Karpet Kingdom (Coventry) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04491882 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

KARPET KINGDOM (COVENTRY) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Cooney

D M Roddie

C Wilkins

REGISTERED OFFICE:

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

REGISTERED NUMBER:

04491882 (England and Wales)

ACCOUNTANTS:

LDP Luckmans

Chartered Accountants

1110 Elliott Court

Herald Avenue

Coventry Business Park

Coventry

West Midlands

CV5 6UB

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

9,268

7,747

9,268

7,747

CURRENT ASSETS

Stocks

73,194

65,794

Debtors

6

264,263

295,320

Cash at bank and in hand

71,521

84,786

408,978

445,900

CREDITORS

Amounts falling due within one year

7

183,338

172,527

NET CURRENT ASSETS

225,640

273,373

TOTAL ASSETS LESS CURRENT
LIABILITIES

234,908

281,120

CREDITORS

Amounts falling due after more than one
year

8

-

(6,364

)

PROVISIONS FOR LIABILITIES

(1,062

)

(2,752

)

NET ASSETS

233,846

272,004

CAPITAL AND RESERVES

Called up share capital

9

1,000

Retained earnings

10

232,846

271,004

SHAREHOLDERS' FUNDS

233,846

272,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2026 and were signed on its behalf by:

D M Roddie - Director

1.	STATUTORY INFORMATION

Karpet Kingdom (Coventry) 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

250,000

AMORTISATION

At 1 January 2025

and 31 December 2025

250,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 1 January 2025

11,185

22,313

3,500

36,998

Additions

-

3,800

At 31 December 2025

11,185

22,313

7,300

40,798

DEPRECIATION

At 1 January 2025

9,121

18,303

1,827

29,251

Charge for year

310

601

1,368

2,279

At 31 December 2025

9,431

18,904

3,195

31,530

NET BOOK VALUE

At 31 December 2025

1,754

3,409

4,105

9,268

At 31 December 2024

2,064

4,010

1,673

7,747

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

54,481

58,938

Karpet Kingdom (Nuneaton) Ltd

12,357

Karpet Kingdom (Holbrooks) Ltd

170,215

KK Daventry Ltd

-

6,100

Karpet Kingdom (Banbury) Ltd

-

20,576

Karpet Kingdom (Bedworth) Ltd

144

Prepayments

27,066

26,990

264,263

295,320

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Bank loans and overdrafts

6,364

12,727

Trade creditors

78,442

58,349

Tax

29,171

29,833

Social security and other taxes

35,953

31,310

Net Wages

530

3,324

Ringway Midland Ltd

1,472

Karpet Kingdom (Rugby) Ltd

14,887

Karpet Kingdom (Leamington) Ltd

3,298

Karpet Kingdom (Warwick) Ltd

3,745

8,745

Directors' loan accounts

1,690

Accrued expenses

7,786

6,892

183,338

172,527

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.25

31.12.24

£

Bank loans - 1-2 years

-

6,364

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

1,000

Ordinary

£1

1,000

10.

RESERVES

Retained

earnings

£

At 1 January 2025

271,004

Profit for the year

65,342

Dividends

(103,500

)

At 31 December 2025

232,846