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REGISTERED NUMBER: 11136064 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

NEW BUILD CARPENTRY LIMITED

NEW BUILD CARPENTRY LIMITED (REGISTERED NUMBER: 11136064)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

NEW BUILD CARPENTRY LIMITED

COMPANY INFORMATION
for the year ended 31 January 2024







DIRECTORS: Mr T H Churchouse
Mr I Tagg



REGISTERED OFFICE: Unit 31 Basepoint Business Centre
Abbey Park Industrial Estate
Premier Way
Romsey
Hampshire
SO51 9AQ



REGISTERED NUMBER: 11136064 (England and Wales)



ACCOUNTANTS: Rothmans LLP
10 St Ann Street
Salisbury
Wiltshire
SP1 2DN



BANKERS: Santander
Bridle Road
Bootle
Merseyside
Lancashire
L304GB

NEW BUILD CARPENTRY LIMITED (REGISTERED NUMBER: 11136064)

BALANCE SHEET
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,162 4,404

CURRENT ASSETS
Stocks 20,000 10,000
Debtors 5 296,056 305,580
Cash at bank 242,469 150,192
558,525 465,772
CREDITORS
Amounts falling due within one year 6 249,700 186,817
NET CURRENT ASSETS 308,825 278,955
TOTAL ASSETS LESS CURRENT
LIABILITIES

324,987

283,359

CREDITORS
Amounts falling due after more than one
year

7

(79,858

)

(113,265

)

PROVISIONS FOR LIABILITIES (3,303 ) (165 )
NET ASSETS 241,826 169,929

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 241,726 169,829
SHAREHOLDERS' FUNDS 241,826 169,929

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 31 October 2024 and were signed on its behalf by:





Mr I Tagg - Director


NEW BUILD CARPENTRY LIMITED (REGISTERED NUMBER: 11136064)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2024

1. STATUTORY INFORMATION

New Build 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.

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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable for the provision of construction services.

Revenue is recongnised once the services that have been provided have been approved or agreed by the client at which time the significant risks and rewards of ownership of the work undertaken transfer to the client.

Profit is recognised on long term construction projects when the final outcome can be assessed with reasonable certainty by including turnover and related costs within the profit and loss account dependent upon 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.
Plant and machinery etc - 33% on cost and 25% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Stocks
The company holds a range of consumables associated with carpentry and these are valued at cost as they are not subject to either physical of technological obsolescence.

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.

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.

NEW BUILD CARPENTRY LIMITED (REGISTERED NUMBER: 11136064)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Debtors
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Creditors
Creditors are not interest bearing and are stated at their nominal value.

Cash and cash equivalents
These comprise cash at bank and other short-term highly liquid bank deposits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 18,768
Additions 15,615
At 31 January 2024 34,383
DEPRECIATION
At 1 February 2023 14,364
Charge for year 3,857
At 31 January 2024 18,221
NET BOOK VALUE
At 31 January 2024 16,162
At 31 January 2023 4,404

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 161,278 93,852
Amounts recoverable on contract 100,000 175,000
Other debtors 34,778 36,728
296,056 305,580

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,222 10,000
Trade creditors 94,139 67,465
Taxation and social security 116,907 81,881
Other creditors 28,432 27,471
249,700 186,817

NEW BUILD CARPENTRY LIMITED (REGISTERED NUMBER: 11136064)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 14,796 25,240
Other creditors 65,062 88,025
79,858 113,265

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.24 31.1.23
£    £   
Within one year 12,086 11,034
Between one and five years 12,086 13,014
In more than five years 71,652 -
95,824 24,048

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Other loans 88,025 110,988

The loan is secured by means of a fixed and floating charge on the assets of the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to the director's subsisted during the years ended 31 January 2024 and
31 January 2023:
31.1.2431.1.23
£ £
DIRECTOR
Balance outstanding at the start of the year- -
Amounts advanced28,45010,309
Amounts repaid(28,450)(10,309)
Balance outstanding at the end of the year- -


DIRECTOR
Balance outstanding at the start of the year--
Amounts advanced28,6729,864
Amounts repaid(28,672)(8,864)
Balance outstanding at the end of the year- -
The loans are repayable on demand and subject to interest at commercial rates.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
NEW BUILD CARPENTRY LIMITED

The following reproduces the text of the report prepared for the directors 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 Directors 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 New Build Carpentry Limited for the year ended 31 January 2024 which comprise the Statement of Income and Retained Earnings, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of New Build Carpentry Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of New Build Carpentry Limited and state those matters that we have agreed to state to the Board of Directors of New Build Carpentry Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than New Build Carpentry Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that New Build Carpentry Limited 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 New Build Carpentry Limited. You consider that New Build Carpentry Limited 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 New Build Carpentry Limited. 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.






Rothmans LLP
10 St Ann Street
Salisbury
Wiltshire
SP1 2DN


31 October 2024