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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
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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
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NORRIS CARPENTRY AND BUILDING SERVICES LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
110,239 
136,995 
Current assets
Inventories
70,567 
99,214 
Debtors
72,167 
82,066 
Cash at bank and in hand
107,393 
153,866 
250,127 
335,146 
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)
Net assets
15,366 
183,123 
Capital and reserves
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
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NORRIS CARPENTRY AND BUILDING SERVICES LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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 taxation
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.
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NORRIS CARPENTRY AND BUILDING SERVICES LIMITED Notes to the Accounts for the year ended 31 March 2024
Leased assets
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.
Pension costs
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.
Financial instruments
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.
4
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 
Depreciation
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 
Net book value
At 31 March 2024
17,052 
92,093 
1,094 
110,239 
At 31 March 2023
22,737 
112,798 
1,460 
136,995 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
37,499 
53,459 
Deferred tax asset
20,946 
28,607 
Other debtors
13,722 
- 
72,167 
82,066 
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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 
£ 
£ 
VAT
46,299 
16,805 
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 
286,352 
191,180 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
58,648 
97,838 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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