Carpet Emporium (Cheltenham) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09901633

Carpet Emporium (Cheltenham) Limited

Filleted Unaudited Financial Statements

31 December 2024

Carpet Emporium (Cheltenham) Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

Carpet Emporium (Cheltenham) Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Carpet Emporium (Cheltenham) Limited

Year ended 31 December 2024

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 December 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

HARPER SHELDON LIMITED Chartered Accountants

Midway House Staverton Technology Park Herrick Way, Staverton Cheltenham, Glos. GL51 6TQ

23 September 2025

Carpet Emporium (Cheltenham) Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	35,043	46,343

Current assets

Stocks		21,347	29,375
Debtors	6	26,891	22,240
Cash at bank and in hand		123,948	58,691
		---------	---------
		172,186	110,306

Creditors: amounts falling due within one year	7	( 107,662)	( 78,945)
		---------	---------
Net current assets		64,524	31,361
		--------	--------
Total assets less current liabilities		99,567	77,704

Creditors: amounts falling due after more than one year	8	( 4,167)	( 14,167)

Provisions

Taxation including deferred tax	( 8,551)	( 11,330)
	--------	--------
Net assets	86,849	52,207
	--------	--------

Carpet Emporium (Cheltenham) Limited

Statement of Financial Position (continued)

31 December 2024

	2024	2023
Note	£	£

Capital and reserves

Called up share capital	2	2
Profit and loss account	86,847	52,205
	--------	--------
Shareholders funds	86,849	52,207
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 23 September 2025 , and are signed on behalf of the board by:

D.D. D'AMBROSIO

M.K. D'AMBROSIO

Directors

Company registration number: 09901633

Carpet Emporium (Cheltenham) Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Midway House, Staverton Technology Park , Herrick Way, Staverton, Cheltenham, Glos, GL51 6TQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:

Equipment	-	15% reducing balance
Motor Vehicles	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to sell. Cost includes all costs of purchase and other costs incurred in bringing the stock to its present location.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2023: 6 ).

5. Tangible assets

	Equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 January 2024	34,483	35,000	69,483
Disposals	( 5,762)	–	( 5,762)
	--------	--------	--------
At 31 December 2024	28,721	35,000	63,721
	--------	--------	--------
Depreciation
At 1 January 2024	15,868	7,272	23,140
Charge for the year	1,586	6,933	8,519
Disposals	( 2,981)	–	( 2,981)
	--------	--------	--------
At 31 December 2024	14,473	14,205	28,678
	--------	--------	--------
Carrying amount
At 31 December 2024	14,248	20,795	35,043
	--------	--------	--------
At 31 December 2023	18,615	27,728	46,343
	--------	--------	--------

6. Debtors

	2024	2023
	£	£
Trade debtors	21,036	14,898
Other debtors	5,855	7,342
	--------	--------
	26,891	22,240
	--------	--------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loan	10,000	10,000
Trade creditors	18,952	22,941
Corporation tax	41,934	28,969
Social security and other taxes	31,159	11,084
Other creditors	5,617	5,951
	---------	--------
	107,662	78,945
	---------	--------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loan	4,167	14,167
	-------	--------