REGISTERED NUMBER: 06030962 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

KILEYS CARPETS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs G Garrett

S Garrett

G W Robinson

L S Cooper

M L Sands

REGISTERED OFFICE:

Sussex Barn

New Road

Hellingly

Hailsham

East Sussex

BN27 4EW

REGISTERED NUMBER:

06030962 (England and Wales)

ACCOUNTANTS:

Aequitas Limited

Sussex Barn

New Road

Hellingly

Hailsham

East Sussex

BN27 4EW

FIXED ASSETS

Tangible assets

4

45,086

37,120

CURRENT ASSETS

Stocks

7,724

7,604

Debtors

5

158,070

138,532

Cash at bank

69,985

95,349

235,779

241,485

CREDITORS

Amounts falling due within one year

6

183,267

148,930

NET CURRENT ASSETS

52,512

92,555

TOTAL ASSETS LESS CURRENT LIABILITIES

97,598

129,675

CREDITORS

Amounts falling due after more than one year

7

32,882

46,084

NET ASSETS

64,716

83,591

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

64,713

83,588

SHAREHOLDERS' FUNDS

64,716

83,591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2025 and were signed on its behalf by:

S Garrett - Director

G W Robinson - Director

1.	STATUTORY INFORMATION

Kileys Carpets 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

-

25% on reducing balance

Motor vehicles

-

25% 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 tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 statement of financial position date.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2024

530

125,906

126,436

Additions

-

22,995

22,995

At 31 March 2025

530

148,901

149,431

DEPRECIATION

At 1 April 2024

493

88,823

89,316

Charge for year

9

15,020

15,029

At 31 March 2025

502

103,843

104,345

NET BOOK VALUE

At 31 March 2025

28

45,058

45,086

At 31 March 2024

37

37,083

37,120

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

153,059

134,562

Other debtors

5,011

3,970

158,070

138,532

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

20,000

20,000

Hire purchase contracts

13,131

8,532

Trade creditors

63,046

48,071

Taxation and social security

84,562

69,611

Other creditors

2,528

2,716

183,267

148,930

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

3,333

23,333

Hire purchase contracts

29,549

22,751

32,882

46,084