Company Registration No. 09853140 (England and Wales)
SXW Carpentry Ltd
Unaudited accounts
for the year ended 31 March 2024
SXW Carpentry Ltd
Unaudited accounts
Contents
SXW Carpentry Ltd
Company Information
for the year ended 31 March 2024
Directors
Steven James Bush
Anna Louise Bush
Company Number
09853140 (England and Wales)
Registered Office
46 New Park Street
DEVIZES
Wiltshire
SN10 1DS
ENGLAND
SXW Carpentry Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
60,680
30,061
Cash at bank and in hand
256,107
96,684
Creditors: amounts falling due within one year
(106,929)
(63,443)
Net current assets
327,802
247,985
Total assets less current liabilities
388,482
278,046
Creditors: amounts falling due after more than one year
(1,111)
(5,554)
Provisions for liabilities
Deferred tax
(15,170)
(5,712)
Net assets
372,201
266,780
Called up share capital
5
5
Capital redemption reserve
(49,995)
(49,995)
Profit and loss account
422,191
316,770
Shareholders' funds
372,201
266,780
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 4 September 2024 and were signed on its behalf by
Steven James Bush
Director
Company Registration No. 09853140
SXW Carpentry Ltd
Notes to the Accounts
for the year ended 31 March 2024
SXW Carpentry Ltd is a private company, limited by shares, registered in England and Wales, registration number 09853140. The registered office is 46 New Park Street, DEVIZES, Wiltshire, SN10 1DS, ENGLAND.
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.
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:
Computer equipment
25% RBM
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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.
SXW Carpentry Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
1,507
56,458
2,233
60,198
Additions
-
47,990
2,604
50,594
At 31 March 2024
1,507
104,448
4,495
110,450
At 1 April 2023
801
28,229
1,107
30,137
Charge for the year
176
19,055
714
19,945
On disposals
-
-
(312)
(312)
At 31 March 2024
977
47,284
1,509
49,770
At 31 March 2024
530
57,164
2,986
60,680
At 31 March 2023
706
28,229
1,126
30,061
Finished goods
1,000
1,000
Amounts falling due within one year
Trade debtors
107,747
103,477
Accrued income and prepayments
6,253
193
Other debtors
56,242
110,074
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
4,444
4,444
Trade creditors
19,866
8,341
Taxes and social security
74,048
37,796
Other creditors
6,667
5,317
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
1,111
5,554
SXW Carpentry Ltd
Notes to the Accounts
for the year ended 31 March 2024
9
Deferred taxation
2024
2023
Accelerated capital allowances
15,170
5,712
Provision at start of year
5,712
7,407
Charged/(credited) to the profit and loss account
9,458
(1,695)
Provision at end of year
15,170
5,712
Allotted, called up and fully paid:
5 Ordinary shares of £1 each
5
5
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's loan account
(48,074)
10,559
(48,074)
10,559
(48,074)
10,559
(48,074)
10,559
12
Average number of employees
During the year the average number of employees was 3 (2023: 2).