REGISTERED NUMBER: 03880478 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 NOVEMBER 2025

FOR

CARPET CITY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Z L Horowitz

SECRETARY:

Mrs N Horowitz

REGISTERED OFFICE:

41 Markfield Road

London

N15 4QA

REGISTERED NUMBER:

03880478 (England and Wales)

ACCOUNTANTS:

Melinek Fine LLP

Chartered Accountants

First Floor, Winston House

349 Regents Park Road

London

N3 1DH

FIXED ASSETS

Intangible assets

4

36,960

41,580

Tangible assets

5

264,641

279,750

301,601

321,330

CURRENT ASSETS

Stocks

355,946

402,526

Debtors

6

369,747

323,979

Cash at bank and in hand

186,855

74,159

912,548

800,664

CREDITORS

Amounts falling due within one year

7

646,832

491,775

NET CURRENT ASSETS

265,716

308,889

TOTAL ASSETS LESS CURRENT LIABILITIES

567,317

630,219

CREDITORS

Amounts falling due after more than one year

8

(51,125

)

(33,284

)

PROVISIONS FOR LIABILITIES

(66,400

)

(63,484

)

NET ASSETS

449,792

533,451

CAPITAL AND RESERVES

Called up share capital

5

5

Profit and loss account

449,787

533,446

449,792

533,451

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 & Loss Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 September 2026 and were signed by:

Z L Horowitz - Director

1.	STATUTORY INFORMATION

Carpet City Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Statement, 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 tax

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 have been enacted or substantively enacted by the year end 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 probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 December 2024

and 30 November 2025

46,200

AMORTISATION

At 1 December 2024

4,620

Charge for year

4,620

At 30 November 2025

9,240

NET BOOK VALUE

At 30 November 2025

36,960

At 30 November 2024

41,580

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 December 2024

170,306

403,857

176,377

3,899

754,439

Additions

-

14,946

-

2,288

17,234

At 30 November 2025

170,306

418,803

176,377

6,187

771,673

DEPRECIATION

At 1 December 2024

108,702

221,031

142,892

2,064

474,689

Charge for year

6,161

19,777

5,022

1,383

32,343

At 30 November 2025

114,863

240,808

147,914

3,447

507,032

NET BOOK VALUE

At 30 November 2025

55,443

177,995

28,463

2,740

264,641

At 30 November 2024

61,604

182,826

33,485

1,835

279,750

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

254,188

240,680

Amounts owed by group undertakings

32,559

-

Other debtors

38,830

64,896

Prepayments and accrued income

44,170

18,403

369,747

323,979

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

12,538

12,538

Other loans

120,000

-

Trade creditors

303,079

208,395

Tax

280

280

Social security and other taxes

7,897

17,193

VAT

40,893

65,348

Other creditors

109,007

100,486

Directors' current accounts

2,437

45,692

Accrued expenses

50,701

41,843

646,832

491,775

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

39,690

12,538

Bank loans - 2-5 years

11,435

20,746

51,125

33,284