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REGISTERED NUMBER: 08576412 (England and Wales)











Clive Toon Joinery Ltd

Unaudited Financial Statements

for the Year Ended 30 June 2023






Clive Toon Joinery Ltd (Registered number: 08576412)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Clive Toon Joinery Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: C Toon





REGISTERED OFFICE: 6 Charter Point Way
Ashby Park
Ashby de la Zouch
LE65 1NF





REGISTERED NUMBER: 08576412 (England and Wales)





ACCOUNTANTS: Haines Watts
6 Charter Point Way
Ashby Business Park
Ashby De La Zouch
Leicestershire
LE65 1NF

Clive Toon Joinery Ltd (Registered number: 08576412)

Statement of Financial Position
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 32,953 34,674

CURRENT ASSETS
Stocks 6 50,000 50,000
Debtors 7 336,305 292,320
Cash at bank 762,281 484,155
1,148,586 826,475
CREDITORS
Amounts falling due within one year 8 177,774 126,698
NET CURRENT ASSETS 970,812 699,777
TOTAL ASSETS LESS CURRENT LIABILITIES 1,003,765 734,451

PROVISIONS FOR LIABILITIES 6,261 6,588
NET ASSETS 997,504 727,863

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 997,503 727,862
SHAREHOLDERS' FUNDS 997,504 727,863

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 October 2023 and were signed by:





C Toon - Director


Clive Toon Joinery Ltd (Registered number: 08576412)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

Clive Toon Joinery Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgement, estimates and assumptions about carrying amounts of assets and liabilities that are not readily apparent from other sources. the estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that periods, or in the period of revision and future periods where the revision affects both current and future periods.

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

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 9 ) .

Clive Toon Joinery Ltd (Registered number: 08576412)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 173,036 1,521 81,490 6,101 262,148
Additions - 303 17,000 957 18,260
Disposals - - (11,500 ) (166 ) (11,666 )
At 30 June 2023 173,036 1,824 86,990 6,892 268,742
DEPRECIATION
At 1 July 2022 171,523 597 49,469 5,885 227,474
Charge for year 722 384 15,499 501 17,106
Eliminated on disposal - - (8,625 ) (166 ) (8,791 )
At 30 June 2023 172,245 981 56,343 6,220 235,789
NET BOOK VALUE
At 30 June 2023 791 843 30,647 672 32,953
At 30 June 2022 1,513 924 32,021 216 34,674

6. STOCKS
2023 2022
£    £   
Stocks 50,000 50,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 222,778 158,611
Other debtors 109,933 130,503
Prepayments 3,594 3,206
336,305 292,320

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 55,119 17,137
Tax 74,350 69,582
Pension creditor 2,729 1,065
VAT 44,292 37,663
Directors' current accounts 204 171
Accrued expenses 1,080 1,080
177,774 126,698

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary 1 1 1

Clive Toon Joinery Ltd (Registered number: 08576412)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


10. RESERVES
Retained
earnings
£   

At 1 July 2022 727,862
Profit for the year 286,941
Dividends (17,300 )
At 30 June 2023 997,503

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits from a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
C Toon
Balance outstanding at start of year (171 ) 3,019
Amounts advanced 983 2,250
Amounts repaid (1,015 ) (5,440 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (203 ) (171 )

The loan is interest free and repayable on demand.

12. RELATED PARTY DISCLOSURES

At the year end Clive Toon Developments Ltd owed the company £116,494 (2022: £130,207). The director and shareholder of the company is also the director and shareholder of Clive Toon Developments Ltd.