Company registration number 02403368 (England and Wales)
SANDWELL CARPETS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JULY 2024
PAGES FOR FILING WITH REGISTRAR
SANDWELL CARPETS LIMITED
COMPANY INFORMATION
Director
A L Jenkins
Company number
02403368
Registered office
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
West Midlands
England
B62 8DY
Accountants
Jerroms GCN Limited
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
SANDWELL CARPETS LIMITED
CONTENTS
Page
Accountants' report
1
Statement of financial position
2 - 3
Notes to the financial statements
4 - 6
SANDWELL CARPETS LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF SANDWELL CARPETS LIMITED
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sandwell Carpets Limited for the year ended 30 July 2024 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the b oard of d irectors of Sandwell Carpets Limited, as a body, in accordance with the terms of our engagement letter dated 23 July 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Sandwell Carpets Limited and state those matters that we have agreed to state to the b oard of d irectors of Sandwell Carpets Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sandwell Carpets Limited and its b oard of d irectors as a body for our work or for this report.

It is your duty to ensure that Sandwell Carpets Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Sandwell Carpets Limited. You consider that Sandwell Carpets Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sandwell Carpets Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Jerroms GCN Limited
8 October 2025
Chartered Certified Accountants
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
SANDWELL CARPETS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 30 JULY 2024
30 July 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
40,727
53,804
Current assets
Stocks
4
52,180
67,405
Debtors
5
274,684
268,578
Cash at bank and in hand
10,987
10,178
337,851
346,161
Creditors: amounts falling due within one year
6
(80,872)
(58,998)
Net current assets
256,979
287,163
Total assets less current liabilities
297,706
340,967
Creditors: amounts falling due after more than one year
7
(37,830)
(59,392)
Provisions for liabilities
(97,580)
-
0
Net assets
162,296
281,575
Capital and reserves
Called up share capital
8
125
125
Profit and loss reserves
162,171
281,450
Total equity
162,296
281,575
SANDWELL CARPETS LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JULY 2024
30 July 2024
- 3 -

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 8 October 2025
A L Jenkins
Director
Company registration number 02403368 (England and Wales)
SANDWELL CARPETS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JULY 2024
- 4 -
1
Accounting policies
Company information

Sandwell Carpets Limited is a private company limited by shares incorporated in England and Wales. The registered office is West Point, Second Floor, Mucklow Office Park, Mucklow Hill, Halesowen, West Midlands, England, B62 8DY.

1.1
Reporting period

The company has shortened it's year end by a day to 30 July 2023.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.4
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
15% reducing balance basis
Fixtures and fittings
15% reducing balance basis
Motor vehicles
25% reducing balance basis

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.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.6
Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision i s measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

SANDWELL CARPETS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JULY 2024
1
Accounting policies
(Continued)
- 5 -
1.7
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 31 July 2023 and 30 July 2024
21,197
25,914
55,189
102,300
Depreciation and impairment
At 31 July 2023
19,247
24,119
5,130
48,496
Depreciation charged in the year
293
269
12,515
13,077
At 30 July 2024
19,540
24,388
17,645
61,573
Carrying amount
At 30 July 2024
1,657
1,526
37,544
40,727
At 30 July 2023
1,950
1,795
50,059
53,804
4
Stocks
2024
2023
£
£
Stocks
52,180
67,405
SANDWELL CARPETS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JULY 2024
- 6 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
27,533
26,027
Other debtors
245,100
237,500
Prepayments and accrued income
2,051
5,051
274,684
268,578
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,108
11,101
Obligations under finance leases
11,401
11,401
Trade creditors
9,638
7,458
Taxation and social security
8,657
2,887
Other creditors
6,468
10,751
Accruals and deferred income
34,600
15,400
80,872
58,998

Hire purchase creditors are secured on the assets to which they relate.

7
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans and overdrafts
10,693
20,884
Obligations under finance leases
27,137
38,508
37,830
59,392
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
125
125
125
125
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