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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
Page
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Alistair Fleming Woodworks Limited Company Information for the year ended 30 April 2024
Director
J L Lucas
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
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Alistair Fleming Woodworks Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
109,696 
112,551 
Current assets
Inventories
179,253 
170,914 
Debtors
23,008 
82,626 
Cash at bank and in hand
49,030 
135,012 
251,291 
388,552 
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
Deferred tax
- 
(19,043)
Net assets
7,060 
63,167 
Capital and reserves
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
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Alistair Fleming Woodworks Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Alistair Fleming Woodworks Limited Notes to the Accounts for the year ended 30 April 2024
Inventories
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.
Pension costs
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.
Leased assets
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.
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.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2023
100,000 
At 30 April 2024
100,000 
Amortisation
At 1 May 2023
100,000 
At 30 April 2024
100,000 
Net book value
At 30 April 2024
- 
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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 
Depreciation
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 
Net book value
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 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
4,587 
Trade debtors
5,621 
8,668 
Accrued income and prepayments
17,387 
47,044 
Other debtors
- 
22,327 
23,008 
82,626 
7
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 
Accruals
2,228 
9,762 
Deferred income
203,102 
247,647 
312,996 
348,374 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
40,931 
68,127 
Obligations under finance leases and hire purchase contracts
- 
2,392 
40,931 
70,519 
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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 
2024 
2023 
£ 
£ 
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 
10
Share capital
2024 
2023 
£ 
£ 
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 
5,833 
40,833 
12
Average number of employees
During the year the average number of employees was 11 (2023: 12).
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