Registration number:
Smiley Carpentry Limited
for the Year Ended 31 October 2024
Smiley Carpentry Limited
Contents
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Company Information |
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Accountants' Report |
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Profit and Loss Account |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
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Detailed Profit and Loss Account |
Smiley Carpentry Limited
Company Information
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Directors |
Mrs E C Smiley Mr G D Smiley |
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Registered office |
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Accountants |
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Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Smiley Carpentry Limited
for the Year Ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Smiley Carpentry Limited for the year ended 31 October 2024 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Smiley Carpentry Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Smiley Carpentry Limited and state those matters that we have agreed to state to the Board of Directors of Smiley Carpentry Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Smiley Carpentry Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Smiley Carpentry Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Smiley Carpentry Limited. You consider that Smiley Carpentry Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Smiley Carpentry Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Newmarket
Suffolk
CB8 0AP
Smiley Carpentry Limited
Profit and Loss Account for the Year Ended 31 October 2024
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2024 |
2023 |
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Turnover |
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Cost of raw materials and consumables |
( |
( |
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Staff costs |
( |
( |
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Depreciation and other amounts written off assets |
( |
( |
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Other charges |
(42,174) |
(38,293) |
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Profit before tax |
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Tax on profit |
( |
( |
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Profit for the year |
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Smiley Carpentry Limited
(Registration number: 12934685)
Balance Sheet as at 31 October 2024
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2024 |
2023 |
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Fixed assets |
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Current assets |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets/(liabilities) |
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( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
- |
( |
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Capital and reserves |
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General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
England
These financial statements were authorised for issue by the
Basis of preparation
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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• |
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Smiley Carpentry Limited
(Registration number: 12934685)
Balance Sheet as at 31 October 2024
Approved and authorised by the
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Smiley Carpentry Limited
Detailed Profit and Loss Account for the Year Ended 31 October 2024
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2024 |
2023 |
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turnover (analysed below) |
436,628 |
372,486 |
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Cost of sales (analysed below) |
(203,583) |
(141,455) |
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Gross profit |
233,045 |
231,031 |
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Gross profit (%) |
53.37% |
62.02% |
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Administrative expenses |
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Employment costs (analysed below) |
(89,595) |
(90,543) |
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Establishment costs (analysed below) |
(6,191) |
(4,042) |
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General administrative expenses (analysed below) |
(34,272) |
(31,502) |
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Finance charges (analysed below) |
(1,711) |
(385) |
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Depreciation costs (analysed below) |
(3,754) |
(4,693) |
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(135,523) |
(131,165) |
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Operating profit |
97,522 |
99,866 |
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Interest payable and similar charges (analysed below) |
- |
(2,364) |
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Profit before tax |
97,522 |
97,502 |
Smiley Carpentry Limited
Detailed Profit and Loss Account for the Year Ended 31 October 2024
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2024 |
2023 |
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Turnover |
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Sale of goods, UK |
436,628 |
372,486 |
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Cost of sales |
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Opening work in progress |
(44,250) |
- |
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Purchases |
(104,927) |
(115,555) |
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Closing work in progress |
19,957 |
44,250 |
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Subcontract cost |
(70,485) |
(70,150) |
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Hire of other assets (Spot hire) |
(3,878) |
- |
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(203,583) |
(141,455) |
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Employment costs |
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Wages and salaries (excluding directors) |
(64,455) |
(65,403) |
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Directors remuneration |
(25,140) |
(25,140) |
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(89,595) |
(90,543) |
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Establishment costs |
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Insurance |
(963) |
(395) |
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Use of home as office |
(960) |
(960) |
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Repairs and renewals |
(4,268) |
(2,687) |
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(6,191) |
(4,042) |
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General administrative expenses |
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Telephone and fax |
(3,208) |
(1,663) |
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Computer software and maintenance costs |
(240) |
(240) |
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Printing, postage and stationery |
(258) |
(146) |
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Trade subscriptions |
(728) |
- |
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Hire of plant and machinery (Spot hire) |
- |
(1,444) |
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Sundry expenses |
(1,599) |
(40) |
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Cleaning |
(2,923) |
(1,699) |
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Motor expenses |
(17,479) |
(15,581) |
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Travel and subsistence |
(344) |
(194) |
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Advertising |
(1,368) |
(25) |
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Customer entertaining (disallowable for tax) |
(586) |
(362) |
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Accountancy fees |
(4,385) |
(3,960) |
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Consultancy fees |
- |
(6,148) |
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Legal and professional fees |
(1,154) |
- |
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(34,272) |
(31,502) |
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Finance charges |
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Bank charges |
(1,711) |
(385) |
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Depreciation costs |
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Depreciation of motor vehicles (owned) |
(3,754) |
(4,693) |
Smiley Carpentry Limited
Detailed Profit and Loss Account for the Year Ended 31 October 2024
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2024 |
2023 |
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Interest payable and similar expenses |
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Hire purchase interest |
- |
(901) |
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Other interest payable |
- |
(1,463) |
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- |
(2,364) |