Registered number
12487427
The Custom Cabin and Treehouse Limited
Filleted Accounts
29 February 2024
The Custom Cabin and Treehouse Limited
Registered number: 12487427
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 5,000 10,000
Tangible assets 4 6,773 9,631
11,773 19,631
Current assets
Debtors 5 1,554 654
Cash at bank and in hand 14,192 11,588
15,746 12,242
Creditors: amounts falling due within one year 6 (5,631) (17,692)
Net current assets/(liabilities) 10,115 (5,450)
Net assets 19,699 14,181
Capital and reserves
Called up share capital 1 1
Profit and loss account 19,698 14,180
Shareholders' funds 19,699 14,181
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.
Z Redding
Director
Approved by the board on 11 March 2024
The Custom Cabin and Treehouse Limited
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
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.
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 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2023 25,000
At 29 February 2024 25,000
Amortisation
At 1 March 2023 15,000
Provided during the year 5,000
At 29 February 2024 20,000
Net book value
At 29 February 2024 5,000
At 28 February 2023 10,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 15,151
Additions -
At 29 February 2024 15,151
Depreciation
At 1 March 2023 5,520
Charge for the year 2,858
At 29 February 2024 8,378
Net book value
At 29 February 2024 6,773
At 28 February 2023 9,631
5 Debtors 2024 2023
£ £
Trade debtors 1,554 654
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - -
Taxation and social security costs 1,635 1,261
Other creditors 3,996 16,431
5,631 17,692
7 Other information
The Custom Cabin and Treehouse Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Spenser Close
Bicester
OX26 2FA
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