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Registered number: 05084205
Marthwaite Joinery Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2022

Marthwaite Joinery Limited

ACCOUNTS
FOR THEYEARENDED31/03/2022
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet2
Notes To The Accounts3
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Marthwaite Joinery Limited

BALANCE SHEET AT 31/03/2022
20222021
Notes££
FIXED ASSETS
Tangible assets2218,141215,790
CURRENT ASSETS
Stock47,45540,301
Debtors5116,906209,144
Cash at bank and in hand743,237643,856
907,598893,301
CREDITORS: Amounts falling due within one year6222,788289,838
NET CURRENT ASSETS684,810603,463
TOTAL ASSETS LESS CURRENT LIABILITIES902,951819,253
CREDITORS: Amounts falling due after more than one year736,00850,000
PROVISIONS FOR LIABILITIES AND CHARGES918,67217,366
NET ASSETS848,271751,887
CAPITAL AND RESERVES
Called up share capital10200200
Revaluation reserve1f,11-(25,562)
Profit and loss account848,071777,249
SHAREHOLDERS' FUNDS848,271751,887
For the year ending 31/03/2022 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 09/08/2022 and signed on their behalf by
.............................
Mr L Dandy
Director

Marthwaite Joinery Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2022
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Investments
Fixed asset investments are shown at fair value. Revaluations in the year are taken to the profit and loss account.
1f. Profit and Loss Reserve - Non Distributable
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 11).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.

Marthwaite Joinery Limited

2. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachinery Etc.Total
£££
Cost
At 01/04/2021143,858295,009438,867
Additions-20,55820,558
Disposals-(8,285)(8,285)
At 31/03/2022143,858307,282451,140
Depreciation
At 01/04/2021-223,075223,075
Disposals-(7,490)(7,490)
For the year-17,41417,414
At 31/03/2022-232,999232,999
Net Book Amounts
At 31/03/2022143,85874,283218,141
At 31/03/2021143,85871,934215,792
3. FINANCIAL ASSETS
Cost
Amortisation
Net Book Amounts
Investments in listed companies have been restated to their fair value at the year end and any gains and losses have been recognised in the Non Distributable Profit and Loss Reserve.
The Director's have assessed the risk that any future fall in value of these investments would not have any material affect on the ongoing operation of the business.
4. STOCK 20222021
££
Stock comprises:
Work in progress47,45540,301
47,45540,301

Marthwaite Joinery Limited

5. DEBTORS 20222021
££
Amounts falling due within one year:
Trade debtors110,368202,521
Other debtors6,5386,623
116,906209,144
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20222021
££
Bank loans and overdrafts9,849-
Trade creditors56,50250,686
Taxation and social security104,560122,211
Other creditors51,877116,941
222,788289,838
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20222021
££
Bank loans and overdrafts36,00850,000
36,00850,000
8. EMPLOYEES
20222021
No.No.
Average number of employees1112

Marthwaite Joinery Limited

9. PROVISIONS FOR LIABILITIES 20222021
££
Deferred taxation18,67217,366
18,67217,366
10. SHARE CAPITAL 20222021
££
Allotted, issued and fully paid:
200 Ordinary shares of £1 each200200
200200
11. PROFIT AND LOSS RESERVE - NON DISTRIBUTABLE 20222021
££
Revaluation reserve25,562-
AFS Reserve(25,562)(25,562)
-(25,562)