Company Registration No. 03777563 (England and Wales)
Trustwood Joinery Limited
Unaudited accounts
for the year ended 31 January 2022
Trustwood Joinery Limited
Unaudited accounts
Contents
Trustwood Joinery Limited
Company Information
for the year ended 31 January 2022
Directors
S.J. Looney
S.A. Morphew
Company Number
03777563 (England and Wales)
Registered Office
Milford House
78 High Street
Hadleigh, Benfleet
Essex
SS7 2PB
Accountants
R.P. Minks and Company
Milford House
78 High Street
Hadleigh, Benfleet
Essex
SS7 2PB
Trustwood Joinery Limited
Statement of financial position
as at 31 January 2022
Intangible assets
130,000
146,250
Tangible assets
15,491
20,082
Cash at bank and in hand
598,081
566,928
Creditors: amounts falling due within one year
(92,892)
(90,994)
Net current assets
566,257
539,168
Net assets
711,748
705,500
Called up share capital
2
2
Profit and loss account
711,746
705,498
Shareholders' funds
711,748
705,500
For the year ending 31 January 2022 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 13 July 2022 and were signed on its behalf by
S.A. Morphew
Director
Company Registration No. 03777563
Trustwood Joinery Limited
Notes to the Accounts
for the year ended 31 January 2022
Trustwood Joinery Limited is a private company, limited by shares, registered in England and Wales, registration number 03777563. The registered office is Milford House, 78 High Street, Hadleigh, Benfleet, Essex, SS7 2PB. The principal place of business is 11 Tallon Road, Hutton Industrial Estate, Brentwood, Essex, CM13 1TF.
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.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 1 February 2021
325,000
At 31 January 2022
325,000
At 1 February 2021
178,750
Charge for the year
16,250
At 31 January 2022
195,000
At 31 January 2022
130,000
At 31 January 2021
146,250
Trustwood Joinery Limited
Notes to the Accounts
for the year ended 31 January 2022
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 February 2021
109,302
45,938
155,240
At 31 January 2022
109,876
45,938
155,814
At 1 February 2021
100,872
34,286
135,158
Charge for the year
2,251
2,914
5,165
At 31 January 2022
103,123
37,200
140,323
At 31 January 2022
6,753
8,738
15,491
At 31 January 2021
8,430
11,652
20,082
6
Debtors: amounts falling due within one year
2022
2021
Trade debtors
40,442
42,734
Accrued income and prepayments
126
-
7
Creditors: amounts falling due within one year
2022
2021
Trade creditors
14,703
14,207
Taxes and social security
19,239
25,228
Other creditors
1,246
1,212
Loans from directors
2,024
-
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 8 (2021: 8).