1 June 2024 false No description of principal activity Taxfiler 2024.6 14136878 business:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 14136878 2024-05-31 14136878 2024-06-01 2025-05-31 14136878 business:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 14136878 business:FilletedAccounts 2024-06-01 2025-05-31 14136878 2025-05-31 14136878 2024-05-31 14136878 core:WithinOneYear 2025-05-31 14136878 core:WithinOneYear 2024-05-31 14136878 core:ShareCapital core:PreviouslyStatedAmount 2025-05-31 14136878 core:ShareCapital core:PreviouslyStatedAmount 2024-05-31 14136878 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-05-31 14136878 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-05-31 14136878 core:PreviouslyStatedAmount 2025-05-31 14136878 core:PreviouslyStatedAmount 2024-05-31 14136878 business:SmallEntities 2024-06-01 2025-05-31 14136878 business:Director1 2024-06-01 2025-05-31 14136878 countries:EnglandWales 2024-06-01 2025-05-31 14136878 business:RegisteredOffice 2024-06-01 2025-05-31 14136878 core:MotorVehicles 2024-06-01 2025-05-31 14136878 core:MotorVehicles 2024-05-31 14136878 core:MotorVehicles 2025-05-31 14136878 business:OrdinaryShareClass1 2024-06-01 2025-05-31 14136878 business:OrdinaryShareClass1 2023-06-01 2024-05-31 14136878 2023-06-01 2024-05-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 14136878 (England and Wales)
Kibworth Carpets & Flooring Limited Unaudited accounts for the year ended 31 May 2025
Kibworth Carpets & Flooring Limited Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
- 2 -
Kibworth Carpets & Flooring Limited Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
4,989
6,984
Current assets
Debtors
5
288
290
Cash at bank and in hand
173,748
168,539
174,036
168,829
Creditors: amounts falling due within one year
6
(131,312)
(129,312)
Net current assets
42,724
39,517
Total assets less current liabilities
47,713
46,501
Provisions for liabilities
Deferred tax
(948)
(1,327)
Net assets
46,765
45,174
Capital and reserves
Called up share capital
7
1
1
Profit and loss account
46,764
45,173
Shareholders' funds
46,765
45,174
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 director acknowledges his 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 and authorised for issue on 10 February 2026 and were signed on its behalf by
P.D. Ward Director Company Registration No. 14136878
- 3 -
Kibworth Carpets & Flooring Limited Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Kibworth Carpets & Flooring Limited is a private company, limited by shares, registered in England and Wales, registration number 14136878. The registered office is 13 Station Street, Kibworth Beauchamp, Leicestershire, LE8 0LN, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
- 4 -
Kibworth Carpets & Flooring Limited Notes to the Accounts for the year ended 31 May 2025
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:
Motor vehicles
25% on cost
4
Tangible fixed assets
Motor vehicles
£
Cost or valuation
At cost
At 1 June 2024
7,982
At 31 May 2025
7,982
Depreciation
At 1 June 2024
998
Charge for the year
1,995
At 31 May 2025
2,993
Net book value
At 31 May 2025
4,989
At 31 May 2024
6,984
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
288
290
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
6,546
3,254
Taxes and social security
12,069
12,676
Other creditors
108,301
110,686
Accruals
900
900
Deferred income
3,496
1,796
131,312
129,312
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
- 5 -