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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
Page
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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
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The Carpet Bureau Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
26,408 
66,035 
Current assets
Inventories
100,417 
80,598 
Debtors
105,263 
118,448 
Investments
- 
503,734 
Cash at bank and in hand
123,865 
220,143 
329,545 
922,923 
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 
Capital and reserves
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
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The Carpet Bureau Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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 taxation
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.
Pension costs
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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The Carpet Bureau Limited Notes to the Accounts for the year ended 31 December 2024
Leased assets
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.
Financial instruments
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.
4
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 
Additions
833 
- 
833 
Disposals
- 
(54,508)
(54,508)
At 31 December 2024
209,940 
33,283 
243,223 
Depreciation
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 
Net book value
At 31 December 2024
15,728 
10,680 
26,408 
At 31 December 2023
20,143 
45,892 
66,035 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
70,856 
84,466 
Accrued income and prepayments
34,407 
33,982 
105,263 
118,448 
6
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.
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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 
Other creditors
597 
1,198 
Loans from directors
(12,104)
(5,583)
Accruals
5,900 
5,850 
Deferred income
- 
24,187 
123,673 
179,425 
8
Share capital
2024 
2023 
£ 
£ 
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 
18,727 
26,047 
10
Loans to directors
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).
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