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Company registration number: 11313384
ANDREW HUGHES CARPENTRY LTD
UNAUDITED FILLETED FINANCIAL STATEMENTS
30 April 2024
ANDREW HUGHES CARPENTRY LTD
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
ANDREW HUGHES CARPENTRY LTD
DIRECTORS AND OTHER INFORMATION
Directors Mr A S Hughes
Mrs N A Hughes
Company number 11313384
Registered office 21 Henry Robertson Drive
Gobowen
Shropshire
SY11 3GY
Business address 21 Henry Robertson Drive
Gobowen
Shropshire
SY11 3GY
Accountants Heywoods
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 2AB
ANDREW HUGHES CARPENTRY LTD
CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE
UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ANDREW HUGHES CARPENTRY LTD
YEAR ENDED 30TH APRIL 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Andrew Hughes Carpentry Ltd for the year ended 30 April 2024 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Andrew Hughes Carpentry Ltd, as a body, in accordance with the terms of our engagement letter dated 6 June 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Andrew Hughes Carpentry Ltd and state those matters that we have agreed to state to the board of directors of Andrew Hughes Carpentry Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Andrew Hughes Carpentry Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Andrew Hughes Carpentry Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Andrew Hughes Carpentry Ltd. You consider that Andrew Hughes Carpentry Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Andrew Hughes Carpentry Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Heywoods
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 2AB
22 January 2025
ANDREW HUGHES CARPENTRY LTD
STATEMENT OF FINANCIAL POSITION
30TH APRIL 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 7,083 9,018
_______ _______
7,083 9,018
Current assets
Stocks - 13,996
Debtors 6 97,567 68,941
_______ _______
97,567 82,937
Creditors: amounts falling due
within one year 7 ( 53,302) ( 50,009)
_______ _______
Net current assets 44,265 32,928
_______ _______
Total assets less current liabilities 51,348 41,946
Creditors: amounts falling due
after more than one year 8 ( 26,952) ( 31,187)
Provisions for liabilities ( 403) ( 564)
_______ _______
Net assets 23,993 10,195
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 23,893 10,095
_______ _______
Shareholders funds 23,993 10,195
_______ _______
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.
Directors responsibilities:
- 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;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 15 January 2025 , and are signed on behalf of the board by:
Mr A S Hughes
Director
Company registration number: 11313384
ANDREW HUGHES CARPENTRY LTD
STATEMENT OF CHANGES IN EQUITY
YEAR ENDED 30TH APRIL 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 May 2022 100 ( 9,412) ( 9,312)
Profit for the year 47,507 47,507
_______ _______ _______
Total comprehensive income for the year - 47,507 47,507
Dividends paid and payable ( 28,000) ( 28,000)
_______ _______ _______
Total investments by and distributions to owners - ( 28,000) ( 28,000)
_______ _______ _______
At 30 April 2023 and 1 May 2023 100 10,095 10,195
Profit for the year 45,798 45,798
_______ _______ _______
Total comprehensive income for the year - 45,798 45,798
Dividends paid and payable ( 32,000) ( 32,000)
_______ _______ _______
Total investments by and distributions to owners - ( 32,000) ( 32,000)
_______ _______ _______
At 30 April 2024 100 23,893 23,993
_______ _______ _______
ANDREW HUGHES CARPENTRY LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30TH APRIL 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 21 Henry Robertson Drive, Gobowen, Shropshire, SY11 3GY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 15 % reducing balance
Motor vehicles - 25 % reducing balance
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 May 2023 and 30 April 2024 4,887 15,803 20,690
_______ _______ _______
Depreciation
At 1 May 2023 1,702 9,969 11,671
Charge for the year 478 1,458 1,936
_______ _______ _______
At 30 April 2024 2,180 11,427 13,607
_______ _______ _______
Carrying amount
At 30 April 2024 2,707 4,376 7,083
_______ _______ _______
At 30 April 2023 3,185 5,834 9,019
_______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 30,364 4,405
Other debtors 67,203 64,536
_______ _______
97,567 68,941
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 10,724 15,625
Corporation tax 23,076 21,041
Other creditors 19,502 13,343
_______ _______
53,302 50,009
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 26,952 28,913
Other creditors - 2,274
_______ _______
26,952 31,187
_______ _______
9. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr A S Hughes ( 1,123) ( 1,681) ( 2,804)
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr A S Hughes ( 17) ( 1,106) ( 1,123)
_______ _______ _______