Balance sheet continued

As at 30 April 2025

For the year ending 30 April 2025 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 30 April 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover represents amounts receivable for sales of kitchen and bedroom units net of VAT.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are stated at cost less depreciation.
  Depreciation is calculated at the following rates to write off the cost of the asset, less its residual value, over its estimated useful economic lifetime:
  Value Improvement to leasehold property (Land and Buildings) - 5% of cost
  Plant and Machinery - 3 year straight line.
  Office Equipment - 3 year staight line.
  Motor Vehicles - 25% Written down value.

  Valuation information and policy

  Stocks are valued at the lower of cost and net realisable value, after making allowances for obsolete and slow-moving items. Costs include all direct expenditure and overheads.

  Other accounting policies

  Deferred Tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.