REGISTERED NUMBER: 04854820 (England and Wales)

I & I CARPENTRY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I W Hennen

I V Vaughan

Ms N A Cox

SECRETARY:

Ms N A Cox

REGISTERED OFFICE:

Windrush

Sciviers Lane

Lower Upham

Hampshire

SO32 1HB

REGISTERED NUMBER:

04854820 (England and Wales)

FIXED ASSETS

Tangible assets

4

53,029

84,263

CURRENT ASSETS

Work in progress

443,762

346,222

Debtors

5

264,177

275,014

Cash at bank and in hand

865

5,847

708,804

627,083

CREDITORS

Amounts falling due within one year

6

(506,995

)

(487,243

)

NET CURRENT ASSETS

201,809

139,840

TOTAL ASSETS LESS CURRENT LIABILITIES

254,838

224,103

CREDITORS

Amounts falling due after more than one year

7

(121,322

)

(162,195

)

PROVISIONS FOR LIABILITIES

(10,828

)

(18,481

)

NET ASSETS

122,688

43,427

CAPITAL AND RESERVES

Called up share capital

2,004

2,004

Retained earnings

120,684

41,423

SHAREHOLDERS' FUNDS

122,688

43,427

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

I V Vaughan - Director

1.	STATUTORY INFORMATION

I & I Carpentry Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

Straight line over 3 years

Fixtures and fittings

-

Straight line over 4 years

Motor vehicles

-

Straight line over 4 years

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial assets

The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 November 2024

and 31 October 2025

14,950

3,584

167,578

186,112

DEPRECIATION

At 1 November 2024

14,950

3,502

83,397

101,849

Charge for year

-

75

31,159

31,234

At 31 October 2025

14,950

3,577

114,556

133,083

NET BOOK VALUE

At 31 October 2025

-

7

53,022

53,029

At 31 October 2024

-

82

84,181

84,263

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade debtors

203,180

182,890

Other debtors

60,997

92,124

264,177

275,014

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Bank loans and overdrafts

77,253

108,598

Trade creditors

36,337

84,393

Taxation and social security

105,894

36,502

Other creditors

287,511

257,750

506,995

487,243

Included within creditors due within one year are the following secured debts:

Bank loans - £20,771 (2024: £34,875)

Hire purchase contracts - £19,978 (2024: £27,978)

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as restated

£

£

Bank loans

51,296

79,500

Other creditors

70,026

82,695

121,322

162,195

Included within creditors due after one year are the following secured debts:

Bank loans - £13,796 (2024: £79,500)

Hire purchase contracts - £70,026 (2024: £82,695)

8.	RELATED PARTY DISCLOSURES

JIIG Developments Limited:

An entity with key management personnel in common.

At the date of the balance sheet I & I Carpentry Limited was owed £30,000 (2024: £30,000) by the related party.

No interest has been charged on the loan and the balance is repayable on demand.