M & C Carpet Company Limited - Filleted accounts

Registered number

02689781

M & C Carpet Company Limited

Filleted Accounts

31 March 2026

M & C Carpet Company Limited
Registered number:		02689781
Directors' Report

The directors present their report and accounts for the year ended 31 March 2026.
Principal activities
The company's principal activity during the year continued to be that of supplying and fitting floorcoverings.

Directors
The following persons served as directors during the year:

	Mrs N Milnes
	M J Crawford

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 31 July 2026 and signed on its behalf.





M J Crawford
Director

M & C Carpet Company Limited
Registered number:		02689781
Balance Sheet
as at 31 March 2026
Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		250,612			251,795

Current assets
Stocks		7,052			17,632
Debtors	4	60,816			149,148
Investments held as current assets	5	213,164			196,741
Cash at bank and in hand		2,930,833			2,691,879
		3,211,865			3,055,400

Creditors: amounts falling due within one year	6	(167,357)			(170,128)

Net current assets			3,044,508			2,885,272

Total assets less current liabilities			3,295,120			3,137,067


Provisions for liabilities			(18,721)			(17,705)


Net assets			3,276,399			3,119,362

Capital and reserves
Called up share capital			100			100
Profit and loss account			3,276,299			3,119,262

Shareholders' funds			3,276,399			3,119,362

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




M J Crawford
Director
Approved by the board on 31 July 2026

M & C Carpet Company Limited
Notes to the Accounts
for the year ended 31 March 2026

1	Accounting policies
	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.


	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			not provided
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Investments
	Listed investments are measured at fair value. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					7		7


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2025	246,955		14,408		68,065		329,428
	Additions	-		-		-		-
	Surplus on revaluation	-		-		-		-
	Disposals	-		-		-		-
	At 31 March 2026	246,955		14,408		68,065		329,428

	Depreciation
	At 1 April 2025	-		13,168		64,465		77,633
	Charge for the year	-		253		930		1,183
	Surplus on revaluation	-		-		-		-
	On disposals	-		-		-		-
	At 31 March 2026	-		13,421		65,395		78,816

	Net book value
	At 31 March 2026	246,955		987		2,670		250,612
	At 31 March 2025	246,955		1,240		3,600		251,795



4	Debtors					2026		2025
£							£

	Trade debtors					58,576		135,402
	Other debtors					2,240		13,746
						60,816		149,148


5	Investments held as current assets					2026		2025
£							£
	Fair value
	Listed investments					213,164		196,741

	Increase/(decrease) in fair value included in the profit and loss account for the financial year
	Listed investments					14,147		3,573



6	Creditors: amounts falling due within one year					2026		2025
£							£

	Trade creditors					40,884		59,525
	Corporation tax					48,728		34,720
	Other taxes and social security costs					10,769		10,632
	Other creditors					66,976		65,251
						167,357		170,128



8	Controlling party

	The company is controlled by Mr M J Crawford by virtue of his shareholding.


9	Other information

	M & C Carpet Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
	St Anne's House
	London Road
	Wycombe Marsh
	High Wycombe
	HP11 1EX