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Registered number: 06186613
Craftwork Carpets Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Peter Jarman LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06186613
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 16,500 24,750
Tangible Assets 5 30,934 6,850
47,434 31,600
CURRENT ASSETS
Stocks 6 5,000 5,000
Debtors 7 332,500 345,560
Cash at bank and in hand 787,547 750,812
1,125,047 1,101,372
Creditors: Amounts Falling Due Within One Year 8 (124,993 ) (186,146 )
NET CURRENT ASSETS (LIABILITIES) 1,000,054 915,226
TOTAL ASSETS LESS CURRENT LIABILITIES 1,047,488 946,826
Creditors: Amounts Falling Due After More Than One Year 9 - (7,500 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (1,713 )
NET ASSETS 1,047,488 937,613
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 1,047,388 937,513
SHAREHOLDERS' FUNDS 1,047,488 937,613
Page 1
Page 2
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr K D Martin
Director
26/05/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Craftwork Carpets Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06186613 . The registered office is St James' Hall, Mill Road, Lancing, West Sussex, BN15 0PT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life

2.4. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 25% on reducing balance
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.6. 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. 
2.7. Pensions
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2024 165,000
As at 31 August 2025 165,000
Amortisation
As at 1 September 2024 140,250
Provided during the period 8,250
As at 31 August 2025 148,500
Net Book Value
As at 31 August 2025 16,500
As at 1 September 2024 24,750
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 September 2024 80,107
Additions 34,395
As at 31 August 2025 114,502
Depreciation
As at 1 September 2024 73,257
Provided during the period 10,311
As at 31 August 2025 83,568
Net Book Value
As at 31 August 2025 30,934
As at 1 September 2024 6,850
6. Stocks
2025 2024
£ £
Stock 5,000 5,000
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Page 5
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 74,911 156,973
Other debtors 175,971 127,352
250,882 284,325
Due after more than one year
Other debtors 81,618 61,235
332,500 345,560
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 59,910 67,346
Bank loans and overdrafts 7,500 10,000
Other creditors 4,830 8,046
Taxation and social security 52,753 100,754
124,993 186,146
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 7,500
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
Rent of £18,000 was paid to Mr K. Martin, a director and shareholder of Craftwork Carpets Limited
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