For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03705622
Thompsons Carpets Ltd
For the year ended 31 March 2016
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
Abbreviated Balance Sheet
|
Thompsons Carpets Ltd
2016
2015
2
63,109
-
3
39,680
9,743
102,789
9,743
227,461
291,881
53,879
98,311
395,720
327,752
785,912
609,092
Creditors
:
amounts falling due within one year
|
(415,095)
(677,535)
193,997
108,377
Net current assets
Total assets less current liabilities
|
211,166
203,740
211,166
Net assets
203,740
2
4
2
211,164
203,738
211,166
203,740
Shareholders funds
For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
|
2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
|
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Date approved by the board: 23 December 2016
|
Mr George Thompson Director
|
Signed on behalf of the board of directors
|
1 of 3
Notes to the Abbreviated Financial Statements
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Thompsons Carpets Ltd
For the year ended 31 March 2016
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the shareholders
|
prior to the balance sheet date
.
|
Acquired goodwill is stated at cost less amortisation
.
Amortisation is calculated on a straight line basis over the estimated expected useful
|
economic life of the goodwill of
10
years
.
|
Tangible fixed assets, 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:
|
Land and Buildings
Computer Equipment
Motor Vehicles
Fixtures and Fittings
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
2 of 3
Notes to the Abbreviated Financial Statements
|
Thompsons Carpets Ltd
For the year ended 31 March 2016
2
Intangible fixed assets
|
32,917
68,846
101,763
32,917
5,737
Charge for year
38,654
63,109
-
84,372
35,383
119,755
74,629
5,446
Charge for year
80,075
39,680
9,743
Allotted called up and fully paid
|
2016
2015
2
Class A shares of £
1
.
00
each
|
2
2
2
2
3 of 3