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REGISTERED NUMBER: 04211517 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Ironcraft of Earl Shilton LTD

Ironcraft of Earl Shilton LTD (Registered number: 04211517)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ironcraft of Earl Shilton LTD

Company Information
for the Year Ended 30 April 2024







DIRECTORS: D Ayre
Mrs L Ayre





REGISTERED OFFICE: 92 High Street
Earl Shilton
Leicestershire
LE9 7DG





REGISTERED NUMBER: 04211517 (England and Wales)





ACCOUNTANTS: Brockhurst Davies Limited
11 The Office Village
North Road
Loughborough
Leicestershire
LE11 1QJ

Ironcraft of Earl Shilton LTD (Registered number: 04211517)

Balance Sheet
30 April 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 55,779 67,461

CURRENT ASSETS
Stocks 37,419 55,800
Debtors 5 146,605 137,573
Cash at bank and in hand 175,030 209,171
359,054 402,544
CREDITORS
Amounts falling due within one year 6 67,471 88,384
NET CURRENT ASSETS 291,583 314,160
TOTAL ASSETS LESS CURRENT
LIABILITIES

347,362

381,621

PROVISIONS FOR LIABILITIES 13,945 16,819
NET ASSETS 333,417 364,802

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 333,217 364,602
SHAREHOLDERS' FUNDS 333,417 364,802

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Ironcraft of Earl Shilton LTD (Registered number: 04211517)

Balance Sheet - continued
30 April 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 by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





D Ayre - Director


Ironcraft of Earl Shilton LTD (Registered number: 04211517)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Ironcraft of Earl Shilton 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance, 20% on reducing balance and 10% on reducing balance

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

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Ironcraft of Earl Shilton LTD (Registered number: 04211517)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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.

Basic financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 May 2023 192,834
Additions 1,634
At 30 April 2024 194,468
DEPRECIATION
At 1 May 2023 125,373
Charge for year 13,316
At 30 April 2024 138,689
NET BOOK VALUE
At 30 April 2024 55,779
At 30 April 2023 67,461

Ironcraft of Earl Shilton LTD (Registered number: 04211517)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
COST
At 1 May 2023 29,065
Transfer to ownership (29,065 )
At 30 April 2024 -
DEPRECIATION
At 1 May 2023 19,869
Transfer to ownership (19,869 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 9,196

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 96,670 96,122
Other debtors 49,935 41,451
146,605 137,573

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts - 492
Trade creditors 33,702 69,819
Tax - 1
Social security and other taxes 1,468 7,152
VAT 14,821 3,019
Other creditors 13,290 3,428
Directors' loan accounts 1,480 143
Accruals and deferred income 2,710 4,330
67,471 88,384

Other loans are unsecured, repayable on demand and not subject to interest.

Ironcraft of Earl Shilton LTD (Registered number: 04211517)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Hire purchase contracts - 492