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Registered number: 06788658
C.W.Jones Carpet & Flooring Limited
Financial Statements
For The Year Ended 28 February 2025
Oakensen (Bristol) Limited
Chartered Accountants
Westbury Court Church Road
Westbury-on-Trym
Bristol
BS9 3EF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06788658
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 692,159 744,644
692,159 744,644
CURRENT ASSETS
Stocks 5 60,250 68,000
Debtors 6 230,479 335,903
Cash at bank and in hand 227,388 251,516
518,117 655,419
Creditors: Amounts Falling Due Within One Year 7 (485,168 ) (650,661 )
NET CURRENT ASSETS (LIABILITIES) 32,949 4,758
TOTAL ASSETS LESS CURRENT LIABILITIES 725,108 749,402
Creditors: Amounts Falling Due After More Than One Year 8 (223,774 ) (237,629 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (21,622 ) (28,160 )
NET ASSETS 479,712 483,613
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 479,612 483,513
SHAREHOLDERS' FUNDS 479,712 483,613
Page 1
Page 2
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
A C Jones
Director
18 September 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
C.W.Jones Carpet & Flooring Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06788658 . The registered office is 10 Vale Lane, Bedminster, Bristol, BS3 5RU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold over 30 years
Leasehold over 10 years
Plant & Machinery over 10 years
Motor Vehicles over 5 years
Fixtures & Fittings over 10 years
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 29 (2024: 25)
29 25
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 March 2024 790,000 33,308 18,433 190,910
Disposals - - - (17,176 )
As at 28 February 2025 790,000 33,308 18,433 173,734
...CONTINUED
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Page 5
Depreciation
As at 1 March 2024 157,998 33,308 9,953 114,501
Provided during the period 26,333 - 1,599 23,582
Disposals - - - (17,176 )
As at 28 February 2025 184,331 33,308 11,552 120,907
Net Book Value
As at 28 February 2025 605,669 - 6,881 52,827
As at 1 March 2024 632,002 - 8,480 76,409
Fixtures & Fittings Total
£ £
Cost
As at 1 March 2024 59,502 1,092,153
Disposals - (17,176 )
As at 28 February 2025 59,502 1,074,977
Depreciation
As at 1 March 2024 31,749 347,509
Provided during the period 971 52,485
Disposals - (17,176 )
As at 28 February 2025 32,720 382,818
Net Book Value
As at 28 February 2025 26,782 692,159
As at 1 March 2024 27,753 744,644
5. Stocks
2025 2024
£ £
Stock 60,250 68,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 168,186 136,860
Amounts recoverable on contracts 51,303 189,000
Other debtors 10,990 10,043
230,479 335,903
Page 5
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 7,919 6,968
Trade creditors 151,296 228,497
Bank loans and overdrafts 10,199 15,411
Amounts owed to participating interests 125,553 232,555
Other creditors 133,074 119,453
Taxation and social security 57,127 47,777
485,168 650,661
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 28,382 37,251
Bank loans 195,392 200,378
223,774 237,629
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,919 6,968
Later than one year and not later than five years 28,382 37,251
36,301 44,219
36,301 44,219
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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