Registered number |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2024 | 2023 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 | ||||||
Current assets | |||||||
Stocks | |||||||
Debtors | 4 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 5 | ( |
( |
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Net current liabilities | ( |
( |
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Total assets less current liabilities | |||||||
Creditors: amounts falling due after more than one year | 6 | ( |
( |
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Provisions for liabilities | ( |
( |
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Net assets | |||||||
Capital and reserves | |||||||
Called up share capital | |||||||
Profit and loss account | |||||||
Shareholders' funds | |||||||
A Prosser | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Going concern | ||||||||
The directors have a reasonable expectation that the company has adequate resources, liquidity and bank facilities to continue in operational existence for the foreseeable future. They are thus continuing to prepare these financial statements on the basis of the company being a going concern. | ||||||||
Turnover | ||||||||
Tangible fixed assets | ||||||||
Freehold buildings | over 50 years | |||||||
Plant and machinery | over 4 years | |||||||
Motor vehicles | 25% reducing balance | |||||||
Stocks | ||||||||
Debtors | ||||||||
Creditors | ||||||||
Taxation | ||||||||
Leased assets | ||||||||
Pensions | ||||||||
2 | Employees | 2024 | 2023 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Tangible fixed assets | |||||||
Land and buildings | Plant and machinery etc | Motor vehicles | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 1 September 2023 | ||||||||
Additions | - | |||||||
Disposals | - | - | ( |
( |
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At 31 August 2024 | ||||||||
Depreciation | ||||||||
At 1 September 2023 | ||||||||
Charge for the year | ||||||||
On disposals | - | - | ( |
( |
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At 31 August 2024 | ||||||||
Net book value | ||||||||
At 31 August 2024 | ||||||||
At 31 August 2023 | ||||||||
4 | Debtors | 2024 | 2023 | |||||
£ | £ | |||||||
Trade debtors | ||||||||
Other debtors | ||||||||
Included in other debtors are prepayments and accrued income of £2,909 (2023: £4,813). | ||||||||
5 | Creditors: amounts falling due within one year | 2024 | 2023 | |||||
£ | £ | |||||||
Bank and other loans | ||||||||
Obligations under finance lease and hire purchase contracts | ||||||||
Trade creditors | ||||||||
Taxation and social security costs | ||||||||
Other creditors | ||||||||
Included in other creditors are accruals of £16,054 (2023: £19,838) | ||||||||
6 | Creditors: amounts falling due after one year | 2024 | 2023 | |||||
£ | £ | |||||||
Bank and other loans | ||||||||
Obligations under finance lease and hire purchase contracts | ||||||||
7 | Secured creditors | |||||||
The facilities granted to the company by its bankers, National Westminster Bank PLC, are secured by a fixed charge over the company’s land, property, and plant and machinery, and by a floating charge over all other assets, property, and rights of the company, present and future, that are not subject to a fixed charge. Included within other loans within one year is a loan of £150,000 (2023: £150,000) from R Burnell, which is secured by a charge over Unit 3E, Apollo Office Park, OX15 6AY. Included within creditors are hire purchase agreements totalling £87,775 (2023: £44,283), which are secured on the related assets. |
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8 | Share capital | 2024 | 2023 | |||||
£ | £ | |||||||
Allotted, called up and paid up share capital | ||||||||
75 A ordinary shares of £0.01 each | 1 | 1 | ||||||
50 B ordinary shares of £0.01 each | 1 | 1 | ||||||
25 C ordinary shares of £0.01 each | - | - | ||||||
50 D ordinary shares of £0.01 each | - | - | ||||||
2 | 2 | |||||||
9 | Other financial commitments | 2024 | 2023 | |||||
£ | £ | |||||||
Total future minimum payments under non-cancellable operating leases | ||||||||
10 | Loans to directors | |||||||
Description and conditions | B/fwd | Paid | Repaid | C/fwd | ||||
- | ( |
- | ||||||
- | ( |
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- | ( |
- | ||||||
- | ( |
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34,307 | 83,833 | (76,024) | 42,116 | |||||
During the year, the company advanced loans to two directors. The maximum amounts outstanding during the year were £44,433 (2023: £44,477) and £32,733 (2023: £30,388), respectively. Interest has been charged on these loans at the HM Revenue & Customs authorised rate for beneficial loans. There are no fixed terms of repayment. The total amount outstanding at the balance sheet date was £42,116 (2023: £34,307), which is included within other debtors. |
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11 | Other information | |||||||
Prosser Carpentry & Building Ltd is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
Unit 3e Apollo Office Park | ||||||||
Ironstone Lane | ||||||||
Banbury | ||||||||
Oxfordshire | ||||||||
OX15 6AY |