Steve's Carpets Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 07900134

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		50,051		29,957

			50,051		29,957
CURRENT ASSETS
Stocks	5	25,000		26,383
Debtors	6	110,109		72,885
Cash at bank and in hand		565,148		476,248

		700,257		575,516
Creditors: Amounts Falling Due Within One Year	7	(213,770 )		(115,898 )

NET CURRENT ASSETS (LIABILITIES)			486,487		459,618

TOTAL ASSETS LESS CURRENT LIABILITIES			536,538		489,575

PROVISIONS FOR LIABILITIES
Deferred Taxation			(12,249 )		(6,327 )

NET ASSETS			524,289		483,248

CAPITAL AND RESERVES
Called up share capital	8		110		110
Profit and Loss Account			524,179		483,138

SHAREHOLDERS' FUNDS			524,289		483,248

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Steve's Carpets Ltd.

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr S Smoker

Director

10th October 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Steve's Carpets Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 07900134 . The registered office is Top Floor, West Hill House, Dartford, Kent, DA1 2EU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	20% on reducing balance
Fixtures & Fittings	20% on reducing balance
Computer Equipment	20% on reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

Tax is recognised in the profit and loss account 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.

3. Average Number of Employees

☻Average number of employees, including directors, during the year was: 8 (2024: 7)

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Steve's Carpets Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 February 2024	58,692	19,791	9,724	88,207
Additions	30,404	596	1,608	32,608

As at 31 January 2025	89,096	20,387	11,332	120,815

Depreciation
As at 1 February 2024	35,608	17,822	4,820	58,250
Provided during the period	10,698	513	1,303	12,514

As at 31 January 2025	46,306	18,335	6,123	70,764

Net Book Value
As at 31 January 2025	42,790	2,052	5,209	50,051

As at 1 February 2024	23,084	1,969	4,904	29,957

5. Stocks

	2025	2024
	£	£
Stock	25,000	26,383

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	103,580	66,356
Other debtors	6,529	6,529

	110,109	72,885

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	85,041	49,618
Other creditors	51,274	12,688
Taxation and social security	77,455	53,592

	213,770	115,898

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	110	110

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