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REGISTERED NUMBER: 04952606 (England and Wales)














Unaudited Financial Statements

For The Year Ended 31st December 2023

for

Traditional Carpentry Services Ltd

Traditional Carpentry Services Ltd (Registered number: 04952606)






Contents of the Financial Statements
For The Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Traditional Carpentry Services Ltd

Company Information
For The Year Ended 31st December 2023







DIRECTOR: M B Carruthers





SECRETARY: Mrs L R Carruthers





REGISTERED OFFICE: Fuimus
Rock Gardens
St Whites Road
Cinderford
Gloucestershire
GL14 3ER





REGISTERED NUMBER: 04952606 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

Traditional Carpentry Services Ltd (Registered number: 04952606)

Balance Sheet
31st December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 12,578 15,649

CURRENT ASSETS
Stocks 2,025 2,590
Debtors 6 26,227 24,588
Cash at bank and in hand 31,635 48,596
59,887 75,774
CREDITORS
Amounts falling due within one year 7 59,828 65,893
NET CURRENT ASSETS 59 9,881
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,637

25,530

CREDITORS
Amounts falling due after more than one
year

8

(7,373

)

(10,424

)

PROVISIONS FOR LIABILITIES (2,390 ) (2,973 )
NET ASSETS 2,874 12,133

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,774 12,033
SHAREHOLDERS' FUNDS 2,874 12,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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.

Traditional Carpentry Services Ltd (Registered number: 04952606)

Balance Sheet - continued
31st December 2023


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 and authorised for issue by the director and authorised for issue on 5th September 2024 and were signed by:





M B Carruthers - Director


Traditional Carpentry Services Ltd (Registered number: 04952606)

Notes to the Financial Statements
For The Year Ended 31st December 2023

1. STATUTORY INFORMATION

Traditional Carpentry Services Ltd 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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, excluding discounts, rebates, value added tax and other sales taxes.

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 - 33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs
The company operates a National Employment Savings Trust Scheme (NEST) in respect of pension contributions for the Employees of the company.

Traditional Carpentry Services Ltd (Registered number: 04952606)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023 37,242
Additions 853
Disposals (407 )
At 31st December 2023 37,688
DEPRECIATION
At 1st January 2023 21,593
Charge for year 3,875
Eliminated on disposal (358 )
At 31st December 2023 25,110
NET BOOK VALUE
At 31st December 2023 12,578
At 31st December 2022 15,649

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 23,527 21,817
Other debtors 2,700 2,771
26,227 24,588

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 2,101 3,189
Taxation and social security 8,159 14,075
Other creditors 49,568 48,629
59,828 65,893

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 7,373 10,424

Traditional Carpentry Services Ltd (Registered number: 04952606)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.23 31.12.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bounce Back Loan 7,373 10,424

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Traditional Carpentry Services Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Traditional Carpentry Services Ltd for the year ended 31st December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Traditional Carpentry Services Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Traditional Carpentry Services Ltd and state those matters that we have agreed to state to the director of Traditional Carpentry Services Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Traditional Carpentry Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Traditional Carpentry Services Ltd. You consider that Traditional Carpentry Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Traditional Carpentry Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


5th September 2024