Registered number
12487427
The Custom Cabin and Treehouse Limited
Filleted Accounts
28 February 2022
The Custom Cabin and Treehouse Limited
Registered number: 12487427
Balance Sheet
as at 28 February 2022
Notes 2022 2021
£ £
Fixed assets
Intangible assets 3 15,000 20,000
Tangible assets 4 10,648 -
25,648 20,000
Current assets
Stocks - 4,434
Debtors 5 50 -
Cash at bank and in hand 2,771 8,673
2,821 13,107
Creditors: amounts falling due within one year 6 (25,926) (33,162)
Net current liabilities (23,105) (20,055)
Net assets/(liabilities) 2,543 (55)
Capital and reserves
Called up share capital 1 1
Profit and loss account 2,542 (56)
Shareholders' funds 2,543 (55)
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.
Z Redding
Director
Approved by the board on 12 September 2022
The Custom Cabin and Treehouse Limited
Notes to the Accounts
for the year ended 28 February 2022
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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 2022 2021
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2021 25,000
At 28 February 2022 25,000
Amortisation
At 1 March 2021 5,000
Provided during the year 5,000
At 28 February 2022 10,000
Net book value
At 28 February 2022 15,000
At 28 February 2021 20,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 13,310
At 28 February 2022 13,310
Depreciation
Charge for the year 2,662
At 28 February 2022 2,662
Net book value
At 28 February 2022 10,648
5 Debtors 2022 2021
£ £
Trade debtors 50 -
6 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 339 15,046
Taxation and social security costs 205 -
Other creditors 25,382 18,116
25,926 33,162
7 Other information
The Custom Cabin and Treehouse Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Spenser Close
Bicester
OX26 2FA
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