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Company Registration No. 15015815 (England and Wales)
Direct Carpets Hampshire Limited Unaudited accounts for the year ended 31 July 2025
Direct Carpets Hampshire Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Direct Carpets Hampshire Limited Company Information for the year ended 31 July 2025
Director
Wayne Christopher Nelson
Company Number
15015815 (England and Wales)
Registered Office
2 Shirley Avenue Southampton SO15 5NG England
Accountants
365 Accounts Ltd 44 Brookwood Road Southampton Hampshire SO16 9AJ
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Direct Carpets Hampshire Limited Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
9,526
12,701
Current assets
Inventories
15,500
7,961
Debtors
5
13,107
7,629
Cash at bank and in hand
439
718
29,046
16,308
Creditors: amounts falling due within one year
6
(71,814)
(34,169)
Net current liabilities
(42,768)
(17,861)
Net liabilities
(33,242)
(5,160)
Capital and reserves
Called up share capital
1
1
Profit and loss account
(33,243)
(5,161)
Shareholders' funds
(33,242)
(5,160)
For the year ending 31 July 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 October 2025 and were signed on its behalf by
Wayne Christopher Nelson Director Company Registration No. 15015815
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Direct Carpets Hampshire Limited Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
Direct Carpets Hampshire Limited is a private company, limited by shares, registered in England and Wales, registration number 15015815. The registered office is 2 Shirley Avenue, Southampton, SO15 5NG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance Method
Motor vehicles
25% Reducing Balance Method
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Going concern
At the balance sheet date the companies liabilities exceeded it's assets and it's ability to trade is dependent on the financial support of the current directors and shareholders. Such financial support will continue to be made and these accounts have been prepared on the basis that the company will continue to trade normally.
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Direct Carpets Hampshire Limited Notes to the Accounts for the year ended 31 July 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 August 2024
10,866
4,700
15,566
At 31 July 2025
10,866
4,700
15,566
Depreciation
At 1 August 2024
2,277
588
2,865
Charge for the year
2,147
1,028
3,175
At 31 July 2025
4,424
1,616
6,040
Net book value
At 31 July 2025
6,442
3,084
9,526
At 31 July 2024
8,589
4,112
12,701
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
1,200
4,451
Other debtors
11,907
3,178
13,107
7,629
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
8,220
3,618
Trade creditors
34,240
19,905
Taxes and social security
(402)
(381)
Other creditors
29,756
10,202
Accruals
-
825
71,814
34,169
7
Loans to directors
During the year the company maintained a loan account with its director Mr. Wayne Christopher Nelson. As at the year end date the director owed the company £10,507 (2024 - £2,930).
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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