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REGISTERED NUMBER: 05886070 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 July 2024

for

L & G Carpentry Contractors Ltd

L & G Carpentry Contractors Ltd (Registered number: 05886070)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


L & G Carpentry Contractors Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr R Wood





SECRETARY: Mrs Z Wood





REGISTERED OFFICE: Suite G1b Oakpark Business Centre
Alington Road
Little Barford
St Neots
Cambridgeshire
PE19 6WA





REGISTERED NUMBER: 05886070 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
St George's House
George Street
Huntingdon
Cambridgeshire
PE29 3GH

L & G Carpentry Contractors Ltd (Registered number: 05886070)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,645 3,288

CURRENT ASSETS
Debtors 5 991,554 727,920
Cash at bank 440,456 742,228
1,432,010 1,470,148
CREDITORS
Amounts falling due within one year 6 323,331 344,255
NET CURRENT ASSETS 1,108,679 1,125,893
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,111,324

1,129,181

CAPITAL AND RESERVES
Called up share capital 101 100
Retained earnings 1,111,223 1,129,081
1,111,324 1,129,181

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

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

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 Statement of Income and Retained Earnings has not been delivered.

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





Mr R Wood - Director


L & G Carpentry Contractors Ltd (Registered number: 05886070)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

L & G Carpentry Contractors Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover representing the sale of construction services is recognised based on the completion stage of contracts and when there is a right to consideration in exchange for performance. Projects are monitored and invoices for the work carried out are raised monthly.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & Fittings - 15% reducing balance
Computer Equipment - 33% reducing balance.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 13 ) .

L & G Carpentry Contractors Ltd (Registered number: 05886070)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 7,296
DEPRECIATION
At 1 August 2023 4,008
Charge for year 643
At 31 July 2024 4,651
NET BOOK VALUE
At 31 July 2024 2,645
At 31 July 2023 3,288

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 604,032 631,701
Other debtors 387,522 96,219
991,554 727,920

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 40,947 37,144
Amounts owed to group undertakings 142,419 144,367
Taxation and social security 102,894 105,182
Other creditors 37,071 57,562
323,331 344,255

7. RELATED PARTY DISCLOSURES

An intercompany loan has been made to a private company that has common controlling parties. At the balance sheet date £334,692 (2023 - £89,909) was owed and interest is being charged at market rates.

The ultimate parent company and the controlling entity, by way of holding 100% of the allotted share capital, is A & W Holdings Limited, a company incorporated in England and Wales.

At the year end the company owed its parent £142,419 (2023: £144,367).