Registered Number
:
02730835
|
For the year ended 31 July 2019
England and Wales
Unaudited Financial Statements
For the year ended 31 July 2019
NAIN CARPET LIMITED
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
NAIN CARPET LIMITED
Statement of Financial Position
2018
2019
Property
,
plant and equipment
|
1,436,579
956,786
2
1,436,579
956,786
53,350
19,500
3
570,014
Cash and cash equivalents
|
92,872
112,372
623,364
Trade and other payables
:
amounts falling due within one
|
year
|
(114,051)
(142,928)
4
509,313
(30,556)
Net current liabilities
Total assets less current liabilities
|
1,406,023
1,466,099
Trade and other payables
:
amounts falling due after more
|
than one year
|
(353,500)
(329,932)
5
1,076,091
Net assets
1,112,599
2
2
1,076,089
1,112,597
1,076,091
1,112,599
Shareholders' funds
For the year ended 31 July 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 04 May 2020 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 July 2019
NAIN CARPET LIMITED
Notes to the Financial Statements
Statutory Information
NAIN CARPET LIMITED is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
02730835
.
|
10-B Berkeley Street
Mayfair
London
W1J 8DP
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and
|
the Companies Act
2006
.
The financial statements have been prepared under the historical costs convention
|
as modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
|
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Fixtures and fittings
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
|
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
|
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For the year ended 31 July 2019
NAIN CARPET LIMITED
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
973,336
17,052
956,284
479,883
-
479,883
1,436,167
17,052
1,453,219
Provision for depreciation and impairment
|
16,550
16,550
-
Charge for year
90
90
-
16,640
16,640
-
1,436,167
412
1,436,579
956,284
502
956,786
2018
2019
19,500
53,350
4
.
Trade and other payables
:
amounts falling due within one year
|
2018
2019
106,786
68,724
Taxation and social security
|
26,548
36,644
9,594
8,683
142,928
114,051
5
.
Trade and other payables
:
amounts falling due after more than one year
|
2018
2019
Bank loans and overdraft
(
secured
)
|
329,932
353,500
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