2013-08-01
true
false
Private Limited Company
03833797
2014-07-31
03833797
2013-08-01
2014-07-31
03833797
2013-07-31
03833797
2012-08-01
2013-07-31
03833797
uk-bus:Director1
2013-08-01
2014-07-31
03833797
uk-gaap:FixturesFittings
2013-08-01
2014-07-31
iso4217:GBP
For the year ended 31 July 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03833797
2
The Carpet Foundation
For the year ended 31 July 2014
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
| Abbreviated Balance Sheet |
The Carpet Foundation
2014
2013
2
223
2,165
223
2,165
8,483
10,215
96,808
83,193
107,023
91,676
| Creditors: amounts falling due within one year |
(20,583)
(18,733)
71,093
88,290
Net current assets
| Total assets less current liabilities |
88,513
73,258
88,513
Net assets
73,258
88,513
73,258
88,513
73,258
Shareholders funds
| For the year ended 31 July 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) 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. |
| Date approved by the board: 05 February 2015 |
| Signed on behalf of the board of directors |
1 of 3
4
| Notes to the Abbreviated Financial Statements |
The Carpet Foundation
For the year ended 31 July 2014
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
| Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees. |
| Contributions payable are charged to the profit and loss account in the period in which they are payable. |
| Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted. |
| 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: |
Fixtures and Fittings
2 of 3
5
| Notes to the Abbreviated Financial Statements |
The Carpet Foundation
For the year ended 31 July 2014
45,735
45,735
43,570
1,942
Charge for year
45,512
223
2,165
3 of 3
