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REGISTERED NUMBER: 02546568 (England and Wales)















Financial Statements for the Year Ended 31 December 2021

for

Graham Ball Joiners Limited

Graham Ball Joiners Limited (Registered number: 02546568)

Contents of the Financial Statements
for the Year Ended 31 December 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Graham Ball Joiners Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: G R Ball
M C Ball





SECRETARY: M C Ball





REGISTERED OFFICE: Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 02546568 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Graham Ball Joiners Limited (Registered number: 02546568)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 249,789 231,042

CURRENT ASSETS
Stocks 37,890 4,355
Debtors 5 36,425 53,145
Cash at bank - 53,620
74,315 111,120
CREDITORS
Amounts falling due within one year 6 225,925 170,214
NET CURRENT LIABILITIES (151,610 ) (59,094 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,179

171,948

CREDITORS
Amounts falling due after more than
one year

7

(72,027

)

(78,541

)

PROVISIONS FOR LIABILITIES 9 (25,275 ) (19,200 )
NET ASSETS 877 74,207

CAPITAL AND RESERVES
Called up share capital 10 420 420
Retained earnings 457 73,787
SHAREHOLDERS' FUNDS 877 74,207

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Graham Ball Joiners Limited (Registered number: 02546568)

Balance Sheet - continued
31 December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 September 2022 and were signed on its behalf by:





G R Ball - Director


Graham Ball Joiners Limited (Registered number: 02546568)

Notes to the Financial Statements
for the Year Ended 31 December 2021


1. STATUTORY INFORMATION

Graham Ball Joiners Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Graham Ball Joiners Limited (Registered number: 02546568)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2020 - 10 ) .

Graham Ball Joiners Limited (Registered number: 02546568)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2021 162,099 179,754 20,439 111,131 473,423
Additions 5,526 23,954 395 25,288 55,163
Disposals - (12,300 ) - - (12,300 )
At 31 December 2021 167,625 191,408 20,834 136,419 516,286
DEPRECIATION
At 1 January 2021 34,279 136,636 13,924 57,542 242,381
Charge for year 2,589 10,060 693 19,722 33,064
Eliminated on disposal - (8,948 ) - - (8,948 )
At 31 December 2021 36,868 137,748 14,617 77,264 266,497
NET BOOK VALUE
At 31 December 2021 130,757 53,660 6,217 59,155 249,789
At 31 December 2020 127,820 43,118 6,515 53,589 231,042

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2021 9,200 28,421 37,621
Additions 17,750 - 17,750
At 31 December 2021 26,950 28,421 55,371
DEPRECIATION
At 1 January 2021 3,550 7,105 10,655
Charge for year 3,511 5,329 8,840
At 31 December 2021 7,061 12,434 19,495
NET BOOK VALUE
At 31 December 2021 19,889 15,987 35,876
At 31 December 2020 5,650 21,316 26,966

Graham Ball Joiners Limited (Registered number: 02546568)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 32,966 51,501
Amounts owed by group undertakings 1,493 -
Prepayments 1,966 1,644
36,425 53,145

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 33,926 11,928
Hire purchase contracts 7,914 5,506
Trade creditors 108,246 66,093
Corporation tax 20,518 35,742
Social security and other taxes 4,264 5,434
VAT 13,491 16,527
Other creditors 29,600 -
Amounts owed to group
undertakings

-

11,507
Directors' current accounts 592 8,084
Accrued expenses 7,374 9,393
225,925 170,214

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans - 1-2 years 12,431 23,550
Bank loans - 2-5 years 16,343 30,491
Bank loans repayable in more than 5
years by instalments

20,164

3,533
Hire purchase contracts 23,089 20,967
72,027 78,541

Amounts falling due in more than five years:

Repayable by instalments
Bank loans repayable in more than 5
years by instalments

20,164

3,533

Graham Ball Joiners Limited (Registered number: 02546568)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.21 31.12.20
£    £   
Bank overdraft 22,573 -
Bank loans 60,291 69,502
Hire purchase contracts 31,003 26,473
113,867 95,975

The bank loan is secured by a fixed and floating charge over all assets and undertakings of the company.

Also a second legal charge given by G R Ball and M C Ball over the freehold property 11/11a Sedgwick Street, Preston.

Hire purchase obligations are secured on the asset to which it relates.

9. PROVISIONS FOR LIABILITIES
31.12.21 31.12.20
£    £   
Deferred tax 25,275 19,200

Deferred
tax
£   
Balance at 1 January 2021 19,200
Charge to Statement of Income and Retained Earnings
during year

6,075
Balance at 31 December 2021 25,275

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
315 A Ordinary £1 315 315
84 B Ordinary £1 84 84
21 C Ordinary £1 21 21
420 420

Graham Ball Joiners Limited (Registered number: 02546568)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party but G R and M C Ball acting in concert control the company by virtue of their shareholdings in this company and the holding company.