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REGISTERED NUMBER: 07581782 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

LJS Joinery Ltd

LJS Joinery Ltd (Registered number: 07581782)






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


LJS Joinery Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: R L Aldred
L J Saunders





REGISTERED OFFICE: Unit Z1
Station Road
Lenwade
Norwich
Norfolk
NR9 5LY





REGISTERED NUMBER: 07581782 (England and Wales)





ACCOUNTANTS: Aviait Services Ltd
45 Henley Road
Norwich
Norfolk
NR2 3NL

LJS Joinery Ltd (Registered number: 07581782)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 239,992 137,894
239,992 137,894

CURRENT ASSETS
Stocks 6 19,705 17,223
Debtors 7 128,528 62,019
Cash at bank and in hand 165,609 347,153
313,842 426,395
CREDITORS
Amounts falling due within one year 8 252,475 244,869
NET CURRENT ASSETS 61,367 181,526
TOTAL ASSETS LESS CURRENT
LIABILITIES

301,359

319,420

CREDITORS
Amounts falling due after more than one
year

9

(58,642

)

(115,807

)

PROVISIONS FOR LIABILITIES (30,180 ) (26,200 )
NET ASSETS 212,537 177,413

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 212,437 177,313
SHAREHOLDERS' FUNDS 212,537 177,413

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 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.

LJS Joinery Ltd (Registered number: 07581782)

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 Board of Directors and authorised for issue on 8 November 2023 and were signed on its behalf by:




L J Saunders - Director



R L Aldred - Director


LJS Joinery Ltd (Registered number: 07581782)

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

1. STATUTORY INFORMATION

LJS 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. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and equipment - 25% on reducing balance and 15% on reducing balance
Motor vehicles - 25% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 12 ) .

LJS Joinery Ltd (Registered number: 07581782)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 45,000
AMORTISATION
At 1 April 2022
and 31 March 2023 45,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property equipment vehicles Totals
£    £    £    £   
COST
At 1 April 2022 - 377,364 48,678 426,042
Additions 81,104 13,000 37,075 131,179
At 31 March 2023 81,104 390,364 85,753 557,221
DEPRECIATION
At 1 April 2022 - 248,316 39,832 288,148
Charge for year - 21,308 7,773 29,081
At 31 March 2023 - 269,624 47,605 317,229
NET BOOK VALUE
At 31 March 2023 81,104 120,740 38,148 239,992
At 31 March 2022 - 129,048 8,846 137,894

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 225,384 48,678 274,062
DEPRECIATION
At 1 April 2022 143,752 39,832 183,584
Charge for year 12,203 2,212 14,415
At 31 March 2023 155,955 42,044 197,999
NET BOOK VALUE
At 31 March 2023 69,429 6,634 76,063
At 31 March 2022 81,632 8,846 90,478

LJS Joinery Ltd (Registered number: 07581782)

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

6. STOCKS
31.3.23 31.3.22
£    £   
Stocks 19,705 17,223

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 83,706 9,535
Amounts recoverable on contract 43,631 51,306
Other debtors 1,191 1,178
128,528 62,019

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 48,091 51,040
Hire purchase contracts - 4,551
Trade creditors 87,352 78,931
Taxation and social security 24,144 37,976
Other creditors 92,888 72,371
252,475 244,869

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Other creditors 58,642 115,807

10. SECURED DEBTS

The lending from the company's bankers is secured with a fixed and floating charge over the company's assets.

11. RELATED PARTY DISCLOSURES

The directors have provided a personal guarantee of £25,000 in respect of the company's bank borrowings.