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REGISTERED NUMBER: 04751848 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

BERNIE ATHERTON CARPETS LIMITED

BERNIE ATHERTON CARPETS LIMITED (REGISTERED NUMBER: 04751848) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 May 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| BERNIE ATHERTON CARPETS LIMITED |

COMPANY INFORMATION

for the year ended 31 May 2025

| DIRECTORS: | Mr I D Atherton

| Mrs S T Atherton

| REGISTERED OFFICE: | 17 St Peters Place

| Fleetwood

| Lancashire

| FY7 6EB

| REGISTERED NUMBER: | 04751848 (England and Wales)

| ACCOUNTANTS: | Xeinadin

| 17 St Peters Place

| Fleetwood

| Lancashire

| FY7 6EB

BERNIE ATHERTON CARPETS LIMITED (REGISTERED NUMBER: 04751848) |

BALANCE SHEET

31 May 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 45,209 |  | 50,939 |  |

Investment property | 5 | 335,762 |  | 335,762 |  |

380,971 |  | 386,701 |  |

CURRENT ASSETS

Stocks | 367,278 |  | 372,198 |  |

Debtors | 6 | 140,509 |  | 97,672 |  |

Cash at bank and in hand | 112,347 |  | 145,369 |  |

620,134 |  | 615,239 |  |

CREDITORS

Amounts falling due within one year | 7 | (130,452 | ) | (125,951 | ) |

NET CURRENT ASSETS | 489,682 |  | 489,288 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 870,653 |  | 875,989 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (55,764 | ) | (75,642 | ) |

PROVISIONS FOR LIABILITIES | (21,636 | ) | (24,143 | ) |

NET ASSETS | 793,253 |  | 776,204 |  |

CAPITAL AND RESERVES

Called up share capital | 130 |  | 130 |  |

Fair value reserve | 68,178 |  | 68,178 |  |

Retained earnings | 724,945 |  | 707,896 |  |

SHAREHOLDERS' FUNDS | 793,253 |  | 776,204 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BERNIE ATHERTON CARPETS LIMITED (REGISTERED NUMBER: 04751848) |

BALANCE SHEET - continued

31 May 2025

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2026 and were signed on its behalf by:

Mr I D Atherton - Director

BERNIE ATHERTON CARPETS LIMITED (REGISTERED NUMBER: 04751848) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 May 2025

1. | STATUTORY INFORMATION

| Bernie Atherton Carpets Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Turnover

| Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Freehold property | - | 5% on cost

| Plant and machinery | - | 20% on cost

| Fixtures and fittings | - | 20% on cost

| Motor vehicles | - | 20% on cost

| Computer equipment | - | 33% on cost

| Tangible fixed assets held for the company’s own use are stated at cost less accumulated depreciation and accumulated impairment losses.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| No depreciation is provided on investment properties which is a departure from the requirements of the Companies Act 2006. In the opinion of the directors these properties are held primarily for their investment potential and so their current value is of more significance than any measure of consumption and to depreciate them would not give a true and fair view. The provisions of FRS102 Section 1A (effective January 2016) in respect of investment properties have therefore been adopted in order to give a true and fair view. If this departure from the Act had not been made, the profit for the year would have been reduced by depreciation. However the amount of the depreciation cannot reasonably be quantified and the amount which might otherwise have been shown cannot be separately identified or quantified.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

BERNIE ATHERTON CARPETS LIMITED (REGISTERED NUMBER: 04751848) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 May 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Provisions for liabilities

| Provisions are recognised where there is a legal or constructive obligation to transfer economic benefits as a result of a past event and it is probable that an outflow of economic benefits will be required to settle the obligation. Where the company expects some or all of a provision to be reimbursed, the reimbursement is only recognised as a separate asset if recovery is virtually certain

| Going concern

| The directors are satisfied at the time of approving the financial statements that the company has adequate resources to continue to operate for the foreseeable future and as such, continues to adopt the going concern basis in preparing the financial statements.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2024 - 3 ) .

