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Company Registration No. 08158628 (England and Wales)
DCS Carpets Limited Unaudited accounts for the year ended 31 March 2025
DCS Carpets Limited Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
- 2 -
DCS Carpets Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
7,013
5,440
Tangible assets
5
73,252
92,245
80,265
97,685
Current assets
Inventories
330,747
299,612
Debtors
6
61,830
61,581
Cash at bank and in hand
65,933
74,371
458,510
435,564
Creditors: amounts falling due within one year
7
(351,696)
(316,212)
Net current assets
106,814
119,352
Total assets less current liabilities
187,079
217,037
Creditors: amounts falling due after more than one year
8
(22,483)
(38,124)
Provisions for liabilities
Deferred tax
(6,570)
(10,677)
Net assets
158,026
168,236
Capital and reserves
Called up share capital
9
100
100
Profit and loss account
157,926
168,136
Shareholders' funds
158,026
168,236
For the year ending 31 March 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 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 of Directors and authorised for issue on 10 October 2025 and were signed on its behalf by
Mr C Beange Director Company Registration No. 08158628
- 3 -
DCS Carpets Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
DCS Carpets Limited is a private company, limited by shares, registered in England and Wales, registration number 08158628. The registered office is Potters Carpets, Leicester Road, Anstey, Leicester, Leicestershire, LE7 7AT, 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.
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill, patents and websites) are included at cost less accumulated amortisation. Amortisation is recognised so as to write off the cost or valuation of the of assets less their residual value over their useful live on the following basis:- Website - 33.33% per annum of cost.
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:
Land & buildings
Straight line over the life of the lease
Plant & machinery
25% per annum of cost
Motor vehicles
25% per annum of cost
Fixtures & fittings
15% per annum of cost.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing stocks to their present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.
Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Debtors and creditors with no stated interest rate and receivable or payable within one year are measured at transaction price. Any losses from impairment are recognised in the profit and loss account.
- 4 -
DCS Carpets Limited Notes to the Accounts for the year ended 31 March 2025
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Other
£
Cost
At 1 April 2024
8,160
Additions
6,439
At 31 March 2025
14,599
Amortisation
At 1 April 2024
2,720
Charge for the year
4,866
At 31 March 2025
7,586
Net book value
At 31 March 2025
7,013
At 31 March 2024
5,440
- 5 -
DCS Carpets Limited Notes to the Accounts for the year ended 31 March 2025
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
11,300
78,723
107,901
46,077
244,001
Additions
-
379
19,500
5,647
25,526
At 31 March 2025
11,300
79,102
127,401
51,724
269,527
Depreciation
At 1 April 2024
2,785
62,418
54,767
31,786
151,756
Charge for the year
1,614
10,900
23,763
8,242
44,519
At 31 March 2025
4,399
73,318
78,530
40,028
196,275
Net book value
At 31 March 2025
6,901
5,784
48,871
11,696
73,252
At 31 March 2024
8,515
16,305
53,134
14,291
92,245
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
41,890
36,205
Accrued income and prepayments
19,940
21,198
Other debtors
-
4,178
61,830
61,581
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
17,725
13,219
Trade creditors
224,468
204,225
Taxes and social security
81,370
65,576
Other creditors
8,583
5,460
Accruals
9,550
17,732
351,696
316,212
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
1,667
11,667
Obligations under finance leases and hire purchase contracts
20,816
26,457
22,483
38,124
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
- 6 -
DCS Carpets Limited Notes to the Accounts for the year ended 31 March 2025
10
Operating lease commitments
2025
2024
£
£
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
60,000
-
Later than one year and not later than five years
94,465
239,973
154,465
239,973
11
Average number of employees
During the year the average number of employees was 19 (2024: 20).
- 7 -