Company Registration No. 02171624 (England and Wales)
The Carpet Bureau Limited
Unaudited accounts
for the year ended 31 December 2024
The Carpet Bureau Limited
Unaudited accounts
Contents
The Carpet Bureau Limited
Company Information
for the year ended 31 December 2024
Directors
Mr Zachary Robison
Mr James Robison
Company Number
02171624 (England and Wales)
Registered Office
222 Battersea Park Road
London
SW11 4ND
Accountants
Jerome Associates Ltd
Cherry Tree Barn
Newchurch
Kington
Herefordshire
HR5 3QF
The Carpet Bureau Limited
Statement of financial position
as at 31 December 2024
Tangible assets
26,408
66,035
Inventories
100,417
80,598
Cash at bank and in hand
123,865
220,143
Creditors: amounts falling due within one year
(123,673)
(179,425)
Net current assets
205,872
743,498
Total assets less current liabilities
232,280
809,533
Provisions for liabilities
Deferred tax
(2,829)
(5,366)
Net assets
229,451
804,167
Called up share capital
12
50
Capital redemption reserve
88
50
Profit and loss account
229,351
804,067
Shareholders' funds
229,451
804,167
For the year ending 31 December 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 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 12 June 2025 and were signed on its behalf by
Mr James Robison
Director
Company Registration No. 02171624
The Carpet Bureau Limited
Notes to the Accounts
for the year ended 31 December 2024
The Carpet Bureau Limited is a private company, limited by shares, registered in England and Wales, registration number 02171624. The registered office is 222 Battersea Park Road, London, SW11 4ND.
2
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.
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
15% reducing balance basis
Motor vehicles
25% reducing balance basis
Inventories have 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.
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.
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.
The Carpet Bureau Limited
Notes to the Accounts
for the year ended 31 December 2024
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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2024
209,107
87,791
296,898
Disposals
-
(54,508)
(54,508)
At 31 December 2024
209,940
33,283
243,223
At 1 January 2024
188,964
41,899
230,863
Charge for the year
5,248
3,425
8,673
On disposals
-
(22,721)
(22,721)
At 31 December 2024
194,212
22,603
216,815
At 31 December 2024
15,728
10,680
26,408
At 31 December 2023
20,143
45,892
66,035
Amounts falling due within one year
Trade debtors
70,856
84,466
Accrued income and prepayments
34,407
33,982
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Investments held as current assets
2024
2023
Unlisted investments
-
503,734
Current asset investments were comprised entirely of cash fixed term deposits of more than 3 months. As at the balance sheet date, the average time to maturity was 0 months. The effective interest rate method was used to accrue interest in the correct period.
The Carpet Bureau Limited
Notes to the Accounts
for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
66,048
65,477
Taxes and social security
63,232
88,296
Loans from directors
(12,104)
(5,583)
Allotted, called up and fully paid:
12 Ordinary shares of £1 each
12
50
9
Operating lease commitments
2024
2023
At 31 December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
16,417
13,590
Later than one year and not later than five years
2,310
12,457
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan account
(8,309)
127,101
118,792
-
Loan account
6,948
55,000
58,292
3,656
Loan account
6,948
9,527
8,202
8,273
5,587
191,628
185,286
11,929
The company made advances during the year to the directors, and no interest was charged on the outstanding loans as at the balance sheet date.
11
Average number of employees
During the year the average number of employees was 6 (2023: 6).