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REGISTERED NUMBER: 04374639 (England and Wales)

























Financial Statements

for the Year Ended 31 May 2023

for

M. B. Joinery ( Chirton ) Limited

M. B. Joinery ( Chirton ) Limited (Registered number: 04374639)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M. B. Joinery ( Chirton ) Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: M B Bowyer
Mrs S A Bowyer





SECRETARY: Mrs S A Bowyer





REGISTERED OFFICE: Hawthorne Works
Andover Road
Chirton
Devizes
Wiltshire
SN10 3QL





REGISTERED NUMBER: 04374639 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

M. B. Joinery ( Chirton ) Limited (Registered number: 04374639)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 90,133 91,864

CURRENT ASSETS
Stocks 9,750 7,950
Debtors 5 10,163 9,652
Cash at bank 341,973 284,835
361,886 302,437
CREDITORS
Amounts falling due within one year 6 185,228 171,908
NET CURRENT ASSETS 176,658 130,529
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,791

222,393

PROVISIONS FOR LIABILITIES 22,534 17,455
NET ASSETS 244,257 204,938

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 244,157 204,838
SHAREHOLDERS' FUNDS 244,257 204,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

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 Board of Directors and authorised for issue on 1 November 2023 and were signed on its behalf by:



M B Bowyer - Director


M. B. Joinery ( Chirton ) Limited (Registered number: 04374639)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

M. B. Joinery ( Chirton ) 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.
Land and buildings - 4% on cost
Plant and machinery etc - 25% on reducing balance, 25% on cost and 15% on cost

Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture or completion.

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 balance sheet date.

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.

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 3 (2022 - 3 ) .

M. B. Joinery ( Chirton ) Limited (Registered number: 04374639)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022 52,613 109,041 161,654
Additions - 17,590 17,590
At 31 May 2023 52,613 126,631 179,244
DEPRECIATION
At 1 June 2022 21,602 48,188 69,790
Charge for year 1,444 17,877 19,321
At 31 May 2023 23,046 66,065 89,111
NET BOOK VALUE
At 31 May 2023 29,567 60,566 90,133
At 31 May 2022 31,011 60,853 91,864

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 10,163 9,652

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 32,850 15,808
Other creditors 152,378 156,100
185,228 171,908