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REGISTERED NUMBER: 14596567 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st January 2025

for

Wizard Carpentry Ltd

Wizard Carpentry Ltd (Registered number: 14596567)






Contents of the Financial Statements
for the Year Ended 31st January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wizard Carpentry Ltd

Company Information
for the Year Ended 31st January 2025







DIRECTORS: D Clayton
J McKenzie





REGISTERED OFFICE: Station View House
41 Brunswick Road
Shoreham-By-Sea
BN43 5WA





REGISTERED NUMBER: 14596567 (England and Wales)





ACCOUNTANTS: Cloud Concepts Accounting Ltd
Station View House
41 Brunswick Road
Shoreham By Sea
West Sussex
BN43 5WA

Wizard Carpentry Ltd (Registered number: 14596567)

Balance Sheet
31st January 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,239 1,466

CURRENT ASSETS
Stocks 30,460 5,233
Debtors 5 12,730 3,702
Cash at bank 1,484 6,290
44,674 15,225
CREDITORS
Amounts falling due within one year 6 (46,819 ) (16,290 )
NET CURRENT LIABILITIES (2,145 ) (1,065 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,094

401

CREDITORS
Amounts falling due after more than one
year

7

(450

)

-

PROVISIONS FOR LIABILITIES 8 (615 ) (279 )
NET ASSETS 29 122

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (71 ) 22
SHAREHOLDERS' FUNDS 29 122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Wizard Carpentry Ltd (Registered number: 14596567)

Balance Sheet - continued
31st January 2025


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd May 2025 and were signed on its behalf by:




D Clayton - Director



J McKenzie - Director


Wizard Carpentry Ltd (Registered number: 14596567)

Notes to the Financial Statements
for the Year Ended 31st January 2025

1. STATUTORY INFORMATION

Wizard Carpentry Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Wizard Carpentry Ltd (Registered number: 14596567)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2024 1,955
Additions 2,852
At 31st January 2025 4,807
DEPRECIATION
At 1st February 2024 489
Charge for year 1,079
At 31st January 2025 1,568
NET BOOK VALUE
At 31st January 2025 3,239
At 31st January 2024 1,466

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 9,130 -
Other debtors 3,600 3,702
12,730 3,702

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors - 8,184
Taxation and social security 22,170 6,488
Other creditors 24,649 1,618
46,819 16,290

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Other creditors 450 -

Wizard Carpentry Ltd (Registered number: 14596567)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2025

8. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 615 279

Deferred
tax
£   
Balance at 1st February 2024 279
Capital allowances in advance 336
of depreciation
Balance at 31st January 2025 615