Queensway Carpentry Ltd - Filleted accounts

Queensway Carpentry Ltd
Registered number:		05697658
Statement of Financial Position
as at 28 February 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		3,947			5,263

Current assets
Debtors	4	159,823			141,354
Cash at bank and in hand		408			305
		160,231			141,659

Creditors: amounts falling due within one year	5	(162,451)			(139,415)

Net current (liabilities)/assets			(2,220)			2,244

Total assets less current liabilities			1,727			7,507

Creditors: amounts falling due after more than one year	6		(825)			(6,300)

Provisions for liabilities			(750)			(1,000)


Net assets			152			207

Capital and reserves
Called up share capital			100			100
Profit and loss account			52			107

Shareholder's funds			152			207

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 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.




P Bullen
Director
Approved by the board on 27 August 2026

Queensway Carpentry Ltd
Notes to the Accounts
for the year ended 28 February 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.

	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 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.

	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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			25% reducing balance

	Debtors
	Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.



2	Employees and directors					2026		2025
Number							Number

	Average number of directors and persons employed by the company					1		1


3	Tangible fixed assets
								Plant and machinery etc
£
	Cost
	At 1 March 2025							17,105
	At 28 February 2026							17,105

	Depreciation
	At 1 March 2025							11,842
	Charge for the year							1,316
	At 28 February 2026							13,158

	Net book value
	At 28 February 2026							3,947
	At 28 February 2025							5,263




4	Debtors					2026		2025
£							£

	Trade debtors					500		540
	Other debtors					159,323		140,814
						159,823		141,354


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					7,199		9,442
	Obligations under finance lease and hire purchase contracts					706		2,826
	Trade creditors					5,655		5,013
	Accruals					1,772		1,713
	Corporation tax					41,265		34,861
	Other taxes and social security costs					104,854		85,560
	Other creditors					1,000		-
						162,451		139,415


6	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					825		5,594
	Obligations under finance lease and hire purchase contracts					-		706
						825		6,300


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	P Bullen
	Repayable on demand	106,009		18,394		-		124,403

		106,009		18,394		-		124,403


8	Other information

	Queensway Carpentry Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	19 Bowman House
	Sopwith Drive
	Farnborough
	Hampshire
	GU14 6GP