REGISTERED NUMBER: 07154215

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Morris Carpets Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Morris

P Morris

REGISTERED OFFICE:

Holly Cottage

89 Park Street

Penrhiwceiber

Mountain Ash

RCT

CF45 3YW

REGISTERED NUMBER:

07154215

ACCOUNTANTS:

C Hergest Ltd

AAT Licensed Accountant

28 High Street

Aberdare

RCT

CF44 7AA

FIXED ASSETS

Tangible assets

4

56,380

23,398

CURRENT ASSETS

Stocks

5

54,616

77,395

Debtors

6

4,335

3,473

Cash at bank and in hand

17,334

17,598

76,285

98,466

CREDITORS

Amounts falling due within one year

7

76,432

86,289

NET CURRENT (LIABILITIES)/ASSETS

(147

)

12,177

TOTAL ASSETS LESS CURRENT LIABILITIES

56,233

35,575

CREDITORS

Amounts falling due after more than one year

8

62,705

17,791

NET (LIABILITIES)/ASSETS

(6,472

)

17,784

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9

(6,572

)

17,684

SHAREHOLDERS' FUNDS

(6,472

)

17,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2025 and were signed on its behalf by:

S Morris - Director

1.	STATUTORY INFORMATION

Morris Carpets Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 March 2024

27,346

3,950

42,745

74,041

Additions

12,500

-

38,425

50,925

Disposals

(7,779

)

-

(26,995

)

(34,774

)

At 28 February 2025

32,067

3,950

54,175

90,192

DEPRECIATION

At 1 March 2024

19,777

3,950

26,916

50,643

Charge for year

2,408

-

2,721

5,129

Eliminated on disposal

(6,354

)

-

(15,606

)

(21,960

)

At 28 February 2025

15,831

3,950

14,031

33,812

NET BOOK VALUE

At 28 February 2025

16,236

-

40,144

56,380

At 29 February 2024

7,569

-

15,829

23,398

5.

STOCKS

28.2.25

29.2.24

£

£

Stocks

49,616

72,395

Work-in-progress

5,000

5,000

54,616

77,395

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

1,835

973

Rental bond

2,500

2,500

4,335

3,473

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

22,653

19,014

Other loans

12,776

25,770

Hire purchase contracts

6,479

5,006

Trade creditors

27,545

19,201

Social security and other taxes

407

720

VAT

12

7,522

Directors' current accounts

708

3,580

Accrued expenses

5,852

5,476

76,432

86,289

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans - 2-5 years

2,048

-

Bank loans more 5 yr by instal

-

11,803

Other loans - 2-5 years

36,269

-

Hire purchase contracts

24,388

5,988

62,705

17,791

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

11,803

9.

RESERVES

Retained

earnings

£

At 1 March 2024

17,684

Deficit for the year

(24,256

)

At 28 February 2025

(6,572

)