REGISTERED NUMBER: 04558785 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

J S Carpets Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J H Sutton

Mr J J Sutton

SECRETARY:

Mrs C R Sutton

REGISTERED OFFICE:

Northfield House

Shurdington Road

Bentham

Cheltenham

Gloucestershire

GL51 4UA

REGISTERED NUMBER:

04558785 (England and Wales)

ACCOUNTANTS:

ARC & Co. Accountants Limited

Northfield House

Shurdington Road

Bentham

Cheltenham

Gloucestershire

GL51 4UA

FIXED ASSETS

Tangible assets

4

30,066

39,028

CURRENT ASSETS

Stocks

5

62,500

60,714

Debtors

6

229,479

337,406

Cash at bank

6,182

16,383

298,161

414,503

CREDITORS

Amounts falling due within one year

7

90,833

205,901

NET CURRENT ASSETS

207,328

208,602

TOTAL ASSETS LESS CURRENT LIABILITIES

237,394

247,630

CREDITORS

Amounts falling due after more than one year

8

-

(23,442

)

PROVISIONS FOR LIABILITIES

9

(8,802

)

(8,063

)

NET ASSETS

228,592

216,125

CAPITAL AND RESERVES

Called up share capital

10

3

3

Retained earnings

11

228,589

216,122

SHAREHOLDERS' FUNDS

228,592

216,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

Mr J H Sutton - Director

1.	STATUTORY INFORMATION

J S Carpets Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

6% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

56,967

9,221

28,333

18,784

113,305

DEPRECIATION

At 1 April 2024

25,341

8,069

22,083

18,784

74,277

Charge for year

6,325

553

2,084

-

8,962

At 31 March 2025

31,666

8,622

24,167

18,784

83,239

NET BOOK VALUE

At 31 March 2025

25,301

599

4,166

-

30,066

At 31 March 2024

31,626

1,152

6,250

-

39,028

5.

STOCKS

31.3.25

31.3.24

£

£

Stocks

62,500

60,714

6.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

229,479

337,406

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other loans

23,442

45,220

Trade creditors

24,845

103,591

Corporation tax

17,721

35,726

Social security and other taxes

2,342

2,595

VAT

11,347

7,785

Directors' current accounts

8,511

8,484

Accrued expenses

2,625

2,500

90,833

205,901

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other loans

-

23,442

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

8,802

8,063

Deferred

tax

£

Balance at 1 April 2024

8,063

Provided during year

739

Balance at 31 March 2025

8,802

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

3

Ordinary

£1

3

3

11.

RESERVES

Retained

earnings

£

At 1 April 2024

216,122

Profit for the year

37,467

Dividends

(25,000

)

At 31 March 2025

228,589

12.	RELATED PARTY DISCLOSURES

During the year the director, Mr J H Sutton, made net deposits to his account of £27. The balance on his account at 31 March 2025 was £8,511 in credit (2024 - £8,484).

13.	ULTIMATE CONTROLLING PARTY

The director acknowledges that there is no ultimate controlling party as no individual holds a majority of the company's issued share capital.