QUARTERSAWN CARPENTRY AND BUILDING LIMITED
Balance Sheet
as at 31 March 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  |  | 43,058 |  |  | 35,929
Current assets
Stocks |  |  | 600 |  |  | 600
Debtors | 4 |  | 309 |  |  | 160
Cash at bank and in hand |  |  | 25,160 |  |  | 35,238
|  |  | 26,069 |  |  | 35,998
Creditors: amounts falling due within one year | 5 |  | (26,942) |  |  | (28,150)
Net current (liabilities)/assets |  |  |  | (873) |  |  | 7,848
Total assets less current liabilities |  |  |  | 42,185 |  |  | 43,777
Creditors: amounts falling due after more than one year | 6 |  |  | (8,315) |  |  | (15,102)
Provisions for liabilities |  |  |  | (8,181) |  |  | (6,826)
Net assets |  |  |  | 25,689 |  |  | 21,849
Capital and reserves
Called up share capital |  |  |  | 100 |  |  | 100
Profit and loss account |  |  |  | 25,589 |  |  | 21,749
Shareholders' funds |  |  |  | 25,689 |  |  | 21,849
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
MRS. E. FITZPATRICK
Director
Approved by the board on 7 December 2025

QUARTERSAWN CARPENTRY AND BUILDING 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 rendering of services. Turnover from the sale of goods and services is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
| 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, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
| Plant and machinery | 20% reducing balance basis
| Office equipment | 25% reducing balance basis
| Debtors
| Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. 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. Current and deferred tax assets and liabilities are not discounted.
| Leased assets
| A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 3 |  | 3
3 | Tangible fixed assets
|  |  |  | Plant, machinery and office equipment |  | Motor vehicles |  | Total
£ | £ | £
| Cost
| At 1 April 2024 | 44,375 |  | 19,990 |  | 64,365
| Additions | 9,499 |  | 7,995 |  | 17,494
| At 31 March 2025 | 53,874 |  | 27,985 |  | 81,859
| Depreciation
| At 1 April 2024 | 16,704 |  | 11,732 |  | 28,436
| Charge for the year | 6,302 |  | 4,063 |  | 10,365
| At 31 March 2025 | 23,006 |  | 15,795 |  | 38,801
| Net book value
| At 31 March 2025 | 30,868 |  | 12,190 |  | 43,058
| At 31 March 2024 | 27,671 |  | 8,258 |  | 35,929
4 | Debtors | 2025 |  | 2024
£ | £
| Trade debtors | 309 |  | 160
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Bank loan account (unsecured) | 3,393 |  | 2,405
| Obligations under finance lease and hire purchase contracts (secured) |  | 5,042 |  | 4,633
| Trade creditors | 4,355 |  | 5,852
| Taxes and social security costs | 10,778 |  | 12,142
| Other creditors | 3,374 |  | 3,118
|  |  |  |  |  | 26,942 |  | 28,150
6 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Bank loan account (unsecured) | 2,864 |  | 4,609
| Obligations under finance lease and hire purchase contracts (secured) |  | 5,451 |  | 10,493
|  |  |  |  |  | 8,315 |  | 15,102
7 | Controlling party
| The directors of the company, Mr. and Mrs. Fitzpatrick own 60% and 40% respectively of the issued share capital in the company.
8 | Other information
| QUARTERSAWN CARPENTRY AND BUILDING LIMITED is a private company limited by shares and incorporated in England (Company Number 10079923). Its registered office is Drumble Cottage, Stallington Road, Blythe Bridge, Stoke-on-Trent, Staffordshire. ST11 9QH .

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