Company registration number 08975076 (England and Wales)
OLLIE WAIN CARPENTRY & JOINERY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
OLLIE WAIN CARPENTRY & JOINERY LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
£
£
£
£
Fixed assets
6,610
8,342
Current assets
69,462
57,138
Prepayments and accrued income
276
Creditors: amounts falling due within one year
(91,471)
(63,178)
Net current liabilities
(21,733)
(6,040)
Total assets less current liabilities
(15,123)
2,302
Accruals and deferred income
(2,075)
(1,824)
Net (liabilities)/assets
(17,198)
478
Capital and reserves
(17,198)
478
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees
The company made the following loans and advances to directors:
Advances to Directors
During the year £41,753 was advanced to a director and £16,968 was subsequently repaid. The balance owed by the director at the beginning of the year was £nil and at the end of the year was £24,785. This loan bore interest at the official HMRC rate of 2.25% when in debit, and was interest free when in credit. The loan is unsecured and has no repayment terms.
Illegal dividend
At the time the dividends were paid, the relevant management accounts showed sufficient profits available for distribution. The director acknowledges that at the balance sheet date there were insufficient profits and that therefore no further distributions can be made until there are sufficient profits available for that purpose.
2
Financial commitments, guarantees and contingencies
The company had commitments, guarantees and contingencies totaling £2,160 at the balance sheet date.
3
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
2
2
OLLIE WAIN CARPENTRY & JOINERY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 2 -
Ollie Wain Carpentry & Joinery Limited is a private company limited by shares incorporated in England and Wales. The registered office is Bishopbrook House, Cathedral Avenue, WELLS, Somerset, BA5 1FD.
For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 7 January 2025
Mr O Wain
Director
Company registration number 08975076 (England and Wales)