Registered Number
:
03705622
|
For the year ended 31 March 2022
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2022
Thompsons Carpets Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Thompsons Carpets Ltd
Statement of Financial Position
2021
2022
21,802
28,686
2
Property
,
plant and equipment
|
44,144
59,863
3
65,946
88,549
411,202
397,144
4
Trade and other receivables
|
284,465
497,267
5
399,841
Cash and cash equivalents
|
383,495
1,277,906
1,095,508
Trade and other payables
:
amounts falling due within one year
|
(661,957)
(672,448)
6
433,551
605,458
Net current assets
Total assets less current liabilities
|
671,404
522,100
Trade and other payables
:
amounts falling due after more than one year
|
(50,000)
(50,000)
7
621,404
Net assets
472,100
2
2
621,402
472,098
621,404
472,100
Shareholders' funds
For the year ended 31 March 2022 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 2022 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his 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.
|
Mr George Thompson Director
|
These financial statements were approved and authorised for issue by the Board on 22 December 2022 and were signed by:
|
1 of 5
For the year ended 31 March 2022
Thompsons Carpets Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
|
2 of 5
For the year ended 31 March 2022
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 2002, 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.
|
3 of 5
For the year ended 31 March 2022
Thompsons Carpets Ltd
Notes to the Financial Statements Continued
2
.
Intangible fixed assets
|
Goodwill
101,763
101,763
73,077
6,884
Charge for year
79,961
21,802
28,686
3
.
Property
,
plant and equipment
|
Fixtures and fittings
Motor vehicles
Land and buildings
175,307
6,400
102,556
63,210
3,141
1,761
969
-
792
-
64,002
102,556
7,369
177,068
3,141
Provision for depreciation and impairment
|
115,444
4,130
85,208
24,322
1,784
Charge for year
17,480
1,034
4,025
12,254
167
132,924
5,164
89,233
36,576
1,951
1,190
27,426
13,323
2,205
44,144
1,357
38,888
17,348
2,270
59,863
2021
2022
397,144
411,202
4 of 5
For the year ended 31 March 2022
Thompsons Carpets Ltd
Notes to the Financial Statements Continued
5
.
Trade and other receivables
|
2021
2022
416
28,736
496,851
255,729
284,465
497,267
6
.
Trade and other payables
:
amounts falling due within one year
|
2021
2022
331,366
205,789
Taxation and social security
|
128,283
100,285
212,799
355,883
672,448
661,957
7
.
Trade and other payables
:
amounts falling due after more than one year
|
2021
2022
50,000
50,000
8
.
Average number of persons employed
|
During the year the average number of employees was 16 (2021 : 19)
5 of 5