REGISTERED NUMBER: 05983196 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

J And D Carpets Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J F Taylor

D Taylor

SECRETARY:

D Taylor

REGISTERED OFFICE:

Main Road Garage

Front Street

Framwellgate Moor

Durham

County Durham

DH1 5EJ

REGISTERED NUMBER:

05983196 (England and Wales)

ACCOUNTANTS:

Inspire Chartered Accountants

6 Queens Court

Third Avenue

Team Valley

Gateshead

Tyne and Wear

NE11 0BU

FIXED ASSETS

Tangible assets

4

191,313

153,627

CURRENT ASSETS

Stocks

25,790

24,560

Debtors

5

84,972

99,585

Cash at bank and in hand

240,333

210,031

351,095

334,176

CREDITORS

Amounts falling due within one year

6

207,634

142,165

NET CURRENT ASSETS

143,461

192,011

TOTAL ASSETS LESS CURRENT LIABILITIES

334,774

345,638

CREDITORS

Amounts falling due after more than one year

7

(59,927

)

(30,092

)

PROVISIONS FOR LIABILITIES

(29,659

)

(38,246

)

NET ASSETS

245,188

277,300

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

245,088

277,200

SHAREHOLDERS' FUNDS

245,188

277,300

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.

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 18 September 2025 and were signed on its behalf by:

J F Taylor - Director

1.	STATUTORY INFORMATION

J And D 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.

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

-

20% to 33% on cost

Motor vehicles

-

25% 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 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2024

259,007

56,625

315,632

Additions

516

96,990

97,506

At 31 December 2024

259,523

153,615

413,138

DEPRECIATION

At 1 January 2024

150,208

11,797

162,005

Charge for year

39,789

20,031

59,820

At 31 December 2024

189,997

31,828

221,825

NET BOOK VALUE

At 31 December 2024

69,526

121,787

191,313

At 31 December 2023

108,799

44,828

153,627

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

54,054

63,399

Other debtors

30,918

36,186

84,972

99,585

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

5,556

5,556

Hire purchase contracts

8,955

-

Trade creditors

102,020

76,889

Taxation and social security

57,010

26,023

Other creditors

34,093

33,697

207,634

142,165

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

24,537

30,092

Hire purchase contracts

35,390

-

59,927

30,092