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REGISTERED NUMBER: 06497215 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Eaton Carpentry Limited

Eaton Carpentry Limited (Registered number: 06497215)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eaton Carpentry Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: R C Eaton





REGISTERED OFFICE: 128 High Street
Crediton
Devon
EX17 3LQ





REGISTERED NUMBER: 06497215 (England and Wales)





ACCOUNTANTS: Bedford & Co Ltd
128 High Street
Crediton
Devon
EX17 3LQ

Eaton Carpentry Limited (Registered number: 06497215)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 579,943 4,232
579,943 4,232

CURRENT ASSETS
Stocks - 391,868
Debtors 6 324,718 394,832
Cash at bank 84 13,235
324,802 799,935
CREDITORS
Amounts falling due within one year 7 266,773 190,678
NET CURRENT ASSETS 58,029 609,257
TOTAL ASSETS LESS CURRENT
LIABILITIES

637,972

613,489

CREDITORS
Amounts falling due after more than one
year

8

(175,203

)

(184,761

)

PROVISIONS FOR LIABILITIES (2,888 ) (804 )
NET ASSETS 459,881 427,924

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 459,781 427,824
SHAREHOLDERS' FUNDS 459,881 427,924

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Eaton Carpentry Limited (Registered number: 06497215)

Balance Sheet - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 August 2024 and were signed by:





R C Eaton - Director


Eaton Carpentry Limited (Registered number: 06497215)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Eaton Carpentry Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company's place of business is 77 Fore Street, Topsham, Devon, EX3 0HQ.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable from the sale of services, excluding discounts, rebates, value added tax and other sales taxes.
Revenue is recognised when services are delivered to customers such that risks and rewards of ownership have been transferred to them and that there is sufficient reliable evidence that delivery of goods has occurred.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, has been fully amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Cost is calculated on a first in first out basis.
In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Eaton Carpentry Limited (Registered number: 06497215)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 35,000
AMORTISATION
At 1 April 2023
and 31 March 2024 35,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Eaton Carpentry Limited (Registered number: 06497215)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 - 30,542 30,542
Additions 568,390 11,284 579,674
Disposals - (1,000 ) (1,000 )
At 31 March 2024 568,390 40,826 609,216
DEPRECIATION
At 1 April 2023 - 26,310 26,310
Charge for year - 3,830 3,830
Eliminated on disposal - (867 ) (867 )
At 31 March 2024 - 29,273 29,273
NET BOOK VALUE
At 31 March 2024 568,390 11,553 579,943
At 31 March 2023 - 4,232 4,232

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 303,978 372,930
Other debtors 20,740 21,902
324,718 394,832

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 61,510 20,700
Trade creditors 96,140 77,898
Taxation and social security 90,515 77,200
Other creditors 18,608 14,880
266,773 190,678

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 175,203 184,761

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 114,803 118,113

Eaton Carpentry Limited (Registered number: 06497215)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 162,557 173,113