfield - Director


West Derby Carpets Online Ltd (Registered number: 08872054)

Notes to the Financial Statements
for the period 31 August 2023 to 29 August 2024

1. STATUTORY INFORMATION

West Derby Carpets Online 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.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% 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 period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

West Derby Carpets Online Ltd (Registered number: 08872054)

Notes to the Financial Statements - continued
for the period 31 August 2023 to 29 August 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 31 August 2023 21,070
Additions 2,500
At 29 August 2024 23,570
AMORTISATION
At 31 August 2023 4,031
Charge for period 2,357
At 29 August 2024 6,388
NET BOOK VALUE
At 29 August 2024 17,182
At 30 August 2023 17,039

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Improvements and Computer
property to property fittings equipment Totals
£ £ £ £ £
COST OR VALUATION
At 31 August 2023
and 29 August 2024 400,000 5,900 9,578 4,968 420,446
DEPRECIATION
At 31 August 2023 - - 6,007 2,441 8,448
Charge for period - - 536 632 1,168
At 29 August 2024 - - 6,543 3,073 9,616
NET BOOK VALUE
At 29 August 2024 400,000 5,900 3,035 1,895 410,830
At 30 August 2023 400,000 5,900 3,571 2,527 411,998

Cost or valuation at 29 August 2024 is represented by:

Fixtures
Freehold Improvements and Computer
property to property fittings equipment Totals
£ £ £ £ £
Valuation in 2017 36,600 - - - 36,600
Valuation in 2019 75,000 - - - 75,000
Cost 288,400 5,900 9,578 4,968 308,846
400,000 5,900 9,578 4,968 420,446

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 6,337 10,161
Amounts owed by group undertakings - 23,096
6,337 33,257

West Derby Carpets Online Ltd (Registered number: 08872054)

Notes to the Financial Statements - continued
for the period 31 August 2023 to 29 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 23,041 59,118
Trade creditors 62,849 133,110
Amounts owed to group undertakings 217,751 -
Taxation and social security 25,949 66,729
Other creditors 8,850 9,550
338,440 268,507

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 176,542 187,090

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank overdrafts 8,112 1,886
Bank loans 191,471 244,322
199,583 246,208

The Company's bankers hold a debenture over the Freehold Land & Buildings.

10. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 33,428 33,685

Deferred tax
£
Balance at 31 August 2023 33,685
Provided during period (257 )
Balance at 29 August 2024 33,428

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

12. RESERVES
Fair value
reserve
£
At 31 August 2023
and 29 August 2024 83,700