Raven Carpets & Flooring Ltd - Accounts to registrar (filleted) - small 18.2

Raven Carpets & Flooring Ltd - Accounts to registrar (filleted) - small 18.2

RAVEN CARPETS & FLOORING LTD - Company Information

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REGISTERED NUMBER: 11017221 (England and Wales)















Financial Statements for the Year Ended 31 October 2019

for

Raven Carpets & Flooring Ltd
Raven Carpets & Flooring Ltd (Registered number: 11017221)






Contents of the Financial Statements
for the Year Ended 31 October 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Raven Carpets & Flooring Ltd

Company Information
for the Year Ended 31 October 2019







DIRECTOR: P Raven





SECRETARY: P Raven





REGISTERED OFFICE: Unit 1b Elms Farm Buisness Park
Grove Road
Wantage
Oxfordshire
OX12 7PD





REGISTERED NUMBER: 11017221 (England and Wales)





ACCOUNTANTS: Westell Accountants
3 Bradfield Court
Drayton Mill, Milton Road
Drayton
Abingdon
Oxfordshire
OX14 4EF
1
Raven Carpets & Flooring Ltd (Registered number: 11017221)

Balance Sheet
31 October 2019

31.10.19 31.10.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,263 12,941

CURRENT ASSETS
Stocks 9,000 1,000
Debtors 5 14,397 29,840
Cash at bank and in hand 9,121 26,356
32,518 57,196
CREDITORS
Amounts falling due within one year 6 33,943 46,966
NET CURRENT (LIABILITIES)/ASSETS (1,425 ) 10,230
TOTAL ASSETS LESS CURRENT
LIABILITIES
8,838
23,171

CREDITORS
Amounts falling due after more than one
year
7
(5,096
)
(8,693
)

PROVISIONS FOR LIABILITIES (1,950 ) (2,459 )
NET ASSETS 1,792 12,019

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,790 12,017
SHAREHOLDERS' FUNDS 1,792 12,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections
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.

The notes form part of these financial statements

2 continued...
Raven Carpets & Flooring Ltd (Registered number: 11017221)

Balance Sheet - continued
31 October 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 17 February 2020 and were signed by:





P Raven - Director


The notes form part of these financial statements

3
Raven Carpets & Flooring Ltd (Registered number: 11017221)

Notes to the Financial Statements
for the Year Ended 31 October 2019

1. STATUTORY INFORMATION

Raven Carpets & Flooring Ltd is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2018 - 4 ) .

4 continued...
Raven Carpets & Flooring Ltd (Registered number: 11017221)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2019

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2018 15,467
Additions 580
At 31 October 2019 16,047
DEPRECIATION
At 1 November 2018 2,526
Charge for year 3,258
At 31 October 2019 5,784
NET BOOK VALUE
At 31 October 2019 10,263
At 31 October 2018 12,941

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.19 31.10.18
£    £   
Trade debtors 9,974 22,896
Other debtors 4,423 6,944
14,397 29,840

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.19 31.10.18
£    £   
Hire purchase contracts 3,597 3,597
Trade creditors 8,672 18,943
Taxation and social security 8,657 6,971
Other creditors 13,017 17,455
33,943 46,966

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.19 31.10.18
£    £   
Hire purchase contracts 5,096 8,693

5
Raven Carpets & Flooring Ltd

Report of the Accountants to the Director of
Raven Carpets & Flooring Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2019 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Westell Accountants
3 Bradfield Court
Drayton Mill, Milton Road
Drayton
Abingdon
Oxfordshire
OX14 4EF


Date: .............................................

This page does not form part of the statutory financial statements

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