| City Carpets (Durham) Limited |
| Registered number: |
05222235 |
| Balance Sheet |
| as at 30 September 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
6,216 |
|
|
4,241 |
|
| Current assets |
| Stocks |
|
|
1,609 |
|
|
1,295 |
| Debtors |
4 |
|
2,355 |
|
|
6,535 |
| Cash at bank and in hand |
|
|
49,110 |
|
|
47,950 |
|
|
|
53,074 |
|
|
55,780 |
|
| Creditors: amounts falling due within one year |
5 |
|
(47,563) |
|
|
(34,782) |
|
| Net current assets |
|
|
|
5,511 |
|
|
20,998 |
|
| Total assets less current liabilities |
|
|
|
11,727 |
|
|
25,239 |
|
|
| Provisions for liabilities |
|
|
|
(1,181) |
|
|
(806) |
|
|
| Net assets |
|
|
|
10,546 |
|
|
24,433 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
150 |
|
|
150 |
| Profit and loss account |
|
|
|
10,396 |
|
|
24,283 |
|
| Shareholder's funds |
|
|
|
10,546 |
|
|
24,433 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| P Wilson |
| Director |
| Approved by the board on 10 February 2026 |
|
| City Carpets (Durham) Limited |
| Notes to the Accounts |
| for the year ended 30 September 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets as follows: |
|
|
Plant and machinery |
15% reducing balance |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 October 2024 |
16,884 |
|
Additions |
3,116 |
|
Disposals |
(1,276) |
|
At 30 September 2025 |
18,724 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2024 |
12,643 |
|
Charge for the year |
816 |
|
On disposals |
(951) |
|
At 30 September 2025 |
12,508 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2025 |
6,216 |
|
At 30 September 2024 |
4,241 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
- |
|
2,696 |
|
Other debtors |
2,355 |
|
3,839 |
|
|
|
|
|
|
2,355 |
|
6,535 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
13,815 |
|
21,854 |
|
Taxation and social security costs |
8,381 |
|
6,179 |
|
Directors loan account |
25,367 |
|
6,749 |
|
|
|
|
|
|
47,563 |
|
34,782 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
P Wilson |
|
Directors loan account |
6,745 |
|
(29,476) |
|
48,095 |
|
25,364 |
|
|
|
6,745 |
|
(29,476) |
|
48,095 |
|
25,364 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Controlling party |
|
|
The company was controlled by the director. |
|
|
| 8 |
Other information |
|
|
City Carpets (Durham) Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
|
4 High Street |
|
Stanley |
|
Co Durham |
|
DH9 0DQ |