ACCOUNTS - Final Accounts

Commitments under operating leases

At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Company Registration Number: 4179261

FACTOREND LIMITED T/A SHAW CARPETS

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FACTOREND LIMITED T/A SHAW CARPETS

REGISTERED NUMBER: 4179261

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	5		31,992		32,913
			31,992		32,913
Current assets
Stocks		160,693		210,290
Debtors: amounts falling due within one year	6	265,857		185,600
Cash at bank and in hand	7	159,825		264,956
		586,375		660,846
Creditors: amounts falling due within one year	8	(74,024)		(113,632)
Net current assets			512,351		547,214
Total assets less current liabilities			544,343		580,127
Provisions for liabilities
Deferred tax	9	(5,564)		(7,212)
			(5,564)		(7,212)
Net assets			538,779		572,915

Capital and reserves
Called up share capital	10	350	350
Profit and loss account		538,429	572,565
		538,779	572,915

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FACTOREND LIMITED T/A SHAW CARPETS

REGISTERED NUMBER: 4179261

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 December 2025.

A L Spencer

Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

FACTOREND LIMITED T/A SHAW CARPETS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Factorend Limited is a private company limited by shares, incorporated in England with a registered number of 04179261. The registered office of the company is Shaw Carpets, Darton Business Park, Barnsley Road, Barnsley, South Yorkshire, S75 5QX.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

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FACTOREND LIMITED T/A SHAW CARPETS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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FACTOREND LIMITED T/A SHAW CARPETS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.7

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery	-	15% Reducing balance
Motor vehicles	-	25% Reducing balance
Fixtures and fittings	-	15% Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, during the year was as follows:

	2025	2024
	No.	No.

Average number of employees	7	7

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FACTOREND LIMITED T/A SHAW CARPETS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Intangible assets

	Brand name	Goodwill	Total
	£	£	£
Cost
At 1 April 2024	1,750	15,000	16,750
At 31 March 2025	1,750	15,000	16,750
Amortisation
At 1 April 2024	1,750	15,000	16,750
At 31 March 2025	1,750	15,000	16,750
Net book value
At 31 March 2025	-	-	-
At 31 March 2024	-	-	-

5.	Tangible fixed assets

	Plant and machinery	Motor vehicles	Fixtures and fittings	Total
	£	£	£	£
Cost or valuation
At 1 April 2024	2,000	41,097	30,020	73,117
Additions	-	-	5,250	5,250
At 31 March 2025	2,000	41,097	35,270	78,367
Depreciation
At 1 April 2024	1,952	18,443	19,809	40,204
Charge for the year on owned assets	7	3,976	2,188	6,171
At 31 March 2025	1,959	22,419	21,997	46,375
Net book value
At 31 March 2025	41	18,678	13,273	31,992
At 31 March 2024	48	22,654	10,211	32,913

Page 6

FACTOREND LIMITED T/A SHAW CARPETS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Trade debtors	754	-
Other debtors	259,489	183,712
Prepayments and accrued income	5,614	1,888
	265,857	185,600

7.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	159,825	264,956
	159,825	264,956

8.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	45,441	59,042
Corporation tax	-	32,117
Other taxation and social security	18,973	10,885
Other creditors	801	4
Accruals and deferred income	8,809	11,584
	74,024	113,632

9.	Deferred taxation

	2025	2024
	£	£

At beginning of year	(7,212)	(5,369)
Charged to profit or loss	1,648	(1,843)
At end of year	(5,564)	(7,212)

Page 7

FACTOREND LIMITED T/A SHAW CARPETS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

	Accelerated capital allowances	(5,564)	(7,212)
		(5,564)	(7,212)

10.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 - 100) Ordinary shares of £1.00 each	100	100
30 (2024 - 30) Ordinary A shares of £1.00 each	30	30
50 (2024 - 50) Ordinary B shares of £1.00 each	50	50
50 (2024 - 50) Ordinary C shares of £1.00 each	50	50
50 (2024 - 50) Ordinary D shares of £1.00 each	50	50
10 (2024 - 10) Ordinary E shares of £1.00 each	10	10
10 (2024 - 10) Ordinary F shares of £1.00 each	10	10
10 (2024 - 10) Ordinary G shares of £1.00 each	10	10
10 (2024 - 10) Ordinary H shares of £1.00 each	10	10
10 (2024 - 10) Ordinary I shares of £1.00 each	10	10
10 (2024 - 10) Ordinary J shares of £1.00 each	10	10
10 (2024 - 10) Ordinary K shares of £1.00 each	10	10

	350	350

11.	Pension commitments

There are no pension contributions outstanding at the current or previous year end.

	Not later than 1 year	20,152	20,152
		20,152	20,152

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