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REGISTERED NUMBER: 07037170 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Castle Carpet Warehouse Limited

Castle Carpet Warehouse Limited (Registered number: 07037170)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Castle Carpet Warehouse Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr S Fletcher
Mrs G W Wilson





SECRETARY: Mr S Fletcher





REGISTERED OFFICE: Banks House
Paradise Street
Rhyl
Denbighshire
LL18 3LW





REGISTERED NUMBER: 07037170 (England and Wales)





ACCOUNTANTS: J V Banks
Chartered Accountants
Banks House
Paradise Street
Rhyl
Denbighshire
LL18 3LW

Castle Carpet Warehouse Limited (Registered number: 07037170)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1
Tangible assets 5 112,029 99,568
112,029 99,569

CURRENT ASSETS
Stocks 77,550 70,500
Debtors 6 79,950 18,955
Cash at bank 338,765 321,186
496,265 410,641
CREDITORS
Amounts falling due within one year 7 206,874 167,551
NET CURRENT ASSETS 289,391 243,090
TOTAL ASSETS LESS CURRENT
LIABILITIES

401,420

342,659

PROVISIONS FOR LIABILITIES 12,033 8,918
NET ASSETS 389,387 333,741

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 389,385 333,739
389,387 333,741

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

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

Castle Carpet Warehouse Limited (Registered number: 07037170)

Balance Sheet - continued
31 December 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 24 July 2025 and were signed on its behalf by:





Mr S Fletcher - Director


Castle Carpet Warehouse Limited (Registered number: 07037170)

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

1. STATUTORY INFORMATION

Castle Carpet Warehouse 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of three years.

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.
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 10% 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 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.

Castle Carpet Warehouse Limited (Registered number: 07037170)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 14 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 20,000
AMORTISATION
At 1 January 2024 19,999
Charge for year 1
At 31 December 2024 20,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 1

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 63,895 8,657 21,666 131,025 225,243
Additions - 10,541 - 15,900 26,441
Disposals - (5,100 ) - - (5,100 )
At 31 December 2024 63,895 14,098 21,666 146,925 246,584
DEPRECIATION
At 1 January 2024 - 3,059 21,103 101,513 125,675
Charge for year - 2,488 141 7,271 9,900
Eliminated on disposal - (1,020 ) - - (1,020 )
At 31 December 2024 - 4,527 21,244 108,784 134,555
NET BOOK VALUE
At 31 December 2024 63,895 9,571 422 38,141 112,029
At 31 December 2023 63,895 5,598 563 29,512 99,568

Castle Carpet Warehouse Limited (Registered number: 07037170)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 73,820 16,803
Other debtors 1,549 1,483
Prepayments 4,581 669
79,950 18,955

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 37,936 24,607
Tax 40,458 27,839
Social security and other taxes 5,765 7,593
VAT 37,709 20,575
Directors' current accounts 82,336 84,297
Accrued expenses 2,670 2,640
206,874 167,551