Market Carpets Limited - Filleted accounts

Registered number

05004391

Market Carpets Limited

Filleted Accounts

31 December 2025

Market Carpets Limited
Registered number:		05004391
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		-			116,000
Tangible assets	4		148,810			160,361
			148,810			276,361

Current assets
Stocks		432,795			557,805
Debtors	5	228,788			22,546
Cash at bank and in hand		263,023			262,259
		924,606			842,610

Creditors: amounts falling due within one year	6	(1,024,323)			(1,070,480)

Net current liabilities			(99,717)			(227,870)

Total assets less current liabilities			49,093			48,491


Provisions for liabilities			(16,520)			(21,167)


Net assets			32,573			27,324

Capital and reserves
Called up share capital			100			100
Profit and loss account			32,473			27,224

Shareholders' funds			32,573			27,324

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.




Mrs C Moisob
Director
Approved by the board on 2 March 2026

Market Carpets Limited
Notes to the Accounts
for the year ended 31 December 2025


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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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			5% Straight line
	Plant and machinery			20% straight line
	Motor vehicles			25% straight line

	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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. 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					2025		2024
Number							Number

	Average number of persons employed by the company					26		25


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 January 2025							1,160,000
	At 31 December 2025							1,160,000

	Amortisation
	At 1 January 2025							1,044,000
	Provided during the year							116,000
	At 31 December 2025							1,160,000

	Net book value
	At 31 December 2025							-
	At 31 December 2024							116,000

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2025	55,654		196,492		192,315		444,461
	Additions	-		21,600		11,458		33,058
	Disposals	-		-		(15,999)		(15,999)
	At 31 December 2025	55,654		218,092		187,774		461,520

	Depreciation
	At 1 January 2025	24,700		154,096		105,304		284,100
	Charge for the year	2,783		16,006		24,219		43,008
	On disposals	-		-		(14,398)		(14,398)
	At 31 December 2025	27,483		170,102		115,125		312,710

	Net book value
	At 31 December 2025	28,171		47,990		72,649		148,810
	At 31 December 2024	30,954		42,396		87,011		160,361


5	Debtors					2025		2024
£							£

	Trade debtors					(640)		(640)
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					213,439		11,639
	Other debtors					15,989		11,547
						228,788		22,546


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					190,901		148,955
	Taxation and social security costs					442,868		408,098
	Other creditors					390,554		513,427
						1,024,323		1,070,480


7	Other financial commitments					2025		2024
£							£

	Total future minimum payments under non-cancellable operating leases					624,000		832,000


8	Controlling party

	The company is a wholly owned subsidiary of Market Carpets SW Limited, registered at 10-12 Bridford Road, Marsh Barton Trading Estate, Exeter, Devon, EX2 8QX.


9	Other information

	Market Carpets Limited is a private company limited by shares and incorporated in England. Its registered office is:
	10-12 Bridford Road
	Marsh Barton Trading Estate
	Exeter
	Devon
	EX2 8QX