REGISTERED NUMBER: 04789397 (England and Wales)

Financial Statements for the Year Ended 31 March 2026

for

Moorland Carpets Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P R Dolbear

B C Dolbear

REGISTERED OFFICE:

19 Coker Road

Western-Super-Mare

North Somerset

BS22 6BX

REGISTERED NUMBER:

04789397 (England and Wales)

ACCOUNTANTS:

Plunkett Yates Limited

1 Charlotte Mews

Pavilion Place

Exeter

Devon

EX2 4HA

FIXED ASSETS

Tangible assets

4

476,471

480,438

CURRENT ASSETS

Stocks

57,249

63,184

Debtors

5

415,662

354,711

Cash at bank

23,775

4,277

496,686

422,172

CREDITORS

Amounts falling due within one year

6

332,415

228,282

NET CURRENT ASSETS

164,271

193,890

TOTAL ASSETS LESS CURRENT LIABILITIES

640,742

674,328

CREDITORS

Amounts falling due after more than one year

7

(302,100

)

(380,960

)

PROVISIONS FOR LIABILITIES

(19,919

)

(26,064

)

NET ASSETS

318,723

267,304

CAPITAL AND RESERVES

Called up share capital

1

1

Capital redemption reserve

1

1

Retained earnings

318,721

267,302

318,723

267,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 9 July 2026 and were signed on its behalf by:

P R Dolbear - Director

1.	STATUTORY INFORMATION

Moorland Carpets Limited is a private company, limited by shares , registered in England and Wales. 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.

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

33% on cost and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

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 7 (2025 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2025

426,226

65,932

34,561

Additions

-

-

-

At 31 March 2026

426,226

65,932

34,561

DEPRECIATION

At 1 April 2025

61,472

53,125

20,635

Charge for year

8,524

2,561

2,785

At 31 March 2026

69,996

55,686

23,420

NET BOOK VALUE

At 31 March 2026

356,230

10,246

11,141

At 31 March 2025

364,754

12,807

13,926

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

214,503

8,032

749,254

Additions

42,915

-

42,915

At 31 March 2026

257,418

8,032

792,169

DEPRECIATION

At 1 April 2025

126,124

7,460

268,816

Charge for year

32,823

189

46,882

At 31 March 2026

158,947

7,649

315,698

NET BOOK VALUE

At 31 March 2026

98,471

383

476,471

At 31 March 2025

88,379

572

480,438

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

393,247

343,756

Amounts recoverable on contract

11,760

-

Other debtors

10,655

10,955

415,662

354,711

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

24,619

25,324

Hire purchase contracts and finance leases

88,852

17,373

Trade creditors

114,754

68,414

Taxation and social security

93,672

113,740

Other creditors

10,518

3,431

332,415

228,282

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

271,187

295,821

Hire purchase contracts and finance leases

30,913

85,139

302,100

380,960

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

191,550

215,708

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Bank loans

295,806

321,145

The bank loans are secured by fixed and floating charges over the company's properties.