FPJ Carpentry Limited
Data not obtained from trial balance AutoHide is on
Enter data in the white spaces Enter numbers as + unless indicated Current year Comparative
Units (eg £ or £000) £ include a trailing space
Company registration number 08437127
Date
Approval date of the accounts by the board 25/04/2024
Date
Date of signing on the audit/accountants report 25/04/2024
Date of engagement letter (required for Date
CA and ACCA reports)
Person signing directors' report:
Name of director Mr P E Jones
Or, name of secretary
Name of director signing balance sheet Mr P E Jones
Address of registered office:
Address line 1 5 St Thomas Avenue
Address line 2 Hayling Island
City or town Hampshire
County or region PO11 0ET
Postcode
Name of senior statutory auditor
Name of auditors/accountants AccountArt Business Services Ltd
Type of firm (eg Chartered Accountants) Chartered Certified Accountants
Address of auditors/accountants
Address line 1 5 St Thomas Avenue
Address line 2
City or town Hayling Island
County or region Hampshire
Postcode PO11 0ET
Prior year adjustments (+ for a gain; - for a loss) £
Correction of prior year errors
Effect of retrospective changes in accounting policies
More info on prior year adjustments
Number Number
Average number of persons employed by the company 3 3
Freehold land & buildings if
revalued amounts shown in trial balance: £ £
historical cost
cumulative depreciation based on cost
Historical cost of fixed asset investments £ £
Investments in subsidiaries
Other investments
£ £
Amounts due after more than one year included in debtors
Amounts included in creditors falling due for payment
after more than five years: £ £
Payable otherwise than by installment
Payable by installment
£ £
Secured bank loans included in creditors
Capital commitments: £ £
contracted
Total future payments due under non-cancellable £ £
operating leases
Registered number
08437127
FPJ Carpentry Limited
Filleted Accounts
30 June 2024
FPJ Carpentry Limited
Registered number: 08437127
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 36,047 36,714
Current assets
Debtors 4 9,726 6,409
Cash at bank and in hand - 1,698
9,726 8,107
Creditors: amounts falling due within one year 5 (25,678) (26,298)
Net current liabilities (15,952) (18,191)
Total assets less current liabilities 20,095 18,523
Creditors: amounts falling due after more than one year 6 (11,995) (16,707)
Provisions for liabilities (7,746) (7,746)
Net assets/(liabilities) 354 (5,930)
Capital and reserves
Called up share capital 3 3
Profit and loss account 351 (5,933)
Shareholders' funds 354 (5,930)
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 P E Jones
Director
Approved by the board on 25 April 2024
FPJ Carpentry Limited
Notes to the Accounts
for the year ended 30 June 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 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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 3,126 54,290 57,416
Disposals - (667) (667)
At 30 June 2024 3,126 53,623 56,749
Depreciation
At 1 July 2023 610 20,092 20,702
At 30 June 2024 610 20,092 20,702
Net book value
At 30 June 2024 2,516 33,531 36,047
At 30 June 2023 2,516 34,198 36,714
4 Debtors 2024 2023
£ £
Trade debtors 3,317 -
Other debtors 6,409 6,409
9,726 6,409
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,291 -
Trade creditors 1,932 1,288
Taxation and social security costs (1,952) 2,275
Other creditors 23,407 22,735
25,678 26,298
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 11,995 16,707
7 Loans to/(from) directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr P E Jones
Loan to the company (17,147) - (11) (17,158)
(17,147) - (11) (17,158)
8 Other information
FPJ Carpentry Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 St Thomas Avenue
Hayling Island
Hampshire
PO11 0ET
FPJ Carpentry Limited 08437127 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts July 2024 Mr P E Jones No description of principal activity 08437127 2022-07-01 2023-06-30 08437127 core:WithinOneYear 2023-06-30 08437127 core:AfterOneYear 2023-06-30 08437127 core:ShareCapital 2023-06-30 08437127 core:RetainedEarningsAccumulatedLosses 2023-06-30 08437127 2023-07-01 2024-06-30 08437127 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08437127 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 08437127 bus:Director40 2023-07-01 2024-06-30 08437127 1 2023-07-01 2024-06-30 08437127 2 2023-07-01 2024-06-30 08437127 core:PlantMachinery 2023-07-01 2024-06-30 08437127 core:Vehicles 2023-07-01 2024-06-30 08437127 bus:Director1 2023-07-01 2024-06-30 08437127 bus:Director1 1 2023-07-01 2024-06-30 08437127 countries:England 2023-07-01 2024-06-30 08437127 bus:FRS102 2023-07-01 2024-06-30 08437127 bus:FilletedAccounts 2023-07-01 2024-06-30 08437127 2024-06-30 08437127 core:WithinOneYear 2024-06-30 08437127 core:AfterOneYear 2024-06-30 08437127 core:ShareCapital 2024-06-30 08437127 core:RetainedEarningsAccumulatedLosses 2024-06-30 08437127 core:PlantMachinery 2024-06-30 08437127 core:Vehicles 2024-06-30 08437127 bus:Director1 1 2024-06-30 08437127 2023-06-30 08437127 core:PlantMachinery 2023-06-30 08437127 core:Vehicles 2023-06-30 08437127 bus:Director1 1 2023-06-30 iso4217:GBP xbrli:pure