Registered number
07659096
Heron Carpentry Ltd
Filleted Accounts
31 May 2024
Heron Carpentry Ltd
Registered number: 07659096
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 11,622 13,439
Current assets
Stocks 5,470 11,454
Debtors 4 - 360
Cash at bank and in hand 33,373 56,020
38,843 67,834
Creditors: amounts falling due within one year 5 (29,178) (24,848)
9,665 42,986
Total assets less current liabilities 21,287 56,425
Creditors: amounts falling due after more than one year 6 (12,509) (49,711)
Net Current Assets 8,778 6,714
Capital and reserves
Called up share capital 100 100
Profit and loss account 8,678 6,614
Shareholders' funds 8,778 6,714
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.
Rena Heron
Director
Approved by the board on 26 July 2024
Heron Carpentry Ltd
Notes to the Accounts
for the year ended 31 May 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% Reducing balance basis
Motor Vehicles 15% Reducing balance basis
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.
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2023 10,579 17,270 27,849
Additions 525 - 525
At 31 May 2024 11,104 17,270 28,374
Depreciation
At 1 June 2023 6,154 8,256 14,410
Charge for the year 990 1,352 2,342
At 31 May 2024 7,144 9,608 16,752
Net book value
At 31 May 2024 3,960 7,662 11,622
At 31 May 2023 4,425 9,014 13,439
4 Debtors 2024 2023
£ £
Other debtors - 360
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 26,774 15,072
Other creditors 2,404 9,776
29,178 24,848
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 12,509 49,711
7 Other information
Heron Carpentry Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Airport House
Purley Way
Croydon
CR0 0XZ
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