IRIS Accounts Production v24.2.0.383 07511116 director 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075111162023-01-31075111162024-01-31075111162023-02-012024-01-31075111162022-01-31075111162022-02-012023-01-31075111162023-01-3107511116ns15:EnglandWales2023-02-012024-01-3107511116ns14:PoundSterling2023-02-012024-01-3107511116ns10:Director12023-02-012024-01-3107511116ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3107511116ns10:SmallEntities2023-02-012024-01-3107511116ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3107511116ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3107511116ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3107511116ns10:FullAccounts2023-02-012024-01-3107511116ns10:CompanySecretary12023-02-012024-01-3107511116ns10:RegisteredOffice2023-02-012024-01-3107511116ns5:CurrentFinancialInstruments2024-01-3107511116ns5:CurrentFinancialInstruments2023-01-3107511116ns5:Non-currentFinancialInstruments2024-01-3107511116ns5:Non-currentFinancialInstruments2023-01-3107511116ns5:ShareCapital2024-01-3107511116ns5:ShareCapital2023-01-3107511116ns5:RetainedEarningsAccumulatedLosses2024-01-3107511116ns5:RetainedEarningsAccumulatedLosses2023-01-3107511116ns5:PlantMachinery2023-02-012024-01-3107511116ns5:MotorVehicles2023-02-012024-01-3107511116ns5:ComputerEquipment2023-02-012024-01-3107511116ns5:PlantMachinery2023-01-3107511116ns5:MotorVehicles2023-01-3107511116ns5:ComputerEquipment2023-01-3107511116ns5:PlantMachinery2024-01-3107511116ns5:MotorVehicles2024-01-3107511116ns5:ComputerEquipment2024-01-3107511116ns5:PlantMachinery2023-01-3107511116ns5:MotorVehicles2023-01-3107511116ns5:ComputerEquipment2023-01-3107511116ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3107511116ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31075111161ns10:Director12023-01-31075111161ns10:Director12022-01-31075111161ns10:Director12023-02-012024-01-31075111161ns10:Director12022-02-012023-01-31075111161ns10:Director12024-01-31075111161ns10:Director12023-01-31
REGISTERED NUMBER: 07511116 (England and Wales)














G N CARPENTRY CONSTRUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






G N CARPENTRY CONSTRUCTION LIMITED (REGISTERED NUMBER: 07511116)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


G N CARPENTRY CONSTRUCTION LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTOR: G R Nash





SECRETARY: R Nash





REGISTERED OFFICE: Unit 1
Field Acres Farm
Fullers Hill
Chesham
Buckinghamshire
HP5 1LS





REGISTERED NUMBER: 07511116 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

G N CARPENTRY CONSTRUCTION LIMITED (REGISTERED NUMBER: 07511116)

STATEMENT OF FINANCIAL POSITION
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 60,016 60,494

CURRENT ASSETS
Stocks 231,760 410,000
Debtors 6 87,595 267,802
Cash at bank 21,420 55,455
340,775 733,257
CREDITORS
Amounts falling due within one year 7 236,182 415,146
NET CURRENT ASSETS 104,593 318,111
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,609

378,605

CREDITORS
Amounts falling due after more than one
year

8

(164,519

)

(162,218

)

PROVISIONS FOR LIABILITIES - (15,124 )
NET ASSETS 90 201,263

CAPITAL AND RESERVES
Called up, paid and allotted share capital 10 10
Retained earnings 80 201,253
SHAREHOLDERS' FUNDS 90 201,263

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

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

G N CARPENTRY CONSTRUCTION LIMITED (REGISTERED NUMBER: 07511116)

STATEMENT OF FINANCIAL POSITION - continued
31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 November 2024 and were signed by:





G R Nash - Director


G N CARPENTRY CONSTRUCTION LIMITED (REGISTERED NUMBER: 07511116)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

G N Carpentry Construction 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis, which is considered appropriate by the director as the company operates within its agreed banking facilities and with the support of the director.

Income recognition
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

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 cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

G N CARPENTRY CONSTRUCTION LIMITED (REGISTERED NUMBER: 07511116)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 123,141 143,023 22,420 288,584
Additions 1,200 65,200 3,163 69,563
Disposals (44,967 ) (135,665 ) - (180,632 )
At 31 January 2024 79,374 72,558 25,583 177,515
DEPRECIATION
At 1 February 2023 72,798 135,180 20,112 228,090
Charge for year 13,968 18,914 1,884 34,766
Eliminated on disposal (11,242 ) (134,115 ) - (145,357 )
At 31 January 2024 75,524 19,979 21,996 117,499
NET BOOK VALUE
At 31 January 2024 3,850 52,579 3,587 60,016
At 31 January 2023 50,343 7,843 2,308 60,494

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 65,257 259,108
Other debtors 22,338 8,694
87,595 267,802

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 46,917 46,917
Hire purchase contracts 6,320 -
Trade creditors 100,057 264,323
Taxation and social security 6,171 80,126
Other creditors 76,717 23,780
236,182 415,146

G N CARPENTRY CONSTRUCTION LIMITED (REGISTERED NUMBER: 07511116)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 115,345 162,218
Hire purchase contracts 49,174 -
164,519 162,218

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 7,055

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
G R Nash
Balance outstanding at start of year - -
Amounts advanced 6,267 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,267 -

10. RELATED PARTY DISCLOSURES

The director operates a loan account with the company, which is interest free and repayable on demand. Transactions of which can be found above.