Registered number
07434474
Benjamin T Sands Carpenters and Builders Ltd
Filleted Accounts
30 November 2023
Benjamin T Sands Carpenters and Builders Ltd
Registered number: 07434474
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 922 1,474
Current assets
Stocks 10,775 10,350
Debtors 5 50,532 51,691
Cash at bank and in hand 16,036 11,204
77,343 73,245
Creditors: amounts falling due within one year 6 (54,730) (48,771)
Net current assets 22,613 24,474
Total assets less current liabilities 23,535 25,948
Creditors: amounts falling due after more than one year 7 (17,981) (25,196)
Provisions for liabilities (117) (210)
Net assets 5,437 542
Capital and reserves
Called up share capital 100 100
Profit and loss account 5,337 442
Shareholder's funds 5,437 542
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr B Sands
Director
Approved by the board on 22 July 2024
Benjamin T Sands Carpenters and Builders Ltd
Notes to the Accounts
for the year ended 30 November 2023
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company, including the director 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2022 9,500
At 30 November 2023 9,500
Amortisation
At 1 December 2022 9,500
At 30 November 2023 9,500
Net book value
At 30 November 2023 -
Goodwill has been written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 6,743
At 30 November 2023 6,743
Depreciation
At 1 December 2022 5,269
Charge for the year 552
At 30 November 2023 5,821
Net book value
At 30 November 2023 922
At 30 November 2022 1,474
5 Debtors 2023 2022
£ £
Trade debtors 24,500 24,000
Other debtors 26,032 27,691
50,532 51,691
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 6,667 6,667
Trade creditors 7,378 8,260
Taxation and social security costs 39,388 32,085
Other creditors 1,297 1,759
54,730 48,771
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 17,981 25,196
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr B Sands
Directors loan 23,318 8,341 (10,000) 21,659
23,318 8,341 (10,000) 21,659
9 Other information
Benjamin T Sands Carpenters and Builders Ltd is a private company limited by shares and incorporated in England. Its registered office is:
8 Blue Barns Business Park
Old Ipswich Road, Ardleigh
Colchester
Essex
CO7 7FX
Benjamin T Sands Carpenters and Builders Ltd 07434474 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts April 2024 Mr B Sands No description of principal activity 07434474 2021-12-01 2022-11-30 07434474 core:WithinOneYear 2022-11-30 07434474 core:AfterOneYear 2022-11-30 07434474 core:ShareCapital 2022-11-30 07434474 core:RetainedEarningsAccumulatedLosses 2022-11-30 07434474 2022-12-01 2023-11-30 07434474 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07434474 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 07434474 bus:Director40 2022-12-01 2023-11-30 07434474 1 2022-12-01 2023-11-30 07434474 2 2022-12-01 2023-11-30 07434474 core:PlantMachinery 2022-12-01 2023-11-30 07434474 bus:Director1 2022-12-01 2023-11-30 07434474 bus:Director1 1 2022-12-01 2023-11-30 07434474 countries:England 2022-12-01 2023-11-30 07434474 bus:FRS102 2022-12-01 2023-11-30 07434474 bus:FilletedAccounts 2022-12-01 2023-11-30 07434474 2023-11-30 07434474 core:WithinOneYear 2023-11-30 07434474 core:AfterOneYear 2023-11-30 07434474 core:ShareCapital 2023-11-30 07434474 core:RetainedEarningsAccumulatedLosses 2023-11-30 07434474 core:Goodwill 2023-11-30 07434474 core:PlantMachinery 2023-11-30 07434474 bus:Director1 1 2023-11-30 07434474 2022-11-30 07434474 core:Goodwill 2022-11-30 07434474 core:PlantMachinery 2022-11-30 07434474 bus:Director1 1 2022-11-30 iso4217:GBP xbrli:pure