Company registration number: 03630868
Annual report and unaudited financial statements
for the year ended 31 January 2026
for
Corner Carpet Company Limited
Pages for filing with the Registrar
Company registration number: 03630868
Corner Carpet Company Limited
Balance sheet
as at 31 January 2026
2026 2025
Note £ £ £ £
Fixed assets
Tangible assets 4 106,091 111,100
106,091 111,100
Current assets
Stocks 8,575 8,325
Debtors 12,096 15,710
Cash at bank and in hand 23,147 34,196
43,818 58,231
Creditors: amounts falling due within one year
(19,784) (26,308)
Net current assets 24,034 31,923
Total assets less current liabilities 130,125 143,023
Creditors: Amounts falling due after more than one year
- (3,742)
Provisions for liabilities (3,275) (3,631)
NET ASSETS 126,850 135,650
Capital and reserves
Called up share capital 2 2
Revaluation reserve 15,000 15,000
Profit and loss account 111,848 120,648
TOTAL EQUITY 126,850 135,650
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 January 2026.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 03630868
Corner Carpet Company Limited
Balance sheet - continued
as at 31 January 2026
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 23 July 2026 and signed on its behalf by:
Mr R Bransby, Director
23 July 2026
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Corner Carpet Company Limited
Notes to the financial statements
for the year ended 31 January 2026
1 Company information
Corner Carpet Company Limited is a private company registered in England and Wales. Its registered number is 03630868. The company is limited by shares. Its registered office is 7 Henderson Close, Hastings, East Sussex, TN34 2DU.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - 0% straight line
Plant and machinery etc.:
Plant and machinery - 15% reducing balance
Fixtures & fittings - 15% reducing balance
Motor vehicles - 20% 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.
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Corner Carpet Company Limited
Notes to the financial statements - continued
for the year ended 31 January 2026
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
3 Average number of employees
During the year the average number of employees was 2 (2025 - 2).
4 Tangible fixed assets
Land and buildings
Plant and machinery etc.

Totals
£ £ £
Cost
At 1 February 2025 86,876 87,159 174,035
At 31 January 2026 86,876 87,159 174,035
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Corner Carpet Company Limited
Notes to the financial statements - continued
for the year ended 31 January 2026
4 Tangible fixed assets - continued
Depreciation
At 1 February 2025 - 62,935 62,935
Charge for year - 5,009 5,009
At 31 January 2026 - 67,944 67,944
Net book value
At 31 January 2026 86,876 19,215 106,091
At 31 January 2025 86,876 24,224 111,100
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