Registered number
06955030
Herridge Carpentry Limited
Filleted Accounts
31 July 2023
Herridge Carpentry Limited
Registered number: 06955030
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 24,938 437
Current assets
Debtors 5 763 80
Cash at bank and in hand 31,851 25,791
32,614 25,871
Creditors: amounts falling due within one year 6 (10,747) (8,928)
Net current assets 21,867 16,943
Total assets less current liabilities 46,805 17,380
Creditors: amounts falling due after more than one year 7 (7,807) -
Net assets 38,998 17,380
Capital and reserves
Called up share capital 100 100
Profit and loss account 38,898 17,280
Shareholder's funds 38,998 17,380
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
D Herridge
Director
Approved by the board on 5 October 2023
Herridge Carpentry Limited
Notes to the Accounts
for the year ended 31 July 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 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.
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 25% straight line
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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and 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 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2022 18,000
At 31 July 2023 18,000
Amortisation
At 1 August 2022 18,000
At 31 July 2023 18,000
Net book value
At 31 July 2023 -
Goodwill has been written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2022 755 12,918 13,673
Additions - 26,349 26,349
Disposals - (12,917) (12,917)
At 31 July 2023 755 26,350 27,105
Depreciation
At 1 August 2022 318 12,918 13,236
Charge for the year 218 1,631 1,849
On disposals - (12,918) (12,918)
At 31 July 2023 536 1,631 2,167
Net book value
At 31 July 2023 219 24,719 24,938
At 31 July 2022 437 - 437
5 Debtors 2023 2022
£ £
Trade debtors - 80
Debtors - director's loan account 763 -
763 80
6 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 3,859 -
Taxation and social security costs 5,476 7,565
Director's loan account 2 (2)
Other creditors 1,410 1,365
10,747 8,928
7 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 7,807 -
8 Controlling party
The shares are under the control of the sole director.
9 Other information
Herridge Carpentry Limited is a private company limited by shares and incorporated in England. Its registered office is:
28 Porthallow Close
Orpington
Kent
BR6 9XU
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