Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31false2023-11-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12834273 2023-11-01 2024-10-31 12834273 2022-11-01 2023-10-31 12834273 2024-10-31 12834273 2023-10-31 12834273 2022-11-01 12834273 c:Director1 2023-11-01 2024-10-31 12834273 c:Director2 2023-11-01 2024-10-31 12834273 d:PlantMachinery 2023-11-01 2024-10-31 12834273 d:PlantMachinery 2024-10-31 12834273 d:PlantMachinery 2023-10-31 12834273 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 12834273 d:MotorVehicles 2023-11-01 2024-10-31 12834273 d:MotorVehicles 2024-10-31 12834273 d:MotorVehicles 2023-10-31 12834273 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 12834273 d:OfficeEquipment 2023-11-01 2024-10-31 12834273 d:OfficeEquipment 2024-10-31 12834273 d:OfficeEquipment 2023-10-31 12834273 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 12834273 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 12834273 d:CurrentFinancialInstruments 2024-10-31 12834273 d:CurrentFinancialInstruments 2023-10-31 12834273 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 12834273 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12834273 d:ShareCapital 2023-11-01 2024-10-31 12834273 d:ShareCapital 2024-10-31 12834273 d:ShareCapital 2022-11-01 2023-10-31 12834273 d:ShareCapital 2023-10-31 12834273 d:ShareCapital 2022-11-01 12834273 d:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 12834273 d:RetainedEarningsAccumulatedLosses 2024-10-31 12834273 d:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 12834273 d:RetainedEarningsAccumulatedLosses 2023-10-31 12834273 d:RetainedEarningsAccumulatedLosses 2022-11-01 12834273 c:FRS102 2023-11-01 2024-10-31 12834273 c:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 12834273 c:FullAccounts 2023-11-01 2024-10-31 12834273 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12834273 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 12834273










NORFOLK CARPENTRY & PROPERTY LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 OCTOBER 2024

 
NORFOLK CARPENTRY & PROPERTY LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF NORFOLK CARPENTRY & PROPERTY LTD
FOR THE PERIOD ENDED 31 OCTOBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Norfolk Carpentry & Property Ltd for the Period ended 31 October 2024 which comprise  the Balance Sheet, the Statement of Changes in Equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Norfolk Carpentry & Property Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Norfolk Carpentry & Property Ltd and state those matters that we have agreed to state to the Board of Directors of Norfolk Carpentry & Property Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Norfolk Carpentry & Property Ltd and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Norfolk Carpentry & Property Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Norfolk Carpentry & Property Ltd. You consider that Norfolk Carpentry & Property Ltd is exempt from the statutory audit requirement for the Period.

We have not been instructed to carry out an audit or review of the financial statements of Norfolk Carpentry & Property Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
6 March 2025
Page 1

 
NORFOLK CARPENTRY & PROPERTY LTD
REGISTERED NUMBER: 12834273

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
17,421
20,935

  
17,421
20,935

Current assets
  

Stocks
 5 
-
40,419

Debtors: amounts falling due within one year
 6 
5,961
1,078

Cash at bank and in hand
 7 
5,124
8,287

  
11,085
49,784

Creditors: amounts falling due within one year
 8 
(28,473)
(22,133)

Net current (liabilities)/assets
  
 
 
(17,388)
 
 
27,651

Total assets less current liabilities
  
33
48,586

  

Net assets
  
33
48,586


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
31
48,584

  
33
48,586


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 March 2025.


Page 2

 
NORFOLK CARPENTRY & PROPERTY LTD
REGISTERED NUMBER: 12834273
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024



Andrew Delf
Justin Hawes
Director
Director

The notes on pages 6 to 10 form part of these financial statements.

Page 3

 
NORFOLK CARPENTRY & PROPERTY LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 OCTOBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 November 2023
2
48,584
48,586


Comprehensive income for the Period

Loss for the Period

-
(48,553)
(48,553)


Other comprehensive income for the Period
-
-
-


Total comprehensive income for the Period
-
(48,553)
(48,553)


Total transactions with owners
-
-
-


At 31 October 2024
2
31
33


The notes on pages 6 to 10 form part of these financial statements.

Page 4

 
NORFOLK CARPENTRY & PROPERTY LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 OCTOBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 November 2022
2
30,970
30,972


Comprehensive income for the year

Profit for the year

-
19,614
19,614


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
19,614
19,614


Contributions by and distributions to owners

Dividends: Equity capital
-
(2,000)
(2,000)


Total transactions with owners
-
(2,000)
(2,000)


At 31 October 2023
2
48,584
48,586


The notes on pages 6 to 10 form part of these financial statements.

Page 5

 
NORFOLK CARPENTRY & PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

1.


General information

The company is a private company limited by shares. It is both incorporated and domiciled in England and Wales. The address of it's registered office is 24a St Leger, Long Stratton, Norwich, Norfolk, NR15 2SY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 6

 
NORFOLK CARPENTRY & PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance
Motor vehicles
-
Office equipment
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 7

 
NORFOLK CARPENTRY & PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 8

 
NORFOLK CARPENTRY & PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

3.


Employees

2024
2023
£
£

Wages and salaries
71,850
83,938

71,850
83,938


The average monthly number of employees, including the directors, during the Period was as follows:


        2024
        2023
            No.
            No.







.
2
2


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 November 2023
33,695
-
799
34,494


Additions
6,925
22,273
410
29,608


Disposals
(23,081)
(11,136)
(799)
(35,016)



At 31 October 2024

17,539
11,137
410
29,086



Depreciation


At 1 November 2023
13,097
-
463
13,560


Charge for the Period on owned assets
5,843
5,568
103
11,514


Disposals
(10,162)
(2,784)
(463)
(13,409)



At 31 October 2024

8,778
2,784
103
11,665



Net book value



At 31 October 2024
8,761
8,353
307
17,421



At 31 October 2023
20,598
-
337
20,935

Page 9

 
NORFOLK CARPENTRY & PROPERTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

5.


Stocks

2024
2023
£
£

Raw materials and consumables
-
14,000

Work in progress (goods to be sold)
-
26,419

-
40,419



6.


Debtors

2024
2023
£
£


Trade debtors
1,550
1,078

Other debtors
4,411
-

5,961
1,078



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
5,124
8,287

5,124
8,287



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
4,411

Other taxation and social security
6,083
3,426

Other creditors
20,626
14,296

Accruals and deferred income
1,764
-

28,473
22,133


 
Page 10