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REGISTERED NUMBER: 08646849 (England and Wales)















BALFOUR CARPETS LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024






BALFOUR CARPETS LTD (REGISTERED NUMBER: 08646849)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BALFOUR CARPETS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTOR: R J Jackson





REGISTERED OFFICE: 505 Staniforth Road
Sheffield
S9 4RA





REGISTERED NUMBER: 08646849 (England and Wales)





ACCOUNTANTS: W H Prior
Chartered Certified Accountants
Railway Court
Off Ten Pound Walk
Doncaster
South Yorkshire
DN4 5FB

BALFOUR CARPETS LTD (REGISTERED NUMBER: 08646849)

BALANCE SHEET
31ST AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 33,750 37,500
Tangible assets 5 75,653 48,866
109,403 86,366

CURRENT ASSETS
Stocks 282,949 239,000
Debtors 6 43,158 107,411
Cash at bank and in hand 553,651 432,001
879,758 778,412
CREDITORS
Amounts falling due within one year 7 126,726 95,489
NET CURRENT ASSETS 753,032 682,923
TOTAL ASSETS LESS CURRENT
LIABILITIES

862,435

769,289

PROVISIONS FOR LIABILITIES 18,914 12,216
NET ASSETS 843,521 757,073

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 843,421 756,973
SHAREHOLDERS' FUNDS 843,521 757,073

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 15th August 2025 and were signed by:



R J Jackson - Director


BALFOUR CARPETS LTD (REGISTERED NUMBER: 08646849)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024


1. STATUTORY INFORMATION

Balfour Carpets 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

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.

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.

BALFOUR CARPETS LTD (REGISTERED NUMBER: 08646849)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st September 2023
and 31st August 2024 75,000
AMORTISATION
At 1st September 2023 37,500
Amortisation for year 3,750
At 31st August 2024 41,250
NET BOOK VALUE
At 31st August 2024 33,750
At 31st August 2023 37,500

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st September 2023 974 4,139 108,187 21,778 135,078
Additions - 2,625 54,235 1,532 58,392
Disposals - - (48,203 ) - (48,203 )
At 31st August 2024 974 6,764 114,219 23,310 145,267
DEPRECIATION
At 1st September 2023 974 2,367 62,076 20,795 86,212
Charge for year - 1,011 14,574 1,086 16,671
Eliminated on disposal - - (33,269 ) - (33,269 )
At 31st August 2024 974 3,378 43,381 21,881 69,614
NET BOOK VALUE
At 31st August 2024 - 3,386 70,838 1,429 75,653
At 31st August 2023 - 1,772 46,111 983 48,866

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 34,776 88,638
Other debtors 8,382 18,773
43,158 107,411

BALFOUR CARPETS LTD (REGISTERED NUMBER: 08646849)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 60,606 54,280
Taxation and social security 58,087 33,985
Other creditors 8,033 7,224
126,726 95,489

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st August 2024 and 31st August 2023:

2024 2023
£    £   
R J Jackson
Balance outstanding at start of year 9,619 58,283
Amounts advanced 6,337 11,336
Amounts repaid (19,750 ) (60,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,794 ) 9,619