Company Registration No. 07396438 (England and Wales)
J & L Carpentry Limited
Unaudited accounts
for the year ended 31 October 2025
J & L Carpentry Limited
Unaudited accounts
Contents
J & L Carpentry Limited
Company Information
for the year ended 31 October 2025
Directors
Jack Nugent
Adam Nugent
John Nugent
Lorraine Nugent
Company Number
07396438 (England and Wales)
Registered Office
2 FOUNTAIN COURT
VICTORIA SQUARE
ST ALBANS
AL1 3TF
UNITED KINGDOM
Accountants
Mayflower Accountancy & Tax Limited
Unit A, Angel Business Centre
1 Luton Road
Toddington
Bedfordshire
LU5 6DE
J & L Carpentry Limited
Statement of financial position
as at 31 October 2025
Tangible assets
18,986
4,710
Debtors
1,153,075
2,457,721
Creditors: amounts falling due within one year
(894,738)
(1,895,708)
Net current assets
258,337
562,013
Total assets less current liabilities
277,323
566,723
Creditors: amounts falling due after more than one year
(1,929,482)
(350,412)
Provisions for liabilities
Net (liabilities)/assets
(1,655,553)
215,415
Called up share capital
200
200
Profit and loss account
(1,655,753)
215,215
Shareholders' funds
(1,655,553)
215,415
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2026 and were signed on its behalf by
Jack Nugent
Director
Company Registration No. 07396438
J & L Carpentry Limited
Notes to the Accounts
for the year ended 31 October 2025
J & L Carpentry Limited is a private company, limited by shares, registered in England and Wales, registration number 07396438. The registered office is 2 FOUNTAIN COURT, VICTORIA SQUARE, ST ALBANS, AL1 3TF, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Computer equipment
25% Straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Inventories have been restated from the prior year to zero as this relates to amounts due under contracts.
There are currently no inventories held as at the year end date.
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 accounts. 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 current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
J & L Carpentry Limited
Notes to the Accounts
for the year ended 31 October 2025
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2024
8,960
10,178
19,138
Additions
15,211
2,049
17,260
At 31 October 2025
24,171
12,227
36,398
At 1 November 2024
8,725
5,703
14,428
Charge for the year
1,020
1,964
2,984
At 31 October 2025
9,745
7,667
17,412
At 31 October 2025
14,426
4,560
18,986
At 31 October 2024
235
4,475
4,710
Amounts falling due within one year
Trade debtors
698,432
1,960,709
Accrued income and prepayments
11,655
-
Amounts falling due after more than one year
Accrued income and prepayments
-
56,332
Other debtors
417,437
412,714
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
84,067
854,766
Trade creditors
445,842
584,490
Taxes and social security
107,435
133,291
Other creditors
23,207
223,933
Loans from directors
35,933
97,457
J & L Carpentry Limited
Notes to the Accounts
for the year ended 31 October 2025
7
Creditors: amounts falling due after more than one year
2025
2024
Taxes and social security
163,422
-
Loans from directors
1,004,291
318,500
The carrying amount of debt factoring at year end is £57,128 (2024: 828,322). The loan is secured on the trade debtors to which it relates.
9
Transactions with related parties
There is a related party loan of £1,004,291 (2024: £318,500). Interest is not being charged and repayable on demand.
10
Average number of employees
During the year the average number of employees was 8 (2024: 6).