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REGISTERED NUMBER: 02592674 (England and Wales)
























CAVENDISH JOINERY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023






CAVENDISH JOINERY LIMITED (REGISTERED NUMBER: 02592674)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAVENDISH JOINERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: M J Cascarina





REGISTERED OFFICE: Unit 17 Parkside Business Ce
Plumpton Road
Hoddesdon
Hertfordshire
EN11 0ES





REGISTERED NUMBER: 02592674 (England and Wales)





ACCOUNTANTS: TC Group
6-7 Castle Gate
Castle Street
Hertford
Hertfordshire
SG14 1HD

CAVENDISH JOINERY LIMITED (REGISTERED NUMBER: 02592674)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 148,255 155,430

CURRENT ASSETS
Stocks 32,173 40,067
Debtors 5 51,080 73,434
Cash at bank 37,892 50,967
121,145 164,468
CREDITORS
Amounts falling due within one year 6 84,969 122,331
NET CURRENT ASSETS 36,176 42,137
TOTAL ASSETS LESS CURRENT LIABILITIES 184,431 197,567

CREDITORS
Amounts falling due after more than
one year

7

(166,119

)

(186,583

)

PROVISIONS FOR LIABILITIES (23,000 ) (23,000 )
NET LIABILITIES (4,688 ) (12,016 )

CAPITAL AND RESERVES
Called up share capital 60,200 60,200
Revaluation reserve 8 34,725 34,725
Retained earnings (99,613 ) (106,941 )
(4,688 ) (12,016 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

CAVENDISH JOINERY LIMITED (REGISTERED NUMBER: 02592674)

BALANCE SHEET - continued
30 APRIL 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 1 November 2023 and were signed by:





M J Cascarina - Director


CAVENDISH JOINERY LIMITED (REGISTERED NUMBER: 02592674)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Cavendish 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 - 12.5% on reducing balance
Motor vehicles - 15% on reducing balance

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

CAVENDISH JOINERY LIMITED (REGISTERED NUMBER: 02592674)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2022 433,215 30,507 463,722
Additions 13,284 - 13,284
At 30 April 2023 446,499 30,507 477,006
DEPRECIATION
At 1 May 2022 293,705 14,587 308,292
Charge for year 18,269 2,190 20,459
At 30 April 2023 311,974 16,777 328,751
NET BOOK VALUE
At 30 April 2023 134,525 13,730 148,255
At 30 April 2022 139,510 15,920 155,430

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 34,280 73,434
Other debtors 16,800 -
51,080 73,434

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 5,395
Trade creditors 45,910 76,416
Taxation and social security 37,596 30,220
Other creditors 1,463 10,300
84,969 122,331

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 166,119 186,583

8. RESERVES
Revaluation
reserve
£   
At 1 May 2022
and 30 April 2023 34,725

CAVENDISH JOINERY LIMITED (REGISTERED NUMBER: 02592674)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, Mr M J Cascarina (Director) loaned the company money with no set repayment date. At the year end the amount due from the company to the director was £166,119 (2022: £140,750).

Also during the year, Mr M J Cascarina did not receive dividends from the company in accordance with his shareholding (2022: nil).

10. ULTIMATE CONTROLLING PARTY

During the year, M J Cascarina, the director, controlled the company by virtue of a controlling interest of 100% of the issued ordinary share capital.

11. GOING CONCERN

The director recognises that the company has an insolvent balance sheet and confirm that they will continue to support the company personally until it is in a solvent position again.