Reigate Carpet Centre Limited
Unaudited Financial Statements
For the year ended 31 July 2025
Pages for Filing with Registrar
Company Registration No. 05822082 (England and Wales)
Reigate Carpet Centre Limited
Company Information
Directors
Mr. K. S. T. Mays
Mrs. A. J. Mays
Mr. C. Mays
Secretary
Mrs. A. J. Mays
Company number
05822082
Registered office
Betchworth House
57-65 Station Road
Redhill
Surrey
RH1 1DL
Accountants
Moore Kingston Smith LLP
Betchworth House
57-65 Station Road
Redhill
Surrey
RH1 1DL
Business address
Trehaven Parade
Hornbeam Road
Reigate
Surrey
RH2 7LL
Reigate Carpet Centre Limited
Balance Sheet
As at 31 July 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
25,337
33,444
Current assets
Stock
12,000
12,000
Debtors
4
90,661
51,937
Cash at bank and in hand
43,522
2,748
146,183
66,685
Creditors: amounts falling due within one year
5
(100,864)
(100,332)
Net current assets/(liabilities)
45,319
(33,647)
Total assets less current liabilities
70,656
(203)
Creditors: amounts falling due after more than one year
6
-
0
(5,351)
Net assets/(liabilities)
70,656
(5,554)
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
70,556
(5,654)
Total equity
70,656
(5,554)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Reigate Carpet Centre Limited
Balance Sheet (Continued)
As at 31 July 2025
Page 2
The financial statements were approved by the board of directors and authorised for issue on 9 December 2025 and are signed on its behalf by:
Mr. K. S. T. Mays
Director
Company Registration No. 05822082
Reigate Carpet Centre Limited
Notes to the Financial Statements
For the year ended 31 July 2025
Page 3
1
Accounting policies
Company information

Reigate Carpet Centre Limited is a private company limited by shares incorporated in England and Wales. The registered office is Betchworth House, 57-65 Station Road, Redhill, Surrey, RH1 1DL.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% Reducing Balance
Computer equipment
25% Reducing Balance
Motor vehicles
25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stock

Stock are stated 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 the stock to their present location and condition.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company only has financial instruments classified as basic and measured at amortised cost. The company has no financial instruments that are classified as 'other' or financial instruments measured at fair value.

Reigate Carpet Centre Limited
Notes to the Financial Statements (Continued)
For the year ended 31 July 2025
1
Accounting policies
(Continued)
Page 4
1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
Reigate Carpet Centre Limited
Notes to the Financial Statements (Continued)
For the year ended 31 July 2025
Page 5
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2024
80,038
Additions
314
At 31 July 2025
80,352
Depreciation and impairment
At 1 August 2024
46,594
Depreciation charged in the year
8,421
At 31 July 2025
55,015
Carrying amount
At 31 July 2025
25,337
At 31 July 2024
33,444
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
61,062
33,183
Other debtors
24,300
13,100
Prepayments and accrued income
5,299
5,654
90,661
51,937
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
0
18,906
Trade creditors
38,074
40,037
Corporation tax
18,693
-
0
Other taxation and social security
15,280
4,078
Other creditors
23,368
31,252
Accruals and deferred income
5,449
6,059
100,864
100,332
Reigate Carpet Centre Limited
Notes to the Financial Statements (Continued)
For the year ended 31 July 2025
Page 6
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
-
5,351
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
100
100
100
100
8
Related party transactions

K.S.T Mays, a director of the company, is the trustee and beneficiary of the Rowanmoor Family Pension Trust. The Trust charged the company rent at open market value of £13,200 (2024: £13,200).

Included within other debtors at the year end was a balance of £24,300 (2024: £1 3,100) due from directors of the company.

During the year the company paid dividends of £24,000 (2024: £nil) to the directors in accordance with their shareholdings.

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