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Company Registration No. 07396438 (England and Wales)
J & L Carpentry Limited Unaudited accounts for the year ended 31 October 2024
J & L Carpentry Limited Unaudited accounts Contents
Page
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J & L Carpentry Limited Company Information for the year ended 31 October 2024
Directors
Jack Nugent Adam Nugent John Nugent Lorraine Nugent
Company Number
07396438 (England and Wales)
Registered Office
2 FOUNTAIN COURT VICTORIA SQUARE ST ALBANS AL1 3TF UNITED KINGDOM
Accountants
Mayflower Accountancy & Tax Limited Unit A, Angel Business Centre 1 Luton Road Toddington Bedfordshire LU5 6DE
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J & L Carpentry Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,710 
3,634 
Current assets
Debtors
2,457,721 
2,092,393 
Cash at bank and in hand
- 
5,049 
2,457,721 
2,097,442 
Creditors: amounts falling due within one year
(1,895,708)
(1,436,595)
Net current assets
562,013 
660,847 
Total assets less current liabilities
566,723 
664,481 
Creditors: amounts falling due after more than one year
(350,412)
(389,052)
Provisions for liabilities
Deferred tax
(896)
(691)
Net assets
215,415 
274,738 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
215,215 
274,538 
Shareholders' funds
215,415 
274,738 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by
Jack Nugent Director Company Registration No. 07396438
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J & L Carpentry Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
J & L Carpentry Limited is a private company, limited by shares, registered in England and Wales, registration number 07396438. The registered office is 2 FOUNTAIN COURT, VICTORIA SQUARE, ST ALBANS, AL1 3TF, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Computer equipment
25% Straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion. Inventories have been restated from the prior year to zero as this relates to amounts due under contracts. There are currently no inventories held as at the year end date.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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J & L Carpentry Limited Notes to the Accounts for the year ended 31 October 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
8,960 
7,681 
16,641 
Additions
- 
2,497 
2,497 
At 31 October 2024
8,960 
10,178 
19,138 
Depreciation
At 1 November 2023
8,338 
4,669 
13,007 
Charge for the year
387 
1,034 
1,421 
At 31 October 2024
8,725 
5,703 
14,428 
Net book value
At 31 October 2024
235 
4,475 
4,710 
At 31 October 2023
622 
3,012 
3,634 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
27,966 
35,403 
Trade debtors
1,960,709 
1,285,867 
Accrued income and prepayments
- 
3,699 
Other debtors
- 
732 
1,988,675 
1,325,701 
Amounts falling due after more than one year
Accrued income and prepayments
56,332 
310,383 
Other debtors
412,714 
456,309 
469,046 
766,692 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
854,766 
774,904 
VAT
(729)
- 
Trade creditors
584,490 
244,205 
Taxes and social security
133,291 
121,881 
Other creditors
223,933 
175,324 
Loans from directors
97,457 
54,850 
Accruals
2,500 
65,431 
1,895,708 
1,436,595 
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J & L Carpentry Limited Notes to the Accounts for the year ended 31 October 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
31,912 
21,264 
Other creditors
- 
(6,212)
Loans from directors
318,500 
374,000 
350,412 
389,052 
8
Contingent liabilities
The carrying amount of debt factoring at year end is £828,322 (2023: 764,256). The loan is secured on the trade debtors to which it relates.
9
Transactions with related parties
There is a related party loan of £318,500 (2023: £374,000). Interest is charged at 7.15% per annum and repayable on demand.
10
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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