Company Registration No. 07913069 (England and Wales)
Cosi Carpets Ltd
Unaudited accounts
for the year ended 31 May 2025
Cosi Carpets Ltd
Unaudited accounts
Contents
Cosi Carpets Ltd
Company Information
for the year ended 31 May 2025
Directors
Baljinder Singh
Amol Khullar
Mr Harmandeep Singh Grewal
Company Number
07913069 (England and Wales)
Registered Office
343 Bath Road
Slough
SL1 5PR
Accountants
ABMO Consultancy
37 Taplow Road
Taplow
South Bucks
SL6 0JN
Cosi Carpets Ltd
Statement of financial position
as at 31 May 2025
Tangible assets
44,147
39,447
Cash at bank and in hand
73,224
45,088
Creditors: amounts falling due within one year
(383,354)
(361,978)
Net current assets
406,804
367,117
Total assets less current liabilities
450,951
406,564
Provisions for liabilities
Deferred tax
(8,388)
(7,495)
Net assets
442,563
399,069
Called up share capital
200
200
Profit and loss account
442,363
398,869
Shareholders' funds
442,563
399,069
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2025 and were signed on its behalf by
Amol Khullar
Director
Company Registration No. 07913069
Cosi Carpets Ltd
Notes to the Accounts
for the year ended 31 May 2025
Cosi Carpets Ltd is a private company, limited by shares, registered in England and Wales, registration number 07913069. The registered office is 343 Bath Road, Slough, SL1 5PR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Building – straight-line over 15 years
Motor vehicles
25 % reducing balance
Fixtures & fittings
25 % reducing balance
Computer equipment
25 % reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The financial statements have been prepared using the going concern basis of accounting. The Directors further confirm that the company has adequate resources to continue in operational existence for the foreseeable future.
Cosi Carpets Ltd
Notes to the Accounts
for the year ended 31 May 2025
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2024
14,338
60,190
27,158
-
101,686
Additions
-
-
2,100
15,000
17,100
At 31 May 2025
14,338
60,190
29,258
15,000
118,786
At 1 June 2024
3,568
32,861
25,810
-
62,239
Charge for the year
956
6,832
862
3,750
12,400
At 31 May 2025
4,524
39,693
26,672
3,750
74,639
At 31 May 2025
9,814
20,497
2,586
11,250
44,147
At 31 May 2024
10,770
27,329
1,348
-
39,447
Amounts falling due within one year
Trade debtors
155,550
143,892
Other debtors
364,974
318,423
Amounts falling due after more than one year
Amounts due from group undertakings etc.
138,442
138,442
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
85,698
116,696
Obligations under finance leases and hire purchase contracts
9,104
21,786
Trade creditors
144,235
137,040
Taxes and social security
13,383
24,747
Loans from directors
113,684
55,051
7
Average number of employees
During the year the average number of employees was 5 (2024: 5).