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REGISTERED NUMBER: 04601335 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Wray Joinery Limited

Wray Joinery Limited (Registered number: 04601335)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wray Joinery Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: D Wray





REGISTERED OFFICE: 4 Roundhill Close
Hurworth
Darlington
Co. Durham
DL2 2EB





REGISTERED NUMBER: 04601335 (England and Wales)





ACCOUNTANTS: The Accountant NE Ltd
Office 1
54 Bondgate
Darlington
DL3 7JJ

Wray Joinery Limited (Registered number: 04601335)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,531 21,442

CURRENT ASSETS
Debtors 5 100,376 51,494
Cash at bank and in hand 17,995 82,013
118,371 133,507
CREDITORS
Amounts falling due within one year 6 45,315 34,907
NET CURRENT ASSETS 73,056 98,600
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,587

120,042

CREDITORS
Amounts falling due after more than
one year

7

(22,500

)

(32,551

)

PROVISIONS FOR LIABILITIES (3,331 ) (4,074 )
NET ASSETS 64,756 83,417

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 64,456 83,117
64,756 83,417

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

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

Wray Joinery Limited (Registered number: 04601335)

Balance Sheet - continued
31 March 2023


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 8 November 2023 and were signed by:





D Wray - Director


Wray Joinery Limited (Registered number: 04601335)

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

1. STATUTORY INFORMATION

Wray Joinery 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.
Plant and machinery etc - 25% on reducing balance, 25% on cost, 20% on reducing balance and 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

Wray Joinery Limited (Registered number: 04601335)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 57,281
Additions 1,183
At 31 March 2023 58,464
DEPRECIATION
At 1 April 2022 35,839
Charge for year 5,094
At 31 March 2023 40,933
NET BOOK VALUE
At 31 March 2023 17,531
At 31 March 2022 21,442

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 100,376 51,494

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 2,426 410
Taxation and social security 13,495 14,509
Other creditors 19,394 9,988
45,315 34,907

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 22,500 32,551

Wray Joinery Limited (Registered number: 04601335)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
D Wray
Balance outstanding at start of year 50,000 110,136
Amounts advanced 100,000 50,000
Amounts repaid (50,000 ) (110,136 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 100,000 50,000

During the year Dividends were paid amounting to £50,384.

The Director's Loan Account was repaid on 8 November 2023.