Registered number
09669248
B Cole Carpentry Ltd
Filleted Accounts
31 July 2023
B Cole Carpentry Ltd
Registered number: 09669248
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 6,025 8,035
Current assets
Debtors 4 41,382 23,264
Cash at bank and in hand 361,798 353,246
403,180 376,510
Creditors: amounts falling due within one year 5 3,595 34,238
Net current assets 406,775 410,748
Total assets less current liabilities 412,800 418,783
Creditors: amounts falling due after more than one year 6 (19,007) (20,607)
Net assets 393,793 398,176
Capital and reserves
Called up share capital 2 2
Profit and loss account 393,791 398,174
Shareholder's funds 393,793 398,176
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.
B Cole
Director
Approved by the board on 17 April 2024
B Cole Carpentry Ltd
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2022 10,096 19,903 29,999
At 31 July 2023 10,096 19,903 29,999
Depreciation
At 1 August 2022 7,019 14,945 21,964
Charge for the year 769 1,241 2,010
At 31 July 2023 7,788 16,186 23,974
Net book value
At 31 July 2023 2,308 3,717 6,025
At 31 July 2022 3,077 4,958 8,035
4 Debtors 2023 2022
£ £
Trade debtors 21,382 3,264
Other debtors 20,000 20,000
41,382 23,264
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 6,869 6,869
Trade creditors 999 26,858
Taxation and social security costs (11,648) (68,600)
Other creditors 185 635
(3,595) (34,238)
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 19,007 20,607
7 Other information
B Cole Carpentry Ltd is a private company limited by shares and incorporated in England. Its registered office is:
9 Brantwood Close
West Byfleet
Surrey
KT14 6BN
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