Advanced Carpentry Solutions Ltd - Accounts to registrar (filleted) - small 18.2
Advanced Carpentry Solutions Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH APRIL 2022 |
| FOR |
| ADVANCED CARPENTRY SOLUTIONS LTD |
| ADVANCED CARPENTRY SOLUTIONS LTD (REGISTERED NUMBER: 09549953) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH APRIL 2022 |
| Page |
| Company Information | 1 |
| Income Statement | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 5 |
| ADVANCED CARPENTRY SOLUTIONS LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30TH APRIL 2022 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Aspen Marketing Limited |
| Chartered Certified Accountants |
| Rubis House |
| 15 Friarn Street |
| Bridgwater |
| Somerset |
| TA6 3LH |
| ADVANCED CARPENTRY SOLUTIONS LTD (REGISTERED NUMBER: 09549953) |
| INCOME STATEMENT |
| FOR THE YEAR ENDED 30TH APRIL 2022 |
| 30/4/22 | 30/4/21 |
| £ | £ |
| TURNOVER |
| Cost of sales | ( |
) | ( |
) |
| GROSS PROFIT |
| Administrative expenses | ( |
) | ( |
) |
| 191,243 | 375,920 |
| Other operating income |
| OPERATING PROFIT |
| Interest receivable and similar income |
| 430,543 | 389,752 |
| Interest payable and similar expenses |
( |
) |
( |
) |
| PROFIT BEFORE TAXATION |
| Tax on profit | ( |
) | ( |
) |
| PROFIT FOR THE FINANCIAL YEAR |
| ADVANCED CARPENTRY SOLUTIONS LTD (REGISTERED NUMBER: 09549953) |
| BALANCE SHEET |
| 30TH APRIL 2022 |
| 30/4/22 | 30/4/21 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
7 |
( |
) |
( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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. |
| ADVANCED CARPENTRY SOLUTIONS LTD (REGISTERED NUMBER: 09549953) |
| BALANCE SHEET - continued |
| 30TH APRIL 2022 |
| The financial statements were approved and authorised for issue by the director and authorised for issue on |
| ADVANCED CARPENTRY SOLUTIONS LTD (REGISTERED NUMBER: 09549953) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH APRIL 2022 |
| 1. | STATUTORY INFORMATION |
| Advanced Carpentry Solutions Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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. |
| ADVANCED CARPENTRY SOLUTIONS LTD (REGISTERED NUMBER: 09549953) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH APRIL 2022 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Investment assets |
| The business investment in Crypto-currencies have been disposed of in full during the year, the directors have confirmed the investment holds no value and should not be included in the financial statements. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangibl |
| assets |
| £ |
| COST |
| At 1st May 2021 |
| Additions |
| Disposals | ( |
) |
| At 30th April 2022 |
| NET BOOK VALUE |
| At 30th April 2022 |
| At 30th April 2021 |
| ADVANCED CARPENTRY SOLUTIONS LTD (REGISTERED NUMBER: 09549953) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH APRIL 2022 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor | Computer |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1st May 2021 |
| Additions |
| Disposals | ( |
) | ( |
) |
| Reclassification/transfer | ( |
) |
| At 30th April 2022 |
| DEPRECIATION |
| At 1st May 2021 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30th April 2022 |
| NET BOOK VALUE |
| At 30th April 2022 |
| At 30th April 2021 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30/4/22 | 30/4/21 |
| £ | £ |
| Trade debtors |
| Amounts recoverable on contract |
| Other debtors |
| Directors' loan accounts | 240,973 | - |
| VAT |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30/4/22 | 30/4/21 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| Other creditors |
| Directors' loan accounts | - | 123,801 |
| Accrued expenses |
| ADVANCED CARPENTRY SOLUTIONS LTD (REGISTERED NUMBER: 09549953) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH APRIL 2022 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30/4/22 | 30/4/21 |
| £ | £ |
| Bank loans due 1-2 years |
| Hire purchase contracts |
| 9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30th April 2022 and 30th April 2021: |
| 30/4/22 | 30/4/21 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |