Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-312022-11-01falseNo description of principal activity1822truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08246059 2022-11-01 2023-10-31 08246059 2021-11-01 2022-10-31 08246059 2023-10-31 08246059 2022-10-31 08246059 c:CompanySecretary1 2022-11-01 2023-10-31 08246059 c:Director2 2022-11-01 2023-10-31 08246059 c:Director4 2022-11-01 2023-10-31 08246059 c:Director5 2022-11-01 2023-10-31 08246059 c:Director6 2022-11-01 2023-10-31 08246059 c:RegisteredOffice 2022-11-01 2023-10-31 08246059 d:PlantMachinery 2022-11-01 2023-10-31 08246059 d:PlantMachinery 2023-10-31 08246059 d:PlantMachinery 2022-10-31 08246059 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 08246059 d:MotorVehicles 2022-11-01 2023-10-31 08246059 d:MotorVehicles 2023-10-31 08246059 d:MotorVehicles 2022-10-31 08246059 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 08246059 d:OfficeEquipment 2022-11-01 2023-10-31 08246059 d:OfficeEquipment 2023-10-31 08246059 d:OfficeEquipment 2022-10-31 08246059 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 08246059 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 08246059 d:CurrentFinancialInstruments 2023-10-31 08246059 d:CurrentFinancialInstruments 2022-10-31 08246059 d:Non-currentFinancialInstruments 2023-10-31 08246059 d:Non-currentFinancialInstruments 2022-10-31 08246059 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 08246059 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 08246059 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 08246059 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 08246059 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 08246059 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-10-31 08246059 d:ShareCapital 2023-10-31 08246059 d:ShareCapital 2022-10-31 08246059 d:RetainedEarningsAccumulatedLosses 2023-10-31 08246059 d:RetainedEarningsAccumulatedLosses 2022-10-31 08246059 c:FRS102 2022-11-01 2023-10-31 08246059 c:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 08246059 c:FullAccounts 2022-11-01 2023-10-31 08246059 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08246059 2 2022-11-01 2023-10-31 08246059 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure
Company registration number: 08246059







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 OCTOBER 2023


T & T CARPENTRY AND FACADES LIMITED






































img11ad.png                        

 


T & T CARPENTRY AND FACADES LIMITED
 


 
COMPANY INFORMATION


Directors
Jonathan Michael James Cockle 
Samantha Michelle Watkins 
Thomas Edward Watkins 
Thomas Alexander Leo Rutter 




Company secretary
Samantha Watkins



Registered number
08246059



Registered office
Orchard House
Wickham Road

Fareham

Hampshire

PO16 7JH




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


T & T CARPENTRY AND FACADES LIMITED
 



CONTENTS



Page
Accountants' Report
1
Statement of Financial Position
2 - 3
Notes to the Financial Statements
4 - 10


 


T & T CARPENTRY AND FACADES LIMITED
 

img000a.png
 
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF T & T CARPENTRY AND FACADES LIMITED
FOR THE YEAR ENDED 31 OCTOBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of T & T Carpentry and Facades Limited for the year ended 31 October 2023 which comprise  the Statement of Financial Position and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at:
www.icaew.com/en/members/regulations-standards-and-guidance/.


This report is made solely to the Board of Directors of T & T Carpentry and Facades Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of T & T Carpentry and Facades Limited and state those matters that we have agreed to state to the Board of Directors of T & T Carpentry and Facades Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than T & T Carpentry and Facades Limited and its Board of Directors, as a body, for our work or for this report.
 
 
It is your duty to ensure that T & T Carpentry and Facades Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that T & T Carpentry and Facades Limited is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of T & T Carpentry and Facades Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.




$AccRepSigner

Menzies LLP
 
Chartered Accountants
  
3000a Parkway
Whiteley
Hampshire
PO15 7FX


8 August 2024
$AccRepSignerDate

Page 1

 


T & T CARPENTRY AND FACADES LIMITED
REGISTERED NUMBER:08246059



STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
120,343
10,773

  
120,343
10,773

Current assets
  

Stocks
  
1,127,082
1,138,333

Debtors: amounts falling due within one year
 5 
1,245,556
1,231,587

Cash at bank and in hand
  
121,413
204,876

  
2,494,051
2,574,796

Creditors: amounts falling due within one year
 6 
(1,787,181)
(1,963,688)

Net current assets
  
 
 
706,870
 
 
611,108

Total assets less current liabilities
  
827,213
621,881

Creditors: amounts falling due after more than one year
 7 
(58,633)
(48,612)

  

Net assets
  
768,580
573,269


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
768,480
573,169

  
768,580
573,269


Page 2

 


T & T CARPENTRY AND FACADES LIMITED
REGISTERED NUMBER:08246059


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Thomas Alexander Leo Rutter
Director

Date: 8 August 2024

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 


T & T CARPENTRY AND FACADES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

T & T Carpentry and Facades Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

Page 4

 


T & T CARPENTRY AND FACADES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 5

 


T & T CARPENTRY AND FACADES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method and reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
straight-line
Motor vehicles
-
15%
reducing balance
Office equipment
-
20%
straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 


T & T CARPENTRY AND FACADES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 18 (2022 - 22).

Page 7

 


T & T CARPENTRY AND FACADES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 November 2022
4,188
19,826
48,379
72,393


Additions
-
115,400
10,464
125,864


Disposals
-
-
(37,690)
(37,690)



At 31 October 2023

4,188
135,226
21,153
160,567



Depreciation


At 1 November 2022
4,188
13,675
43,757
61,620


Charge for the year on owned assets
-
13,210
3,084
16,294


Disposals
-
-
(37,690)
(37,690)



At 31 October 2023

4,188
26,885
9,151
40,224



Net book value



At 31 October 2023
-
108,341
12,002
120,343



At 31 October 2022
-
6,151
4,622
10,773


5.


Debtors

2023
2022
£
£


Trade debtors
358,066
629,192

Other debtors
833,733
556,067

Prepayments and accrued income
53,757
46,328

1,245,556
1,231,587


Page 8

 


T & T CARPENTRY AND FACADES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
55,556
83,333

Trade creditors
554,812
458,963

Corporation tax
89,971
-

Other taxation and social security
406,054
521,747

Obligations under finance lease and hire purchase contracts
25,368
-

Other creditors
472,980
741,744

Accruals and deferred income
182,440
157,901

1,787,181
1,963,688



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
-
48,612

Net obligations under finance leases and hire purchase contracts
58,633
-

58,633
48,612



8.


Loans


2023
2022
£
£

Amounts falling due within one year

Bank loans
55,556
83,333


55,556
83,333


Amounts falling due 2-5 years

Bank loans
-
48,612


-
48,612


55,556
131,945


Page 9

 


T & T CARPENTRY AND FACADES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

9.


Related party transactions

Included within the debtors due within one year are amounts owed to the company from the directors amounting to £187,097 (2023 - credit balance £318,014)

 
Page 10