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REGISTERED NUMBER: 08455416 (England and Wales)















North Walsham Carpentry Ltd

Unaudited Financial Statements for the Year Ended 31 March 2024






North Walsham Carpentry Ltd (Registered number: 08455416)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


North Walsham Carpentry Ltd

Company Information
for the Year Ended 31 March 2024







Directors: Mrs T Baldock-Yaxley
B E L Baldock-Yaxley
J Baldock-Yaxley
T Baldock-Yaxley





Registered office: 133 Mundesley Road
North Walsham
Norwich
Norfolk
NR28 0DD





Registered number: 08455416 (England and Wales)





Accountants: Fairhead Bradford
5 Queen Street
Great Yarmouth
Norfolk
NR30 2QP

North Walsham Carpentry Ltd (Registered number: 08455416)

Statement of Financial Position
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 2,087 2,782
2,087 2,782

Current assets
Stocks 4,770 6,306
Debtors 6 3,426 15,020
Cash at bank 222,278 226,833
230,474 248,159
Creditors
Amounts falling due within one year 7 88,597 81,774
Net current assets 141,877 166,385
Total assets less current liabilities 143,964 169,167

Capital and reserves
Called up share capital 100 100
Retained earnings 143,864 169,067
Shareholders' funds 143,964 169,167

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2024 and were signed on its behalf by:





B E L Baldock-Yaxley - Director


North Walsham Carpentry Ltd (Registered number: 08455416)

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

1. Statutory information

North Walsham Carpentry 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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 statement of financial position date.


North Walsham Carpentry Ltd (Registered number: 08455416)

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

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. Employees and directors

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

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 April 2023
and 31 March 2024 10,000
Amortisation
At 1 April 2023
and 31 March 2024 10,000
Net book value
At 31 March 2024 -
At 31 March 2023 -

5. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Cost
At 1 April 2023
and 31 March 2024 8,683 5,800 14,483
Depreciation
At 1 April 2023 6,933 4,768 11,701
Charge for year 437 258 695
At 31 March 2024 7,370 5,026 12,396
Net book value
At 31 March 2024 1,313 774 2,087
At 31 March 2023 1,750 1,032 2,782

North Walsham Carpentry Ltd (Registered number: 08455416)

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

6. Debtors: amounts falling due within one year
31/3/24 31/3/23
£    £   
Trade debtors 2,460 9,315
Other debtors 966 5,705
3,426 15,020

7. Creditors: amounts falling due within one year
31/3/24 31/3/23
£    £   
Trade creditors 2,943 3,046
Taxation and social security 11,980 4,073
Other creditors 73,674 74,655
88,597 81,774

8. Ultimate controlling party

The controlling party is B E L Baldock-Yaxley.