Carpentry Works Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 12644308 (England and Wales)

CARPENTRY WORKS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 JUNE 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M S Crees

D J Butlin

REGISTERED OFFICE:

3 Lerryn Gardens

Broadstairs

CT10 3BH

REGISTERED NUMBER:

12644308 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

Chartered Certified Accountants

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

FIXED ASSETS

Tangible assets

4

171

228

CURRENT ASSETS

Debtors

5

15,565

51,416

Cash at bank

9

4,522

15,574

55,938

CREDITORS

Amounts falling due within one year

6

(57,697

)

(53,564

)

NET CURRENT (LIABILITIES)/ASSETS

(42,123

)

2,374

TOTAL ASSETS LESS CURRENT LIABILITIES

(41,952

)

2,602

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

(41,956

)

2,598

(41,952

)

2,602

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 25 April 2024 and were signed on its behalf by:

M S Crees - Director

D J Butlin - Director

1.	STATUTORY INFORMATION

Carpentry Works 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.

Fixture & Fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 2 (2022 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixture &

Computer

Fittings

equipment

Totals

£

£

£

COST

At 30 June 2022

and 29 June 2023

160

254

414

DEPRECIATION

At 30 June 2022

72

114

186

Charge for year

22

35

57

At 29 June 2023

94

149

243

NET BOOK VALUE

At 29 June 2023

66

105

171

At 29 June 2022

88

140

228

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

-

26,640

Sundry debtors

10,734

20,223

MJ Domestic Plumbing & Heating Ltd

-

983

Tax

4,734

-

VAT

97

3,570

15,565

51,416

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

14

-

Other loans

4,217

4,000

Trade creditors

5,803

16,561

Corporation Tax

4,735

4,735

Social security and other taxes

9,771

3,416

Sundry creditors

1,916

1,911

Directors' current accounts

29,307

20,616

Accrued expenses

1,934

2,325

57,697

53,564

7.	GOING CONCERN

These accounts have been prepared on a going concern basis, on the understanding the directors and shareholders will continue to financially support the company.