Bridgend Carpet Centre Limited 31/03/2025 iXBRL

Company registration number: 01051530

Bridgend Carpet Centre Limited

Unaudited financial statements

31 March 2025

Bridgend Carpet Centre Limited

Contents

Directors and other information

Directors report

Accountants report

Statement of comprehensive income

Statement of financial position

Notes to the financial statements

Bridgend Carpet Centre Limited

Directors and other information


	Directors	Mrs H.B. Morris
		Mr Phillip Morris


	Secretary	Mrs H.B. Morris


	Company number	01051530


	Registered office	16 Coity Road
		Bridgend
		Mid Glamorgan
		CF31 1LR


	Accountants	Morgan Hemp
		103-104 Walter Road
		Swansea
		SA1 5QF




	Bankers	Lloyds Bank Plc
		18 Wyndham Street
		Bridgend
		CF31 1EQ

Bridgend Carpet Centre Limited

Directors report

Year ended 31 March 2025

The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2025.

Directors

The directors who served the company during the year were as follows:

Mrs H.B. Morris

Mr Phillip Morris

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 16 October 2025 and signed on behalf of the board by:

Mrs H.B. Morris

Director

Bridgend Carpet Centre Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Bridgend Carpet Centre Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bridgend Carpet Centre Limited for the year ended 31 March 2025 which comprise the statement of comprehensive income, statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

This report is made solely to the board of directors of Bridgend Carpet Centre Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Bridgend Carpet Centre Limited and state those matters that we have agreed to state to the board of directors of Bridgend Carpet Centre Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bridgend Carpet Centre Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Bridgend Carpet Centre Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bridgend Carpet Centre Limited. You consider that Bridgend Carpet Centre Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bridgend Carpet Centre Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Morgan Hemp

Chartered Certified Accountants

103-104 Walter Road

Swansea

SA1 5QF

16 October 2025

Bridgend Carpet Centre Limited

Statement of comprehensive income

Year ended 31 March 2025

		2025	2024
	Note	£	£


Turnover		172,633	193,787
Cost of sales		( 74,099)	( 97,168)
		_______	_______
Gross profit		98,534	96,619

Distribution costs		( 275)	-
Administrative expenses		( 73,675)	( 67,850)
		_______	_______
Operating profit		24,584	28,769

Interest payable and similar expenses		( 591)	( 921)
Profit before taxation	5	23,993	27,848

Tax on profit		( 2,480)	( 5,294)
		_______	_______
Profit for the financial year and total comprehensive income		21,513	22,554
		_______	_______

All the activities of the company are from continuing operations.

Bridgend Carpet Centre Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	112,220		106,568
		_______		_______
			112,220		106,568

Current assets
Stocks		8,693		10,364
Debtors	7	5,926		12,028
Cash at bank and in hand		808		585
		_______		_______
		15,427		22,977
Creditors: amounts falling due
within one year	8	( 67,509)		( 48,449)
		_______		_______
Net current liabilities			( 52,082)		( 25,472)
			_______		_______
Total assets less current liabilities			60,138		81,096

Creditors: amounts falling due
after more than one year	9		( 7,239)		( 17,199)

Provisions for liabilities			( 650)		( 1,665)

			_______		_______
Net assets			52,249		62,232
			_______		_______

Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			51,249		61,232
			_______		_______
Shareholders funds			52,249		62,232
			_______		_______

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.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question 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 financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements were approved by the board of directors and authorised for issue on 16 October 2025 , and are signed on behalf of the board by:

Mrs H.B. Morris

Director

Company registration number: 01051530

Bridgend Carpet Centre Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 16 Coity Road, Bridgend, Mid Glamorgan, CF31 1LR.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2024: 3 ).

5. Profit before taxation

Profit before taxation is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible assets	4,804	2,921
	_______	_______

6. Tangible assets

	Freehold property	Plant and machinery	Total
	£	£	£
Cost
At 1 April 2024	97,806	55,991	153,797
Additions	-	10,995	10,995
Disposals	-	( 8,995)	( 8,995)
	_______	_______	_______
At 31 March 2025	97,806	57,991	155,797
	_______	_______	_______
Depreciation
At 1 April 2024	-	47,228	47,228
Charge for the year	-	4,804	4,804
Disposals	-	( 8,455)	( 8,455)
	_______	_______	_______
At 31 March 2025	-	43,577	43,577
	_______	_______	_______
Carrying amount
At 31 March 2025	97,806	14,414	112,220
	_______	_______	_______
At 31 March 2024	97,806	8,763	106,569
	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	5,926	12,028
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	39,579	28,998
Trade creditors	15,824	7,411
Social security and other taxes	9,052	9,863
Other creditors	3,054	2,177
	_______	_______
	67,509	48,449
	_______	_______

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	7,239	17,199
	_______	_______

10. Related party transactions

Included in creditors is amounts owing to the directors of £285 (2024:£385). The loan is interest free and repayable on demand.