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REGISTERED NUMBER: 06624350 (England and Wales)














Unaudited Financial Statements

For The Year Ended 31st March 2024

for

2FX Carpentry Limited

2FX Carpentry Limited (Registered number: 06624350)






Contents of the Financial Statements
For The Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

2FX Carpentry Limited

Company Information
For The Year Ended 31st March 2024







DIRECTOR: S C Robinson





REGISTERED OFFICE: 61 Bridge Street
Kington
Herefordshire
HR5 3DJ





REGISTERED NUMBER: 06624350 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

2FX Carpentry Limited (Registered number: 06624350)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,343 2,798

CURRENT ASSETS
Stocks 3,350 -
Debtors 5 5,138 8,810
Cash at bank 2,167 4,007
10,655 12,817
CREDITORS
Amounts falling due within one year 6 7,199 6,621
NET CURRENT ASSETS 3,456 6,196
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,799

8,994

CREDITORS
Amounts falling due after more than one
year

7

(5,726

)

(8,168

)

PROVISIONS FOR LIABILITIES 8 (635 ) (532 )
NET ASSETS 438 294

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 338 194
SHAREHOLDERS' FUNDS 438 294

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

2FX Carpentry Limited (Registered number: 06624350)

Balance Sheet - continued
31st 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 and authorised for issue by the director and authorised for issue on 22nd August 2024 and were signed by:





S C Robinson - Director


2FX Carpentry Limited (Registered number: 06624350)

Notes to the Financial Statements
For The Year Ended 31st March 2024

1. STATUTORY INFORMATION

2FX 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.

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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 2 (2023 - 2 ) .

2FX Carpentry Limited (Registered number: 06624350)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2023 13,162 1,193 14,355
Additions 571 1,007 1,578
At 31st March 2024 13,733 2,200 15,933
DEPRECIATION
At 1st April 2023 11,209 348 11,557
Charge for year 500 533 1,033
At 31st March 2024 11,709 881 12,590
NET BOOK VALUE
At 31st March 2024 2,024 1,319 3,343
At 31st March 2023 1,953 845 2,798

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,155 2,795
Directors' current accounts 3,983 5,884
VAT - 131
5,138 8,810

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 3,214 5,584
VAT 1,909 -
Accrued expenses 2,076 1,037
7,199 6,621

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 5,726 8,168

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 635 532

2FX Carpentry Limited (Registered number: 06624350)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st April 2023 532
Charge to Income Statement during year 103
Balance at 31st March 2024 635

9. CALLED UP SHARE CAPITAL

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

10. RESERVES
Retained
earnings
£   

At 1st April 2023 194
Profit for the year 14,144
Dividends (14,000 )
At 31st March 2024 338

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

31.3.24 31.3.23
£    £   
S C Robinson
Balance outstanding at start of year 5,884 10,664
Amounts advanced 3,983 5,884
Amounts repaid (5,884 ) (10,664 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,983 5,884

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £14,000 were paid to the director .

13. ULTIMATE CONTROLLING PARTY

The controlling party is S C Robinson.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
2FX Carpentry Limited

The following reproduces the text of the report prepared for the director 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 Director 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 2FX Carpentry Limited for the year ended 31st March 2024 which comprise the Income Statement, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of 2FX Carpentry Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 2FX Carpentry Limited and state those matters that we have agreed to state to the director of 2FX Carpentry Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that 2FX 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 2FX Carpentry Limited. You consider that 2FX 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 2FX 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.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


Date: 22nd August 2024