REGISTERED NUMBER: 04355565 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

L K CARPENTRY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L Karadzas

REGISTERED OFFICE:

44 Brangwyn Drive

Brighton

East Sussex

BN1 8XD

REGISTERED NUMBER:

04355565 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

3

12,098

11,482

CURRENT ASSETS

Debtors

4

367,123

387,530

Cash at bank

7,369

84,787

374,492

472,317

CREDITORS

Amounts falling due within one year

5

205,836

196,632

NET CURRENT ASSETS

168,656

275,685

TOTAL ASSETS LESS CURRENT LIABILITIES

180,754

287,167

CREDITORS

Amounts falling due after more than one year

6

(4,167

)

(14,167

)

PROVISIONS FOR LIABILITIES

(2,299

)

(2,870

)

NET ASSETS

174,288

270,130

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

174,188

270,030

SHAREHOLDERS' FUNDS

174,288

270,130

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2025 and were signed by:

L Karadzas - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred taxation is provided in full on timing differences which represent a liability at the balance sheet date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. Deferred tax assets and liabilities are not discounted.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 7 ) .

3.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2024

24,149

3,602

12,414

7,355

47,520

Additions

4,319

-

-

-

4,319

At 31 January 2025

28,468

3,602

12,414

7,355

51,839

DEPRECIATION

At 1 February 2024

14,934

3,090

11,912

6,102

36,038

Charge for year

2,726

258

126

593

3,703

At 31 January 2025

17,660

3,348

12,038

6,695

39,741

NET BOOK VALUE

At 31 January 2025

10,808

254

376

660

12,098

At 31 January 2024

9,215

512

502

1,253

11,482

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

44,040

68,508

Other debtors

323,083

319,022

367,123

387,530

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

31,580

67,478

Taxation and social security

51,138

105,164

Other creditors

113,118

13,990

205,836

196,632

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

4,167

14,167

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

£

L Karadzas

Balance outstanding at start of year

-

30,349

Amounts advanced

134,027

15,847

Amounts repaid

(134,027

)

(46,196

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

During the year, the loan has been charged 2.25% interest and has been fully repaid. The balance at year-end is £nil.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L Karadzas.

This was by virtue of his 100% holding of the issued share capital.