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Registered number: 05063277
Cotswold Carpets Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
Prepared By:
HMK Accountancy Ltd
36 Hill Rise
Woodstock
Oxford
OX20 1AB

Cotswold Carpets Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
DIRECTORS
R Hoare
H Fisher
SECRETARY
J Hoare
REGISTERED OFFICE
Unit 19
Worcester Road Industrial Estate
Chipping Norton
Oxford
OX7 5XW
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05063277
ACCOUNTANTS
HMK Accountancy Ltd
36 Hill Rise
Woodstock
Oxford
OX20 1AB

Cotswold Carpets Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
CONTENTS |  |
|  | Page
Directors' Report |  | -
Accountants' Report |  | -
Statement Of Comprehensive Income |  | -
Balance Sheet |  | 3
Notes To The Accounts |  | 4
The following do not form part of the statutory financial statements: |  |
Trading And Profit And Loss Account |  | -
Profit And Loss Account Summaries |  | -

Cotswold Carpets Limited

BALANCE SHEET AT 31/03/2025
|  |  |  |  |  | 2025 |  |  |  | 2024
|  | Notes |  |  |  | £ |  |  |  | £
FIXED ASSETS |  |  |  |  |  |  |  |  |  |
Tangible assets |  | 2 |  |  |  | 42,813 |  |  |  | 17,412
Investment Assets |  | 3 |  |  |  | 7,689 |  |  |  | 7,689
|  |  |  |  |  | 50,502 |  |  |  | 25,101
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |
Stock |  |  |  | 19,000 |  |  |  | 17,000 |  |
Debtors |  | 5 |  | 67,077 |  |  |  | 81,330 |  |
Cash at bank and in hand |  |  |  | 373,870 |  |  |  | 319,161 |  |
|  |  |  | 459,947 |  |  |  | 417,491 |  |
CREDITORS: Amounts falling due within one year |  | 6 |  | 204,075 |  |  |  | 170,319 |  |
NET CURRENT ASSETS |  |  |  |  |  | 255,872 |  |  |  | 247,172
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  |  |  |  | 306,374 |  |  |  | 272,273
PROVISIONS FOR LIABILITIES AND CHARGES |  | 8 |  |  |  | 8,134 |  |  |  | 3,308
NET ASSETS |  |  |  |  |  | 298,240 |  |  |  | 268,965
CAPITAL AND RESERVES |  |  |  |  |  |  |  |  |  |
Called up share capital |  | 9 |  |  |  | 100 |  |  |  | 100
Profit and loss account |  |  |  |  |  | 298,140 |  |  |  | 268,865
SHAREHOLDERS' FUNDS |  |  |  |  |  | 298,240 |  |  |  | 268,965
For the year ending 31/03/2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 01/07/2025 and signed on their behalf by |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
R Hoare |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |

Cotswold Carpets Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2025

1. ACCOUNTING POLICIES

1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Depreciation |  |
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehicles |  | straight line 25%
Fixtures and Fittings |  | straight line 25%
Equipment |  | straight line 33%

1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

1e. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.

Cotswold Carpets Limited

2. TANGIBLE FIXED ASSETS |  |  |  |  |  |  |  |
|  | Commercial |  | Fixtures |  |  |  |
|  | Vehicles |  | and Fittings |  | Equipment |  | Total
|  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |
At 01/04/2024 |  | 140,904 |  | 6,446 |  | 1,844 |  | 149,194
Additions |  | 46,411 |  | 242 |  | 605 |  | 47,258
Disposals |  | (35,616) |  | - |  | - |  | (35,616)
At 31/03/2025 |  | 151,699 |  | 6,688 |  | 2,449 |  | 160,836
Depreciation |  |  |  |  |  |  |  |
At 01/04/2024 |  | 123,959 |  | 6,445 |  | 1,378 |  | 131,782
Disposals |  | (31,368) |  | - |  | - |  | (31,368)
For the year |  | 17,327 |  | 80 |  | 202 |  | 17,609
At 31/03/2025 |  | 109,918 |  | 6,525 |  | 1,580 |  | 118,023
Net Book Amounts |  |  |  |  |  |  |  |
At 31/03/2025 |  | 41,781 |  | 163 |  | 869 |  | 42,813
At 31/03/2024 |  | 16,945 |  | 1 |  | 466 |  | 17,412

Cotswold Carpets Limited

3. FINANCIAL ASSETS |  |  |  |
|  | Shares in group companies |  |
|  | and participating interests |  | Total
|  | £ |  | £
Cost |  |  |  |
At 01/04/2024 |  | 7,689 |  | 7,689
At 31/03/2025 |  | 7,689 |  | 7,689
Amortisation |  |  |  |
Net Book Amounts |  |  |  |
At 31/03/2025 |  | 7,689 |  | 7,689
At 31/03/2024 |  | 7,689 |  | 7,689

4. STOCK |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Stock comprises: |  |  |  |  |  |
Stock |  |  |  | 19,000 |  | 17,000
|  |  |  | 19,000 |  | 17,000

5. DEBTORS |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Amounts falling due within one year |  |  |  |  |  |
Trade debtors |  |  |  | 64,063 |  | 78,357
Prepayments |  |  |  | 3,014 |  | 2,973
|  |  |  | 67,077 |  | 81,330

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
UK corporation tax |  |  |  | 45,263 |  | 36,670
VAT |  |  |  | 37,531 |  | 34,921
PAYE control |  |  |  | 13,601 |  | 10,706
Directors current account |  |  |  | 382 |  | 118
Trade creditors |  |  |  | 103,100 |  | 83,956
Pension schemes |  |  |  | 1,973 |  | 1,973
Accruals |  |  |  | 2,225 |  | 1,975
|  |  |  | 204,075 |  | 170,319

7. EMPLOYEES |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | No. |  | No.
Average number of employees |  |  |  | 20 |  | 17

Cotswold Carpets Limited

8. PROVISIONS FOR LIABILITIES |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Deferred taxation |  |  |  | 8,134 |  | 3,308
|  |  |  | 8,134 |  | 3,308

9. SHARE CAPITAL |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Allotted, issued and fully paid: |  |  |  |  |  |
100 Ordinary shares of £1 each |  |  |  | 100 |  | 100
|  |  |  | 100 |  | 100

10. CONTROLLING PARTY
R Hoare holds 60% of the issued share capital and is considered the ultimate controlling party.