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REGISTERED NUMBER: 10918948 (England and Wales)















R & L CARPENTRY PENARTH LTD

Unaudited Financial Statements

for the Year Ended 31 August 2024






R & L CARPENTRY PENARTH LTD (REGISTERED NUMBER: 10918948)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R & L CARPENTRY PENARTH LTD

Company Information
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: R A Lakin
A A Reid





SECRETARY: R A Lakin





REGISTERED OFFICE: Celtic House
11-12 Vanguard Way
CARDIFF
County of Cardiff
CF24 5PJ





REGISTERED NUMBER: 10918948 (England and Wales)





ACCOUNTANTS: MHA (trading name of MHA Advisory Limited)
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

R & L CARPENTRY PENARTH LTD (REGISTERED NUMBER: 10918948)

Balance Sheet
31 AUGUST 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 54,737 27,571

CURRENT ASSETS
Debtors 5 348,519 291,084
Cash at bank 124,448 43,501
472,967 334,585
CREDITORS
Amounts falling due within one year 6 (320,943 ) (216,829 )
NET CURRENT ASSETS 152,024 117,756
TOTAL ASSETS LESS CURRENT
LIABILITIES

206,761

145,327

CREDITORS
Amounts falling due after more than one
year

7

(7,500

)

(17,464

)

PROVISIONS FOR LIABILITIES (13,684 ) (6,893 )
NET ASSETS 185,577 120,970

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 185,477 120,870
SHAREHOLDERS' FUNDS 185,577 120,970

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





R A Lakin - Director


R & L CARPENTRY PENARTH LTD (REGISTERED NUMBER: 10918948)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

R & L Carpentry Penarth 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.

The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied unless otherwise stated.

2. ACCOUNTING POLICIES

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

There have been no material departures from Financial Reporting Standard 102 1A.

TURNOVER
Turnover represents the fair value of services provided under contract during the period under review. Turnover is recognised as contract activity progresses and the right to consideration is earned. Fair value reflects the amount expected to be recoverable from clients and is based on time spent and expenses incurred. Turnover excludes value added tax.

Uninvoiced turnover on individual contracts is included in debtors. Where individual on-account billings exceed revenue recognised on client assignments, the excess is included as deferred income in creditors.

TANGIBLE FIXED ASSETS
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at rates calculated to write off fixed assets, less their estimate residual value, over their expected useful lives on the following bases:

Fixtures & fittings- 33% on cost
Motor vehicles- 25% on cost

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

R & L CARPENTRY PENARTH LTD (REGISTERED NUMBER: 10918948)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued

DEBTORS AND CREDITORS RECEIVABLE / PAYABLE WITHIN ONE YEAR
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures Motor
& fittings vehicles Totals
£    £    £   
COST
At 1 September 2023 1,213 108,028 109,241
Additions - 47,688 47,688
Disposals - (3,700 ) (3,700 )
At 31 August 2024 1,213 152,016 153,229
DEPRECIATION
At 1 September 2023 1,213 80,457 81,670
Charge for year - 20,522 20,522
Eliminated on disposal - (3,700 ) (3,700 )
At 31 August 2024 1,213 97,279 98,492
NET BOOK VALUE
At 31 August 2024 - 54,737 54,737
At 31 August 2023 - 27,571 27,571

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 301,545 245,521
Other debtors 46,662 44,263
Directors' loan accounts 312 1,300
348,519 291,084

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 2,025
Trade creditors 175,573 129,258
Corporation tax 16,905 13,544
Social security and other taxes 5,983 6,657
VAT 41,746 8,433
Other creditors 67,236 41,287
Accruals and deferred income 3,500 5,625
320,943 216,829

R & L CARPENTRY PENARTH LTD (REGISTERED NUMBER: 10918948)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 7,500 10,000
Bank loans - 2-5 years - 7,464
7,500 17,464

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 2,025

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and withdrawals to a director subsisted during the year ended 31 August 2024 and the year ended 31 August 2023:

20242023
£   £   
Balance outstanding at start of year 1,300100,156
Amounts advanced-1,900
Amounts withdrawn(988)(100,756)
Balance outstanding at end of year 3121,300

No interest has been charged on this loan.

11. RELATED PARTY DISCLOSURES

At 31 August 2024 the following related party loan balances existed:

31.08.2431.08.23
£   £   
Other related parties
Debtors: Amounts falling due within one year (other debtors)46,66239,134

Creditors: Amounts falling due within one year (other creditors)60,00022,000

No interest has been charged on the above loans.