Aspley Carpets Limited 06258606 false 2024-07-01 2025-06-30 2025-06-30 The principal activity of the company is carpet retailer. Digita Accounts Production Advanced 6.30.9574.0 true 06258606 2024-07-01 2025-06-30 06258606 2025-06-30 06258606 bus:Director3 1 2025-06-30 06258606 core:CurrentFinancialInstruments 2025-06-30 06258606 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 06258606 core:Non-currentFinancialInstruments 2025-06-30 06258606 core:Non-currentFinancialInstruments core:AfterOneYear 2025-06-30 06258606 core:Goodwill 2025-06-30 06258606 core:FurnitureFittingsToolsEquipment 2025-06-30 06258606 core:MotorVehicles 2025-06-30 06258606 bus:SmallEntities 2024-07-01 2025-06-30 06258606 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 06258606 bus:FilletedAccounts 2024-07-01 2025-06-30 06258606 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 06258606 bus:RegisteredOffice 2024-07-01 2025-06-30 06258606 bus:Director3 2024-07-01 2025-06-30 06258606 bus:Director3 1 2024-07-01 2025-06-30 06258606 bus:Director4 2024-07-01 2025-06-30 06258606 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 06258606 core:Goodwill 2024-07-01 2025-06-30 06258606 core:ComputerEquipment 2024-07-01 2025-06-30 06258606 core:FurnitureFittings 2024-07-01 2025-06-30 06258606 core:FurnitureFittingsToolsEquipment 2024-07-01 2025-06-30 06258606 core:MotorVehicles 2024-07-01 2025-06-30 06258606 countries:EnglandWales 2024-07-01 2025-06-30 06258606 2024-06-30 06258606 bus:Director3 1 2024-06-30 06258606 core:Goodwill 2024-06-30 06258606 core:FurnitureFittingsToolsEquipment 2024-06-30 06258606 core:MotorVehicles 2024-06-30 06258606 2023-07-01 2024-06-30 06258606 2024-06-30 06258606 bus:Director3 1 2024-06-30 06258606 core:CurrentFinancialInstruments 2024-06-30 06258606 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 06258606 core:Non-currentFinancialInstruments 2024-06-30 06258606 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 06258606 core:FurnitureFittingsToolsEquipment 2024-06-30 06258606 core:MotorVehicles 2024-06-30 06258606 bus:Director3 1 2023-07-01 2024-06-30 06258606 bus:Director3 1 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 06258606

Aspley Carpets Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 June 2025

Aspley Carpets Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

Aspley Carpets Limited

Company Information

Directors | J Ewens S L Ewens-Smythe

Registered office | The Old Mission Colne Street Aspley Huddersfield West Yorkshire HD1 3BS

Aspley Carpets Limited

(Registration number: 06258606)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 5,218 | 6,677
Current assets |  |  |
Stocks | 6 | 9,400 | 11,250
Debtors | 7 | 269,746 | 82,814
Cash at bank and in hand |  | 6,288 | 107,178
|  | 285,434 | 201,242
Creditors: Amounts falling due within one year | 8 | (84,942) | (67,790)
Net current assets |  | 200,492 | 133,452
Total assets less current liabilities |  | 205,710 | 140,129
Creditors: Amounts falling due after more than one year | 8 | - | (9,882)
Provisions for liabilities |  | (1,340) | (1,669)
Net assets |  | 204,370 | 128,578
Capital and reserves |  |  |
Called up share capital |  | 220 | 220
Retained earnings |  | 204,150 | 128,358
Shareholders' funds |  | 204,370 | 128,578

Aspley Carpets Limited

(Registration number: 06258606)
Balance Sheet as at 30 June 2025

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 December 2025 and signed on its behalf by:

......................................... J Ewens Director

Aspley Carpets Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Old Mission
Colne Street
Aspley
Huddersfield
West Yorkshire
HD1 3BS

These financial statements were authorised for issue by the Board on 12 December 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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 taxable income.

Aspley Carpets Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor Vehicles | 20% on reducing balance
Fixtures and Fittings | 15% on reducing balance
Computer Equipment | 33% on straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | Straight line over 10 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Aspley Carpets Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Aspley Carpets Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 July 2024 | 240,000 | 240,000
At 30 June 2025 | 240,000 | 240,000
Amortisation
At 1 July 2024 | 240,000 | 240,000
At 30 June 2025 | 240,000 | 240,000
Carrying amount
At 30 June 2025 | - | -

Aspley Carpets Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

5 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 July 2024 | 10,233 | 32,500 | 42,733
Disposals | - | (8,000) | (8,000)
At 30 June 2025 | 10,233 | 24,500 | 34,733
Depreciation
At 1 July 2024 | 9,766 | 26,290 | 36,056
Charge for the year | 73 | 1,206 | 1,279
Eliminated on disposal | - | (7,820) | (7,820)
At 30 June 2025 | 9,839 | 19,676 | 29,515
Carrying amount
At 30 June 2025 | 394 | 4,824 | 5,218
At 30 June 2024 | 467 | 6,210 | 6,677

6 | Stocks

| 2025 £ | 2024 £
Finished goods and goods for resale | 9,400 | 11,250

7 | Debtors

| 2025 £ | 2024 £
Trade debtors | 15,037 | 12,198
Prepayments | 655 | 625
Other debtors | 254,054 | 69,991
| 269,746 | 82,814

Aspley Carpets Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 23,574 | 26,904
Trade creditors |  | 7,915 | 19,594
Taxation and social security |  | 52,046 | 19,890
Accruals and deferred income |  | 1,055 | 975
Other creditors |  | 352 | 427
|  | 84,942 | 67,790

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | - | 9,882

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 9,882

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 9,623 | 10,000
Bank overdrafts | 13,951 | 16,904
| 23,574 | 26,904

Aspley Carpets Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

10 | Related party transactions

Transactions with directors

2025 | At 1 July 2024 £ | Advances to director £ | Repayments by director £ | At 30 June 2025 £
J Ewens
Advances were granted during the year, by the entity, to the directors. These advances were unsecured, interest has been charged at 2.25% with no fixed repayment and are repayable on demand. | 69,992 | 247,054 | (69,992) | 247,054

2024 | At 1 July 2023 £ | Advances to director £ | Repayments by director £ | At 30 June 2024 £
J Ewens
Advances were granted during the year, by the entity, to the directors. These advances were unsecured, interest has been charged at 2.25% with no fixed repayment and are repayable on demand. | 175,207 | 69,992 | (175,207) | 69,992