REGISTERED NUMBER: 04406513

Unaudited Financial Statements for the Year Ended 31 March 2025

for

New Homes Carpeting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R S Freedman

Mr J Freedman

Mrs J Freedman

Mr N J Hutson

REGISTERED OFFICE:

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

REGISTERED NUMBER:

04406513

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Tangible assets

4

1,599,170

1,285,496

CURRENT ASSETS

Stocks

23,568

24,581

Debtors

5

2,032,726

2,184,423

Cash at bank

1,547,428

876,919

3,603,722

3,085,923

CREDITORS

Amounts falling due within one year

6

(874,343

)

(1,055,163

)

NET CURRENT ASSETS

2,729,379

2,030,760

TOTAL ASSETS LESS CURRENT LIABILITIES

4,328,549

3,316,256

CREDITORS

Amounts falling due after more than one year

7

(219,533

)

(158,443

)

PROVISIONS FOR LIABILITIES

-

(84,390

)

NET ASSETS

4,109,016

3,073,423

CAPITAL AND RESERVES

Called up share capital

1,001

1,001

Revaluation reserve

8

777,004

535,000

Retained earnings

3,331,011

2,537,422

4,109,016

3,073,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr R S Freedman - Director

1.	STATUTORY INFORMATION

New Homes Carpeting Limited is a private company, limited by shares , registered in Not specified/Other. 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 as modified by the revaluation of certain assets.

Changes in accounting estimates

During the year ended 31 March 2025, the directors revised its depreciation method for Freehold property and improvements to property from straight line on cost depreciation estimate to no longer depreciating the asset which would provide a more appropriate reflection of the property's future economic benefit.

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

Plant and machinery etc - 25% on reducing balance

Fixtures and fittings - 15% on reducing balance

Motor Vehicles - 25% on reducing balance

Computer equipment - 25% 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 Income Statement, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 24 (2024 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

875,228

1,134,818

2,010,046

Additions

-

183,043

183,043

At 31 March 2025

875,228

1,317,861

2,193,089

DEPRECIATION

At 1 April 2024

124,164

600,386

724,550

Charge for year

-

111,373

111,373

Charge written back

(124,164

)

(117,840

)

(242,004

)

At 31 March 2025

-

593,919

593,919

NET BOOK VALUE

At 31 March 2025

875,228

723,942

1,599,170

At 31 March 2024

751,064

534,432

1,285,496

Cost or valuation at 31 March 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2024

535,000

-

535,000

Cost

340,228

1,317,861

1,658,089

875,228

1,317,861

2,193,089

If freehold land and buildings had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

710,246

710,246

Aggregate depreciation

242,004

242,004

Value of land in freehold land and buildings

468,242

468,242

Freehold land and buildings were valued on an open market basis on 31 March 2025 by R Freedman .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST OR VALUATION

At 1 April 2024

256,345

Additions

179,656

At 31 March 2025

436,001

DEPRECIATION

At 1 April 2024

166,484

Charge for year

67,398

At 31 March 2025

233,882

NET BOOK VALUE

At 31 March 2025

202,119

At 31 March 2024

89,861

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,928,200

2,009,452

Amounts owed by associates

15,471

82,619

Other debtors

89,055

92,352

2,032,726

2,184,423

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

36,789

43,636

Hire purchase contracts

56,663

45,460

Trade creditors

493,372

585,222

Amounts owed to associates

-

5,500

Taxation and social security

284,076

210,036

Other creditors

3,443

165,309

874,343

1,055,163

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

58,526

95,315

Hire purchase contracts

161,007

63,128

219,533

158,443

8.

RESERVES

Revaluation

reserve

£

At 1 April 2024

535,000

Revaluation reserve

242,004

At 31 March 2025

777,004