REGISTERED NUMBER: 04656089

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Tim Page Carpets Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M.J. Gomez

G Dewar

Ms H E Crompton

M P Gomez

SECRETARY:

M.J. Gomez

REGISTERED OFFICE:

410 The Chambers

Chelsea Harbour Design Centre

London

SX10 0XE

REGISTERED NUMBER:

04656089

ACCOUNTANTS:

PB Associates

Chartered Accountants and Chartered Tax Advisers

2 Castle Business Village

Station Road

Hampton

Middlesex

TW12 2BX

FIXED ASSETS

Tangible assets

3

139,600

193,558

CURRENT ASSETS

Stocks

281,789

212,807

Debtors

4

1,757,252

949,678

Cash at bank

163,780

982,450

2,202,821

2,144,935

CREDITORS

Amounts falling due within one year

5

1,102,593

955,620

NET CURRENT ASSETS

1,100,228

1,189,315

TOTAL ASSETS LESS CURRENT LIABILITIES

1,239,828

1,382,873

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

7

1,239,728

1,382,773

SHAREHOLDERS' FUNDS

1,239,828

1,382,873

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 9 October 2026 and were signed on its behalf by:

M.J. Gomez - Director

1.	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.

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

-

20% on cost

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 18 ) .

3.	TANGIBLE FIXED ASSETS

Short

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

COST

At 1 January 2025

175,649

390,622

61,104

627,375

Additions

-

15,245

5,900

21,145

Disposals

-

(39,354

)

-

(39,354

)

At 31 December 2025

175,649

366,513

67,004

609,166

DEPRECIATION

At 1 January 2025

128,697

285,961

19,159

433,817

Charge for year

14,907

26,585

12,418

53,910

Eliminated on disposal

-

(18,161

)

-

(18,161

)

At 31 December 2025

143,604

294,385

31,577

469,566

NET BOOK VALUE

At 31 December 2025

32,045

72,128

35,427

139,600

At 31 December 2024

46,952

104,661

41,945

193,558

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

151,998

226,901

Amounts owed by group undertakings

1,405,833

587,393

Directors' current accounts

10,371

13,146

Prepayments

189,050

122,238

1,757,252

949,678

Interest has been charged at the rate of 4.5% per annum on directors loans which was repaid on 23 September 2025.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

483,306

310,183

Corporation tax

4,725

15,239

Social security and other taxes

20,349

27,747

VAT

120,820

107,567

Other creditors

12,154

11,548

Accruals and deferred income

427,411

442,497

Accrued expenses

33,828

40,839

1,102,593

955,620

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100

Ordinary

£1

100

100

7.

RESERVES

Retained

earnings

£

At 1 January 2025

1,382,773

Deficit for the year

(143,045

)

At 31 December 2025

1,239,728

8.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £1,405,834 (2024: £587,393) by group undertakings.

9.	ULTIMATE CONTROLLING PARTY

Turnell & Gigon Limited is the ultimate controlling party.