BERNIE ATHERTON CARPETS LIMITED (REGISTERED NUMBER: 04751848) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 May 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures

| Freehold |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 June 2024 | 4,750 |  | 30,900 |  | 29,191 |  |

| Additions | - |  | - |  | - |  |

| At 31 May 2025 | 4,750 |  | 30,900 |  | 29,191 |  |

| DEPRECIATION

| At 1 June 2024 | 713 |  | 22,101 |  | 22,468 |  |

| Charge for year | 238 |  | 4,399 |  | 2,930 |  |

| At 31 May 2025 | 951 |  | 26,500 |  | 25,398 |  |

| NET BOOK VALUE

| At 31 May 2025 | 3,799 |  | 4,400 |  | 3,793 |  |

| At 31 May 2024 | 4,037 |  | 8,799 |  | 6,723 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 June 2024 | 122,800 |  | 4,585 |  | 192,226 |  |

| Additions | 15,000 |  | - |  | 15,000 |  |

| At 31 May 2025 | 137,800 |  | 4,585 |  | 207,226 |  |

| DEPRECIATION

| At 1 June 2024 | 92,480 |  | 3,525 |  | 141,287 |  |

| Charge for year | 12,898 |  | 265 |  | 20,730 |  |

| At 31 May 2025 | 105,378 |  | 3,790 |  | 162,017 |  |

| NET BOOK VALUE

| At 31 May 2025 | 32,422 |  | 795 |  | 45,209 |  |

| At 31 May 2024 | 30,320 |  | 1,060 |  | 50,939 |  |

BERNIE ATHERTON CARPETS LIMITED (REGISTERED NUMBER: 04751848) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 May 2025

4. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 June 2024 | 58,500 |  |

| Additions | 15,000 |  |

| At 31 May 2025 | 73,500 |  |

| DEPRECIATION

| At 1 June 2024 | 28,180 |  |

| Charge for year | 12,898 |  |

| At 31 May 2025 | 41,078 |  |

| NET BOOK VALUE

| At 31 May 2025 | 32,422 |  |

| At 31 May 2024 | 30,320 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 June 2024

| and 31 May 2025 | 335,762 |  |

| NET BOOK VALUE

| At 31 May 2025 | 335,762 |  |

| At 31 May 2024 | 335,762 |  |

| Fair value at 31 May 2025 is represented by:

£ |

| Valuation in 2022 | 82,018 |  |

| Cost | 253,744 |  |

335,762 |  |

| If investment property had not been revalued it would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 253,744 |  | 253,744 |  |

| Investment property was valued on an open market basis on 31 May 2025 by the directors. .

BERNIE ATHERTON CARPETS LIMITED (REGISTERED NUMBER: 04751848) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 May 2025

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 35,273 |  | 37,660 |  |

| Other debtors | 44,315 |  | 27,287 |  |

| Directors' current accounts | 40,379 |  | 25,592 |  |

| Tax | 13,628 |  | - |  |

| Prepayments | 6,914 |  | 7,133 |  |

140,509 |  | 97,672 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 13,768 |  | 10,527 |  |

| Hire purchase contracts (see note 9) | 16,804 |  | 12,194 |  |

| Trade creditors | 37,772 |  | 44,115 |  |

| Tax | 19,708 |  | 18,843 |  |

| Social security and other taxes | 980 |  | 305 |  |

| VAT | 36,705 |  | 35,477 |  |

| Accruals and deferred income | 4,715 |  | 4,490 |  |

130,452 |  | 125,951 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 30,791 |  | 48,030 |  |

| Hire purchase contracts (see note 9) | 24,973 |  | 27,612 |  |

55,764 |  | 75,642 |  |

| Bank loans outstanding at the year end amounted to £44,549 (2024 - £58,543) and include instalments due after more than five years of £NIL (2024 - £18,975).

9. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 16,804 |  | 12,194 |  |

| Between one and five years | 24,973 |  | 27,612 |  |

41,777 |  | 39,806 |  |

BERNIE ATHERTON CARPETS LIMITED (REGISTERED NUMBER: 04751848) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 May 2025

9. | LEASING AGREEMENTS - continued

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | - |  | 1,308 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 41,777 |  | 39,806 |  |

| The hire purchase is secured over the assets to which it relates.

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 May 2025 and 31 May 2024:

2025 | 2024 |

£ | £ |

| Mr I D Atherton and Mrs S T Atherton

| Balance outstanding at start of year | 25,592 |  | - |  |

| Amounts advanced | 31,287 |  | 25,592 |  |

| Amounts repaid | (16,500 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 40,379 |  | 25,592 |  |

| The advance to the directors is unsecured and repayable on demand. Interest is being charged at the HMRC rate applicable to beneficial loan arrangements.