Easterly Road Carpets Ltd |
Registered Number:07556174 |
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2023
Easterly Road Carpets Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Easterly Road Carpets Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
30,325
35,411
3
30,325
35,411
112,478
112,509
4
Trade and other receivables |
17,480
27,730
5
72,652
Cash and cash equivalents |
30,035
170,274
202,610
Trade and other payables: amounts falling due within one year |
(165,251)
(165,914)
6
37,359
4,360
Net current assets
Total assets less current liabilities |
34,685
72,770
Trade and other payables: amounts falling due after more than one year |
(29,167)
-
7
34,685
Net assets
43,603
2
2
34,683
43,601
34,685
43,603
Shareholders' funds
For the year ended 31 March 2023 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 2023 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 18 December 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2023
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 1A 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 2012, 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. |
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For the year ended 31 March 2023
Easterly Road Carpets Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
14,073
14,073
14,073
14,073
-
-
3. Property, plant and equipment |
Fixtures and fittings
Motor vehicles
91,826
2,912
7,115
81,799
6,850
-
6,850
-
81,799
13,965
2,912
98,676
Provision for depreciation and impairment |
56,415
1,365
7,115
47,935
Charge for year
11,936
428
457
11,051
68,351
1,793
7,572
58,986
22,813
6,393
1,119
30,325
33,864
-
1,547
35,411
2022
2023
112,509
112,478
3 of 4
For the year ended 31 March 2023
Easterly Road Carpets Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables |
2022
2023
62
62
27,668
17,418
17,480
27,730
6. Trade and other payables: amounts falling due within one year |
2022
2023
4,167
-
118,243
80,419
Taxation and social security |
8,999
54,690
34,505
30,142
165,914
165,251
7. Trade and other payables: amounts falling due after more than one year |
2022
2023
-
29,167
8. Average number of persons employed |
During the year the average number of employees was 5 (2022 : 7)
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