Accounts filed on 28-02-2023


ACCOUNTS
FOR THE YEAR ENDED 28/02/2023





DIRECTORS
Jason Milward
Matthew Gray


REGISTERED OFFICE
Forge Cottage
Great Green
Cockfield
Bury St Edmunds
IP30 0HJ


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07959821



ACCOUNTANTS
M H Accountancy
The Croft
Windsor Green
Cockfield
Bury St Edmunds
IP30 0LY


ACCOUNTS
FOR THEYEARENDED28/02/2023



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		5


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 28/02/2023

			2023		2022
	Notes		£		£

FIXED ASSETS
Tangible assets	2		12,389		15,012

CURRENT ASSETS
Stock		392,732		334,597
Debtors	4	24,167		25,585
Cash at bank and in hand		47,890		54,018
		464,789		414,200
CREDITORS: Amounts falling due within one year	5	112,248		93,154
NET CURRENT ASSETS			352,541		321,046
TOTAL ASSETS LESS CURRENT LIABILITIES			364,930		336,058


CREDITORS: Amounts falling due after more than one year	6		216,378		253,289


PROVISIONS FOR LIABILITIES AND CHARGES	8		2,354		2,852

NET ASSETS			146,198		79,917

CAPITAL AND RESERVES

Called up share capital	9		1		1
Profit and loss account			146,197		79,916
SHAREHOLDERS' FUNDS			146,198		79,917


BALANCE SHEET AT 28/02/2023

For the year ending 28/02/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 26/05/2023 and signed on their behalf by



.............................
Jason Milward
Director



.............................
Matthew Gray
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		reducing balance 15%
Commercial Vehicles		reducing balance 25%
Equipment		reducing balance 25%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Leasing Commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.




4. DEBTORS	2023	2022
	£	£
Amounts falling due within one year
Trade debtors	23,184	24,647
Prepayments	967	938
Directors current account - Jason Milward	16	-
	24,167	25,585




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2023	2022
	£	£
UK corporation tax	38,564	26,030
VAT	21,149	12,719
CIS control	2,340	1,736
Directors current account - Jason Milward	-	985
Directors current account - Matthew Gray	361	1,362
Bank Loan	30,572	29,805
Hire purchase	5,981	7,593
Trade creditors	11,570	11,359
Paye Control	-	202
Accruals	1,711	1,363
	112,248	93,154




6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2023	2022
	£	£
Bank loans (unsecured) >1yr	52,989	65,292
Bank loans (secured) >1yr	163,389	182,016
Hire purchase >1yr	-	5,981
	216,378	253,289




9. SHARE CAPITAL	2023	2022
	£	£
Allotted, issued and fully paid:
2 Ordinary shares of £0.50 each	1	1
	1	1