Registered number
05404363
PK Carpentry Limited
Unaudited Filleted Accounts
31 March 2025
PK Carpentry Limited
Registered number: 05404363
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 9,681 12,933
Current assets
Stocks - 1,195
Debtors 4 17,640 11,363
Cash at bank and in hand 2,262 3,873
19,902 16,431
Creditors: amounts falling due within one year 5 (14,619) (8,449)
Net current assets 5,283 7,982
Total assets less current liabilities 14,964 20,915
Creditors: amounts falling due after more than one year 6 (13,595) (19,418)
Net assets 1,369 1,497
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,367 1,495
Shareholder's funds 1,369 1,497
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr P Kelly
Director
Approved by the board on 23 July 2025
PK Carpentry Limited
Notes to the Accounts
for the year ended 31 March 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 asseton a reducing balance basis, as follows:
Motor vehicles 25%
Plant and machinery 20%
Fixtures, fittings, tools and equipment 33%
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 3,819 23,000 26,819
At 31 March 2025 3,819 23,000 26,819
Depreciation
At 1 April 2024 3,554 10,332 13,886
Charge for the year 85 3,167 3,252
At 31 March 2025 3,639 13,499 17,138
Net book value
At 31 March 2025 180 9,501 9,681
At 31 March 2024 265 12,668 12,933
4 Debtors 2025 2024
£ £
Director's loan 13,189 5,891
s455 tax 4,451 5,472
17,640 11,363
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 3,132 3,055
Obligations under finance lease and hire purchase contracts 2,691 1,961
Trade creditors 1,142 1,140
Taxation and social security costs 7,654 2,293
14,619 8,449
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 796 3,928
Obligations under finance lease and hire purchase contracts 12,799 15,490
13,595 19,418
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr P Kelly
Cash advances repayable on demand. Interest paid to company on balance at 2.25% 5,891 13,189 (5,891) 13,189
5,891 13,189 (5,891) 13,189
8 Other information
PK Carpentry Limited is a private company limited by shares and incorporated in England. Its registered office is:
Hopkin, The Heath
Lavenham Road
Great Waldingfield
Suffolk
CO10 0SA
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