Registered number
14123953
SN Joinery and Carpentry Services Ltd
Filleted Accounts
31 May 2025
SN Joinery and Carpentry Services Ltd
Registered number: 14123953
Balance Sheet
as at 31 May 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 - 18,254
Current assets
Debtors 5 13,564 56,210
Cash at bank and in hand 1,740 8,153
15,304 64,363
Creditors: amounts falling due within one year 6 (7,651) (30,308)
Net current assets 7,653 34,055
Total assets less current liabilities 7,653 52,309
Creditors: amounts falling due after more than one year 7 - (1,849)
Net assets 7,653 50,460
Capital and reserves
Called up share capital 100 100
Profit and loss account 7,553 50,360
Shareholders' funds 7,653 50,460
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sergio De Freitas Noite
Director
Approved by the board on 13 July 2025
SN Joinery and Carpentry Services Ltd
Notes to the Accounts
for the year ended 31 May 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Going Concern
The Financial statement are prepared other than going concern basis.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
3 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2024 13,006 18,795 31,801
Additions 5,000 - 5,000
Disposals (8,252) (8,228) (16,480)
At 31 May 2025 9,754 10,567 20,321
Depreciation
At 1 June 2024 6,503 7,044 13,547
Charge for the year 3,251 3,523 6,774
At 31 May 2025 9,754 10,567 20,321
Net book value
At 31 May 2025 - - -
At 31 May 2024 6,503 11,751 18,254
5 Debtors 2025 2024
£ £
Trade debtors - 45,247
CIS Control Tax 10,314 7,258
VAT Debtor 3,250 3,705
13,564 56,210
6 Creditors: amounts falling due within one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 1,849 6,743
Trade creditors - 3,335
Taxation and social security costs 616 13,220
Other creditors 5,186 7,010
7,651 30,308
7 Creditors: amounts falling due after one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts - 1,849
8 Other information
SN Joinery and Carpentry Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
62 Dunelm Grove
London
SE27 9JZ
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