REGISTERED NUMBER: 09361495 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Cei Carpets Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H J Dent

C E Dent

REGISTERED OFFICE:

Ty Halen

NEW QUAY

Ceredigion

SA45 9SE

REGISTERED NUMBER:

09361495 (England and Wales)

ACCOUNTANTS:

Ashmole & Co

Manchester House

Grosvenor Hill

Cardigan

Ceredigion

SA43 1HY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

32,860

29,294

32,860

29,294

CURRENT ASSETS

Stocks

37,000

12,000

Debtors

6

64,652

76,895

Cash at bank and in hand

23,909

85,879

125,561

174,774

CREDITORS

Amounts falling due within one year

7

81,567

85,893

NET CURRENT ASSETS

43,994

88,881

TOTAL ASSETS LESS CURRENT LIABILITIES

76,854

118,175

CREDITORS

Amounts falling due after more than one year

8

9,793

15,432

NET ASSETS

67,061

102,743

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

67,059

102,741

SHAREHOLDERS' FUNDS

67,061

102,743

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 23 September 2025 and were signed on its behalf by:

H J Dent - Director

C E Dent - Director

1.	STATUTORY INFORMATION

Cei 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 10% 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 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 4 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

8,500

AMORTISATION

At 1 January 2024

and 31 December 2024

8,500

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

70,574

Additions

12,200

At 31 December 2024

82,774

DEPRECIATION

At 1 January 2024

41,280

Charge for year

8,634

At 31 December 2024

49,914

NET BOOK VALUE

At 31 December 2024

32,860

At 31 December 2023

29,294

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

34,652

16,895

Other debtors

30,000

60,000

64,652

76,895

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

11,080

15,829

Trade creditors

34,707

34,084

Taxation and social security

30,326

34,472

Other creditors

5,454

1,508

81,567

85,893

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

9,793

15,432