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REGISTERED NUMBER: 04286463 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

High Peak Carpets and Furnishings
Limited

High Peak Carpets and Furnishings
Limited (Registered number: 04286463)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


High Peak Carpets and Furnishings
Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: C Martin





REGISTERED OFFICE: Unit 1
Holker Road
Buxton
Derbyshire
SK17 6QN





REGISTERED NUMBER: 04286463 (England and Wales)





ACCOUNTANTS: DLA Chartered Accountants
36A Market Street
New Mills
High Peak
SK22 4AA

High Peak Carpets and Furnishings
Limited (Registered number: 04286463)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,623 14,876

CURRENT ASSETS
Stocks 9,560 9,545
Cash at bank 146,938 164,448
156,498 173,993
CREDITORS
Amounts falling due within one year 5 53,565 52,183
NET CURRENT ASSETS 102,933 121,810
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,556

136,686

CREDITORS
Amounts falling due after more than one
year

6

11,667

24,710
NET ASSETS 102,889 111,976

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 102,789 111,876
SHAREHOLDERS' FUNDS 102,889 111,976

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 30 June 2025 and were signed by:





C Martin - Director


High Peak Carpets and Furnishings
Limited (Registered number: 04286463)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

High Peak Carpets and Furnishings Limited 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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 5 (2023 - 5 ) .

High Peak Carpets and Furnishings
Limited (Registered number: 04286463)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 109 59,140 682 59,931
Additions - - 700 700
Disposals - - (325 ) (325 )
At 31 October 2024 109 59,140 1,057 60,306
DEPRECIATION
At 1 November 2023 106 44,316 633 45,055
Charge for year - 3,706 246 3,952
Eliminated on disposal - - (324 ) (324 )
At 31 October 2024 106 48,022 555 48,683
NET BOOK VALUE
At 31 October 2024 3 11,118 502 11,623
At 31 October 2023 3 14,824 49 14,876

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 3,043 4,058
Trade creditors 16,894 20,666
Tax 1,683 9,096
Social security and other taxes 349 456
VAT 3,334 3,423
Net Wages 4,936 2,393
Pension control 255 -
Directors' current accounts 11,588 415
Accrued expenses 1,483 1,676
53,565 52,183

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 1,667 11,667
Hire purchase contracts - 3,043
11,667 24,710

7. RELATED PARTY DISCLOSURES

During the year the company paid rent of £7,200 (2023: £7,200) to the director Mr C Martin.