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REGISTERED NUMBER: 05957620












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

G N Carpentry Ltd

G N Carpentry Ltd (Registered number: 05957620)






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


G N Carpentry Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: G Norman





SECRETARY: S Phipps





REGISTERED OFFICE: 6 Kirkins Close
Horsmonden
Tonbridge
Kent
TN12 8HF





REGISTERED NUMBER: 05957620





ACCOUNTANTS: Peter Hodgson & Co.
Chartered Accountants
Shadwell House
65 Lower Green Road
Tunbridge Wells
Kent
TN4 8TW

G N Carpentry Ltd (Registered number: 05957620)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,604 6,692

CURRENT ASSETS
Debtors 5 2,987 5,426
Cash at bank 25,297 82,449
28,284 87,875
CREDITORS
Amounts falling due within one year 6 6,578 39,116
NET CURRENT ASSETS 21,706 48,759
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,310

55,451

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 27,210 55,351
SHAREHOLDERS' FUNDS 27,310 55,451

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 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.

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 director and authorised for issue on 18 November 2024 and were signed by:





G Norman - Director


G N Carpentry Ltd (Registered number: 05957620)

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

1. STATUTORY INFORMATION

G N Carpentry Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Significant judgements and estimates
There are no significant judgements or estimates pertaining to these accounts.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Functional currency
The functional currency used by the company is £ Sterling.

Financial instruments
Basic financial instruments comprising debtors, bank and cash balances are recorded at fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

G N Carpentry Ltd (Registered number: 05957620)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 6,826 18,594 1,751 27,171
Additions - - 779 779
At 31 March 2024 6,826 18,594 2,530 27,950
DEPRECIATION
At 1 April 2023 6,229 13,090 1,160 20,479
Charge for year 149 1,376 342 1,867
At 31 March 2024 6,378 14,466 1,502 22,346
NET BOOK VALUE
At 31 March 2024 448 4,128 1,028 5,604
At 31 March 2023 597 5,504 591 6,692

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 700
Other debtors 2,577 4,355
Prepayments 410 371
2,987 5,426

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 3,973 4,385
Directors' current accounts 771 33,511
Accrued expenses 1,834 1,220
6,578 39,116

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

G N Carpentry Ltd (Registered number: 05957620)

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

8. RESERVES
Retained
earnings
£   

At 1 April 2023 55,351
Profit for the year 15,859
Dividends (44,000 )
At 31 March 2024 27,210