REGISTERED NUMBER: 04406513

Unaudited Financial Statements for the Year Ended 31 March 2026

for

New Homes Carpeting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R S Freedman

Mr J Freedman

Mrs J Freedman

Mr N J Hutson

REGISTERED OFFICE:

Unit 12-14

Marshgate Business Centre

Parkway

Harlow

Essex

CM19 5QP

REGISTERED NUMBER:

04406513

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Tangible assets

4

1,759,995

1,599,170

CURRENT ASSETS

Stocks

25,250

23,568

Debtors

5

2,602,048

2,032,726

Cash at bank

1,457,258

1,547,428

4,084,556

3,603,722

CREDITORS

Amounts falling due within one year

6

1,020,354

874,343

NET CURRENT ASSETS

3,064,202

2,729,379

TOTAL ASSETS LESS CURRENT LIABILITIES

4,824,197

4,328,549

CREDITORS

Amounts falling due after more than one year

7

279,257

219,533

NET ASSETS

4,544,940

4,109,016

CAPITAL AND RESERVES

Called up share capital

1,001

1,001

Revaluation reserve

8

777,004

777,004

Retained earnings

3,766,935

3,331,011

4,544,940

4,109,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 23 October 2026 and were signed on its behalf by:

Mr R S Freedman - Director

1.	STATUTORY INFORMATION

New Homes Carpeting Limited is a private company, limited by shares , registered in Not specified/Other. 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 as modified by the revaluation of certain assets.

Changes in accounting estimates

During the year ended 31 March 2025, the directors revised its depreciation method for Freehold property and improvements to property from straight line on cost depreciation estimate to no longer depreciating the asset which would provide a more appropriate reflection of the property's future economic benefit.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Freehold property

Freehold property is held at cost and not depreciated.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2025 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 April 2025

875,228

1,317,861

2,193,089

Additions

-

407,043

407,043

Disposals

-

(180,536

)

(180,536

)

At 31 March 2026

875,228

1,544,368

2,419,596

DEPRECIATION

At 1 April 2025

-

593,919

593,919

Charge for year

-

177,403

177,403

Eliminated on disposal

-

(99,012

)

(99,012

)

Charge written back

-

(12,709

)

(12,709

)

At 31 March 2026

-

659,601

659,601

NET BOOK VALUE

At 31 March 2026

875,228

884,767

1,759,995

At 31 March 2025

875,228

723,942

1,599,170

Cost or valuation at 31 March 2026 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2024

535,000

-

535,000

Cost

340,228

1,544,368

1,884,596

875,228

1,544,368

2,419,596

If freehold land and buildings had not been revalued it would have been included at the following historical cost:

31.3.26

31.3.25

£

£

Cost

710,246

710,246

Aggregate depreciation

242,004

242,004

Value of land in freehold land and buildings

468,242

468,242

Freehold land and buildings were valued on an open market basis on 31 March 2025 by R Freedman .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST OR VALUATION

At 1 April 2025

436,001

Additions

376,871

Disposals

(180,536

)

At 31 March 2026

632,336

DEPRECIATION

At 1 April 2025

233,882

Charge for year

137,336

Eliminated on disposal

(99,012

)

Charge written back

(12,709

)

At 31 March 2026

259,497

NET BOOK VALUE

At 31 March 2026

372,839

At 31 March 2025

202,119

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

2,375,055

1,928,200

Other debtors

226,993

104,526

2,602,048

2,032,726

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

-

36,789

Hire purchase contracts

29,857

56,663

Trade creditors

631,580

493,372

Taxation and social security

394,652

284,076

Other creditors

(35,735

)

3,443

1,020,354

874,343

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

60,514

58,526

Hire purchase contracts

218,743

161,007

279,257

219,533

8.

RESERVES

Revaluation

reserve

£

At 1 April 2025

and 31 March 2026

777,004

9.	RELATED PARTY DISCLOSURES

The Directors Mr R Freedman, Mrs J Freedman, Mr N Hutson and Mr J Freedman are considered to be key management personnel.