05063277falsethat of carpet retailer2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:CompanySecretary12024-04-012025-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:Director12024-04-012025-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2025-03-31http://www.companieshouse.gov.uk/cd:Director22024-04-012025-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2025-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2025-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12024-04-012025-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2025-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-04-012025-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-04-012025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FRS1022024-04-012025-03-31http://www.companieshouse.gov.uk/2025-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2024-04-012025-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-04-012025-03-31iso4217:GBPxbrli:sharesxbrli:pure

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 THEYEARENDED31/03/2025
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.