Registered number
10941554
Claremont Building & Joinery Ltd
Filleted Accounts
30 September 2024
Claremont Building & Joinery Ltd
Registered number: 10941554
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 9,725 6,818
Current assets
Stocks 10,000 10,000
Debtors 4 54,731 77,872
Cash at bank and in hand 52,970 16,539
117,701 104,411
Creditors: amounts falling due within one year 5 (89,920) (75,965)
Net current assets 27,781 28,446
Total assets less current liabilities 37,506 35,264
Creditors: amounts falling due after more than one year 6 (24,996) (31,248)
Provisions for liabilities (1,848) -
Net assets 10,662 4,016
Capital and reserves
Called up share capital 110 110
Profit and loss account 10,552 3,906
Shareholder's funds 10,662 4,016
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 member has 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.
C Stapley
Director
Approved by the board on 25 March 2025
Claremont Building & Joinery Ltd
Notes to the Accounts
for the year ended 30 September 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:
Motor vehicles over 5 years
Plant and machinery over 5 years
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 1,651 28,145 29,796
Additions 5,400 - 5,400
At 30 September 2024 7,051 28,145 35,196
Depreciation
At 1 October 2023 1,346 21,632 22,978
Charge for the year 1,190 1,303 2,493
At 30 September 2024 2,536 22,935 25,471
Net book value
At 30 September 2024 4,515 5,210 9,725
At 30 September 2023 305 6,513 6,818
4 Debtors 2024 2023
£ £
Trade debtors 39,583 53,300
Other debtors 15,148 24,572
54,731 77,872
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,252 6,252
Trade creditors 32,497 7,666
Taxation and social security costs 51,171 62,047
89,920 75,965
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 24,996 31,248
7 Related party transactions 2024 2023
Directors loan account £ £
The director is a related party to the company. At 30th September, the company owed the director the following short term, interest free, unsecured loan repayable upon demand
Amounts due to the related party (15,148) (17,785)
8 Controlling party
The director is the ultimate controlling party by virtue of his 100% ownership of the issued share capital of the company
9 Other information
Claremont Building & Joinery Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Holden House
Holden Road
Leigh
WN7 1EX
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