Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 02593832 Mr Robert Watkins Mr James Westley Mr Douglas Patterson Mr David Watkins Mrs Frances Watkins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02593832 2023-04-30 02593832 2024-04-30 02593832 2023-05-01 2024-04-30 02593832 frs-core:CurrentFinancialInstruments 2024-04-30 02593832 frs-core:ComputerEquipment 2024-04-30 02593832 frs-core:ComputerEquipment 2023-05-01 2024-04-30 02593832 frs-core:ComputerEquipment 2023-04-30 02593832 frs-core:FurnitureFittings 2024-04-30 02593832 frs-core:FurnitureFittings 2023-05-01 2024-04-30 02593832 frs-core:FurnitureFittings 2023-04-30 02593832 frs-core:MotorVehicles 2024-04-30 02593832 frs-core:MotorVehicles 2023-05-01 2024-04-30 02593832 frs-core:MotorVehicles 2023-04-30 02593832 frs-core:PlantMachinery 2024-04-30 02593832 frs-core:PlantMachinery 2023-05-01 2024-04-30 02593832 frs-core:PlantMachinery 2023-04-30 02593832 frs-core:ShareCapital 2024-04-30 02593832 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 02593832 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02593832 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 02593832 frs-bus:SmallEntities 2023-05-01 2024-04-30 02593832 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 02593832 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 02593832 frs-bus:Director1 2023-05-01 2024-04-30 02593832 frs-bus:Director2 2023-05-01 2024-04-30 02593832 frs-bus:Director3 2023-05-01 2024-04-30 02593832 frs-bus:Director4 2023-05-01 2024-04-30 02593832 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 02593832 frs-core:CurrentFinancialInstruments 1 2024-04-30 02593832 frs-countries:EnglandWales 2023-05-01 2024-04-30 02593832 2022-04-30 02593832 2023-04-30 02593832 2022-05-01 2023-04-30 02593832 frs-core:CurrentFinancialInstruments 2023-04-30 02593832 frs-core:ShareCapital 2023-04-30 02593832 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 02593832 frs-core:CurrentFinancialInstruments 1 2023-04-30
Registered number: 02593832
R.W. Carpenters Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
E. H. Taylors
203 London Road
Hadleigh
Benfleet
Essex
SS7 2RD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02593832
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 25,690 30,491
25,690 30,491
CURRENT ASSETS
Stocks 5 40,000 40,000
Debtors 6 118,757 29,208
Cash at bank and in hand 81,209 133,633
239,966 202,841
Creditors: Amounts Falling Due Within One Year 7 (134,799 ) (100,426 )
NET CURRENT ASSETS (LIABILITIES) 105,167 102,415
TOTAL ASSETS LESS CURRENT LIABILITIES 130,857 132,906
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,422 ) (5,793 )
NET ASSETS 124,435 127,113
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 124,335 127,013
SHAREHOLDERS' FUNDS 124,435 127,113
Page 1
Page 2
For the year ending 30 April 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Robert Watkins
Director
26th July 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
R.W. Carpenters Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02593832 . The registered office is 203 London Road, Hadleigh, Benfleet, Essex, SS7 2RD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment straight line over 5 years
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of changes in equity because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
Manufacturing 13 14
14 15
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 51,840 118,090 12,228 2,143 184,301
Additions 3,319 - - - 3,319
As at 30 April 2024 55,159 118,090 12,228 2,143 187,620
Depreciation
As at 1 May 2023 48,720 93,684 10,719 687 153,810
Provided during the period 1,288 6,101 302 429 8,120
As at 30 April 2024 50,008 99,785 11,021 1,116 161,930
Net Book Value
As at 30 April 2024 5,151 18,305 1,207 1,027 25,690
As at 1 May 2023 3,120 24,406 1,509 1,456 30,491
5. Stocks
2024 2023
£ £
Work in progress 40,000 40,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 110,329 29,208
Prepayments and accrued income 663 -
VAT 7,765 -
118,757 29,208
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,308 21,591
Corporation tax 104,066 61,518
Other taxes and social security 7,846 6,685
VAT - 5,194
Other creditors 5,154 -
Other short term creditors 438 422
Accruals and deferred income 4,283 4,080
Directors' loan accounts 4,704 936
134,799 100,426
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5