CMJ Joinery (Southern) Ltd


FINANCIAL STATEMENTS


for the year ended 31st December 2022



CMJ Joinery (Southern) Ltd

CONTENTS

for the year ended 31st December 2022







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

CMJ Joinery (Southern) Ltd

Company No. 12363529

STATEMENT OF FINANCIAL POSITION

as at 31st December 2022

20222021
Note£££
FIXED ASSETS
Property, plant and equipment493712110250
93712110250
CURRENT ASSETS
Stocks510662041620
Debtors65983556352
Cash at bank and in hand557230485
172027128457
CURRENT LIABILITIES
Creditors: amounts falling due
within one year713534076361
NET CURRENT ASSETS3668752096
TOTAL ASSETS LESS CURRENT LIABILITIES130399162346
 
Creditors: amounts falling due
after more than one year8120000120000
 
NET ASSETS1039942346
 
CAPITAL AND RESERVES
Called up share capital11
Retained earnings1039842345
SHAREHOLDERS FUNDS1039942346

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 31st December 2022 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 27 September 2023


Ives F A

Director

Company Number 12363529 (England)

CMJ Joinery (Southern) Ltd

NOTES TO THE ACCOUNTS

for the year ended 31st December 2022


1   Statutory information

CMJ Joinery (Southern) Ltd is a private company limited by shares and registered under company number 12363529 in England. Its registered office address is Unit 3, Castleham Road, St Leonards On Sea, East Sussex. TN38 9NR.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles15% reducing balance

Stocks

Stocks are valued at the lower of cost and expected selling price less any costs to sell.

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

Pensions

The Company operates a defined contribution pension scheme. Contributions are charged to the Income Statement as they become payable in accordance with the rules of the scheme.

3   Employee information

The average number of employees during the accounting period was 10 (2021 - 10).

4   Property, plant and equipment
 
Plant
and
MachineryTotal
££
Cost
At 1st January 2022 and
At 31st December 2022125826125826
 
Depreciation
At 1st January 2022 1557615576
Charge for year1653816538
At 31st December 20223211432114
 
Net Book Value
At 31st December 20229371293712
At 31st December 2021110250110250

5   Stocks20222021
££
 
Raw materials and consumables3778017620
Work in progress6884024000
10662041620

The difference between purchase price or production cost of stocks and their replacement cost is not material.


6   Debtors20222021
££
 
Trade Debtors5646056352
Other debtors3375-
5983556352

7   Creditors: amounts falling due within one year20222021
££
 
Loans and Overdrafts3402844676
Taxes and social security costs6488020643
Other creditors3643211042
13534076361

8   Creditors: amounts falling due after one year20222021
££
 
Loans and Overdrafts120000120000
120000120000

9   Loans20222021
££
Analysis of maturity of debt:
 
Within one year3402844676
Between one and five years120000120000
154028164676

10   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20222021
££
 
Trinder Ms CA332726111
332726111

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