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REGISTERED NUMBER: 06625034 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

AIMBEC CARPENTRY LTD

AIMBEC CARPENTRY LTD (REGISTERED NUMBER: 06625034)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

AIMBEC CARPENTRY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: P Condon





SECRETARY: Mrs A Condon





REGISTERED OFFICE: 175 Chase Side
Enfield
EN2 0PT





REGISTERED NUMBER: 06625034 (England and Wales)





ACCOUNTANTS: Chris Skarparis & Co Ltd
Chartered Accountants
2nd Floor
10(b) Aldermans Hill
Palmers Green
London
N13 4PJ

AIMBEC CARPENTRY LTD (REGISTERED NUMBER: 06625034)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 512,560 523,573

CURRENT ASSETS
Stocks 3,000 15,000
Debtors 5 120,762 99,801
Cash at bank 368,925 234,054
492,687 348,855
CREDITORS
Amounts falling due within one year 6 240,400 157,270
NET CURRENT ASSETS 252,287 191,585
TOTAL ASSETS LESS CURRENT
LIABILITIES

764,847

715,158

PROVISIONS FOR LIABILITIES 7 3,140 4,479
NET ASSETS 761,707 710,679

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 8 761,705 710,677
SHAREHOLDERS' FUNDS 761,707 710,679

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

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

AIMBEC CARPENTRY LTD (REGISTERED NUMBER: 06625034)

BALANCE SHEET - continued
31 MAY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 February 2025 and were signed by:





P Condon - Director


AIMBEC CARPENTRY LTD (REGISTERED NUMBER: 06625034)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Aimbec Carpentry Limited is a private company,limited by shares, registered in England and Wales. The company's registered number is 06625034 and registered office address is 18 Conway Gardens, Enfield, EN2 9AD

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

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 etc - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Revenue recongnition
Amounts due under contracts-not yet invoiced (work in progress) are valued at the recoverable standard value of time charged by all personnel engaged in the provision of services. Revenue is recognised as the contracts progress to reflect the company's partial performance of the contractual obligation. The amount of revenue recognised reflects the accrual of the right for consideration as contract activity progresses by reference to the value of work performed.

Going concern
The directors have considered the working capital position of the company and future working capital requirements, including any impact from the ongoing conflict in Ukraine and high interest rates in the UK and are satisfied that the company will be able to meet its liabilities as they fall due for a period of not less than one year from date of approval of these financial statements.

3. EMPLOYEES AND DIRECTORS

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

AIMBEC CARPENTRY LTD (REGISTERED NUMBER: 06625034)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 June 2023 500,000 56,800 556,800
Additions - 3,315 3,315
Disposals - (17,500 ) (17,500 )
Reclassification/transfer - (466 ) (466 )
At 31 May 2024 500,000 42,149 542,149
DEPRECIATION
At 1 June 2023 - 33,227 33,227
Charge for year - 4,018 4,018
Eliminated on disposal - (7,656 ) (7,656 )
At 31 May 2024 - 29,589 29,589
NET BOOK VALUE
At 31 May 2024 500,000 12,560 512,560
At 31 May 2023 500,000 23,573 523,573

Cost or valuation at 31 May 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2022 29,750 - 29,750
Cost 470,250 42,149 512,399
500,000 42,149 542,149

If freehold property had not been revalued they would have been included at the following historical cost:

31.5.24 31.5.23
£    £   
Cost 527,004 527,004
Aggregate depreciation 33,227 33,227

Value of land in freehold land and buildings 470,250 470,250

Freehold property was valued on an open market basis on 31 May 2024 by the Director .

AIMBEC CARPENTRY LTD (REGISTERED NUMBER: 06625034)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 39,506 42,186
Amounts recoverable on contract 17,539 2,106
VAT 63,717 55,509
120,762 99,801

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 77,396 69,733
Tax 33,424 7,015
Social security and other taxes 2,311 1,716
Company credit card 2,162 893
Pension control account 210 210
Directors' current accounts 97,725 75,703
Accrued expenses 27,172 2,000
240,400 157,270

7. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax
Accelerated capital allowances 3,140 4,479

Deferred
tax
£   
Balance at 1 June 2023 4,479
Credit to Income Statement during year (1,339 )
Balance at 31 May 2024 3,140

8. RESERVES
Retained
earnings
£   

At 1 June 2023 710,677
Profit for the year 101,028
Dividends (50,000 )
At 31 May 2024 761,705

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £25,000 (2023 - £25,000) were paid to the director .

Included in Creditors - amounts falling due within one year is a loan of £97,725 (2023-£75,703) due to the Director. This loan is recognised at transaction price. The loan is interest free and repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
AIMBEC CARPENTRY LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Aimbec Carpentry Ltd for the year ended 31 May 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Aimbec Carpentry Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Aimbec Carpentry Ltd and state those matters that we have agreed to state to the director of Aimbec Carpentry Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aimbec Carpentry Ltd and its director for our work or for this report.

It is your duty to ensure that Aimbec 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 Aimbec Carpentry Ltd. You consider that Aimbec 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 Aimbec 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.






Chris Skarparis & Co Ltd
Chartered Accountants
2nd Floor
10(b) Aldermans Hill
Palmers Green
London
N13 4PJ


10 February 2025