Registered number
14123953
SN Joinery and Carpentry Services Ltd
Filleted Accounts
31 May 2024
SN Joinery and Carpentry Services Ltd
Registered number: 14123953
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 18,254 25,028
Current assets
Debtors 4 56,210 14,116
Cash at bank and in hand 8,153 18,776
64,363 32,892
Creditors: amounts falling due within one year 5 (30,408) (19,976)
Net current assets 33,955 12,916
Total assets less current liabilities 52,209 37,944
Creditors: amounts falling due after more than one year 6 (1,849) (8,592)
Net assets 50,360 29,352
Capital and reserves
Called up share capital 100 100
Profit and loss account 50,260 29,252
Shareholders' funds 50,360 29,352
The directors are 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 directors acknowledge their 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.
Sergio De Freitas Noite
Director
Approved by the board on 25 November 2024
SN Joinery and Carpentry Services Ltd
Notes to the Accounts
for the year ended 31 May 2024
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 rendering of services. 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
Fixtures, fittings, tools and equipment over 4 years
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2023 13,006 18,795 31,801
At 31 May 2024 13,006 18,795 31,801
Depreciation
At 1 June 2023 3,251 3,522 6,773
Charge for the year 3,252 3,522 6,774
At 31 May 2024 6,503 7,044 13,547
Net book value
At 31 May 2024 6,503 11,751 18,254
At 31 May 2023 9,755 15,273 25,028
4 Debtors 2024 2023
£ £
Trade debtors 45,247 2,647
CIS Control Tax 7,258 4,376
VAT Debtor 3,705 7,093
56,210 14,116
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 6,743 5,861
Trade creditors 3,335 5,556
Taxation and social security costs 13,220 7,321
Other creditors 7,110 1,238
30,408 19,976
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 1,849 8,592
7 Other information
SN Joinery and Carpentry Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
62 Dunelm Grove
London
SE27 9JZ
SN Joinery and Carpentry Services Ltd 14123953 false 2023-06-01 2024-05-31 2024-05-31 VT Final Accounts April 2022 Sergio De Freitas Noite No description of principal activity 14123953 2022-05-23 2023-05-31 14123953 core:WithinOneYear 2023-05-31 14123953 core:AfterOneYear 2023-05-31 14123953 core:ShareCapital 2023-05-31 14123953 core:RetainedEarningsAccumulatedLosses 2023-05-31 14123953 2023-06-01 2024-05-31 14123953 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14123953 bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 14123953 bus:Director40 2023-06-01 2024-05-31 14123953 1 2023-06-01 2024-05-31 14123953 2 2023-06-01 2024-05-31 14123953 core:PlantMachinery 2023-06-01 2024-05-31 14123953 core:Vehicles 2023-06-01 2024-05-31 14123953 countries:England 2023-06-01 2024-05-31 14123953 bus:FRS102 2023-06-01 2024-05-31 14123953 bus:FullAccounts 2023-06-01 2024-05-31 14123953 2024-05-31 14123953 core:WithinOneYear 2024-05-31 14123953 core:AfterOneYear 2024-05-31 14123953 core:ShareCapital 2024-05-31 14123953 core:RetainedEarningsAccumulatedLosses 2024-05-31 14123953 core:PlantMachinery 2024-05-31 14123953 core:Vehicles 2024-05-31 14123953 2023-05-31 14123953 core:PlantMachinery 2023-05-31 14123953 core:Vehicles 2023-05-31 iso4217:GBP xbrli:pure