Registered number
06642683
Vernon Harcourt Carpentry Ltd
Filleted Accounts
31 July 2024
Vernon Harcourt Carpentry Ltd
Registered number: 06642683
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 13,152 16,981
Current assets
Debtors 4 - 3
Cash at bank and in hand 56,927 45,177
56,927 45,180
Creditors: amounts falling due within one year 5 (8,287) (4,262)
Net current assets 48,640 40,918
Total assets less current liabilities 61,792 57,899
Provisions for liabilities (2,499) (3,226)
Net assets 59,293 54,673
Capital and reserves
Called up share capital 1 1
Profit and loss account 59,292 54,672
Shareholder's funds 59,293 54,673
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.
Mr Vernon Harcourt
Director
Approved by the board on 16 April 2025
Vernon Harcourt Carpentry Ltd
Notes to the Accounts
for the year ended 31 July 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:
Computer equipment over 3 years
Motor vehicles 25% reducing balance
Plant and machinery 20% reducing balance
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 1 1
3 Tangible fixed assets
Computer equipment Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 August 2023 849 7,233 22,500 30,582
Additions - 408 - 408
At 31 July 2024 849 7,641 22,500 30,990
Depreciation
At 1 August 2023 849 5,721 7,031 13,601
Charge for the year - 370 3,867 4,237
At 31 July 2024 849 6,091 10,898 17,838
Net book value
At 31 July 2024 - 1,550 11,602 13,152
At 31 July 2023 - 1,512 15,469 16,981
4 Debtors 2024 2023
£ £
Other debtors - 3
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 33 -
Taxation and social security costs 2,984 -
Other creditors 5,270 4,262
8,287 4,262
6 Other information
Vernon Harcourt Carpentry Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5B Sunrise Business Park
Higher Shaftesbury Road
Blandford Forum
Dorset
DT11 8ST
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