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REGISTERED NUMBER: 04868706 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Nad Carpentry Limited

Nad Carpentry Limited (Registered number: 04868706)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nad Carpentry Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mr N A Dines
Mrs S L Dines





SECRETARY: Mrs S L Dines





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





BUSINESS ADDRESS: 2a Black Bank Road
Little Downham
ELY
CB6 2TZ





REGISTERED NUMBER: 04868706 (England and Wales)

Nad Carpentry Limited (Registered number: 04868706)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 102,757 117,821

CURRENT ASSETS
Stocks 9,862 8,413
Debtors 6 516,022 573,307
Cash at bank 33,329 84,274
559,213 665,994
CREDITORS
Amounts falling due within one year 7 122,779 114,234
NET CURRENT ASSETS 436,434 551,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

539,191

669,581

CREDITORS
Amounts falling due after more than one
year

8

(94,383

)

(140,748

)

PROVISIONS FOR LIABILITIES (25,629 ) (29,455 )
NET ASSETS 419,179 499,378

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 419,079 499,278
419,179 499,378

Nad Carpentry Limited (Registered number: 04868706)

Balance Sheet - continued
31 August 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 18 April 2024 and were signed on its behalf by:




Mr N A Dines - Director



Mrs S L Dines - Director


Nad Carpentry Limited (Registered number: 04868706)

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


1. STATUTORY INFORMATION

Nad Carpentry Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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.


Nad Carpentry Limited (Registered number: 04868706)

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


3. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 217,619
Additions 23,238
Disposals (7,406 )
At 31 August 2023 233,451
DEPRECIATION
At 1 September 2022 99,798
Charge for year 34,256
Eliminated on disposal (3,360 )
At 31 August 2023 130,694
NET BOOK VALUE
At 31 August 2023 102,757
At 31 August 2022 117,821

Nad Carpentry Limited (Registered number: 04868706)

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


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 97,201
DEPRECIATION
At 1 September 2022 24,300
Charge for year 18,225
At 31 August 2023 42,525
NET BOOK VALUE
At 31 August 2023 54,676
At 31 August 2022 72,901

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 48,447 80,031
Other debtors 467,575 493,276
516,022 573,307

Included within other debtors disclosed above is a balance of £4,518 (2022 - £12,389) in relation to VAT, a balance of £4,694 (2022 - £13,298) in relation to prepayments, a balance of £86,715 (2022 - £31,198) in relation to accrued income, a balance of £207,528 (2022 - £297,948) in relation to intercompany loans, a balance of £288 (2022 -£Nil) in relation to Net wages and a balance of £163,832 (2022 - £138,443) in relation to retentions.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 24,773 22,055
Hire purchase contracts 21,592 19,951
Trade creditors 8,851 23,371
Taxation and social security 65,617 46,618
Other creditors 1,946 2,239
122,779 114,234

Nad Carpentry Limited (Registered number: 04868706)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 44,785 69,558
Hire purchase contracts 49,598 71,190
94,383 140,748