Registered Number
:
03705622
|
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2017
Thompsons Carpets Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Thompsons Carpets Ltd
Statement of Financial Position
2016
2017
56,225
63,109
2
Property
,
plant and equipment
|
45,679
39,680
3
101,904
102,789
291,881
336,535
Trade and other receivables
|
98,311
186,729
4
395,720
Cash and cash equivalents
|
381,497
904,761
785,912
Trade and other payables
:
amounts falling due within one year
|
(677,535)
(568,849)
5
108,377
335,912
Net current assets
Total assets less current liabilities
|
437,816
211,166
437,816
Net assets
211,166
2
2
437,814
211,164
437,816
211,166
Shareholders' funds
For the year ended 31 March 2017 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 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.
|
Mr George Thompson Director
|
These financial statements were approved and authorised for issue by the Board on 21 December 2017 and were signed by:
|
The notes form part of these financial statements
|
1 of 4
For the year ended 31 March 2017
Thompsons Carpets Ltd
Notes to the Financial Statements
Statutory Information
Thompsons Carpets Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration number
03705622
.
|
Principal place of business
:
|
T/A United Carpets & Beds
Old Mill lane
Mansfield Woodhouse
Notts
NG19 9AL
C/O Johnson Walker
Horizon House
2 Whiting Street
Sheffield
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 10 years.
|
Property, plant and equipment
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
Inventories
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 4
For the year ended 31 March 2017
Thompsons Carpets Ltd
Notes to the Financial Statements Continued
2
.
Intangible fixed assets
|
Goodwill
101,763
101,763
38,654
6,884
Charge for year
45,538
56,225
63,109
3
.
Property
,
plant and equipment
|
Fixtures and fittings
Motor vehicles
Land and buildings
119,755
2,264
100,028
15,983
1,480
11,825
-
-
11,825
-
27,808
100,028
2,264
131,580
1,480
Provision for depreciation and impairment
|
80,075
1,340
64,502
13,209
1,024
Charge for year
5,826
399
4,324
955
148
85,901
1,739
68,826
14,164
1,172
308
13,644
31,202
525
45,679
456
2,774
35,526
924
39,680
4
.
Trade and other receivables
|
2016
2017
367
-
186,362
98,311
98,311
186,729
3 of 4
For the year ended 31 March 2017
Thompsons Carpets Ltd
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due within one year
|
2016
2017
246,703
405,131
Taxation and social security
|
155,638
148,286
166,508
124,118
568,849
677,535
4 of 4