Swinton Carpets Ltd,Ltd - AccountsLtd - Accounts

Swinton Carpets Ltd,Ltd - AccountsLtd - Accounts

SWINTON CARPETS LIMITED - Company Information

Print Friendly Version

2021-04-01 09828971 2022-03-31 09828971 2021-04-01 2022-03-31 09828971 2021-03-31 09828971 2020-04-01 2021-03-31 09828971 uk-core:WithinOneYear 2021-03-31 09828971 uk-core:WithinOneYear 2022-03-31 09828971 uk-core:AfterOneYear 2021-03-31 09828971 uk-core:AfterOneYear 2022-03-31 09828971 uk-core:ShareCapital 2022-03-31 09828971 uk-core:ShareCapital 2021-03-31 09828971 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 09828971 uk-core:RetainedEarningsAccumulatedLosses 2021-03-31 09828971 uk-bus:Director1 2021-04-01 2022-03-31 09828971 uk-core:NetGoodwill 2021-04-01 2022-03-31 09828971 uk-core:LeaseholdImprovements 2021-04-01 2022-03-31 09828971 uk-core:CommercialMotorVehicles 2021-04-01 2022-03-31 09828971 uk-core:FurnitureFittings 2021-04-01 2022-03-31 09828971 uk-core:Goodwill 2021-03-31 09828971 uk-core:Goodwill 2022-03-31 09828971 uk-core:Goodwill 2021-04-01 2022-03-31 09828971 uk-core:FurnitureFittings 2021-03-31 09828971 uk-core:CommercialMotorVehicles 2021-03-31 09828971 uk-core:LeaseholdImprovements 2021-03-31 09828971 uk-core:LeaseholdImprovements 2022-03-31 09828971 uk-core:CommercialMotorVehicles 2022-03-31 09828971 uk-core:FurnitureFittings 2022-03-31 09828971 uk-core:AfterOneYear uk-core:Secured 2022-03-31 09828971 uk-core:AfterOneYear uk-core:Secured 2021-03-31 iso4217:GBP xbrli:pure 09828971 uk-bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 09828971 uk-bus:FRS102 2021-04-01 2022-03-31 09828971 uk-bus:FullAccounts 2021-04-01 2022-03-31 09828971 uk-bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31
Swinton Carpets Ltd
Registered Number:09828971
For the year ended 31 March 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2022
Swinton Carpets Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
09828971
As at 31 March 2022
Swinton Carpets Ltd
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Intangible assets
24,266
31,037
2
Property, plant and equipment
1,828
2,178
3
26,094
33,215
Current assets
Inventories
130,031
129,480
4
Trade and other receivables
9,097
28,005
5
6,384
Cash and cash equivalents
11,258
168,743
145,512
Trade and other payables: amounts falling due within one year
(127,233)
(178,710)
6
18,279
(9,967)
Net current liabilities
Total assets less current liabilities
16,127
51,494
Trade and other payables: amounts falling due after more than one year
(50,000)
(41,667)
7
(25,540)
Net assets/liabilities
1,494
Capital and reserves
Called up share capital
1
1
Retained earnings
(25,541)
1,493
(25,540)
1,494
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges her 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.
Miss Natalie Banks Director
These financial statements were approved and authorised for issue by the Board on 26 May 2022 and were signed by:
1 of 5
4
Registered Number :
09828971
For the year ended 31 March 2022
Swinton Carpets Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
5
For the year ended 31 March 2022
Swinton Carpets Ltd
Notes to the Financial Statements
Statutory Information
Swinton Carpets Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 09828971.
Principal place of business:
Unit 3-5 Rowms Lane
Swinton
Mexborough
S64 8AA
Registered address:
Horizon House
2 Whiting Street
Sheffield
S8 9QR
The presentation currency is £ sterling.
1. Accounting policies
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 2015, 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:
Land and buildings
10% Straight line
25% Straight line
Motor vehicles
10% Straight line
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
6
For the year ended 31 March 2022
Swinton Carpets Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2021
67,717
At 31 March 2022
67,717
Amortisation
At 01 April 2021
36,680
6,771
Charge for year
At 31 March 2022
43,451
Net book value
At 31 March 2022
24,266
At 31 March 2021
31,037
3. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Land and buildings
£
£
£
£
Cost or valuation
At 01 April 2021
6,085
1,490
2,595
2,000
At 31 March 2022
2,000
2,595
1,490
6,085
Provision for depreciation and impairment
At 01 April 2021
3,907
662
2,595
650
Charge for year
350
150
-
200
At 31 March 2022
4,257
812
2,595
850
At 31 March 2022
Net book value
1,150
-
678
1,828
At 31 March 2021
1,350
-
828
2,178
4. Inventories
2021
2022
£
£
Stocks
129,480
130,031
4 of 5
7
For the year ended 31 March 2022
Swinton Carpets Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2021
2022
£
£
Trade debtors
2,561
917
Other debtors
25,444
8,180
9,097
28,005
6. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Trade creditors
128,707
28,823
Taxation and social security
3,239
16,847
Other creditors
46,764
81,563
178,710
127,233
7. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft
41,667
50,000
8. Average number of persons employed
During the year the average number of employees was 6 (2021 : 6)
5 of 5