PARLIAMENT CARPETS LIMITED Filleted accounts for Companies House (small and micro)

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
	--------	--------