Registration number: 01325073

Metric Carpets Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Metric Carpets Limited

Company Information

Directors

Mr Roland William Clarke Mr Darren Clarke

Registered office

7-9 London Road Berkhamsted Hertfordshire HP4 2BU

Accountants

JPL Accountants Ltd 46 Orchard Avenue Berkhamsted Hertfordshire HP4 3LG

Metric Carpets Limited

(Registration number: 01325073)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	3,095	3,802
Current assets
Stocks	5	226,283	189,458
Debtors	6	84,237	74,368
Cash at bank and in hand		17,569	7,820
		328,089	271,646
Creditors: Amounts falling due within one year	7	(294,103)	(246,191)
Net current assets		33,986	25,455
Net assets		37,081	29,257
Capital and reserves
Called up share capital		100,000	100,000
Retained earnings		(62,919)	(70,743)
Shareholders' funds		37,081	29,257

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 November 2025 and signed on its behalf by:
 

......................................... Mr Roland William Clarke Director

Metric Carpets Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 London Road
Berkhamsted
Hertfordshire
HP4 2BU
United Kingdom

These financial statements were authorised for issue by the Board on 12 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Metric Carpets Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Long leasehold	Over term of lease
Improvements to property	20% on cost
Plant and machinery	25% on reducing balance
Fixtures and fittings	15% on reducing balance
Motor vehicles	25% on reducing balance
Computer equipment	20% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Metric Carpets Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Metric Carpets Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

Metric Carpets Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4	Tangible assets

	Long leasehold £	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 March 2024	16,532	69,922	39,391	125,845
At 28 February 2025	16,532	69,922	39,391	125,845
Depreciation
At 1 March 2024	16,407	68,221	37,415	122,043
Charge for the year	24	258	425	707
At 28 February 2025	16,431	68,479	37,840	122,750
Carrying amount
At 28 February 2025	101	1,443	1,551	3,095
At 29 February 2024	125	1,701	1,976	3,802

5

Stocks

	2025 £	2024 £
Work in progress	102,406	71,480
Finished goods and goods for resale	123,877	117,978
	226,283	189,458

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		16,981	4,540
Amounts owed by related parties	8	36,283	42,574
Prepayments		12,579	12,579
Other debtors		18,394	14,675
		84,237	74,368

7

Creditors

Creditors: amounts falling due within one year

Metric Carpets Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

	2025 £	2024 £
Due within one year
Trade creditors	76,786	91,169
Taxation and social security	42,818	53,251
Accruals and deferred income	800	800
Other creditors	173,699	100,971
	294,103	246,191

8	Related party transactions

Loans to related parties

2025	Key management £	Total £
At start of period	42,574	42,574
Repaid	(6,291)	(6,291)
At end of period	36,283	36,283

2024	Key management £	Total £
At start of period	50,607	50,607
Repaid	(8,033)	(8,033)
At end of period	42,574	42,574