Mountshill Woodcraft Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 12454656 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Mountshill Woodcraft Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R A A Chiles

REGISTERED OFFICE:

Oakhurst Farm

Turnden

Cranbrook

Kent

TN17 2QL

REGISTERED NUMBER:

12454656 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Bank Chambers

61 High Street

Cranbrook

Kent

TN17 3EG

FIXED ASSETS

Tangible assets

4

1,829

1,029

CURRENT ASSETS

Stocks

4,500

3,000

Debtors

5

5,610

25,988

Cash at bank

36,487

20,652

46,597

49,640

CREDITORS

Amounts falling due within one year

6

8,330

22,628

NET CURRENT ASSETS

38,267

27,012

TOTAL ASSETS LESS CURRENT LIABILITIES

40,096

28,041

CAPITAL AND RESERVES

Called up share capital

7

10

10

Retained earnings

40,086

28,031

SHAREHOLDERS' FUNDS

40,096

28,041

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 and authorised for issue on 21 December 2023 and were signed by:

Mr R A A Chiles - Director

1.	STATUTORY INFORMATION

Mountshill Woodcraft Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2022

-

1,000

674

1,674

Additions

400

-

1,020

1,420

At 31 March 2023

400

1,000

1,694

3,094

DEPRECIATION

At 1 April 2022

-

500

145

645

Charge for year

92

125

403

620

At 31 March 2023

92

625

548

1,265

NET BOOK VALUE

At 31 March 2023

308

375

1,146

1,829

At 31 March 2022

-

500

529

1,029

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

5,368

658

Amounts recoverable on contract

-

21,160

Other debtors

242

4,170

5,610

25,988

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Taxation and social security

6,244

5,251

Other creditors

2,086

17,377

8,330

22,628

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.23

31.3.22

value:

£

£

10

Ordinary

£1

10

10

8.	RELATED PARTY DISCLOSURES

During the year the business paid net rents of £16,710 [2022: £13,470] to Mr R A A Chiles, a director of the company. This is considered to be at arms length for the full market value.