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REGISTERED NUMBER: 13043969 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

TRENDY CARPETS & FLOORING LTD

TRENDY CARPETS & FLOORING LTD (REGISTERED NUMBER: 13043969)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRENDY CARPETS & FLOORING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Mr Paramjit Singh
Mrs Jasbinder Kaur





SECRETARY:





REGISTERED OFFICE: 21-22 Upper High Street
Wednesbury
West Midlands
WS10 7HQ





REGISTERED NUMBER: 13043969 (England and Wales)





ACCOUNTANTS: Ark&Co Ltd
Chartered Accountants & Chartered Tax Advisers
The Maltings
2 Anderson Rd
Bearwood
Birmingham
West Midlands
B66 4AR

TRENDY CARPETS & FLOORING LTD (REGISTERED NUMBER: 13043969)

BALANCE SHEET
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,423 14,441

CURRENT ASSETS
Stocks 5 71,808 55,830
Debtors 6 71,654 51,010
Cash at bank and in hand 172,200 184,802
315,662 291,642
CREDITORS
Amounts falling due within one year 7 169,744 190,670
NET CURRENT ASSETS 145,918 100,972
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,341

115,413

PROVISIONS FOR LIABILITIES 8 6,235 2,139
NET ASSETS 175,106 113,274

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 175,006 113,174
SHAREHOLDERS' FUNDS 175,106 113,274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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.

TRENDY CARPETS & FLOORING LTD (REGISTERED NUMBER: 13043969)

BALANCE SHEET - continued
30 NOVEMBER 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 Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:





Mr Paramjit Singh - Director


TRENDY CARPETS & FLOORING LTD (REGISTERED NUMBER: 13043969)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Trendy Carpets & Flooring 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% 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 year 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 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 defined contribution 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 6 (2023 - 5 ) .

TRENDY CARPETS & FLOORING LTD (REGISTERED NUMBER: 13043969)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 December 2023 18,028 - 2,388 20,416
Additions 21,829 2,842 2,563 27,234
At 30 November 2024 39,857 2,842 4,951 47,650
DEPRECIATION
At 1 December 2023 5,513 - 462 5,975
Charge for year 5,152 426 674 6,252
At 30 November 2024 10,665 426 1,136 12,227
NET BOOK VALUE
At 30 November 2024 29,192 2,416 3,815 35,423
At 30 November 2023 12,515 - 1,926 14,441

5. STOCKS
30.11.24 30.11.23
£    £   
Stocks 71,808 55,830

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 71,654 51,010

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 80,597 92,884
Tax 36,134 27,800
Social security and other taxes (2,849 ) (3,237 )
Wages Control 6,820 7,652
Pensions 372 78
Attachment of earnings 166 -
VAT 17,371 10,383
Directors' current accounts 29,033 54,060
Accrued expenses 2,100 1,050
169,744 190,670

TRENDY CARPETS & FLOORING LTD (REGISTERED NUMBER: 13043969)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


8. PROVISIONS FOR LIABILITIES
30.11.24 30.11.23
£    £   
Deferred tax 6,235 2,139

Deferred
tax
£   
Balance at 1 December 2023 2,139
Provided during year 4,096
Balance at 30 November 2024 6,235

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
100 Ordinary Shares 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 December 2023 113,174
Profit for the year 131,832
Dividends (70,000 )
At 30 November 2024 175,006