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Registration number: 04612027

S.A. Joinery Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2022

 

S.A. Joinery Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

S.A. Joinery Limited

Company Information

Director

Mr SI Brooks

Company secretary

Mrs C Brooks

Registered office

Brownmoss Cottage
Norley Road
Norley
Frodsham
WA6 6LJ

Accountants

EKWilliams Accountants Limited
1 Pavilion Square
Westhoughton
Bolton
Bolton
BL5 3AJ

 

S.A. Joinery Limited

(Registration number: 04612027)
Balance Sheet as at 31 December 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

127,262

125,625

Current assets

 

Debtors

5

67,798

56,103

Cash at bank and in hand

 

3,065

5,836

 

70,863

61,939

Creditors: Amounts falling due within one year

6

(120,165)

(105,651)

Net current liabilities

 

(49,302)

(43,712)

Total assets less current liabilities

 

77,960

81,913

Creditors: Amounts falling due after more than one year

6

(61,826)

(57,092)

Provisions for liabilities

(13,977)

(23,869)

Net assets

 

2,157

952

Capital and reserves

 

Called up share capital

100

100

Retained earnings

2,057

852

Shareholders' funds

 

2,157

952

 

S.A. Joinery Limited

(Registration number: 04612027)
Balance Sheet as at 31 December 2022

For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 October 2023
 

.........................................
Mr SI Brooks
Director

 

S.A. Joinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Brownmoss Cottage
Norley Road
Norley
Frodsham
WA6 6LJ
United Kingdom

These financial statements were authorised for issue by the director on 11 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

S.A. Joinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% Straight line

Fixtures & Fittings

25% Reducing balance

Motor Vehicles

25% Reducing balance

Computer Equipment

25% Reducing balance

Freehold Property

2% Straight line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

S.A. Joinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 10 (2021 - 10).

 

S.A. Joinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and Machinery
£

Cost or valuation

At 1 January 2022

-

4,746

96,126

128,623

Additions

65,597

1,250

6,750

436

Disposals

-

-

(56,022)

-

At 31 December 2022

65,597

5,996

46,854

129,059

Depreciation

At 1 January 2022

-

4,746

40,377

58,747

Charge for the year

-

250

3,597

24,033

Eliminated on disposal

-

-

(11,506)

-

At 31 December 2022

-

4,996

32,468

82,780

Carrying amount

At 31 December 2022

65,597

1,000

14,386

46,279

At 31 December 2021

-

-

55,749

69,876

Total
£

Cost or valuation

At 1 January 2022

229,495

Additions

74,033

Disposals

(56,022)

At 31 December 2022

247,506

Depreciation

At 1 January 2022

103,870

Charge for the year

27,880

Eliminated on disposal

(11,506)

At 31 December 2022

120,244

Carrying amount

At 31 December 2022

127,262

At 31 December 2021

125,625

Included within the net book value of land and buildings above is £65,597 (2021 - £Nil) in respect of freehold land and buildings.
 

 

S.A. Joinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

5

Debtors

Current

Note

2022
£

2021
£

Trade debtors

 

12,511

37,200

Amounts owed by related parties

38,762

-

Other debtors

 

16,525

18,903

   

67,798

56,103

6

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Loans and borrowings

35,792

40,726

Trade creditors

 

11,665

14,443

Amounts owed to group undertakings and undertakings in which the company has a participating interest

-

1,238

Taxation and social security

 

68,640

44,526

Accruals and deferred income

 

2,500

2,500

Other creditors

 

1,568

2,218

 

120,165

105,651

Creditors: amounts falling due after more than one year

Note

2022
£

2021
£

Due after one year

 

Loans and borrowings

61,826

57,092