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Registered number: 6104345
Universal Carpentry & Building Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Graver & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 6104345
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 225,485 77,853
225,485 77,853
CURRENT ASSETS
Stocks 5 85,500 98,312
Debtors 6 8,010 18,341
Cash at bank and in hand 3,588 20,263
97,098 136,916
Creditors: Amounts Falling Due Within One Year 7 (84,227 ) (12,648 )
NET CURRENT ASSETS (LIABILITIES) 12,871 124,268
TOTAL ASSETS LESS CURRENT LIABILITIES 238,356 202,121
Creditors: Amounts Falling Due After More Than One Year 8 (208,996 ) (130,332 )
NET ASSETS 29,360 71,789
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account 29,350 71,779
SHAREHOLDERS' FUNDS 29,360 71,789
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Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Simon Whitpen
Director
2nd August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Universal Carpentry & Building Limited Registered number 6104345 is a limited by shares company incorporated in England & Wales. The Registered Office is 2 Station Road, Brundall, Norwich, NR13 5LA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. All income is derived from activities within the UK.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 0%
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 3 3
3 3
Page 3
Page 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 20,946 132,510 40,896 20,909 215,261
Additions 221 167,230 44,328 3,959 215,738
As at 31 March 2024 21,167 299,740 85,224 24,868 430,999
Depreciation
As at 1 April 2023 - 85,143 36,624 15,641 137,408
Provided during the period - 53,649 12,150 2,307 68,106
As at 31 March 2024 - 138,792 48,774 17,948 205,514
Net Book Value
As at 31 March 2024 21,167 160,948 36,450 6,920 225,485
As at 1 April 2023 20,946 47,367 4,272 5,268 77,853
5. Stocks
2024 2023
£ £
Materials 63,000 63,223
Work in progress 22,500 35,089
85,500 98,312
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,602 16,260
Prepayments and accrued income 2,408 2,081
8,010 18,341
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,496 4,846
Bank loans and overdrafts 56,537 -
Corporation tax - (415 )
VAT 21,194 8,217
84,227 12,648
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 117,657 38,540
Directors loan account 91,339 91,792
208,996 130,332
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
10 Ordinary Shares of £ 1 each 10 10
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Simon Whitpen - 37,500
11. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid - 37,500
12. Ultimate Controlling Party
The company's ultimate controlling party is Mr Simon Whitpen by virtue of his ownership of 100% of the issued share capital in the company.
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