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REGISTERED NUMBER: 07934553 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

EVERITT AND JONES JOINERY LTD

EVERITT AND JONES JOINERY LTD (REGISTERED NUMBER: 07934553)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 7

EVERITT AND JONES JOINERY LTD

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTOR: G F Jones Esq





REGISTERED OFFICE: 206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS





REGISTERED NUMBER: 07934553 (England and Wales)





ACCOUNTANTS: F E Hawkes & Co
206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS

EVERITT AND JONES JOINERY LTD (REGISTERED NUMBER: 07934553)

BALANCE SHEET
31 March 2023

2022 2023
£    £    Notes £    £   
FIXED ASSETS
5,232 Tangible assets 5 4,053

CURRENT ASSETS
11,025 Stocks 6 12,500
32,848 Debtors 7 22,513
32,342 Cash at bank 4,656
76,215 39,669
CREDITORS
45,879 Amounts falling due within one year 8 42,150
30,336 NET CURRENT (LIABILITIES)/ASSETS (2,481 )
35,568 TOTAL ASSETS LESS CURRENT
LIABILITIES

1,572

CREDITORS
(46,667 ) Amounts falling due after more than one
year

9

(46,667

)

(994 ) PROVISIONS FOR LIABILITIES (994 )
(12,093 ) NET LIABILITIES (46,089 )

CAPITAL AND RESERVES
100 Called up share capital 100
(12,193 ) Retained earnings (46,189 )
(12,093 ) SHAREHOLDERS' FUNDS (46,089 )

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.

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 24 August 2023 and were signed by:




G F Jones Esq - Director


EVERITT AND JONES JOINERY LTD (REGISTERED NUMBER: 07934553)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Everitt and Jones Joinery Ltd is a private company ,limited by shares, registered in England and wales

The company's registered number and registered office address are as follows

Registered number: 07934553

Registered office: 206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS



The principal activity of the company in the year under review was that of building, carpentry and joinery.

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

Going concern / basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

As with most businesses the company has been impacted by the Coronavirus (Covid 19). This has had an impact on the business operations, customers, suppliers and workforce. The Company have (where appropriate) utilised the grants and benefits available from the Government and are taking all the steps necessary to protect the future of the business.

Government grants are shown in the accounts on the date they are receivable.

Although the total impact is still uncertain the directors believe that it is appropriate to prepare the accounts on a going concern basis.which assumes that the company will continue in operation for the foreseeable
The company's total liabilities exceed its total assets by £45018 (2022 £2093).The director has negotiated extension to the terms of the company's bounce back loan.
Consequently the director having considered the above and made due enquiry,continues to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future which is twelve months from the date of signing the accounts.

Significant judgements and estimates
No significant judgements or estimates have had to be made by the directors in preparing these financial statements.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance

EVERITT AND JONES JOINERY LTD (REGISTERED NUMBER: 07934553)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


3. ACCOUNTING POLICIES - continued

Stocks & work in progress
Stocks have been valued at the lower of cost and estimated selling price less costs to sell, cost is determined using first in first out method.

In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

EVERITT AND JONES JOINERY LTD (REGISTERED NUMBER: 07934553)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
Totals machinery fittings vehicles
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 24,996 1,393 2,053 21,550
DEPRECIATION
At 1 April 2022 19,764 942 1,255 17,567
Charge for year 1,179 68 116 995
At 31 March 2023 20,943 1,010 1,371 18,562
NET BOOK VALUE
At 31 March 2023 4,053 383 682 2,988
At 31 March 2022 5,232 451 798 3,983

6. STOCKS
2023 2022
£    £   
Closing stock & work in progress 12,500 11,025

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 18,419 21,377
Tax 2,383 2,383
Prepayments 1,711 9,088
22,513 32,848

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,500 2,500
Trade creditors 25,436 23,273
Social security and other taxes 2,400 3,490
VAT 6,286 6,588
Other creditors 81 76
Directors' loan accounts 2,665 3,479
Accrued expenses 2,782 6,473
42,150 45,879

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 36,667 36,667
46,667 46,667

EVERITT AND JONES JOINERY LTD (REGISTERED NUMBER: 07934553)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 8,024 2,280
Between one and five years - 8,024
8,024 10,304

EVERITT AND JONES JOINERY LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
EVERITT AND JONES JOINERY LTD


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






F E Hawkes & Co
206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS


24 August 2023