High Street Carpets Limited - Accounts to registrar - small 17.1.1

High Street Carpets Limited - Accounts to registrar - small 17.1.1

HIGH STREET CARPETS LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v17.1.1.60 07461610 Board of Directors 1.1.16 31.12.16 31.12.16 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure074616102015-12-31074616102016-12-31074616102016-01-012016-12-31074616102014-12-31074616102015-01-012015-12-31074616102015-12-3107461610ns15:EnglandWales2016-01-012016-12-3107461610ns14:PoundSterling2016-01-012016-12-3107461610ns10:Director12016-01-012016-12-3107461610ns10:PrivateLimitedCompanyLtd2016-01-012016-12-3107461610ns10:SmallEntities2016-01-012016-12-3107461610ns10:AuditExemptWithAccountantsReport2016-01-012016-12-3107461610ns10:SmallCompaniesRegimeForDirectorsReport2016-01-012016-12-3107461610ns10:SmallCompaniesRegimeForAccounts2016-01-012016-12-3107461610ns10:FullAccounts2016-01-012016-12-310746161012016-01-012016-12-3107461610ns10:Director42016-01-012016-12-3107461610ns10:RegisteredOffice2016-01-012016-12-3107461610ns5:CurrentFinancialInstruments2016-12-3107461610ns5:CurrentFinancialInstruments2015-12-3107461610ns5:ShareCapital2016-12-3107461610ns5:ShareCapital2015-12-3107461610ns5:RetainedEarningsAccumulatedLosses2016-12-3107461610ns5:RetainedEarningsAccumulatedLosses2015-12-3107461610ns5:NetGoodwill2016-01-012016-12-3107461610ns5:PlantMachinery2016-01-012016-12-3107461610ns5:NetGoodwill2015-12-3107461610ns5:NetGoodwill2016-12-3107461610ns5:NetGoodwill2015-12-3107461610ns5:PlantMachinery2015-12-3107461610ns5:PlantMachinery2016-12-3107461610ns5:PlantMachinery2015-12-3107461610ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-12-3107461610ns5:CurrentFinancialInstrumentsns5:WithinOneYear2015-12-31


REGISTERED NUMBER: 07461610 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

HIGH STREET CARPETS LIMITED

HIGH STREET CARPETS LIMITED (REGISTERED NUMBER: 07461610)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

HIGH STREET CARPETS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTORS: A Sheehy
Mrs N Sheehy





REGISTERED OFFICE: 26 High Street
Ruislip
Middlesex
HA4 7AN





REGISTERED NUMBER: 07461610 (England and Wales)





ACCOUNTANTS: Orion Accountancy Limited
30 Garners Road
Chalfont St Peter
Buckinghamshire
SL9 0EZ
Page 1
HIGH STREET CARPETS LIMITED (REGISTERED NUMBER: 07461610)

BALANCE SHEET
31 DECEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,500 67
7,500 67

CURRENT ASSETS
Debtors 6 26,262 13,297
Cash at bank 109,329 67,547
135,591 80,844
CREDITORS
Amounts falling due within one year 7 89,932 75,430
NET CURRENT ASSETS 45,659 5,414
TOTAL ASSETS LESS CURRENT
LIABILITIES
53,159
5,481

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 53,149 5,471
SHAREHOLDERS' FUNDS 53,159 5,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 13 September 2017 and were signed on its behalf
by:




Mrs N Sheehy - Director


The notes form part of these financial statements

Page 2
HIGH STREET CARPETS LIMITED (REGISTERED NUMBER: 07461610)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

1. STATUTORY INFORMATION

High Street Carpets Limited 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 the provisions of Section 1A "Small Entities" 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 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

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 cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2016
and 31 December 2016 25,700
AMORTISATION
At 1 January 2016
and 31 December 2016 25,700
NET BOOK VALUE
At 31 December 2016 -
At 31 December 2015 -

Page 3 continued...
HIGH STREET CARPETS LIMITED (REGISTERED NUMBER: 07461610)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2016 805
Additions 10,000
At 31 December 2016 10,805
DEPRECIATION
At 1 January 2016 738
Charge for year 2,567
At 31 December 2016 3,305
NET BOOK VALUE
At 31 December 2016 7,500
At 31 December 2015 67

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 26,111 9,349
Other debtors 151 3,948
26,262 13,297

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors 24,351 20,471
Taxation and social security 19,555 20,540
Other creditors 46,026 34,419
89,932 75,430

Page 4
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HIGH STREET CARPETS LIMITED

The following reproduces the text of the report prepared for the directors and members 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 Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of High Street Carpets Limited for the year ended 31 December 2016 which comprise the Income
Statement, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of High Street Carpets Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of High Street Carpets Limited and state those matters that we have agreed to state to the Board of Directors of High Street Carpets Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than High Street Carpets Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that High Street Carpets Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of High Street Carpets Limited. You consider that High Street Carpets 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 financial statements of High Street Carpets 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 financial statements.






Orion Accountancy Limited
30 Garners Road
Chalfont St Peter
Buckinghamshire
SL9 0EZ


13 September 2017

This page does not form part of the statutory financial statements

Page 5