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REGISTERED NUMBER: 03353602 (England and Wales)
















I.G. Carpentry and Joinery
Specialists Limited

Unaudited Financial Statements

for the Year Ended

31 March 2024






I.G. Carpentry and Joinery
Specialists Limited (Registered number: 03353602)






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


I.G. Carpentry and Joinery
Specialists Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: I W F Gilbert





SECRETARY: Miss G L Gilbert





REGISTERED OFFICE: 2 Goddards Lane
Chipping Norton
Oxfordshire
OX7 5NP





REGISTERED NUMBER: 03353602 (England and Wales)





ACCOUNTANTS: Moffat Gilbert
5 Clarendon Place
Leamington Spa
Warwickshire
CV32 5QL

I.G. Carpentry and Joinery
Specialists Limited (Registered number: 03353602)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,740 5,512

CURRENT ASSETS
Stocks 375 100
Debtors 5 9,200 2,632
Cash at bank 15,262 15,996
24,837 18,728
CREDITORS
Amounts falling due within one year 6 14,486 14,527
NET CURRENT ASSETS 10,351 4,201
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,091

9,713

PROVISIONS FOR LIABILITIES 1,185 1,378
NET ASSETS 13,906 8,335

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 13,806 8,235
SHAREHOLDERS' FUNDS 13,906 8,335

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.

I.G. Carpentry and Joinery
Specialists Limited (Registered number: 03353602)

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 September 2024 and were signed by:





I W F Gilbert - Director


I.G. Carpentry and Joinery
Specialists Limited (Registered number: 03353602)

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

1. STATUTORY INFORMATION

I.G. Carpentry and Joinery Specialists 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.

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, 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 - 25% on reducing balance
Motor vehicles - at variable rates on reducing balance
Computer equipment - at variable rates 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 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.

I.G. Carpentry and Joinery
Specialists Limited (Registered number: 03353602)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 14,039 11,000 6,998 32,037
Additions 1,011 - 121 1,132
At 31 March 2024 15,050 11,000 7,119 33,169
DEPRECIATION
At 1 April 2023 12,651 7,699 6,175 26,525
Charge for year 599 990 315 1,904
At 31 March 2024 13,250 8,689 6,490 28,429
NET BOOK VALUE
At 31 March 2024 1,800 2,311 629 4,740
At 31 March 2023 1,388 3,301 823 5,512

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 8,627 1,900
Prepayments 573 732
9,200 2,632

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 966 954
Tax 1,677 1,666
VAT 90 132
Directors' current accounts 11,653 11,675
Accrued expenses 100 100
14,486 14,527

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

I.G. Carpentry and Joinery
Specialists Limited (Registered number: 03353602)

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

8. RESERVES
Retained
earnings
£   

At 1 April 2023 8,235
Profit for the year 6,571
Dividends (1,000 )
At 31 March 2024 13,806

9. RELATED PARTY DISCLOSURES

The Director, I W F Gilbert received dividends from the company during the year of £1,000 (2023 £6,000). The Director also supplied finance to the company for it to operate and at the end of the year, the sum owed to him was £11,653 (2023 £11,675).

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is Mr I W F Gilbert.