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REGISTERED NUMBER: 09117950 (England and Wales)



















GABLE JOINERY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






GABLE JOINERY LIMITED (REGISTERED NUMBER: 09117950)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


GABLE JOINERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr E A Smith
Mrs H Smith
Mr J G Plaskitt





REGISTERED OFFICE: 6 Gables Close
Holmewood
CHESTERFIELD
Derbyshire
S42 5RJ





REGISTERED NUMBER: 09117950 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

GABLE JOINERY LIMITED (REGISTERED NUMBER: 09117950)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 158,735 163,400

CURRENT ASSETS
Stocks 18,823 14,557
Debtors 5 219,317 208,929
Cash at bank 107,418 187,435
345,558 410,921
CREDITORS
Amounts falling due within one year 6 228,721 290,246
NET CURRENT ASSETS 116,837 120,675
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,572

284,075

CREDITORS
Amounts falling due after more than one year 7 (34,260 ) (42,281 )

PROVISIONS FOR LIABILITIES (30,160 ) (27,409 )
NET ASSETS 211,152 214,385

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 211,052 214,285
SHAREHOLDERS' FUNDS 211,152 214,385

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.

GABLE JOINERY LIMITED (REGISTERED NUMBER: 09117950)

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 16 November 2023 and were signed on its behalf by:





Mr E A Smith - Director


GABLE JOINERY LIMITED (REGISTERED NUMBER: 09117950)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Gable 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 33% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

GABLE JOINERY LIMITED (REGISTERED NUMBER: 09117950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 388,133 765 15,500 1,515 405,913
Additions 23,785 - - - 23,785
At 31 March 2023 411,918 765 15,500 1,515 429,698
DEPRECIATION
At 1 April 2022 236,802 171 4,238 1,302 242,513
Charge for year 25,332 89 2,816 213 28,450
At 31 March 2023 262,134 260 7,054 1,515 270,963
NET BOOK VALUE
At 31 March 2023 149,784 505 8,446 - 158,735
At 31 March 2022 151,331 594 11,262 213 163,400

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 209,887 199,966
Prepayments and accrued income 9,430 8,963
219,317 208,929

GABLE JOINERY LIMITED (REGISTERED NUMBER: 09117950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,109 16,930
Trade creditors 81,349 91,998
Corporation tax 173 21,164
Social security and other taxes 4,469 5,259
VAT 17,784 32,273
Other creditors 939 4,258
Directors' current accounts 111,824 115,824
Accruals and deferred income 4,074 2,540
228,721 290,246

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,556 8,021
Bank loans - 2-5 years 16,667 16,667
Bank loans >5 yr 12,037 17,593
34,260 42,281

Amounts falling due in more than five years:

Repayable by instalments
Bank loans >5 yr 12,037 17,593

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 42,369 59,211

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

GABLE JOINERY LIMITED (REGISTERED NUMBER: 09117950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


10. OTHER FINANCIAL COMMITMENTS

At 31st March 2023, the company had total commitment under non-cancellable operating leases over the remaining life of those leases of £16,769 ( 2022 - £67,077)

11. RELATED PARTY DISCLOSURES

Included in current liabilities are directors loans amounting to £111,824 (2022:£115,824) which are repayable on demand and on which no interest is being charged.