House Of Carpets (Uxbridge) Limited - Period Ending 2016-02-29

HOUSE OF CARPETS (UXBRIDGE) LIMITED - Company Information

Registration number: 04672415

House Of Carpets (Uxbridge) Limited

Unaudited Abbreviated Accounts

for the Year Ended 29 February 2016

Blackborn Limited
131 High Street
Chalfont St Peter
Buckinghamshire
SL9 9QJ

House Of Carpets (Uxbridge) Limited

Contents

Accountants' Report	1
Abbreviated Balance Sheet	2
Notes to the Abbreviated Accounts	3 to 5

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
House Of Carpets (Uxbridge) Limited
for the Year Ended 29 February 2016

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of House Of Carpets (Uxbridge) Limited for the year ended 29 February 2016 set out on pages XX from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of House Of Carpets (Uxbridge) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of House Of Carpets (Uxbridge) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than House Of Carpets (Uxbridge) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that House Of Carpets (Uxbridge) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of House Of Carpets (Uxbridge) Limited. You consider that House Of Carpets (Uxbridge) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of House Of Carpets (Uxbridge) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Blackborn Limited
131 High Street
Chalfont St Peter
Buckinghamshire
SL9 9QJ

25 October 2016

Page 1

House Of Carpets (Uxbridge) Limited

(Registration number: 04672415)
Abbreviated Balance Sheet as at 29 February 2016

	Note	2016 £	2015 £
Fixed assets
Intangible assets	2	13,830	15,367
Tangible assets	2	4,284	5,019
		18,114	20,386
Current assets
Stocks		2,577	1,150
Debtors		46,574	31,044
		49,151	32,194
Creditors: Amounts falling due within one year		(53,467)	(33,645)
Net current liabilities		(4,316)	(1,451)
Total assets less current liabilities		13,798	18,935
Accruals and deferred income		(1,772)	(1,772)
Net assets		12,026	17,163
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		11,926	17,063
Shareholders funds		12,026	17,163

For the year ending 29 February 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 3 November 2016 and signed on its behalf by:

.........................................
Mr Geoff Marfell
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

House Of Carpets (Uxbridge) Limited

Notes to the Abbreviated Accounts

Accounting policies

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are stated in the balance sheet at cost less accumulated amortisation and impairment. They are amortised on a straight line basis over their estimated useful lives.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures & Fittings	15% on reducing balance
Motor Vehicles	25% on reducing balance

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Current asset investments

Current asset investments are included at the lower of cost and net realisable value.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Fixed assets

	Intangible assets £	Tangible assets £	Total £
Cost
At 1 March 2015	30,737	26,631	57,368
Additions	-	83	83
At 29 February 2016	30,737	26,714	57,451
Depreciation
At 1 March 2015	15,370	21,612	36,982
Charge for the year	1,537	818	2,355
At 29 February 2016	16,907	22,430	39,337
Net book value
At 29 February 2016	13,830	4,284	18,114
At 28 February 2015	15,367	5,019	20,386

Page 3

House Of Carpets (Uxbridge) Limited

Notes to the Abbreviated Accounts

	Intangible assets £	Tangible assets £	Total £
Cost
At 1 March 2015	30,737	26,631	57,368
Additions	-	83	83
At 29 February 2016	30,737	26,714	57,451
Depreciation
At 1 March 2015	15,370	21,612	36,982
Charge for the year	1,537	818	2,355
At 29 February 2016	16,907	22,430	39,337
Net book value
At 29 February 2016	13,830	4,284	18,114
At 28 February 2015	15,367	5,019	20,386

Page 4

House Of Carpets (Uxbridge) Limited

Notes to the Abbreviated Accounts

Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	£	No.	£
Allotted,Issued and fully Paid: of £1 each	100	100	100	100

Analysis of net debt

	At 1 March 2015 £	Cash flow £	At 29 February 2016 £
Debt due within one year	(2,959)	2,959	-
Net debt	(2,959)	2,959	-

Related party transactions

Transactions with directors

2015

At 1 March 2014
£

Advances to directors
£

Repayments by director
£

Other payments made to company by director
£

At 28 February 2015
£

Other transactions with directors

Mr G Marfell Mr Marfell is director & a shareholder of the company. Dividends to the value of £35,200 were received during the year. Mrs G Marfell Mrs Marfell is a shareholder of the company. Dividends to the value of £8,800 were received during the year.

Control

The directors are the controlling party by virtue of their controlling shareholding in the company.

Page 5