Batemans Carpets Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Batemans Carpets Limited is a private company, limited by shares, incorporated in England & Wales, registered number 6347780 . The registered office is 13 Turnpike Close, Norwich, NR6 5BD.

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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. All income is derived from activities within the UK.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0%
Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Batemans Carpets Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	2	2
Sales, marketing and distribution	13	13

	15	15

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 September 2024	7,000

As at 31 August 2025	7,000

Amortisation
As at 1 September 2024	7,000

As at 31 August 2025	7,000

Net Book Value
As at 31 August 2025	-

As at 1 September 2024	-

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost or Valuation
As at 1 September 2024	1,629,690	189,075	236,622	2,055,387
Additions	8,722	6,450	87,981	103,153
Disposals	-	-	(46,069 )	(46,069 )

As at 31 August 2025	1,638,412	195,525	278,534	2,112,471

Depreciation
As at 1 September 2024	-	122,352	139,665	262,017
Provided during the period	-	18,293	42,383	60,676
Disposals	-	-	(30,658 )	(30,658 )

As at 31 August 2025	-	140,645	151,390	292,035

...CONTINUED

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Batemans Carpets Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Net Book Value
As at 31 August 2025	1,638,412	54,880	127,144	1,820,436

As at 1 September 2024	1,629,690	66,723	96,957	1,793,370

6. Stocks

	2025	2024
	£	£
Materials	139,202	145,571

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	180,201	243,491
Prepayments and accrued income	10,917	6,167

	191,118	249,658
Due after more than one year
Directors loan account	23,850	-
Amounts owed by associates	74,010	74,888

	97,860	74,888

	288,978	324,546

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	51,968	39,473
Trade creditors	86,019	98,070
Bank loans and overdrafts	49,018	109,884
Other creditors	3,172	3,870

	190,177	251,297

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	102,016	69,271
Loans (Long term liabilities - creditors > 1 year)	1,651,942	1,638,269
Directors loan account	-	71,668

	1,753,958	1,779,208

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Batemans Carpets Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	51,968	39,473
Later than one year and not later than five years	102,016	69,271

	153,984	108,744

	153,984	108,744

11. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
1,000 Ordinary Shares of £ 1.000 each	1,000	1,000

12. Directors Advances, Credits and Guarantees

Included within Debtors (Creditors 2024) are the following loans to directors:

	As at 1 September 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 August 2025
	£	£	£	£	£
Mr Robert Shearwood	71,668	334,301	238,783	-	23,850

The above loan is unsecured, interest free and repayable on demand.

13. Related Party Transactions

Beeston Garden Centre Limited

R Shearwood is a director and shareholder of Beeston Garden Centre Limited.

There is a loan between the two companies and the outstanding balance at the year end was £13 and is included within Debtors on the Balance Sheet. (£13 Debtor 2024)

RD & D Properties Limited

R Shearwood is a director and shareholder of RD & D Properties Limited.

There is a loan between the two companies and the outstanding balance at the year end was £8,026.14 and is included within Creditors on the Balance Sheet. (£10,626.14 Creditor 2024)

R P Shearwood Properties

R Shearwood is a director and shareholder of R P Shearwood Properties Limited.

There is a loan between the two companies and the outstanding balance at the year end was £669,037.82 and is included within Creditors on the Balance Sheet. (£667,560.15 Creditor 2024)

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Batemans Carpets Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

RPS Maintenance Services Limited

R Shearwood is a director and shareholder of RPS Maintenance Services Limited.

There is a loan between the two companies and the outstanding balance at the year end was £119,482.86 and is included within Creditors on the Balance Sheet. (£133,426.36 Creditor 2024)

R P Shearwood Builders Limited

R Shearwood is a director and shareholder of R P Shearwood Builders Limited.

There is a loan between the two companies and the outstanding balance at the year end was £37,506.75 and is included within Debtors on the Balance Sheet. (£34,033.95 Debtor 2024)

Hart Farm Developments Limited

R Shearwood is a director and shareholder of Hart Farm Developments Limited.

There is a loan between the two companies and the outstanding balance at the year end was £24,071.84 and is included within Debtors on the Balance Sheet. (£37,691.84 Debtor 2024)

R P Shearwood has an interest in all of the above as either a shareholder or partner.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		1,820,436		1,793,370

			1,820,436		1,793,370
CURRENT ASSETS
Stocks	6	139,202		145,571
Debtors	7	288,978		324,546
Cash at bank and in hand		-		13,401

		428,180		483,518
Creditors: Amounts Falling Due Within One Year	8	(190,177 )		(251,297 )

NET CURRENT ASSETS (LIABILITIES)			238,003		232,221

TOTAL ASSETS LESS CURRENT LIABILITIES			2,058,439		2,025,591

Creditors: Amounts Falling Due After More Than One Year	9		(1,753,958 )		(1,779,208 )

NET ASSETS			304,481		246,383

CAPITAL AND RESERVES
Called up share capital	11		1,000		1,000
Profit and Loss Account			303,481		245,383

SHAREHOLDERS' FUNDS			304,481		246,383