Registered number: 07468307 | ||||||||
FOR THE YEAR ENDED 31 JULY 2023 | ||||||||
Prepared By: | ||||||||
Greywalls Accountants Limited | ||||||||
13 Isis Lake | ||||||||
Spine Road | ||||||||
South Cerney | ||||||||
Cirencester | ||||||||
GL7 5LT |
Carpentry and Partition Services Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 JULY 2023 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
Swindon | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 07468307 | ||||||||
ACCOUNTANTS | ||||||||
Greywalls Accountants Limited | ||||||||
13 Isis Lake | ||||||||
Spine Road | ||||||||
South Cerney | ||||||||
Cirencester | ||||||||
GL7 5LT |
Carpentry and Partition Services Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 JULY 2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Carpentry and Partition Services Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
240,558 | 377,751 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT (LIABILITIES) / ASSETS | ( | 23,013 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 8,286 | 35,240 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Carpentry and Partition Services Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 JULY 2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting FRS 1021 a | ||||||||
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. | ||||||||
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. The financial statements have been prepared under the historical cost convention. |
1b. Going Concern | ||||||||
The company continues to be profitable and the directors' have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements. |
1c. Depreciation | ||||||||
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. | ||||||||
Depreciation is provided on the following basis: | ||||||||
Motor Cars | reducing balance25% |
1d. Goodwill | ||||||||
Carpentry and Partition Services Limited | ||||||||
1e. Leasing Commitments | ||||||||
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis. |
1f. Functional Currency | ||||||||
The financial statements are prepared in pounds sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. |
1g. Taxation | ||||||||
The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date. | ||||||||
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that; the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. | ||||||||
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
1h. Turnover | ||||||||
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised: | ||||||||
Turnover from the sale of goods is recognised when all of the following conditions are satisfied: a) the Company has transferred the significant risks and rewards of ownership to the buyer; b) the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; c) the amount of turnover can be measured reliably; d) it is probable that the Company will receive the consideration due under the transaction; and e) the costs incurred or to be incurred in respect of the transaction can be measured reliably. |
Carpentry and Partition Services Limited | ||||||||
2. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 1 August 2022 | 126,000 | 126,000 | ||
At 31 July 2023 | 126,000 | 126,000 | ||
Depreciation | ||||
At 1 August 2022 | 126,000 | 126,000 | ||
At 31 July 2023 | 126,000 | 126,000 | ||
Net Book Amounts | ||||
At 31 July 2023 | ||||
3. TANGIBLE FIXED ASSETS | ||||||
Fixtures | ||||||
and Fittings | Motor Cars | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 1 August 2022 | 3,649 | 61,808 | 65,457 | |||
Additions | - | 10,643 | 10,643 | |||
Disposals | - | (11,643) | (11,643) | |||
At 31 July 2023 | 3,649 | 60,808 | 64,457 | |||
Depreciation | ||||||
At 1 August 2022 | 3,648 | 46,220 | 49,868 | |||
Disposals | - | (7,959) | (7,959) | |||
For the year | - | 5,637 | 5,637 | |||
At 31 July 2023 | 3,648 | 43,898 | 47,546 | |||
Net Book Amounts | ||||||
At 31 July 2023 | 16,911 | |||||
At 31 July 2022 | 15,589 | |||||
4. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 41,984 | 68,294 | ||||||
VAT | 549 | 1,269 | ||||||
42,533 | 69,563 | |||||||
Carpentry and Partition Services Limited | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 42,697 | 85,783 | ||||||
PAYE control | 10,921 | 13,682 | ||||||
Directors current account | 66 | 66 | ||||||
Trade creditors | 158 | 9,451 | ||||||
Accruals | 16,091 | 21,534 | ||||||
Amounts due to group companies | 174,622 | 224,222 | ||||||
244,555 | 354,738 | |||||||
6. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 7 | |||||
7. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 4,228 | 2,962 | ||||||
4,228 | 2,962 | |||||||
8. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
400 | 400 | |||||||
400 | 400 | |||||||
9. CONTROLLING PARTY | ||||||||
The company's ultimate holding company is CPS (Swindon) Limited, a company is incorporated in England and Wales. There is no overall controlling party. | ||||||||
Carpentry and Partition Services Limited | ||||||||
10. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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11. GENERAL INFORMATION | ||||||||
Carpentry and Partition Services Limited is a private company, limited by shares, domiciled in England and Wales, registration number 07468307. The registered office is Nexus Business Centre, Unit 6 Darby Close, Cheney Manor Industrial Estate, Swindon, SN2 2PN. | ||||||||
12. PARENT UNDERTAKING | ||||||||
The companies parent undertaking is CPS (Swindon) Limited, whose registered office is Nexus Business Centre, Unit 6 Darby Close, Cheney Manor Industrial Estate, Swindon, SN2 2PN. | ||||||||