Easterly Road Carpets Ltd
|
Registered Number
:
07556174
|
For the year ended 31 March 2018
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2018
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
2017
2018
5,394
6,802
2
Property
,
plant and equipment
|
24,525
26,875
3
29,919
33,677
96,775
117,269
4
Trade and other receivables
|
49,319
56,908
5
14,052
Cash and cash equivalents
|
50,791
224,968
160,146
Trade and other payables
:
amounts falling due within one year
|
(184,375)
(248,942)
6
(24,229)
(23,974)
Net current liabilities
Total assets less current liabilities
|
5,945
9,448
Trade and other payables
:
amounts falling due after more than one year
|
(9,212)
(6,005)
7
(60)
Net assets/liabilities
236
2
2
(62)
234
(60)
236
Shareholders' funds
For the year ended 31 March 2018 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 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.
|
Mr Paul Beaumont Director
|
These financial statements were approved and authorised for issue by the Board on 16 July 2018 and were signed by:
|
1 of 5
For the year ended 31 March 2018
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 2018
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 2018
Easterly Road Carpets Ltd
Notes to the Financial Statements Continued
2
.
Intangible fixed assets
|
Goodwill
14,073
14,073
7,271
1,408
Charge for year
8,679
5,394
6,802
3
.
Property
,
plant and equipment
|
Fixtures and fittings
Motor vehicles
37,595
-
-
37,595
8,313
1,198
7,115
-
37,595
7,115
1,198
45,908
Provision for depreciation and impairment
|
10,720
-
-
10,720
Charge for year
10,663
100
1,976
8,587
21,383
100
1,976
19,307
18,288
5,139
1,098
24,525
26,875
-
-
26,875
2017
2018
117,269
96,775
4 of 5
For the year ended 31 March 2018
Easterly Road Carpets Ltd
Notes to the Financial Statements Continued
5
.
Trade and other receivables
|
2017
2018
128
2,739
56,780
46,580
49,319
56,908
6
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
137,072
47,992
Taxation and social security
|
18,993
19,834
92,877
116,549
248,942
184,375
7
.
Trade and other payables
:
amounts falling due after more than one year
|
2017
2018
6,005
9,212
5 of 5