Company No: 06841799 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	176,648		216,397
		176,648		216,397
Current assets
Debtors	4	528,687		432,780
Cash at bank and in hand		222,183		107,047
		750,870		539,827
Creditors: amounts falling due within one year	5	( 218,486)		( 108,069)
Net current assets		532,384		431,758
Total assets less current liabilities		709,032		648,155
Creditors: amounts falling due after more than one year	6	( 139,678)		( 48,285)
Provision for liabilities		( 39,100)		( 49,000)
Net assets		530,254		550,870
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		530,154		550,770
Total shareholders' funds		530,254		550,870

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of ASAP Carpentry and Kitchens Limited (registered number: 06841799) were approved and authorised for issue by the Board of Directors on 02 October 2026. They were signed on its behalf by:

Mr A Perrott Director

Mrs K M Perrott Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

ASAP Carpentry and Kitchens Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of trade discounts and net of VAT. 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.

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

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.

Employee benefits

Defined contribution schemes
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Computer equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	13		12

3. Tangible assets

	Plant and machinery		Vehicles		Computer equipment		Total
	£		£		£		£
Cost
At 01 April 2025	293,562		166,667		2,795		463,024
Additions	6,750		3,963		343		11,056
Disposals	( 2,640)		( 2,063)		0		( 4,703)
At 31 March 2026	297,672		168,567		3,138		469,377
Accumulated depreciation
At 01 April 2025	175,812		69,445		1,370		246,627
Charge for the financial year	26,696		22,160		359		49,215
Disposals	( 1,445)		( 1,668)		0		( 3,113)
At 31 March 2026	201,063		89,937		1,729		292,729
Net book value
At 31 March 2026	96,609		78,630		1,409		176,648
At 31 March 2025	117,750		97,222		1,425		216,397

4. Debtors

	2026		2025
	£		£
Trade debtors	336,431		249,448
Prepayments and accrued income	37,105		22,996
VAT recoverable	12,833		13,339
Other debtors	142,318		146,997
	528,687		432,780

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans	2,050		8,687
Trade creditors	80,172		59,383
Amounts owed to directors	62,548		5,096
Other loans (secured)	14,016		0
Accruals	12,659		5,828
Taxation and social security	28,100		0
Obligations under finance leases and hire purchase contracts (secured)	8,683		19,508
Other creditors	10,258		9,567
	218,486		108,069

6. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans	0		1,563
Other loans (secured)	101,639		0
Obligations under finance leases and hire purchase contracts (secured)	38,039		46,722
	139,678		48,285

The finance leases and hire purchase contracts are secured on the assets to which they relate.

The other loans of £115,655 are supported by a personal guarantee provided by the directors of the company.

7. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

8. Related party transactions

Transactions with the entity's directors

	2026		2025
	£		£
Amounts owed to directors	62,548		5,096

Included within creditors is an amount of £62,548 (2025: £5,096) owed to the directors' of the company. The loan is interest-free, unsecured, and has no fixed date of repayment. It is repayable on demand.