Company Registration No. 15233341 (England and Wales)
BEN TIBBETTS BUILDING & JOINERY LIMITED
Unaudited accounts
for the year ended 31 October 2024
BEN TIBBETTS BUILDING & JOINERY LIMITED
Unaudited accounts
Contents
BEN TIBBETTS BUILDING & JOINERY LIMITED
Company Information
for the year ended 31 October 2024
Company Number
15233341 (England and Wales)
Registered Office
11 Union Street
Kendal
Cumbria
LA9 4RP
England
Accountants
PE Accountancy Services
15 Fowling Lane
KENDAL
Cumbira
LA9 6HB
BEN TIBBETTS BUILDING & JOINERY LIMITED
Statement of financial position
as at 31 October 2024
Cash at bank and in hand
8,521
Creditors: amounts falling due within one year
(30,747)
Net current liabilities
(8,328)
Total assets less current liabilities
22,266
Creditors: amounts falling due after more than one year
(15,059)
Provisions for liabilities
Profit and loss account
4,820
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 March 2025 and were signed on its behalf by
Ben Tibbetts
Director
Company Registration No. 15233341
BEN TIBBETTS BUILDING & JOINERY LIMITED
Notes to the Accounts
for the year ended 31 October 2024
BEN TIBBETTS BUILDING & JOINERY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 15233341. The registered office is 11 Union Street, Kendal, Cumbria, LA9 4RP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 October 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Hire Purchase & leased assets
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
15% reducing balance basis
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
BEN TIBBETTS BUILDING & JOINERY LIMITED
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Motor vehicles
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
Obligations under finance leases and hire purchase contracts
5,916
Taxes and social security
11,963
7
Creditors: amounts falling due after more than one year
2024
Obligations under finance leases and hire purchase contracts
15,059
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Average number of employees
During the year the average number of employees was 2.