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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
Page
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Trustwood Joinery Limited Company Information for the year ended 31 January 2022
Directors
S.J. Looney S.A. Morphew
Secretary
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
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Trustwood Joinery Limited Statement of financial position as at 31 January 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
130,000 
146,250 
Tangible assets
15,491 
20,082 
145,491 
166,332 
Current assets
Inventories
20,500 
20,500 
Debtors
40,568 
42,734 
Cash at bank and in hand
598,081 
566,928 
659,149 
630,162 
Creditors: amounts falling due within one year
(92,892)
(90,994)
Net current assets
566,257 
539,168 
Net assets
711,748 
705,500 
Capital and reserves
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
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Trustwood Joinery Limited Notes to the Accounts for the year ended 31 January 2022
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
25
Motor vehicles
25
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2021
325,000 
At 31 January 2022
325,000 
Amortisation
At 1 February 2021
178,750 
Charge for the year
16,250 
At 31 January 2022
195,000 
Net book value
At 31 January 2022
130,000 
At 31 January 2021
146,250 
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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 
Additions
574 
- 
574 
At 31 January 2022
109,876 
45,938 
155,814 
Depreciation
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 
Net book value
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 
- 
40,568 
42,734 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
53,630 
48,447 
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 
- 
Accruals
2,050 
1,900 
92,892 
90,994 
8
Share capital
2022 
2021 
£ 
£ 
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).
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