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REGISTERED NUMBER: 05367848 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

AA & IC Carpentry Limited

AA & IC Carpentry Limited (Registered number: 05367848)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AA & IC Carpentry Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: I L Neal
Mrs C Neal





SECRETARY: Mrs C Neal





REGISTERED OFFICE: Field Cottage
Main Road
Christian Malford
Chippenham
Wiltshire
SN15 4DA





REGISTERED NUMBER: 05367848 (England and Wales)

AA & IC Carpentry Limited (Registered number: 05367848)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 84,827 58,554

CURRENT ASSETS
Debtors 5 90,074 132,481
Cash at bank and in hand 127,229 167,363
217,303 299,844
CREDITORS
Amounts falling due within one year 6 108,398 27,125
NET CURRENT ASSETS 108,905 272,719
TOTAL ASSETS LESS CURRENT
LIABILITIES

193,732

331,273

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 193,632 331,173
SHAREHOLDERS' FUNDS 193,732 331,273

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 directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by:




I L Neal - Director



Mrs C Neal - Director


AA & IC Carpentry Limited (Registered number: 05367848)

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

1. STATUTORY INFORMATION

AA & IC 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.

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.

The financial statement are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

Turnover
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

Work done
Turnover is usually recognised on completion of the service. For engagements that span the year end turnover is recognised by reference to the stage of completion at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% on straight line basis
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

AA & IC Carpentry Limited (Registered number: 05367848)

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

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks and other short-term highly liquid investments with original maturities of three months or less.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 19,661 5,812 143,353 168,826
Additions - 3,901 75,216 79,117
Disposals - - (77,383 ) (77,383 )
At 31 March 2024 19,661 9,713 141,186 170,560
DEPRECIATION
At 1 April 2023 12,045 4,018 94,209 110,272
Charge for year 1,966 1,424 24,969 28,359
Eliminated on disposal - - (52,898 ) (52,898 )
At 31 March 2024 14,011 5,442 66,280 85,733
NET BOOK VALUE
At 31 March 2024 5,650 4,271 74,906 84,827
At 31 March 2023 7,616 1,794 49,144 58,554

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 74,851 121,502
VAT 6,918 2,553
Tax 5,700 5,700
Prepayments 2,605 2,726
90,074 132,481

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,404 6,635
Social security and other taxes 19,987 13,473
Other creditors 25 216
Directors' current accounts 20,549 -
Accrued expenses 63,433 6,801
108,398 27,125