2024-04-01 2025-03-31 11892881 TORPOINT CARPETS LTD false 11892881 2024-04-01 2025-03-31 11892881 uk-bus:Director1 2024-04-01 2025-03-31 11892881 uk-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11892881 uk-bus:SmallEntities 2024-04-01 2025-03-31 11892881 uk-bus:FullAccounts 2024-04-01 2025-03-31 11892881 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11892881 2024-04-01 11892881 2025-03-31 11892881 2024-03-31 xbrli:pure iso4217:GBP 11892881 2023-04-01 2024-03-31
Company Registration Number : 11892881 (England and Wales)
11892881
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2025-03-31
false
TORPOINT CARPETS LTD
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2024-04-01
TORPOINT CARPETS LTD
Unaudited filleted financial statements
For the year ended 31 March 2025
TORPOINT CARPETS LTD
Contents
For the year ended 31 March 2025
CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


TORPOINT CARPETS LTD
Company Information
For the year ended 31 March 2025
Company registration number 11892881 (England and Wales)
Directors James Brady
Barry Hay
Registered office address Unit 3 Burley Court Pillmere Drive
Pillmere
Saltash
PL12 6FH
UK
Trading office address Unit 2a
Trevol Business Park
Torpoint
Cornwall
PL11 2TB
Accountant ARK SOUTH WEST LTD
Unit 3, Burley Court
Pillmere Drive, Saltash
PL12 6FH
TORPOINT CARPETS LTD
Statement of Financial Position
For the year ended 31 March 2025
2025 2024
Notes £ £
Fixed assets
Property, plant and equipment 34,201 6,630
6 34,201 6,630
Current assets
Debtors 22,716 20,835
Corporation tax receivable - 1,781
Cash and cash equivalents 78,818 98,880
101,534 121,497
Current liabilities
Creditors: Amounts falling due within one year (68,471) (46,709)
Corporation tax payable (3,693) -
(72,164) (46,709)
Net current assets/(liabilities) 29,370 74,788
Total assets less current liabilities 63,571 81,418
Net assets/(liabilities) 63,571 81,418
Capital and reserves
Called up share capital 104 101
Retained earnings 63,467 81,317
Shareholder's funds 63,571 81,418
For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 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 responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 19 June 2025
.............................
Barry Hay (Director)
Company registration number: 11892881
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2025-03-31 31 March 2025
2025 2024
£ £
Fixed Assets 34,201 6,630
Current Assets 101,534 121,497
Creditors: amounts falling due within one year (72,164) (46,709)
Net current assets/(liabilities) 29,370 74,788
Total assets less current liabilities 63,571 81,418
Net Assets/(liabilities) 63,571 81,418
Capital and Reserves 63,571 81,418
For the year ending 31/03/2025 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. For the year ending 31-03-2025 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 for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 19 June 2025 2025-06-19 and signed on behalf of the board,
.............................
Barry Hay
Director
Company registration number: 11892881
TORPOINT CARPETS LTD
Notes to the Financial Statements
For the year ended 31 March 2025
(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Unit 3 Burley Court Pillmere Drive, Pillmere, Saltash, PL12 6FH.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Interest income
Interest income is recognised using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings20% reducing balance
Equipment
Motor Cars20% reducing balance
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Employees
During the year, the average number of employees including director was 5 (2024 : 3).

(6) Fixed assets
Tangible

£
Cost
As at 01 April 202416,449
Additions30,956
As at 31 March 202547,405
Depreciation/Amortisation
As at 01 April 20243,419
For the year9,785
As at 31 March 202513,204
Net book value
As at 31 March 202534,201
As at 31 March 202413,030