Carpetco Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04259211

CARPETCO LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

26 July 2025

CARPETCO LIMITED

STATEMENT OF FINANCIAL POSITION

26 July 2025

	2025		2024
Note	£	£	£

FIXED ASSETS

Tangible assets	6		538,759	532,022

CURRENT ASSETS

Stocks		194,828	201,328
Debtors	7	309,589	272,601
Cash at bank and in hand		1,091,746	978,264
		------------	------------
		1,596,163	1,452,193

CREDITORS: amounts falling due within one year	8	( 334,593)		( 207,783)
		------------		------------
NET CURRENT ASSETS			1,261,570	1,244,410
			------------	------------
TOTAL ASSETS LESS CURRENT LIABILITIES			1,800,329	1,776,432

PROVISIONS

Taxation including deferred tax	( 7,376)	( 5,042)
	------------	------------
NET ASSETS	1,792,953	1,771,390
	------------	------------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	1,792,853	1,771,290
	------------	------------
SHAREHOLDERS FUNDS	1,792,953	1,771,390
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 26 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

CARPETCO LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

26 July 2025

These financial statements were approved by the board of directors and authorised for issue on 24 April 2026 , and are signed on behalf of the board by:

I. Pargeter
Director

Company registration number: 04259211

CARPETCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 26 JULY 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Leathley Road, Leeds, LS10 1BG.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represented the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts for on-going services is recognised by reference to the stage of completion.

Deferred tax

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

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation to date.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Plant and machinery	-	20% straight line
Fixtures and fittings	-	20% straight line
Motor vehicles	-	25% straight line

	Computer equipment	-	33% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. TAX ON PROFIT

Major components of tax expense

		Period from
	Year to	29 Jul 23 to
	26 Jul 25	26 Jul 24
	£	£

Current tax:

UK current tax expense	7,615	34,980
Adjustments in respect of prior periods	–	( 1,878)
	-------	--------
Total current tax	7,615	33,102
	-------	--------

Deferred tax:

Origination and reversal of timing differences	2,334	( 879)
	-------	--------
Tax on profit	9,949	32,223
	-------	--------

6. TANGIBLE ASSETS

	Freehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Computer equipment	Total
	£	£	£	£	£	£
Cost
At 27 Jul 2024	733,180	29,443	82,313	116,696	9,749	971,381
Additions	–	12,727	2,277	19,000	–	34,004
Disposals	–	–	–	( 63,325)	–	( 63,325)
	---------	--------	--------	---------	-------	---------
At 26 Jul 2025	733,180	42,170	84,590	72,371	9,749	942,060
	---------	--------	--------	---------	-------	---------
Depreciation
At 27 Jul 2024	221,325	28,807	76,722	103,296	9,209	439,359
Charge for the year	10,120	1,444	846	7,058	540	20,008
Disposals	–	–	–	( 56,066)	–	( 56,066)
	---------	--------	--------	---------	-------	---------
At 26 Jul 2025	231,445	30,251	77,568	54,288	9,749	403,301
	---------	--------	--------	---------	-------	---------
Carrying amount
At 26 Jul 2025	501,735	11,919	7,022	18,083	–	538,759
	---------	--------	--------	---------	-------	---------
At 26 Jul 2024	511,855	636	5,591	13,400	540	532,022
	---------	--------	--------	---------	-------	---------

7. DEBTORS

	2025	2024
	£	£
Trade debtors	117,502	84,843
Other debtors	192,087	187,758
	---------	---------
	309,589	272,601
	---------	---------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	258,643	133,806
Corporation tax	43,708	45,455
Social security and other taxes	25,088	22,043
Other creditors	7,154	6,479
	---------	---------
	334,593	207,783
	---------	---------