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Registered number: 04832636
S McCarthy Carpentry Limited
Unaudited Financial Statements
For The Year Ended 31 July 2025
Daverns
Chartered Accountants
Hardy House
Northbridge Road
Berkhamsted
Herts
HP4 1EF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04832636
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 34,984 8,541
34,984 8,541
CURRENT ASSETS
Debtors 5 35,436 35,465
Cash at bank and in hand 7,358 5,032
42,794 40,497
Creditors: Amounts Falling Due Within One Year 6 (77,501 ) (34,519 )
NET CURRENT ASSETS (LIABILITIES) (34,707 ) 5,978
TOTAL ASSETS LESS CURRENT LIABILITIES 277 14,519
Creditors: Amounts Falling Due After More Than One Year 7 (2,293 ) (11,843 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (6,647 ) (1,623 )
NET (LIABILITIES)/ASSETS (8,663 ) 1,053
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (8,763 ) 953
SHAREHOLDERS' FUNDS (8,663) 1,053
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Page 2
For the year ending 31 July 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 Steve McCarthy
Director
28th July 2026
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
S McCarthy Carpentry Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04832636 . The registered office is Hardy House, Northbridge Road , Berkhamsted, Herts, HP4 1EF.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Motor Vehicles 25% reducing balance
2.5. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company contributes to a work place pension scheme (NEST) in line with its obligations under auto enrolement. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 2 2
2 2
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 August 2024 26,995
Additions 38,105
As at 31 July 2025 65,100
Depreciation
As at 1 August 2024 18,454
Provided during the period 11,662
As at 31 July 2025 30,116
Net Book Value
As at 31 July 2025 34,984
As at 1 August 2024 8,541
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 34,650 34,650
Prepayments and accrued income 786 815
35,436 35,465
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 5,211 1,226
Bank loans and overdrafts 9,989 9,989
Corporation tax - 7,222
Other taxes and social security 1,736 4,457
Other creditors 30,810 1,707
Accruals and deferred income 8,000 8,637
Director's loan account 21,755 1,281
77,501 34,519
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7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 2,293 11,843
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 6,647 1,623
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 August 2024 1,623 1,623
Additions 5,024 5,024
Balance at 31 July 2025 6,647 6,647
10. Share Capital
2025 2024
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1 each 100 100
11. Directors Advances, Credits and Guarantees
Dividends paid to directors
2025 2024
£ £
Mr Steve McCarthy - 14,000
12. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid - 28,000
13. Controlling Party
The company is controlled by the director, S McCarthy, who has a beneficial interest in 100% of the share capital of the company
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