Registered number
14123953
SN Joinery and Carpentry Services Ltd
Filleted Accounts
31 May 2023
SN Joinery and Carpentry Services Ltd
Registered number: 14123953
Balance Sheet
as at 31 May 2023
Notes 2023
£
Fixed assets
Tangible assets 3 25,028
Current assets
Debtors 4 14,116
Cash at bank and in hand 18,776
32,892
Creditors: amounts falling due within one year 5 (19,976)
Net current assets 12,916
Total assets less current liabilities 37,944
Creditors: amounts falling due after more than one year 6 (8,592)
Net assets 29,352
Capital and reserves
Called up share capital 100
Profit and loss account 29,252
Shareholders' funds 29,352
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.
Sergio De Freitas Noite
Director
Approved by the board on 17 February 2024
SN Joinery and Carpentry Services Ltd
Notes to the Accounts
for the period from 23 May 2022 to 31 May 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, 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 4 years
Fixtures, fittings, tools and equipment over 4 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. 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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
Additions 13,006 18,795 31,801
At 31 May 2023 13,006 18,795 31,801
Depreciation
Charge for the period 3,251 3,522 6,773
At 31 May 2023 3,251 3,522 6,773
Net book value
At 31 May 2023 9,755 15,273 25,028
4 Debtors 2023
£
Trade debtors 2,647
CIS Control Tax 4,376
VAT Debtor 7,093
14,116
5 Creditors: amounts falling due within one year 2023
£
Obligations under finance lease and hire purchase contracts 5,861
Trade creditors 5,556
Taxation and social security costs 7,321
Other creditors 1,238
19,976
6 Creditors: amounts falling due after one year 2023
£
Obligations under finance lease and hire purchase contracts 8,592
7 Other information
SN Joinery and Carpentry Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
62 Dunelm Grove
London
SE27 9JZ
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