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REGISTERED NUMBER: 06713347 (England and Wales)











Unaudited Financial Statements

for the Year Ended

31 March 2023

for

Mark Worthington Joinery Limited

Mark Worthington Joinery Limited (Registered number: 06713347)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Mark Worthington Joinery Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: M Worthington





REGISTERED OFFICE: The Saw Mill
Bamford Road
Ramsbottom
Bury
Lancashire
BL0 0RT





REGISTERED NUMBER: 06713347 (England and Wales)





ACCOUNTANTS: Mosley & Co
14 Market Place
Ramsbottom
Bury
Lancashire
BL0 9HT

Mark Worthington Joinery Limited (Registered number: 06713347)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,149 38,708

CURRENT ASSETS
Stocks 5,200 1,700
Debtors 5 5,482 3,324
Cash at bank and in hand 1,269 656
11,951 5,680
CREDITORS
Amounts falling due within one year 6 55,757 50,149
NET CURRENT LIABILITIES (43,806 ) (44,469 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,657

)

(5,761

)

CREDITORS
Amounts falling due after more than
one year

7

(8,741

)

(12,237

)

PROVISIONS FOR LIABILITIES 8 (826 ) (1,351 )
NET LIABILITIES (19,224 ) (19,349 )

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 10 (19,234 ) (19,359 )
SHAREHOLDERS' FUNDS (19,224 ) (19,349 )

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.

Mark Worthington Joinery Limited (Registered number: 06713347)

Statement of Financial Position - 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 director and authorised for issue on 23 November 2023 and were signed by:





M Worthington - Director


Mark Worthington Joinery Limited (Registered number: 06713347)

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

1. STATUTORY INFORMATION

Mark Worthington 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.
Land and buildings - 5% on reducing balance
Plant and machinery etc - 20% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Mark Worthington Joinery Limited (Registered number: 06713347)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 34,174 55,028 89,202
Additions - 200 200
At 31 March 2023 34,174 55,228 89,402
DEPRECIATION
At 1 April 2022 2,665 47,829 50,494
Charge for year 1,709 3,050 4,759
At 31 March 2023 4,374 50,879 55,253
NET BOOK VALUE
At 31 March 2023 29,800 4,349 34,149
At 31 March 2022 31,509 7,199 38,708

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 2,806 2,825
Other debtors 2,676 499
5,482 3,324

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 3,496 5,026
Trade creditors 11,029 5,300
Taxation and social security - 169
Other creditors 41,232 39,654
55,757 50,149

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 8,741 12,237

Mark Worthington Joinery Limited (Registered number: 06713347)

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

8. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 826 1,351

Deferred
tax
£   
Balance at 1 April 2022 1,351
Provided during year (525 )
Balance at 31 March 2023 826

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
10 Ordinary shares £1 10 10

10. RESERVES
Retained
earnings
£   

At 1 April 2022 (19,359 )
Profit for the year 125
At 31 March 2023 (19,234 )

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is the director, by virtue of his ownership of 100% of the issued share capital.