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REGISTERED NUMBER: 04678356 (England and Wales)















Cirencester Carpet Centre Limited

Financial Statements for the Year Ended 31st March 2025






Cirencester Carpet Centre Limited (Registered number: 04678356)






Contents of the Financial Statements
for the Year Ended 31st March 2025




Page

Balance Sheet 1

Notes to the Financial Statements 3


Cirencester Carpet Centre Limited (Registered number: 04678356)

Balance Sheet
31st March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 101,107 105,542
101,108 105,543

CURRENT ASSETS
Stocks 10,125 8,764
Debtors 6 51,325 53,578
Cash at bank 1,513,301 1,266,780
1,574,751 1,329,122
CREDITORS
Amounts falling due within one year 7 282,146 142,130
NET CURRENT ASSETS 1,292,605 1,186,992
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,393,713

1,292,535

PROVISIONS FOR LIABILITIES 12,142 11,062
NET ASSETS 1,381,571 1,281,473

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Retained earnings 1,356,571 1,256,473
SHAREHOLDERS' FUNDS 1,381,571 1,281,473

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

Cirencester Carpet Centre Limited (Registered number: 04678356)

Balance Sheet - continued
31st 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th July 2025 and were signed on its behalf by:




Mrs T E Prior - Director S Prior - Director




D Prior - Director


Cirencester Carpet Centre Limited (Registered number: 04678356)

Notes to the Financial Statements
for the Year Ended 31st March 2025

1. STATUTORY INFORMATION

Cirencester Carpet Centre Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04678356

Registered office: Chesterton Lane
Cirencester
Gloucestershire
GL7 1YD

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 represents net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill
Goodwill represents the acquisition of Cirencester Carpet Centre.

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.
Warehouse - 5% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on cost

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 Profit and Loss Account, 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.


Cirencester Carpet Centre Limited (Registered number: 04678356)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a money purchase 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 5 (2024 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2024
and 31st March 2025 1
NET BOOK VALUE
At 31st March 2025 1
At 31st March 2024 1

Cirencester Carpet Centre Limited (Registered number: 04678356)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
Warehouse machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st April 2024 192,713 14,440 1,063 94,393 302,609
Additions - 14,550 - - 14,550
Disposals - - - (11,110 ) (11,110 )
At 31st March 2025 192,713 28,990 1,063 83,283 306,049
DEPRECIATION
At 1st April 2024 125,256 12,727 1,012 58,072 197,067
Charge for year 9,635 258 12 9,080 18,985
Eliminated on disposal - - - (11,110 ) (11,110 )
At 31st March 2025 134,891 12,985 1,024 56,042 204,942
NET BOOK VALUE
At 31st March 2025 57,822 16,005 39 27,241 101,107
At 31st March 2024 67,457 1,713 51 36,321 105,542

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 49,594 51,972
Other debtors 1,731 1,606
51,325 53,578

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 87,667 58,253
Taxation and social security 133,159 76,587
Other creditors 61,320 7,290
282,146 142,130