Radstock Carpet & Flooring Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09419315 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Radstock Carpet & Flooring Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs C L Willcox

REGISTERED OFFICE:

Coombend

Radstock

Bath & NE Somerset

BA3 3AW

REGISTERED NUMBER:

09419315 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

14,208

18,048

14,208

18,048

CURRENT ASSETS

Stocks

45,000

Debtors

6

130,819

104,526

Cash at bank and in hand

2,480

27,726

178,299

177,252

CREDITORS

Amounts falling due within one year

7

223,195

159,365

NET CURRENT (LIABILITIES)/ASSETS

(44,896

)

17,887

TOTAL ASSETS LESS CURRENT
LIABILITIES

(30,688

)

35,935

CREDITORS

Amounts falling due after more than one
year

8

(22,943

)

(34,831

)

PROVISIONS FOR LIABILITIES

-

(283

)

NET (LIABILITIES)/ASSETS

(53,631

)

821

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(53,731

)

721

(53,631

)

821

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 7 October 2025 and were signed by:

Mrs C L Willcox - Director

1.	STATUTORY INFORMATION

Radstock Carpet & Flooring 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 0, is being amortised evenly over its estimated useful life of nil 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.

Improvements to property

-

20% on reducing balance

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

20% 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 (2022 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2022

and 28 February 2023

3,500

AMORTISATION

At 1 March 2022

and 28 February 2023

3,500

NET BOOK VALUE

At 28 February 2023

-

At 28 February 2022

-

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

COST

At 1 March 2022

and 28 February 2023

4,437

25,850

18,739

49,026

DEPRECIATION

At 1 March 2022

2,983

21,249

6,746

30,978

Charge for year

291

1,150

2,399

3,840

At 28 February 2023

3,274

22,399

9,145

34,818

NET BOOK VALUE

At 28 February 2023

1,163

3,451

9,594

14,208

At 28 February 2022

1,454

4,601

11,993

18,048

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

Trade debtors

14,658

Other debtors

34,545

7,000

Directors' current accounts

81,616

82,868

130,819

104,526

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

Bank loans and overdrafts

7,349

-

Other loans

10,000

Hire purchase contracts

-

1,670

Trade creditors

23,733

23,736

Tax

33,174

15,913

Social security and other taxes

124,739

102,371

Other creditors

11,355

-

Accrued expenses

12,845

5,675

223,195

159,365

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

Other loans - 2-5 years

22,943

33,142

Hire purchase contracts

-

1,689

22,943

34,831

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

2023

2022

£

Mrs C L Willcox

Balance outstanding at start of year

82,868

45,956

Amounts advanced

41,694

36,912

Amounts repaid

(42,946

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

81,616

82,868