RADFORD JOINERY LIMITED

Company Registration Number:
07497138 (England and Wales)

Unaudited statutory accounts for the year ended 29 March 2023

Period of accounts

Start date: 30 March 2022

End date: 29 March 2023

RADFORD JOINERY LIMITED

Contents of the Financial Statements

for the Period Ended 29 March 2023

Balance sheet
Additional notes
Balance sheet notes

RADFORD JOINERY LIMITED

Balance sheet

As at 29 March 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 29,826 23,683
Total fixed assets: 29,826 23,683
Current assets
Stocks: 4 23,750 54,950
Debtors: 5 39,222 66,564
Cash at bank and in hand: 16,856 17,418
Total current assets: 79,828 138,932
Creditors: amounts falling due within one year: 6 ( 52,582 ) ( 112,090 )
Net current assets (liabilities): 27,246 26,842
Total assets less current liabilities: 57,072 50,525
Provision for liabilities: ( 3,862 ) ( 1,666 )
Total net assets (liabilities): 53,210 48,859
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 53,110 48,759
Total Shareholders' funds: 53,210 48,859

The notes form part of these financial statements

RADFORD JOINERY LIMITED

Balance sheet statements

For the year ending 29 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 20 November 2023
and signed on behalf of the board by:

Name: Mr S A Radford
Status: Director

The notes form part of these financial statements

RADFORD JOINERY LIMITED

Notes to the Financial Statements

for the Period Ended 29 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Plant and machinery -20% reducing balance

    Valuation information and policy

    Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

    Other accounting policies

    The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period.

RADFORD JOINERY LIMITED

Notes to the Financial Statements

for the Period Ended 29 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 9 9

RADFORD JOINERY LIMITED

Notes to the Financial Statements

for the Period Ended 29 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 30 March 2022 82,763 82,763
Additions 13,600 13,600
Disposals
Revaluations
Transfers
At 29 March 2023 96,363 96,363
Depreciation
At 30 March 2022 59,080 59,080
Charge for year 7,457 7,457
On disposals
Other adjustments
At 29 March 2023 66,537 66,537
Net book value
At 29 March 2023 29,826 29,826
At 29 March 2022 23,683 23,683

RADFORD JOINERY LIMITED

Notes to the Financial Statements

for the Period Ended 29 March 2023

4. Stocks

2023 2022
£ £
Stocks 23,750 54,950
Total 23,750 54,950

RADFORD JOINERY LIMITED

Notes to the Financial Statements

for the Period Ended 29 March 2023

5. Debtors

2023 2022
£ £
Trade debtors 39,222 65,321
Other debtors 0 1,243
Total 39,222 66,564

RADFORD JOINERY LIMITED

Notes to the Financial Statements

for the Period Ended 29 March 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 31,575
Trade creditors 22,363 37,218
Taxation and social security 17,190 18,824
Other creditors 13,029 24,473
Total 52,582 112,090

RADFORD JOINERY LIMITED

Notes to the Financial Statements

for the Period Ended 29 March 2023

7. Loans to directors

The Director's current account remained in credit throughout the year.