Registered number: 05667859 | ||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||
Prepared By: | ||||||||
Jackson and Green Accountants, Business & Tax Advisers | ||||||||
81 High Street | ||||||||
Cosham | ||||||||
Hampshire | ||||||||
PO6 3BL |
Solent Carpentry Services Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
None | ||||||||
REGISTERED OFFICE | ||||||||
Hampshire | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 05667859 | ||||||||
ACCOUNTANTS | ||||||||
Jackson and Green Accountants, Business & Tax Advisers | ||||||||
81 High Street | ||||||||
Cosham | ||||||||
Hampshire | ||||||||
PO6 3BL |
Solent Carpentry Services Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/03/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Strategic 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 | - |
Solent Carpentry Services Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 6 | |||||||||
Cash at bank and in hand | ||||||||||
192,325 | 91,175 | |||||||||
CREDITORS: Amounts falling due within one year | 7 | |||||||||
NET CURRENT ASSETS / (LIABILITIES) | (50,698) | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ( | |||||||||
CREDITORS: Amounts falling due after more than one year | 8 | 23,333 | 33,333 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 9 | |||||||||
NET ASSETS / (LIABILITIES) | ( | |||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 10 | |||||||||
Other reserves | 11 | - | 857 | |||||||
Profit and loss account | 30,664 | (82,472) | ||||||||
SHAREHOLDERS' FUNDS | ( | |||||||||
Solent Carpentry Services Limited | ||||||||
BALANCE SHEET AT | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
............................. | ||||||||||
Mr A S Gaylor | ||||||||||
Director | ||||||||||
Solent Carpentry Services Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting FRS 1021 a | ||||||||
Solent Carpentry Services Limited is a private company limited by shares and is registered and incorporated in England and Wales. The registered office is 81 High Street, Cosham, Hampshire, PO6 3BL. The principal activity of the company during the year under review was that of providing carpentry services. | ||||||||
These financial statements have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. | ||||||||
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. |
1b. Depreciation | ||||||||
Plant And Machinery | straight line25% | |||||||
Commercial Vehicles | straight line25% |
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. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The amount charged to profit or loss is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments. | ||||||||
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. |
Solent Carpentry Services Limited | ||||||||
1e. Goodwill | ||||||||
1f. Government Grants | ||||||||
Government grants are recognised in profit and loss in the year in which they are received. |
1g. Leasing Commitments | ||||||||
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. |
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 10 | |||||
3. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 01/04/2022 | 90,000 | 90,000 | ||
At 31/03/2023 | 90,000 | 90,000 | ||
Depreciation | ||||
At 01/04/2022 | 90,000 | 90,000 | ||
At 31/03/2023 | 90,000 | 90,000 | ||
Net Book Amounts | ||||
At 31/03/2023 | ||||
Solent Carpentry Services Limited | ||||||||
4. TANGIBLE FIXED ASSETS | ||||||
Plant and | Commercial | |||||
Machinery | Vehicles | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/04/2022 | 568 | 16,241 | 16,809 | |||
Additions | 461 | 17,000 | 17,461 | |||
Disposals | - | (12,260) | (12,260) | |||
At 31/03/2023 | 1,029 | 20,981 | 22,010 | |||
Depreciation | ||||||
At 01/04/2022 | 142 | 13,681 | 13,823 | |||
Disposals | - | (12,260) | (12,260) | |||
For the year | 219 | 2,766 | 2,985 | |||
At 31/03/2023 | 361 | 4,187 | 4,548 | |||
Net Book Amounts | ||||||
At 31/03/2023 | 17,462 | |||||
At 31/03/2022 | 2,986 | |||||
5. STOCK | 2023 | 2022 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
6. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 42,200 | 19,570 | ||||||
Other debtors | 1,600 | 1,600 | ||||||
Prepayments | 7,358 | 6,004 | ||||||
Accrued income | 29,381 | 37,749 | ||||||
80,539 | 64,923 | |||||||
Solent Carpentry Services Limited | ||||||||
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 22,335 | - | ||||||
VAT | 22,083 | 23,338 | ||||||
PAYE control | 6,333 | 6,804 | ||||||
Salaries and wages control | 5,920 | 4,499 | ||||||
CIS control | 2,965 | 3,704 | ||||||
Directors current account | 53 | 1,297 | ||||||
Directors current account | 499 | 447 | ||||||
Loans | 8,333 | 8,333 | ||||||
Credit card | 16,550 | 11,962 | ||||||
Trade creditors | 63,534 | 74,148 | ||||||
Pension schemes | - | 218 | ||||||
Accruals | 3,765 | 7,123 | ||||||
152,370 | 141,873 | |||||||
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Loans >1yr | 23,333 | 33,333 | ||||||
23,333 | 33,333 | |||||||
9. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 3,318 | 568 | ||||||
3,318 | 568 | |||||||
Solent Carpentry Services Limited | ||||||||
10. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 2 | |||||||
1 | ||||||||
1 | ||||||||
102 | 2 | |||||||
New shares issued during period: | ||||||||
98 | 98 | |||||||
1 | 1 | |||||||
1 | 1 | |||||||
100 | - | |||||||
98 Ordinary shares were issued and allotted on 31/03/2023. The Ordinary shares have attached to them full voting, dividend and capital distribution (including on winding up) rights; they do not confer any rights of redemption. 1 Ordinary A share and 1 Ordinary B share were issued and allotted on 31/03/2023. The Ordinary A and B shares are for dividend distribution only and are at the discretion of the Directors only and confer no other rights. |
11. OTHER RESERVES | 2023 | 2022 | ||||
£ | £ | |||||
Other reserves | - | 857 | ||||
- | 857 | |||||
12. CONTROLLING PARTY | ||||||||
The company is controlled by the directors, Mr M R Kingswell and Mr A S Gaylor. | ||||||||