DAVE'S CARPET WAREHOUSE LTD - Filleted accounts

Registered number

14065018

DAVE'S CARPET WAREHOUSE LTD

Filleted Accounts

31 March 2025

DAVE'S CARPET WAREHOUSE LTD
Registered number:		14065018
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		13,667			16,100

Current assets
Stocks		95,275			98,000
Debtors	4	9,200			15,383
Cash at bank and in hand		530,306			366,402
		634,781			479,785

Creditors: amounts falling due within one year	5	(516,709)			(391,157)

Net current assets			118,072			88,628

Total assets less current liabilities			131,739			104,728

Creditors: amounts falling due after more than one year	6		(5,827)			(14,101)

Net assets			125,912			90,627

Capital and reserves
Called up share capital			100			100
Share premium			53,719			53,719
Profit and loss account			72,093			36,808

Shareholders' funds			125,912			90,627

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr D Todd
Director
Approved by the board on 27 December 2025

DAVE'S CARPET WAREHOUSE LTD
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:


	Motor vehicles	20% per annum reducing balance basis
	Plant and machinery	20% per annum reducing balance basis


	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.



2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			5		5



3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	4,421		15,704		20,125
	Additions	983		-		983
	At 31 March 2025	5,404		15,704		21,108

	Depreciation
	At 1 April 2024	884		3,141		4,025
	Charge for the year	903		2,513		3,416
	At 31 March 2025	1,787		5,654		7,441

	Net book value
	At 31 March 2025	3,617		10,050		13,667
	At 31 March 2024	3,537		12,563		16,100


4	Debtors			2025		2024
£					£

	Trade debtors			9,200		15,383



5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			8,065		7,856
	Trade creditors			167,718		94,895
	Corporation tax			52,494		26,743
	Taxation and social security costs			31,261		15,212
	Other creditors - director's loan account			257,171		246,451
				516,709		391,157


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			5,827		14,101



7	Events after the reporting date
	There were no events after the reporting date which would affect the user's understanding of these accounts.


8	Contingent liabilities
	There were no contingent liabilities in existence at the year end.


9	Controlling party
	The company is controlled by the director, Mr D Todd and his wife, who between them hold 100% of the issued ordinary share capital.


10	Other information

	DAVE'S CARPET WAREHOUSE LTD is a private company limited by shares and incorporated in England. Its registered office is:
	24 Oswald Road
	Chorlton Cum Hardy
	Manchester
	M21 9LP