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Company Registration No. 11408507 (England and Wales)
Coastal Carpenters Ltd Unaudited accounts for the year ended 30 June 2023
Coastal Carpenters Ltd Unaudited accounts Contents
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Coastal Carpenters Ltd Company Information for the year ended 30 June 2023
Directors
Daniel Paul Basil Cheater Verity Susan Cheater
Company Number
11408507 (England and Wales)
Registered Office
62 Sunnyside Road Poole BH12 2LQ
Accountants
SH Accounting Solutions Ltd Office 1, 319a Holdenhurst Road Bournemouth BH8 8BT
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Coastal Carpenters Ltd Accountants' report
Accountants' report to the board of directors of Coastal Carpenters Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 June 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 30 June 2023. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
SH Accounting Solutions Ltd Office 1, 319a Holdenhurst Road Bournemouth BH8 8BT 27 March 2024
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Coastal Carpenters Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,511 
4,500 
Current assets
Debtors
21,817 
16,462 
Cash at bank and in hand
6,991 
190 
28,808 
16,652 
Creditors: amounts falling due within one year
(28,136)
(14,998)
Net current assets
672 
1,654 
Total assets less current liabilities
4,183 
6,154 
Creditors: amounts falling due after more than one year
(4,000)
(6,000)
Net assets
183 
154 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
83 
54 
Shareholders' funds
183 
154 
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2024 and were signed on its behalf by
Daniel Paul Basil Cheater Director Company Registration No. 11408507
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Coastal Carpenters Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Coastal Carpenters Ltd is a private company, limited by shares, registered in England and Wales, registration number 11408507. The registered office is 62 Sunnyside Road, Poole, BH12 2LQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
20% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
1,360 
5,600 
6,960 
At 30 June 2023
1,360 
5,600 
6,960 
Depreciation
At 1 July 2022
447 
2,013 
2,460 
Charge for the year
272 
717 
989 
At 30 June 2023
719 
2,730 
3,449 
Net book value
At 30 June 2023
641 
2,870 
3,511 
At 30 June 2022
913 
3,587 
4,500 
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Coastal Carpenters Ltd Notes to the Accounts for the year ended 30 June 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
1,902 
Accrued income and prepayments
- 
1,978 
Other debtors
21,817 
12,582 
21,817 
16,462 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,000 
2,000 
Trade creditors
2,183 
154 
Taxes and social security
23,353 
12,244 
Accruals
600 
600 
28,136 
14,998 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
4,000 
6,000 
8
Transactions with related parties
Directors During the year, the company made the following third party transactions: During the year, the directors received loans of £39,069 and repaid £31,422. Interest has been charged on the loan at 2% during the year. At the balance sheet date, the amount owed by the directors was £20,229 (2022 £12,582).
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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