Registered Number
:
03705622
|
For the year ended 31 March 2021
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2021
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
2020
2021
28,686
35,571
2
Property
,
plant and equipment
|
59,863
62,640
3
88,549
98,211
323,359
411,202
4
Trade and other receivables
|
99,854
284,465
5
327,052
Cash and cash equivalents
|
399,841
1,095,508
750,265
Trade and other payables
:
amounts falling due within one year
|
(530,574)
(661,957)
6
219,691
433,551
Net current assets
Total assets less current liabilities
|
522,100
317,902
Trade and other payables
:
amounts falling due after more than one year
|
-
(50,000)
7
472,100
Net assets
317,902
2
2
472,098
317,900
472,100
317,902
Shareholders' funds
For the year ended 31 March 2021 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 2021 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 14 February 2022 and were signed by:
|
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For the year ended 31 March 2021
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 2021
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 2021
Thompsons Carpets Ltd
Notes to the Financial Statements Continued
2
.
Intangible fixed assets
|
Goodwill
101,763
101,763
66,192
6,885
Charge for year
73,077
28,686
35,571
3
.
Property
,
plant and equipment
|
Fixtures and fittings
Motor vehicles
Land and buildings
225,976
5,702
101,416
115,717
3,141
59,753
698
1,140
57,915
-
-
-
(110,422)
-
(110,422)
63,210
102,556
6,400
175,307
3,141
Provision for depreciation and impairment
|
163,336
3,198
81,193
77,327
1,618
Charge for year
26,972
932
4,015
21,859
166
(74,864)
-
-
(74,864)
-
115,444
4,130
85,208
24,322
1,784
1,357
38,888
17,348
2,270
59,863
1,523
38,390
20,223
2,504
62,640
2020
2021
411,202
323,359
4 of 5
For the year ended 31 March 2021
Thompsons Carpets Ltd
Notes to the Financial Statements Continued
5
.
Trade and other receivables
|
2020
2021
28,736
37,315
255,729
62,539
99,854
284,465
6
.
Trade and other payables
:
amounts falling due within one year
|
2020
2021
205,789
139,142
Taxation and social security
|
100,285
120,611
355,883
270,821
661,957
530,574
7
.
Trade and other payables
:
amounts falling due after more than one year
|
2020
2021
50,000
-
8
.
Average number of persons employed
|
During the year the average number of employees was 19 (2020 : 19)
5 of 5