Registered number
04833346
The Carpenters Fellowship
Filleted Accounts
31 December 2021
The Carpenters Fellowship
Registered number: 04833346
Balance Sheet
as at 31 December 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 501 23
Investments 4 100 100
601 123
Current assets
Debtors 5 11,759 12,259
Cash at bank and in hand 20,914 24,341
32,673 36,600
Creditors: amounts falling due within one year 6 (500) (550)
Net current assets 32,173 36,050
Net assets 32,774 36,173
Capital and reserves
Called up share capital 6,940 6,940
Profit and loss account 25,834 29,233
Shareholders' funds 32,774 36,173
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Tim Walton
Director
Approved by the board on 29 August 2022
The Carpenters Fellowship
Notes to the Accounts
for the year ended 31 December 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2021 2,202
Additions 603
At 31 December 2021 2,805
Depreciation
At 1 January 2021 2,179
Charge for the year 125
At 31 December 2021 2,304
Net book value
At 31 December 2021 501
At 31 December 2020 23
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2021 100
At 31 December 2021 100
5 Debtors 2021 2020
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 4,733 5,233
Other debtors 7,026 7,026
11,759 12,259
6 Creditors: amounts falling due within one year 2021 2020
£ £
Other creditors 500 550
7 Controlling party
The company is controlled by its members. There is no ultimate controlling party.
8 Other information
The Carpenters Fellowship is a private company limited by shares and incorporated in England. Its registered office is:
20 The Bassetts
Box
Corsham
SN13 8ER
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