Company Registration No. 09499055 (England and Wales)
Trevor Smith Carpet And Flooring Limited
Unaudited accounts
for the year ended 31 March 2025
Trevor Smith Carpet And Flooring Limited
Unaudited accounts
Contents
Trevor Smith Carpet And Flooring Limited
Company Information
for the year ended 31 March 2025
Directors
Johanna Smith
Trevor Smith
Company Number
09499055 (England and Wales)
Registered Office
33a Oldmixon Crescent
Weston-Super-Mare
Somerset
BS24 9BA
England
Accountants
Wheatley Tax
8 Calluna Close
Wick-st-Lawrence
Weston-super-Mare
Somerset
BS22 9TS
Trevor Smith Carpet And Flooring Limited
Statement of financial position
as at 31 March 2025
Tangible assets
28,193
42,645
Cash at bank and in hand
38,215
45,652
Creditors: amounts falling due within one year
(45,639)
(42,444)
Net current assets
11,058
19,345
Total assets less current liabilities
39,251
61,990
Creditors: amounts falling due after more than one year
(33,365)
(53,434)
Provisions for liabilities
Deferred tax
(5,779)
(8,039)
Called up share capital
100
100
Profit and loss account
7
417
Shareholders' funds
107
517
For the year ending 31 March 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2025 and were signed on its behalf by
Johanna Smith
Director
Company Registration No. 09499055
Trevor Smith Carpet And Flooring Limited
Notes to the Accounts
for the year ended 31 March 2025
Trevor Smith Carpet And Flooring Limited is a private company, limited by shares, registered in England and Wales, registration number 09499055. The registered office is 33a Oldmixon Crescent, Weston-Super-Mare, Somerset, BS24 9BA, England. The company is in the process of being wound up.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
25% Straight Line
Fixtures & fittings
25% Straight Line
Stock has been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Trevor Smith Carpet And Flooring Limited
Notes to the Accounts
for the year ended 31 March 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
7,881
89,469
12,613
109,963
At 31 March 2025
7,881
89,469
12,613
109,963
At 1 April 2024
4,293
52,678
10,347
67,318
Charge for the year
1,223
12,264
965
14,452
At 31 March 2025
5,516
64,942
11,312
81,770
At 31 March 2025
2,365
24,527
1,301
28,193
At 31 March 2024
3,588
36,791
2,266
42,645
Amounts falling due within one year
Accrued income and prepayments
1,413
3,229
Other debtors
13,278
9,472
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
8,177
7,978
Obligations under finance leases and hire purchase contracts
11,221
10,748
Trade creditors
3,660
9,665
Taxes and social security
12,528
6,021
Trevor Smith Carpet And Flooring Limited
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
31,788
43,481
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
9,472
13,278
9,472
13,278
The directors loan accounts were repaid within 9 months of the year end.
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Average number of employees
During the year the average number of employees was 3 (2024: 3).