Carpet Edging Uk Limited

Carpet Edging Uk Limited, based in Skelmersdale, UK, is a small, active company established three years ago. With two employees and £37,032 in assets, it operates from a real address and is managed by two directors and owners. The company runs an e-commerce site and engages in irregular import and export activities, primarily dealing with special woven and decorative fabrics—two months of imports and one month of exports recorded recently. It's a small business, meeting two of the three conditions to be considered small (turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees).

The company's website, while not detailed, suggests a focus on floor and wall coverings, specifically the retail sale of carpets, rugs, and related products. It seems to be a specialised retailer, catering to a particular niche within the home improvement market.

Financially, Carpet Edging Uk Limited presents a mixed picture. While cash reserves have increased by a healthy 52% to £35,000, net current assets have plummeted to a negative -£4,700. Bank borrowings have jumped significantly, reaching £12,000, and creditors have risen by 94% to £42,000. Trade debtors, however, are a mere £2,400, a relatively small amount. Equity has increased slightly, up 30% to £7,200. The company's net assets liabilities are £7,200. The increase in bank borrowings and the negative net current assets suggest that the company is relying on external funding to manage its day-to-day operations, and it is burning through money.

The company's accounting standards applied are Small Entities. The accounts are filleted accounts and there is no audit. The company is entitled to exemption from audit under section 477 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.

It's worth noting that the company's small size and lack of an auditor (likely exempt as a small company) mean the figures are unaudited and rely on director-reported data. Overall, Carpet Edging Uk Limited appears to be navigating a challenging financial landscape, relying on its e-commerce presence and specialised product offerings to sustain its operations.

Registered in England/Wales under the registration number 13711685, with a registered address at WN8 9UP, England, Skelmersdale, Unit 8 Gorsey Place, Greenwood Business Centre.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.