Company Registration No. 5783027 (England and Wales)
Alistair Fleming Woodworks Limited
Unaudited accounts
for the year ended 30 April 2024
Alistair Fleming Woodworks Limited
Unaudited accounts
Contents
Alistair Fleming Woodworks Limited
Company Information
for the year ended 30 April 2024
Company Number
5783027 (England and Wales)
Registered Office
1 West Street
Lewes
East Sussex
BN7 2NZ
Accountants
Maxwell-Gumbleton & Co.
1 West Street
Lewes
East Sussex
BN7 2NZ
Alistair Fleming Woodworks Limited
Statement of financial position
as at 30 April 2024
Tangible assets
109,696
112,551
Inventories
179,253
170,914
Cash at bank and in hand
49,030
135,012
Creditors: amounts falling due within one year
(312,996)
(348,374)
Net current (liabilities)/assets
(61,705)
40,178
Total assets less current liabilities
47,991
152,729
Creditors: amounts falling due after more than one year
(40,931)
(70,519)
Provisions for liabilities
Called up share capital
50,000
50,000
Profit and loss account
(42,940)
13,167
Shareholders' funds
7,060
63,167
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 October 2024 and were signed on its behalf by
J L Lucas
Director
Company Registration No. 5783027
Alistair Fleming Woodworks Limited
Notes to the Accounts
for the year ended 30 April 2024
Alistair Fleming Woodworks Limited is a private company, limited by shares, registered in England and Wales, registration number 5783027. The registered office is 1 West Street, Lewes, East Sussex, BN7 2NZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10 year straight line
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
5 year straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Alistair Fleming Woodworks Limited
Notes to the Accounts
for the year ended 30 April 2024
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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.
4
Intangible fixed assets
Goodwill
Alistair Fleming Woodworks Limited
Notes to the Accounts
for the year ended 30 April 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2023
59,874
100,168
29,878
132,708
322,628
Additions
8,280
7,507
-
6,064
21,851
Disposals
-
-
(7,000)
-
(7,000)
At 30 April 2024
68,154
107,675
22,878
138,772
337,479
At 1 May 2023
27,837
72,656
20,165
89,419
210,077
Charge for the year
5,987
5,253
1,964
9,647
22,851
On disposals
-
-
(5,145)
-
(5,145)
At 30 April 2024
33,824
77,909
16,984
99,066
227,783
At 30 April 2024
34,330
29,766
5,894
39,706
109,696
At 30 April 2023
32,037
27,512
9,713
43,289
112,551
Amounts falling due within one year
Accrued income and prepayments
17,387
47,044
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
27,215
27,009
Obligations under finance leases and hire purchase contracts
2,392
3,997
Trade creditors
32,998
51,816
Taxes and social security
18,491
6,480
Other creditors
26,570
1,663
Deferred income
203,102
247,647
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
2,392
Alistair Fleming Woodworks Limited
Notes to the Accounts
for the year ended 30 April 2024
9
Deferred taxation
2024
2023
Accelerated capital allowances
-
19,043
Provision at start of year
19,043
19,968
Credited to the profit and loss account
(19,043)
(925)
Provision at end of year
-
19,043
Allotted, called up and fully paid:
50,000 Ordinary shares of £1 each
50,000
50,000
11
Operating lease commitments
2024
2023
At 30 April 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
5,833
35,000
Later than one year and not later than five years
-
5,833
12
Average number of employees
During the year the average number of employees was 11 (2023: 12).