S P Smith Carpentry and Building Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10582805 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

S P Smith Carpentry and Building Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

Mr S Smith

REGISTERED OFFICE:

Crown Buildings

18 Market Hill

Chatteris

Cambridgeshire

PE16 6BA

REGISTERED NUMBER:

10582805 (England and Wales)

ACCOUNTANTS:

Evolve Tax & Accountancy LLP

Crown Buildings

18 Market Hill

Chatteris

Cambridgeshire

PE16 6BA

FIXED ASSETS

Tangible assets

4

4,062

5,250

CURRENT ASSETS

Stocks

20,000

4,110

Debtors

5

7,816

613

Cash at bank

15,711

34,674

43,527

39,397

CREDITORS

Amounts falling due within one year

6

39,357

43,048

NET CURRENT ASSETS/(LIABILITIES)

4,170

(3,651

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,232

1,599

CAPITAL AND RESERVES

Called up share capital

7

10

10

Retained earnings

8,222

1,589

SHAREHOLDERS' FUNDS

8,232

1,599

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director on 19 December 2019 and were signed by:

Mr S Smith - Director

1.	STATUTORY INFORMATION

S P Smith Carpentry and Building 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

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 reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and

handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive income

or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

7,000

Additions

166

At 31 March 2019

7,166

DEPRECIATION

At 1 April 2018

1,750

Charge for year

1,354

At 31 March 2019

3,104

NET BOOK VALUE

At 31 March 2019

4,062

At 31 March 2018

5,250

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

7,680

504

Other debtors

136

109

7,816

613

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

11,808

4,546

Taxation and social security

13,140

10,490

Other creditors

14,409

28,012

39,357

43,048

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

1

10

10

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of

Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2019 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Evolve Tax & Accountancy LLP

Crown Buildings

18 Market Hill

Chatteris

Cambridgeshire

PE16 6BA

19 December 2019