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REGISTERED NUMBER: 07101050 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Advanced Carpentry (Leicester) Limited

Advanced Carpentry (Leicester) Limited (Registered number: 07101050)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Advanced Carpentry (Leicester) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: G R Louch





REGISTERED OFFICE: 18 Cosby Road
Countesthorpe
Leicester
Leicestershire
LE8 5PD





REGISTERED NUMBER: 07101050 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Advanced Carpentry (Leicester) Limited (Registered number: 07101050)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 97,414 112,605

CURRENT ASSETS
Stocks 516,249 -
Debtors 5 334,977 163,015
Cash at bank 1,856 425,676
853,082 588,691
CREDITORS
Amounts falling due within one year 6 (435,134 ) (275,224 )
NET CURRENT ASSETS 417,948 313,467
TOTAL ASSETS LESS CURRENT
LIABILITIES

515,362

426,072

CREDITORS
Amounts falling due after more than one
year

7

(15,000

)

(25,000

)

PROVISIONS FOR LIABILITIES (11,560 ) (14,364 )
NET ASSETS 488,802 386,708

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 488,798 386,704
488,802 386,708

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

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

The director acknowledges his 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.

Advanced Carpentry (Leicester) Limited (Registered number: 07101050)

Balance Sheet - continued
31 December 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 June 2024 and were signed by:





G R Louch - Director


Advanced Carpentry (Leicester) Limited (Registered number: 07101050)

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

1. STATUTORY INFORMATION

Advanced Carpentry (Leicester) 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.

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.

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.
Freehold property - 2% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Advanced Carpentry (Leicester) Limited (Registered number: 07101050)

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

2. ACCOUNTING POLICIES - continued

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 life or the lease term, whichever is 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Freehold Motor Computer
property vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 55,373 136,606 - 191,979
Additions - - 2,056 2,056
At 31 December 2023 55,373 136,606 2,056 194,035
DEPRECIATION
At 1 January 2023 2,879 76,495 - 79,374
Charge for year 1,107 15,629 511 17,247
At 31 December 2023 3,986 92,124 511 96,621
NET BOOK VALUE
At 31 December 2023 51,387 44,482 1,545 97,414
At 31 December 2022 52,494 60,111 - 112,605

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 316,743 138,196
Other debtors 18,234 24,819
334,977 163,015

Other debtors includes prepayments and accrued income of £3,150 (2022 - £1,867).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 5,824
Trade creditors 75,145 45,667
Taxation and social security 79,985 56,167
Other creditors 270,004 157,566
435,134 275,224

Advanced Carpentry (Leicester) Limited (Registered number: 07101050)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Other creditors includes accruals and deferred income of £3,835 (2022 - £3,650).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 15,000 25,000

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts - 5,824

The hire purchase liability was secured on the assets acquired.