Eaton Square Carpets Limited - Filleted accounts

Registered number

06071179

Eaton Square Carpets Limited

Filleted Accounts

31 January 2025

Eaton Square Carpets Limited
Registered number:		06071179
Balance Sheet
as at 31 January 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		28,708			32,097

Current assets
Stocks		156,548			213,925
Debtors	4	278,399			19,803
Cash at bank and in hand		217,107			413,655
		652,054			647,383

Creditors: amounts falling due within one year	5	(478,103)			(490,582)

Net current assets			173,951			156,801

Total assets less current liabilities			202,659			188,898


Provisions for liabilities			(7,082)			(8,024)


Net assets			195,577			180,874

Capital and reserves
Called up share capital			100			100
Profit and loss account			195,477			180,774

Shareholder's funds			195,577			180,874

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




J D P Dowling
Director
Approved by the board on 16 April 2025

Eaton Square Carpets Limited
Notes to the Accounts
for the year ended 31 January 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:

	Plant and machinery			18% to 33% Reducing balance
	Motor vehicles			18% Reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					7		8


3	Tangible fixed assets
				Plant and machinery etc		Motor vehicles		Total
£					£		£
	Cost
	At 1 February 2024			23,188		34,521		57,709
	Additions			6,524		-		6,524
	At 31 January 2025			29,712		34,521		64,233

	Depreciation
	At 1 February 2024			19,398		6,214		25,612
	Charge for the year			3,699		6,214		9,913
	At 31 January 2025			23,097		12,428		35,525

	Net book value
	At 31 January 2025			6,615		22,093		28,708
	At 31 January 2024			3,790		28,307		32,097


4	Debtors					2025		2024
£							£

	Trade debtors					85,875		8,636
	Other debtors					192,524		11,167
						278,399		19,803


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					140,804		103,756
	Taxation and social security costs					17,016		58,127
	Other creditors					320,283		328,699
						478,103		490,582


6	Loans to directors
	Interest free and repayable on	B/fwd	Paid		Repaid		C/fwd
	demand	£	£		£		£
	J D P Dowling
	[Loan 1]	(222,000)		-		24,000		(198,000)

		(222,000)		-		24,000		(198,000)


7	Other information

	Eaton Square Carpets Limited is a private company limited by shares and incorporated in England. Its registered office is:
	71-75 Shelton Street
	Covent Garden
	London
	WC2H 9JQ