Registered number
14491514
Stanpit Carpentry Limited
Filleted Accounts
30 November 2024
Stanpit Carpentry Limited
Registered number: 14491514
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 21,461 24,326
Current assets
Debtors 4 1,633 -
Cash at bank and in hand 3,880 1,680
5,513 1,680
Creditors: amounts falling due within one year 5 (33,523) (24,794)
Net current liabilities (28,010) (23,114)
Net (liabilities)/assets (6,549) 1,212
Capital and reserves
Called up share capital 1 1
Profit and loss account (6,550) 1,211
Shareholder's funds (6,549) 1,212
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.
Adam Butler
Director
Approved by the board on 29 August 2025
Stanpit Carpentry Limited
Notes to the Accounts
for the year ended 30 November 2024
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 asset evenly over its expected useful life, as follows:
Plant and machinery 20% Reducing Balance
Motor vehicles 20% Reducing Balance
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.
Going concern
At the time of approving the financial statements, the directors have assessed the working capital needs of the company and concluded it has adequate resources to continue in operational existence for the foreseeable future and will be able to meet all liabilities as they fall due. The directors have agreed to continue to support the company by providing loans as required. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2023 1,000 26,908 27,908
At 30 November 2024 1,000 26,908 27,908
Depreciation
At 1 December 2023 200 3,382 3,582
Charge for the year 160 2,705 2,865
At 30 November 2024 360 6,087 6,447
Net book value
At 30 November 2024 640 20,821 21,461
At 30 November 2023 800 23,526 24,326
4 Debtors 2024 2023
£ £
Other debtors 1,633 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Directors loan account 31,621 27,884
Corporation Tax 2,018 -
Taxation and social security costs 421 37
Value Added Tax (5,968) (4,127)
Other creditors 5,431 1,000
33,523 24,794
6 Other information
Stanpit Carpentry Limited is a private company limited by shares and incorporated in England.
3 Southwood Avenue
Walkford
Christchurch
BH23 5RJ
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