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Registered number: 08975820
P Deare Carpentry & Joinery Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
TS Partners Ltd
9 High Street
Wellington
Somerset
TA21 8QT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08975820
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 158,147 30,694
Investments 6 4 18,033
158,151 48,727
CURRENT ASSETS
Stocks 7 20,000 20,000
Debtors 8 1,199,832 1,013,102
Cash at bank and in hand 262,900 191,200
1,482,732 1,224,302
Creditors: Amounts Falling Due Within One Year 9 (473,929 ) (474,358 )
NET CURRENT ASSETS (LIABILITIES) 1,008,803 749,944
TOTAL ASSETS LESS CURRENT LIABILITIES 1,166,954 798,671
Creditors: Amounts Falling Due After More Than One Year 10 (98,976 ) (9,482 )
NET ASSETS 1,067,978 789,189
CAPITAL AND RESERVES
Called up share capital 12 90 90
Capital redemption reserve 10 10
Profit and Loss Account 1,067,878 789,089
SHAREHOLDERS' FUNDS 1,067,978 789,189
Page 1
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Phillip Deare
Director
09/12/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
P Deare Carpentry & Joinery Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08975820 . The registered office is Pynes Hill Business Centre, Pynes Hill, Exeter, England, EX2 5JL.
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 - Other Intangible
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 over 3 years
Motor Vehicles over 5 years
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. 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.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 33 (2024: 26)
33 26
4. Intangible Assets
Other
£
Cost
As at 1 April 2024 11,000
As at 31 March 2025 11,000
Amortisation
As at 1 April 2024 11,000
As at 31 March 2025 11,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 33,050 36,053 69,103
Additions 146,804 - 146,804
As at 31 March 2025 179,854 36,053 215,907
...CONTINUED
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Depreciation
As at 1 April 2024 21,567 16,842 38,409
Provided during the period 12,140 7,211 19,351
As at 31 March 2025 33,707 24,053 57,760
Net Book Value
As at 31 March 2025 146,147 12,000 158,147
As at 1 April 2024 11,483 19,211 30,694
6. Investments
Listed
£
Cost or Valuation
As at 1 April 2024 18,033
Additions 43
Disposals (18,872 )
Revaluations 800
As at 31 March 2025 4
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 4
As at 1 April 2024 18,033
7. Stocks
2025 2024
£ £
Stocks 20,000 20,000
8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 810,628 650,449
Other debtors 389,204 362,653
1,199,832 1,013,102
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9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 61,824 -
Trade creditors 63,340 96,717
Bank loans and overdrafts 9,483 45,238
Other creditors 195,111 196,838
Taxation and social security 144,171 135,565
473,929 474,358
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 98,976 -
Bank loans - 9,482
98,976 9,482
11. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 61,824 -
Later than one year and not later than five years 98,976 -
160,800 -
160,800 -
12. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 90 90
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