REGISTERED NUMBER: NI018227 (Northern Ireland)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Carpetworld (N.I.) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs G Kieran

Mr A J Kieran

Mrs M Kieran

REGISTERED OFFICE:

Unit 6

D.c. Silencers Complex

Kennedy Way

Belfast

BT11 9AP

REGISTERED NUMBER:

NI018227 (Northern Ireland)

ACCOUNTANTS:

M.B.McGrady & Co

Chartered Accountants

Suite 2B

Cadogan House

322 Lisburn Road

Belfast

Co. Antrim

BT9 6GH

FIXED ASSETS

Tangible assets

4

5,973

17,651

CURRENT ASSETS

Stocks

156,792

204,253

Debtors

5

253,272

121,847

Cash at bank

60,207

74,331

470,271

400,431

CREDITORS

Amounts falling due within one year

6

449,162

385,510

NET CURRENT ASSETS

21,109

14,921

TOTAL ASSETS LESS CURRENT LIABILITIES

27,082

32,572

CREDITORS

Amounts falling due after more than one year

7

(3,200

)

(17,503

)

PROVISIONS FOR LIABILITIES

(1,493

)

(4,413

)

NET ASSETS

22,389

10,656

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

22,387

10,654

22,389

10,656

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 8 May 2026 and were signed on its behalf by:

Mrs M Kieran - Director

1.	STATUTORY INFORMATION

Carpetworld (N.I.) Limited is a private company, limited by shares , registered in Northern Ireland. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

15% on cost and not provided

Plant and machinery etc

-

25% on cost and 15% on cost

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.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 September 2024

and 31 August 2025

52,960

156,686

209,646

DEPRECIATION

At 1 September 2024

52,960

139,035

191,995

Charge for year

-

11,678

11,678

At 31 August 2025

52,960

150,713

203,673

NET BOOK VALUE

At 31 August 2025

-

5,973

5,973

At 31 August 2024

-

17,651

17,651

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/25

31/8/24

£

£

Trade debtors

249,277

97,208

Amounts recoverable on contract

-

19,212

Other debtors

3,995

5,427

253,272

121,847

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/25

31/8/24

£

£

Bank loans and overdrafts

7,903

10,310

Hire purchase contracts

6,400

6,400

Trade creditors

217,637

214,832

Taxation and social security

99,965

65,085

Other creditors

117,257

88,883

449,162

385,510

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/8/25

31/8/24

£

£

Bank loans

-

7,903

Hire purchase contracts

3,200

9,600

3,200

17,503

8.	RELATED PARTY DISCLOSURES

The company rents premises at Kennedy Way, Belfast which are owned by John & Margaret Kieran. Rent paid by the company to John & Margaret Kieran amounted to £NIL (2024- £NIL). At the balance sheet date the amount owed to John & Margaret Kieran was £29,058 (2024- £29,943).

The company rents premises at Saintfield Road, Belfast. The premises are owned by Connor & James Kieran, children of the directors Anthony & Geraldine Kieran. Rent paid by the company in the year amounted to £24,000 (2024- £24,000).

At the balance sheet date the amount owed to Anthony and Geraldine Kieran was £4,796 (2024- £5,300).