Wycombe Carpet Centre Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04093736

		2025		2024 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		31,977		42,531

			31,977		42,531
CURRENT ASSETS
Stocks	5	11,742		12,900
Debtors	6	289,994		279,368
Cash at bank and in hand		173,311		176,759

		475,047		469,027
Creditors: Amounts Falling Due Within One Year	7	(191,322 )		(212,143 )

NET CURRENT ASSETS (LIABILITIES)			283,725		256,884

TOTAL ASSETS LESS CURRENT LIABILITIES			315,702		299,415

PROVISIONS FOR LIABILITIES
Deferred Taxation			(7,673 )		(10,453 )

NET ASSETS			308,029		288,962

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			307,929		288,862

SHAREHOLDERS' FUNDS			308,029		288,962

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Wycombe Carpet Centre Limited

Balance Sheet (continued)

As At 31 October 2025

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 Martin Fardell Director	Ms Julie Bridle Director	Mr Charlie Fardell Director
20/07/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Wycombe Carpet Centre Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04093736 . The registered office is 14 Long Saw Drive, Birmingham, B31 5BN.

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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from 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.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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:

Leasehold	Straight line over 5 years
Motor Vehicles	25% reducing balance
Computer Equipment	15% reducing balance

2.4. 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.

2.5. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Wycombe Carpet Centre Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2024: 10)

4. Tangible Assets

	Land & Property
	Leasehold	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 November 2024	6,188	128,159	3,412	137,759

As at 31 October 2025	6,188	128,159	3,412	137,759

Depreciation
As at 1 November 2024	6,188	86,416	2,624	95,228
Provided during the period	-	10,436	118	10,554

As at 31 October 2025	6,188	96,852	2,742	105,782

Net Book Value
As at 31 October 2025	-	31,307	670	31,977

As at 1 November 2024	-	41,743	788	42,531

5. Stocks

	2025	2024 as restated
	£	£
Materials	4,942	6,990
Work in progress	6,800	5,910

	11,742	12,900

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Wycombe Carpet Centre Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

6. Debtors

	2025	2024 as restated
	£	£
Due within one year
Trade debtors	72,014	95,783
Prepayments and accrued income	21,248	17,282
Other debtors	6,711	4,000
Directors' loan accounts	26,939	-

	126,912	117,065
Due after more than one year
Amounts owed by related parties	163,082	162,303

	289,994	279,368

7. Creditors: Amounts Falling Due Within One Year

	2025	2024 as restated
	£	£
Trade creditors	66,358	80,264
Corporation tax	31,150	24,063
Other taxes and social security	4,389	3,859
VAT	30,188	24,503
Other creditors	53,737	45,777
Accruals and deferred income	5,500	2,750
Directors' loan accounts	-	30,927

	191,322	212,143

8. Share Capital

	2025	2024 as restated
	£	£
Allotted, Called up and fully paid	100	100

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 November 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 October 2025
	£	£	£	£	£
Mr Martin Fardell	-	8,980	-	-	8,980
Ms Julie Bridle	-	8,980	-	-	8,980
Mr Charlie Fardell	-	8,980	-	-	8,980

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

10. Related Party Transactions

At the year end the company was owed £163,082 (2024 - £162,263) by Delbrid Limited, a company registered in England and under common control.

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