Registered number
06794851
The Cabinet Door Shop Ltd
Filleted Accounts
31 January 2025
The Cabinet Door Shop Ltd
Registered number: 06794851
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 13,090 14,590
Current assets
Stocks 2,262 6,762
Debtors 4 104,351 65,470
Cash at bank and in hand 30,950 25,104
137,563 97,336
Creditors: amounts falling due within one year 5 (118,588) (86,675)
Net current assets 18,975 10,661
Total assets less current liabilities 32,065 25,251
Creditors: amounts falling due after more than one year 6 (25,984) (26,135)
Net assets/(liabilities) 6,081 (884)
Capital and reserves
Called up share capital 1 1
Profit and loss account 6,080 (885)
Shareholders' funds 6,081 (884)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J Day
Director
Approved by the board on 18 February 2025
The Cabinet Door Shop Ltd
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2024 59,784 28,900 88,684
Additions 2,965 - 2,965
Disposals (48,474) (12,000) (60,474)
At 31 January 2025 14,275 16,900 31,175
Depreciation
At 1 February 2024 52,560 21,534 74,094
Charge for the year 2,624 1,841 4,465
On disposals (48,474) (12,000) (60,474)
At 31 January 2025 6,710 11,375 18,085
Net book value
At 31 January 2025 7,565 5,525 13,090
At 31 January 2024 7,224 7,366 14,590
4 Debtors 2025 2024
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 15,819 13,819
Other debtors 88,532 51,651
104,351 65,470
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 27,604 7,500
Trade creditors 29,553 36,222
Taxation and social security costs 58,328 40,263
Other creditors 3,103 2,690
118,588 86,675
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 25,984 26,135
7 Other information
The Cabinet Door Shop Ltd is a private company limited by shares and incorporated in England. Its registered office is:
21 Victoria Terrace
Hove
East Sussex
BN3 2WB
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