Easterly Road Carpets Ltd
|
Registered Number
:
07556174
|
For the year ended 31 March 2021
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2021
Easterly Road Carpets Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Easterly Road Carpets Ltd
Statement of Financial Position
2020
2021
1,172
2,580
2
Property
,
plant and equipment
|
12,755
8,640
3
13,927
11,220
132,135
107,471
4
Trade and other receivables
|
8,373
45,320
5
25,230
Cash and cash equivalents
|
52,124
204,915
165,738
Trade and other payables
:
amounts falling due within one year
|
(181,118)
(134,464)
6
(15,380)
70,451
Net current assets
Total assets less current liabilities
|
84,378
(4,160)
Trade and other payables
:
amounts falling due after more than one year
|
-
(50,000)
7
34,378
Net assets/liabilities
(4,160)
2
2
34,376
(4,162)
34,378
(4,160)
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 Paul Beaumont Director
|
These financial statements were approved and authorised for issue by the Board on 08 November 2021 and were signed by:
|
1 of 5
For the year ended 31 March 2021
Easterly Road 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
Easterly Road Carpets Ltd
Notes to the Financial Statements
Statutory Information
Easterly Road Carpets Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration number
07556174
.
|
Principal place of business
:
|
T/A United Carpets & Beds
Snowdonia Avenue
Scunthorpe
DN15 8NL
Horizon House
2 Whiting Street
Sheffield
S8 9QR
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:
|
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
Easterly Road Carpets Ltd
Notes to the Financial Statements Continued
2
.
Intangible fixed assets
|
Goodwill
14,073
14,073
11,493
1,408
Charge for year
12,901
1,172
2,580
3
.
Property
,
plant and equipment
|
Fixtures and fittings
Motor vehicles
51,558
1,198
7,115
43,245
14,700
-
-
14,700
-
-
(5,650)
(5,650)
52,295
7,115
1,198
60,608
Provision for depreciation and impairment
|
42,918
699
6,720
35,499
Charge for year
7,642
300
395
6,947
(2,707)
-
-
(2,707)
47,853
999
7,115
39,739
12,556
-
199
12,755
7,746
395
499
8,640
2020
2021
107,471
132,135
4 of 5
For the year ended 31 March 2021
Easterly Road Carpets Ltd
Notes to the Financial Statements Continued
5
.
Trade and other receivables
|
2020
2021
880
1,686
44,440
6,687
8,373
45,320
6
.
Trade and other payables
:
amounts falling due within one year
|
2020
2021
66,033
78,351
Taxation and social security
|
24,862
16,183
43,569
86,584
134,464
181,118
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 6 (2020 : 6)
5 of 5