4 false false false false false false false false false false true false false false false false false No description of principal activity 2025-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 07156109 2025-01-01 2025-12-31 07156109 2025-12-31 07156109 2024-12-31 07156109 2024-01-01 2024-12-31 07156109 2024-12-31 07156109 2023-12-31 07156109 core:FurnitureFittings 2025-01-01 2025-12-31 07156109 core:MotorVehicles 2025-01-01 2025-12-31 07156109 bus:Director2 2025-01-01 2025-12-31 07156109 core:FurnitureFittings 2024-12-31 07156109 core:MotorVehicles 2024-12-31 07156109 core:FurnitureFittings 2025-12-31 07156109 core:MotorVehicles 2025-12-31 07156109 core:WithinOneYear 2025-12-31 07156109 core:WithinOneYear 2024-12-31 07156109 core:AfterOneYear 2025-12-31 07156109 core:AfterOneYear 2024-12-31 07156109 core:ShareCapital 2025-12-31 07156109 core:ShareCapital 2024-12-31 07156109 core:RetainedEarningsAccumulatedLosses 2025-12-31 07156109 core:RetainedEarningsAccumulatedLosses 2024-12-31 07156109 core:FurnitureFittings 2024-12-31 07156109 core:MotorVehicles 2024-12-31 07156109 bus:Director1 2025-01-01 2025-12-31 07156109 bus:SmallEntities 2025-01-01 2025-12-31 07156109 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 07156109 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 07156109 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 07156109 bus:FullAccounts 2025-01-01 2025-12-31
COMPANY REGISTRATION NUMBER: 07156109

PARLIAMENT CARPETS LIMITED

Filleted Unaudited Financial Statements

31 December 2025

PARLIAMENT CARPETS LIMITED

Statement of Financial Position

31 December 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 37,480 | 45,013

Current assets

Stocks | 1,000 |  | 1,000
Debtors | 6 | 562,735 |  | 205,790
Cash at bank and in hand | 90,253 |  | 384,418
| --------- |  | ---------
| 653,988 |  | 591,208

Creditors: amounts falling due within one year | 7 | 149,809 |  | 121,257
| --------- |  | ---------
Net current assets |  | 504,179 | 469,951
|  | --------- | ---------
Total assets less current liabilities |  | 541,659 | 514,964

Creditors: amounts falling due after more than one year | 8 |  | 31,280 | 38,206
|  | --------- | ---------
Net assets |  | 510,379 | 476,758
|  | --------- | ---------

PARLIAMENT CARPETS LIMITED

Statement of Financial Position (continued)

31 December 2025

| 2025 | 2024
Note | £ | £ | £

Capital and reserves

Called up share capital |  | 600 | 600
Profit and loss account |  | 509,779 | 476,158
|  | --------- | ---------
Shareholders funds |  | 510,379 | 476,758
|  | --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 20 July 2026 , and are signed on behalf of the board by:

Mr S Miraftab |
Director |

Company registration number: 07156109

PARLIAMENT CARPETS LIMITED

Notes to the Financial Statements

Year ended 31st December 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 194 Brent Street, London, NW4 1BE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fixtures and fittings | - | 20% reducing balance
| Motor vehicle | - | 20% reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).
5. Tangible assets

| Fixtures and fittings | Motor vehicles | Total
| £ | £ | £
Cost |  |  |
At 1st January 2025 | 11,728 | 76,287 | 88,015
Additions | 1,837 | – | 1,837
| -------- | -------- | --------
At 31st December 2025 | 13,565 | 76,287 | 89,852
| -------- | -------- | --------
Depreciation |  |  |
At 1st January 2025 | 8,080 | 34,922 | 43,002
Charge for the year | 1,097 | 8,273 | 9,370
| -------- | -------- | --------
At 31st December 2025 | 9,177 | 43,195 | 52,372
| -------- | -------- | --------
Carrying amount |  |  |
At 31st December 2025 | 4,388 | 33,092 | 37,480
| -------- | -------- | --------
At 31st December 2024 | 3,648 | 41,365 | 45,013
| -------- | -------- | --------

6. Debtors

| 2025 | 2024
| £ | £
Other debtors | 562,735 | 205,790
| --------- | ---------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 4,395 | 10,648
Trade creditors | 29,989 | 18,063
Corporation tax | 24,936 | 35,843
Social security and other taxes | 4,670 | 8,847
Other creditors | 85,819 | 47,856
| --------- | ---------
| 149,809 | 121,257
| --------- | ---------

8. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | – | 4,164
Other creditors | 31,280 | 34,042
| -------- | --------
| 31,280 | 38,206
| -------- | --------