Company No: 04695765 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Stephen Paul Hart
	Virginia Ruth Hart

SECRETARY

Virginia Ruth Hart

REGISTERED OFFICE	71-75 Dales Road
	Ipswich
	Suffolk
	IP1 4JR
	United Kingdom

COMPANY NUMBER

04695765 (England and Wales)

CHARTERED ACCOUNTANTS	Gascoynes
	Gascoyne House
	Moseleys Farm Business Centre
	Fornham All Saints
	Bury St Edmunds
	Suffolk
	IP28 6JY

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	185,000		185,000
Tangible assets	4	42,912		52,929
		227,912		237,929
Current assets
Stocks	5	0		22,500
Debtors	6	176,333		125,071
Cash at bank and in hand		( 26,769)		( 40,599)
		149,564		106,972
Creditors: amounts falling due within one year	7	( 334,013)		( 283,564)
Net current liabilities		(184,449)		(176,592)
Total assets less current liabilities		43,463		61,337
Creditors: amounts falling due after more than one year	8	( 33,706)		( 55,200)
Net assets		9,757		6,137
Capital and reserves
Called-up share capital	9	2		2
Profit and loss account		9,755		6,135
Total shareholder's funds		9,757		6,137

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Harts Carpetworld Limited (registered number: 04695765) were approved and authorised for issue by the Board of Directors on 29 September 2025. They were signed on its behalf by:

Stephen Paul Hart Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Harts Carpetworld Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 71-75 Dales Road, Ipswich, Suffolk, IP1 4JR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

not amortised

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	25 % reducing balance
Tools and equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	9		9

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2024	185,000		185,000
At 31 March 2025	185,000		185,000
Accumulated amortisation
At 01 April 2024	0		0
At 31 March 2025	0		0
Net book value
At 31 March 2025	185,000		185,000
At 31 March 2024	185,000		185,000

4. Tangible assets

	Vehicles		Tools and equipment		Total
	£		£		£
Cost
At 01 April 2024	95,222		90,709		185,931
Additions	2,808		415		3,223
At 31 March 2025	98,030		91,124		189,154
Accumulated depreciation
At 01 April 2024	53,297		79,705		133,002
Charge for the financial year	10,481		2,759		13,240
At 31 March 2025	63,778		82,464		146,242
Net book value
At 31 March 2025	34,252		8,660		42,912
At 31 March 2024	41,925		11,004		52,929

5. Stocks

	2025		2024
	£		£
Stocks	0		22,500

6. Debtors

	2025		2024
	£		£
Trade debtors	102,161		32,307
Amounts owed by related parties	105,527		105,527
Other debtors	( 31,355)		( 12,763)
	176,333		125,071

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	24,733		24,733
Trade creditors	65,086		80,683
Amounts owed to related parties	65,992		( 23,452)
Taxation and social security	139,525		137,948
Obligations under finance leases and hire purchase contracts	7,660		13,300
Other creditors	31,017		50,352
	334,013		283,564

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

	2025		2024
	£		£
Bank loans	33,706		47,540
Obligations under finance leases and hire purchase contracts	0		7,660
	33,706		55,200

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each	2		2

10. Ultimate controlling party

The company is under control of Mr and Mrs Hart by virtue of their 100% shareholding in Harts Property World Limited which is the parent company.