Company Registration No. 7594526 (England and Wales)
CFS CARPETS & FURNITURE STORE LTD
Unaudited accounts
for the year ended 31 March 2022
CFS CARPETS & FURNITURE STORE LTD
Unaudited accounts
Contents
CFS CARPETS & FURNITURE STORE LTD
Company Information
for the year ended 31 March 2022
Directors
Mohammed Ilyas
Mohammed Azam Khan
Ali Asghar
Company Number
7594526 (England and Wales)
Registered Office
UNIT 5 HIGHGATE BUSINESS CENTRE
HIGHGATE ROAD
BIRMINGHAM
WEST MIDLANDS
B12 8EA
Accountants
Mayfield
1st Floor, 5 Highgate Business Centre
Highgate Road
Birmingham
B12 8EA
CFS CARPETS & FURNITURE STORE LTD
Accountants' report
Accountants' report to the board of directors of CFS CARPETS & FURNITURE STORE LTD on the preparation of the unaudited statutory accounts for the year ended 31 March 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
CFS CARPETS & FURNITURE STORE LTD for the year ended
31 March 2022 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of CFS CARPETS & FURNITURE STORE LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of CFS CARPETS & FURNITURE STORE LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CFS CARPETS & FURNITURE STORE LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that CFS CARPETS & FURNITURE STORE LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of CFS CARPETS & FURNITURE STORE LTD. You consider that CFS CARPETS & FURNITURE STORE LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of CFS CARPETS & FURNITURE STORE LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Mayfield
1st Floor, 5 Highgate Business Centre
Highgate Road
Birmingham
B12 8EA
20 September 2022
CFS CARPETS & FURNITURE STORE LTD
Statement of financial position
as at
31 March 2022
Inventories
21,649
34,261
Cash at bank and in hand
32,278
36,801
Creditors: amounts falling due within one year
(58,520)
(64,469)
Net current (liabilities)/assets
(4,593)
8,518
Total assets less current liabilities
(4,406)
8,746
Creditors: amounts falling due after more than one year
(67,762)
(67,762)
Provisions for liabilities
Net liabilities
(72,204)
(59,059)
Called up share capital
100
100
Profit and loss account
(72,304)
(59,159)
Shareholders' funds
(72,204)
(59,059)
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2022 and were signed on its behalf by
Mohammed Azam Khan
Director
Company Registration No. 7594526
CFS CARPETS & FURNITURE STORE LTD
Notes to the Accounts
for the year ended 31 March 2022
CFS CARPETS & FURNITURE STORE LTD is a private company, limited by shares, registered in England and Wales, registration number 7594526. The registered office is UNIT 5 HIGHGATE BUSINESS CENTRE, HIGHGATE ROAD, BIRMINGHAM, WEST MIDLANDS, B12 8EA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
18% reducing balance basis
Fixtures & fittings
18% reducing balance basis
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2021
3,412
7,230
10,642
At 31 March 2022
3,412
7,230
10,642
At 1 April 2021
3,385
7,029
10,414
Charge for the year
5
36
41
At 31 March 2022
3,390
7,065
10,455
At 31 March 2022
22
165
187
At 31 March 2021
27
201
228
CFS CARPETS & FURNITURE STORE LTD
Notes to the Accounts
for the year ended 31 March 2022
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
51,063
62,589
Taxes and social security
2,854
1,880
7
Creditors: amounts falling due after more than one year
2022
2021
Other creditors
67,762
67,762
8
Share capital
2022
2021
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 3 (2021: 2).