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Bourne Carpentry Limited
Registered Number:06422724
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Bourne Carpentry Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
06422724
As at 31 March 2024
Bourne Carpentry Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
12,000
18,000
2
Property, plant and equipment
17,204
20,975
3
29,204
38,975
Current assets
Trade and other receivables
2,636
13,804
4
38,826
Cash and cash equivalents
10,543
24,347
41,462
Trade and other payables: amounts falling due within one year
(55,643)
(39,944)
5
(14,181)
(15,597)
Net current liabilities
Total assets less current liabilities
13,607
24,794
Trade and other payables: amounts falling due after more than
one year
(22,557)
(12,586)
6
1,021
Net assets
2,237
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
21
1,237
1,021
2,237
Shareholders' funds
For the year ended 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 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 proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Dean Antony Millwood Director
These financial statements were approved and authorised for issue by the Board on 22 October 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2024
Bourne Carpentry Limited
Notes to the Financial Statements
Statutory Information
Bourne Carpentry Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
06422724.
Registered address:
165 Staplehurst Road
Sittingbourne
Kent
ME10 1SY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 ''The
Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of 5 years.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
18% Reducing balance
18% Reducing balance
Computer Equipment
18% Reducing balance
Motor Vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 31 March 2024
Bourne Carpentry Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2023
30,000
At 31 March 2024
30,000
Amortisation
At 01 April 2023
12,000
6,000
Charge for year
At 31 March 2024
18,000
Net book value
At 31 March 2024
12,000
At 31 March 2023
18,000
3. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or valuation
At 01 April 2023
31,682
1,082
19,500
11,100
At 31 March 2024
11,100
19,500
1,082
31,682
Provision for depreciation and impairment
At 01 April 2023
10,707
681
6,388
3,638
Charge for year
3,771
72
2,360
1,339
At 31 March 2024
14,478
753
8,748
4,977
At 31 March 2024
Net book value
6,123
10,752
329
17,204
At 31 March 2023
7,462
13,112
401
20,975
4. Trade and other receivables
2023
2024
£
£
Other debtors
13,804
2,636
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6
For the year ended 31 March 2024
Bourne Carpentry Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
10,648
10,648
Trade creditors
7,077
15,507
Taxation and social security
20,704
23,231
Other creditors
1,515
6,257
39,944
55,643
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
12,586
22,557
7. Average number of persons employed
During the year the average number of employees was 1 (2023 : 2)
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