Crawley Carpet Warehouse Limited 07837026 false 2023-12-01 2024-11-30 2024-11-30 The principal activity of the company is Carpet retail Digita Accounts Production Advanced 6.30.9574.0 true 07837026 2023-12-01 2024-11-30 07837026 2024-11-30 07837026 bus:OrdinaryShareClass1 2024-11-30 07837026 core:CurrentFinancialInstruments 2024-11-30 07837026 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 07837026 core:Non-currentFinancialInstruments core:AfterOneYear 2024-11-30 07837026 core:FurnitureFittingsToolsEquipment 2024-11-30 07837026 core:MotorVehicles 2024-11-30 07837026 bus:SmallEntities 2023-12-01 2024-11-30 07837026 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 07837026 bus:FilletedAccounts 2023-12-01 2024-11-30 07837026 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 07837026 bus:RegisteredOffice 2023-12-01 2024-11-30 07837026 bus:Director1 2023-12-01 2024-11-30 07837026 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 07837026 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 07837026 core:FurnitureFittingsToolsEquipment 2023-12-01 2024-11-30 07837026 core:MotorVehicles 2023-12-01 2024-11-30 07837026 countries:England 2023-12-01 2024-11-30 07837026 2023-11-30 07837026 core:FurnitureFittingsToolsEquipment 2023-11-30 07837026 core:MotorVehicles 2023-11-30 07837026 2022-12-01 2023-11-30 07837026 2023-11-30 07837026 bus:OrdinaryShareClass1 2023-11-30 07837026 core:CurrentFinancialInstruments 2023-11-30 07837026 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 07837026 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 07837026 core:FurnitureFittingsToolsEquipment 2023-11-30 07837026 core:MotorVehicles 2023-11-30 iso4217:GBP xbrli:pure xbrli:shares

Crawley Carpet Warehouse Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2024

Registration number: 07837026

 

Crawley Carpet Warehouse Limited

Contents

Statement of financial position

1

Notes to the Unaudited Financial Statements

2 to 5

 

Crawley Carpet Warehouse Limited

(Registration number: 07837026)
Statement of financial position as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,648

2,198

Current assets

 

Debtors

5

48,306

49,010

Cash at bank and in hand

 

5,518

4,845

 

53,824

53,855

Creditors: Amounts falling due within one year

6

(35,081)

(31,069)

Net current assets

 

18,743

22,786

Total assets less current liabilities

 

20,391

24,984

Creditors: Amounts falling due after more than one year

6

(10,828)

(20,828)

Provisions for liabilities

(313)

(418)

Net assets

 

9,250

3,738

Capital and reserves

 

Called up share capital

7

200

200

Retained earnings

9,050

3,538

Shareholders' funds

 

9,250

3,738

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 28 August 2025 and signed on its behalf by:
 

.........................................
Mr P Russell
Director

 

Crawley Carpet Warehouse Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 5 Little Park Ent Centre
Charlwood Road
Ifield
West Sussex
RH11 0JZ

These financial statements were authorised for issue by the Board on 28 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Crawley Carpet Warehouse Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings & equipment

25% reducing balance

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Crawley Carpet Warehouse Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2023

826

19,551

20,377

At 30 November 2024

826

19,551

20,377

Depreciation

At 1 December 2023

797

17,382

18,179

Charge for the year

7

543

550

At 30 November 2024

804

17,925

18,729

Carrying amount

At 30 November 2024

22

1,626

1,648

At 30 November 2023

29

2,169

2,198

5

Debtors

Current

2024
£

2023
£

Trade debtors

176

-

Other debtors

48,130

49,010

 

48,306

49,010

 

Crawley Carpet Warehouse Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9,747

9,747

Trade creditors

 

8,308

3,985

Taxation and social security

 

14,276

15,496

Accruals and deferred income

 

2,750

1,500

Other creditors

 

-

341

 

35,081

31,069

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10,828

20,828

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

200

200

200

200