Courtyard Framing Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 7470504

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		8,971		8,985

			8,971		8,985
CURRENT ASSETS
Stocks	6	46,000		48,880
Debtors	7	37,253		17,722
Cash at bank and in hand		4,107		32,489

		87,360		99,091
Creditors: Amounts Falling Due Within One Year	8	(169,575 )		(104,713 )

NET CURRENT ASSETS (LIABILITIES)			(82,215 )		(5,622 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(73,244 )		3,363

Creditors: Amounts Falling Due After More Than One Year	9		-		(15,886 )

NET LIABILITIES			(73,244 )		(12,523 )

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			(73,344 )		(12,623 )

SHAREHOLDERS' FUNDS			(73,244)		(12,523)

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Courtyard Framing Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit 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.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr William Rayner

Director

28 November 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Courtyard Framing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 7470504 . The registered office is 4 Irnham Road, Minehead, Somerset, TQ24 5DG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25%
Motor Vehicles	25%
Fixtures & Fittings	25%

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2023: 9)

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Courtyard Framing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	35,000

As at 31 December 2024	35,000

Amortisation
As at 1 January 2024	35,000

As at 31 December 2024	35,000

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	-

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 January 2024	12,253	4,650	49,212	66,115
Additions	2,500	-	477	2,977

As at 31 December 2024	14,753	4,650	49,689	69,092

Depreciation
As at 1 January 2024	6,918	1,163	49,049	57,130
Provided during the period	1,959	872	160	2,991

As at 31 December 2024	8,877	2,035	49,209	60,121

Net Book Value
As at 31 December 2024	5,876	2,615	480	8,971

As at 1 January 2024	5,335	3,487	163	8,985

6. Stocks

	2024	2023
	£	£
Stock	46,000	48,880

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	16,147	12,065
Prepayments and accrued income	5,657	5,657
Directors' loan accounts	15,449	-

	37,253	17,722

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Courtyard Framing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	32,875	36,814
Bank loans and overdrafts	59,363	9,864
Corporation tax	(644 )	4,015
Other taxes and social security	3,155	3,155
VAT	13,318	17,378
Other creditors	23,374	28,033
Accruals and deferred income	1,950	1,875
Directors' loan accounts	-	3,579
Amounts owed to other participating interests	36,184	-

	169,575	104,713

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	-	15,886

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mrs Rachael White	-	4,791	-	-	4,791
Mr William Rayner	-	10,658	-	-	10,658

The above loan is unsecured, interest free and repayable on demand.

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