Company Registration No. 12339641 (England and Wales)
NORRIS CARPENTRY AND BUILDING SERVICES LIMITED
Unaudited accounts
for the year ended 31 March 2024
NORRIS CARPENTRY AND BUILDING SERVICES LIMITED
Unaudited accounts
Contents
NORRIS CARPENTRY AND BUILDING SERVICES LIMITED
Company Information
for the year ended 31 March 2024
Directors
John Shane Norris
Mark Norris
Paul Norris
Company Number
12339641 (England and Wales)
Registered Office
POST OFFICE VAULTS
MARKET PLACE
WANTAGE
OXFORDSHIRE
OX12 8AT
UNITED KINGDOM
Accountants
J JENKIN & ASSOCIATES LIMITED
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OXFORDSHIRE
OX12 8AT
NORRIS CARPENTRY AND BUILDING SERVICES LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
110,239
136,995
Cash at bank and in hand
107,393
153,866
Creditors: amounts falling due within one year
(286,352)
(191,180)
Net current (liabilities)/assets
(36,225)
143,966
Total assets less current liabilities
74,014
280,961
Creditors: amounts falling due after more than one year
(58,648)
(97,838)
Called up share capital
100
100
Profit and loss account
15,266
183,023
Shareholders' funds
15,366
183,123
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 June 2024 and were signed on its behalf by
Mark Norris
Director
Company Registration No. 12339641
NORRIS CARPENTRY AND BUILDING SERVICES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
NORRIS CARPENTRY AND BUILDING SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12339641. The registered office is POST OFFICE VAULTS, MARKET PLACE, WANTAGE, OXFORDSHIRE, OX12 8AT, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures & fittings
25% Reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
NORRIS CARPENTRY AND BUILDING SERVICES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
30,290
138,888
2,123
171,301
At 31 March 2024
30,290
138,888
2,123
171,301
At 1 April 2023
7,553
26,090
663
34,306
Charge for the year
5,685
20,705
366
26,756
At 31 March 2024
13,238
46,795
1,029
61,062
At 31 March 2024
17,052
92,093
1,094
110,239
At 31 March 2023
22,737
112,798
1,460
136,995
Amounts falling due within one year
Trade debtors
37,499
53,459
Deferred tax asset
20,946
28,607
NORRIS CARPENTRY AND BUILDING SERVICES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
38,736
28,554
Trade creditors
20,657
64,329
Taxes and social security
48,512
49,185
Proposed dividends
-
6,000
Loans from directors
132,148
26,307
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
58,648
97,838
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Average number of employees
During the year the average number of employees was 3 (2023: 3).