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REGISTERED NUMBER: 04827664 (England and Wales)















Financial Statements

for the Year Ended 31 July 2023

for

I.G. CARPENTRY LTD

I.G. CARPENTRY LTD (REGISTERED NUMBER: 04827664)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

I.G. CARPENTRY LTD

Company Information
for the Year Ended 31 July 2023







DIRECTORS: G.A Lewis
I Rundle





SECRETARY: G.A Lewis





REGISTERED OFFICE: 32 Duffryn Crescent
Rhydyfelin
Pontypridd
Rhondda Cynon Taff
CF37 5RU





REGISTERED NUMBER: 04827664 (England and Wales)





ACCOUNTANTS: James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY

I.G. CARPENTRY LTD (REGISTERED NUMBER: 04827664)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 64,012 62,852
Investment property 5 184,950 184,950
248,962 247,802

CURRENT ASSETS
Debtors 6 233,083 437,499
Cash at bank and in hand 17,778 107,314
250,861 544,813
CREDITORS
Amounts falling due within one year 7 131,990 311,385
NET CURRENT ASSETS 118,871 233,428
TOTAL ASSETS LESS CURRENT
LIABILITIES

367,833

481,230

CREDITORS
Amounts falling due after more than one
year

8

31,046

-
NET ASSETS 336,787 481,230

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 336,785 481,228
SHAREHOLDERS' FUNDS 336,787 481,230

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2024 and were signed on its behalf by:



I Rundle - Director


I.G. CARPENTRY LTD (REGISTERED NUMBER: 04827664)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

I.G. Carpentry Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

I.G. CARPENTRY LTD (REGISTERED NUMBER: 04827664)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 August 2022 61,206 1,364 5,505 68,075
Additions - - 2,000 2,000
Disposals - - (2,589 ) (2,589 )
At 31 July 2023 61,206 1,364 4,916 67,486
DEPRECIATION
At 1 August 2022 - 341 4,882 5,223
Charge for year - 256 511 767
Eliminated on disposal - - (2,516 ) (2,516 )
At 31 July 2023 - 597 2,877 3,474
NET BOOK VALUE
At 31 July 2023 61,206 767 2,039 64,012
At 31 July 2022 61,206 1,023 623 62,852

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 184,950
NET BOOK VALUE
At 31 July 2023 184,950
At 31 July 2022 184,950

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2020 176,284
Valuation in 2019 8,666
184,950

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 146,729 307,073
Other debtors 86,354 130,426
233,083 437,499

I.G. CARPENTRY LTD (REGISTERED NUMBER: 04827664)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 11,716 54,176
Trade creditors 10,514 114,667
Taxation and social security 88,977 122,050
Other creditors 20,783 20,492
131,990 311,385

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 31,046 -

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
I Rundle
Balance outstanding at start of year (16,056 ) -
Amounts repaid (1,639 ) (16,056 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (17,695 ) (16,056 )

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £142,052 were paid to the directors .

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
I.G. Carpentry Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of I.G. Carpentry Ltd for the year ended 31 July 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of I.G. Carpentry Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of I.G. Carpentry Ltd and state those matters that we have agreed to state to the Board of Directors of I.G. Carpentry Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than I.G. Carpentry Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that I.G. Carpentry Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of I.G. Carpentry Ltd. You consider that I.G. Carpentry Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of I.G. Carpentry Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY


11 April 2024