Registered number
04568585
AJ Smith Carpentry & Building Contractors Limited
Filleted Accounts
31 March 2023
AJ Smith Carpentry & Building Contractors Limited
Registered number: 04568585
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,718 3,020
Current assets
Stocks 89,600 62,000
Debtors 4 7,427 9,228
Cash at bank and in hand 98,562 106,614
195,589 177,842
Creditors: amounts falling due within one year 5 (45,230) (50,065)
Net current assets 150,359 127,777
Net assets 153,077 130,797
Capital and reserves
Called up share capital 100 100
Profit and loss account 152,977 130,697
Shareholders' funds 153,077 130,797
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.
A Smith
Director
Approved by the board on 23 October 2023
AJ Smith Carpentry & Building Contractors Limited
Notes to the Accounts
for the year ended 31 March 2023
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 rendering of services. 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 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
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current tax liabilities are not discounted.
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 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 28,310
Additions 1,074
At 31 March 2023 29,384
Depreciation
At 1 April 2022 25,290
Charge for the year 1,376
At 31 March 2023 26,666
Net book value
At 31 March 2023 2,718
At 31 March 2022 3,020
4 Debtors 2023 2022
£ £
Trade debtors 1,981 648
Other debtors 5,446 8,580
7,427 9,228
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 30,113 21,019
Taxation and social security costs 15,117 27,516
Other creditors - 1,530
45,230 50,065
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
A Smith
Loan - 1,943 - 1,943
- 1,943 - 1,943
7 Controlling party
The company is controlled by A Smith and J Smith.
8 Other information
AJ Smith Carpentry & Building Contractors Limited is a private company limited by shares and incorporated in England. Its registered office is:
34 Ringwood Road
Walkford
Christchurch
Dorset
BH23 5RD
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