NK CARPETS LTD

Company Registration Number:
SC433773 (Scotland)

Unaudited abridged accounts for the year ended 30 October 2024

Period of accounts

Start date: 01 November 2023

End date: 30 October 2024

NK CARPETS LTD

Contents of the Financial Statements

for the Period Ended 30 October 2024

Balance sheet
Notes

NK CARPETS LTD

Balance sheet

As at 30 October 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 7,211 6,014
Total fixed assets: 7,211 6,014
Current assets
Stocks: 35,954 33,442
Debtors: 4 40,718 43,145
Cash at bank and in hand: 0 28,034
Total current assets: 76,672 104,621
Creditors: amounts falling due within one year: 5 (146,722) (110,437)
Net current assets (liabilities): (70,050) (5,816)
Total assets less current liabilities: (62,839) 198
Creditors: amounts falling due after more than one year: 6 (15,833) (25,833)
Provision for liabilities: (1,143) (1,143)
Total net assets (liabilities): (79,815) (26,778)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (79,915) (26,878)
Shareholders funds: (79,815) (26,778)

The notes form part of these financial statements

NK CARPETS LTD

Balance sheet statements

For the year ending 30 October 2024 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 October 2025
and signed on behalf of the board by:

Name: N KELLY
Status: Director

The notes form part of these financial statements

NK CARPETS LTD

Notes to the Financial Statements

for the Period Ended 30 October 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the condideration received or receivable ,excluding discounts ,rebates, value added tax and other sales taxes

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life / Plant & machinery -25% on reducing balance

Valuation and information policy

Stocks are valued at the lower of cost and net realisible value

Other accounting policies

GOING CONCERN BASIS The accounts have been prepared on the going concern basis .This is based on the continued support of the creditors .

NK CARPETS LTD

Notes to the Financial Statements

for the Period Ended 30 October 2024

2. Employees

2024 2023
Average number of employees during the period 5 5

NK CARPETS LTD

Notes to the Financial Statements

for the Period Ended 30 October 2024

3. Tangible Assets

Total
Cost £
At 01 November 2023 59,845
Additions 3,599
At 30 October 2024 63,444
Depreciation
At 01 November 2023 53,831
Charge for year 2,402
At 30 October 2024 56,233
Net book value
At 30 October 2024 7,211
At 31 October 2023 6,014

NK CARPETS LTD

Notes to the Financial Statements

for the Period Ended 30 October 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

NK CARPETS LTD

Notes to the Financial Statements

for the Period Ended 30 October 2024

5. Creditors: amounts falling due within one year note

The amount due of £146722 is made up as follows :- Bank loans & overdrafts £2342 Trade creditors £107403 Taxation & social security £36977

NK CARPETS LTD

Notes to the Financial Statements

for the Period Ended 30 October 2024

6. Creditors: amounts falling due after more than one year note

The amount due of £15833 is in respect of other creditors

NK CARPETS LTD

Notes to the Financial Statements

for the Period Ended 30 October 2024

7. Loans to directors

Name of director receiving advance or credit: N Kelly
Description of the loan: Advance
£
Balance at 01 November 2023 41,650
Advances or credits repaid: 3,062
Balance at 30 October 2024 38,588

The advances are interest bearing and are repayable on demand.