Company registration number 04784821 (England and Wales)
S & G CARPETS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
S & G CARPETS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
S & G CARPETS LIMITED
BALANCE SHEET
AS AT 31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1
1
Tangible assets
4
191,077
205,011
191,078
205,012
Current assets
Stocks
30,625
52,696
Debtors
5
75,147
70,389
Cash at bank and in hand
416
3,288
106,188
126,373
Creditors: amounts falling due within one year
6
(143,446)
(136,043)
Net current liabilities
(37,258)
(9,670)
Total assets less current liabilities
153,820
195,342
Creditors: amounts falling due after more than one year
7
(44,257)
(63,195)
Provisions for liabilities
8
(7,152)
(10,027)
Net assets
102,411
122,120
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
102,311
122,020
Total equity
102,411
122,120

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

S & G CARPETS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2025
31 August 2025
- 2 -

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 16 May 2026
Mr G N Sing
Director
Company Registration No. 04784821
S & G CARPETS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -
1
Accounting policies
Company information

S & G Carpets Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Summit, Woodwater Park, Pynes Hill, Exeter, United Kingdom, EX2 5WS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT. Turnover represents the supply and fitting of carpets and other floor coverings.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% per annum on cost (buildings only)
Plant and machinery
10% per annum on net book value
Fixtures, fittings & equipment
10% per annum on net book value
Computer equipment
33% per annum on cost
Motor vehicles
25% per annum on net book value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and net realisable value. Stocks comprise of floor laying consumables, flooring offcuts and stock carpets and vinyl.

1.5
Equity instruments

Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

S & G CARPETS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

1.7
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
7
3
Intangible fixed assets
Goodwill
£
Cost
At 1 September 2024 and 31 August 2025
30,000
Amortisation and impairment
At 1 September 2024 and 31 August 2025
29,999
Carrying amount
At 31 August 2025
1
At 31 August 2024
1
S & G CARPETS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 5 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 September 2024
183,000
144,651
327,651
Additions
-
0
1,396
1,396
Disposals
-
0
(38,715)
(38,715)
At 31 August 2025
183,000
107,332
290,332
Depreciation and impairment
At 1 September 2024
18,097
104,543
122,640
Depreciation charged in the year
2,434
7,922
10,356
Eliminated in respect of disposals
-
0
(33,741)
(33,741)
At 31 August 2025
20,531
78,724
99,255
Carrying amount
At 31 August 2025
162,469
28,608
191,077
At 31 August 2024
164,903
40,108
205,011

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
18,907
10,628
Other debtors
56,240
59,761
75,147
70,389
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
34,317
21,039
Trade creditors
47,225
51,791
Taxation and social security
27,408
29,597
Other creditors
34,496
33,616
143,446
136,043
S & G CARPETS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
6
Creditors: amounts falling due within one year
(Continued)
- 6 -

Bank loans (excluding the Covid bounce back loan) are secured upon the trade and assets of the company.

Other creditors includes a balance of £5,249 (2024 - £9,921) relating to hire purchase agreements which is secured on the asset to which it relates.

7
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
44,257
57,946
Other creditors
-
5,249
44,257
63,195
Creditors which fall due after five years are payable as follows:
Payable by instalments
11,708
28,793

Bank loans (excluding the Covid bounce back loan) are secured upon the trade and assets of the company.

Other creditors includes a balance of £0 (2024 - £5,249) relating to hire purchase agreements which is secured on the asset to which it relates.

8
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
7,152
10,027
9
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
One director
2.86
57,174
60,138
1,876
(66,302)
52,886
57,174
60,138
1,876
(66,302)
52,886

The loan to the director was unsecured and repayable on demand.

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