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REGISTERED NUMBER: 04681120 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Abels Joiners Limited

Abels Joiners Limited (Registered number: 04681120)

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


Abels Joiners Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: P B Abel





SECRETARY: P Abel





REGISTERED OFFICE: Unit 5
Mill House Lane
Sowerby Bridge
West Yorkshire
HX6 3LN





REGISTERED NUMBER: 04681120 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

Abels Joiners Limited (Registered number: 04681120)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,044 15,610

CURRENT ASSETS
Stocks 500 500
Debtors 5 33,481 28,347
Cash at bank - 11,889
33,981 40,736
CREDITORS
Amounts falling due within one year 6 30,113 33,425
NET CURRENT ASSETS 3,868 7,311
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,912

22,921

CREDITORS
Amounts falling due after more than one year 7 17,500 22,203
NET ASSETS 412 718

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 312 618
SHAREHOLDERS' FUNDS 412 718

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 28 November 2023 and were signed by:



P B Abel - Director


Abels Joiners Limited (Registered number: 04681120)

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


1. STATUTORY INFORMATION

Abels Joiners 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 represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tools & Equipment - 15% on reducing balance
Motor Vehicles - 25% on reducing balance
Computer Equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Abels Joiners Limited (Registered number: 04681120)

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


4. TANGIBLE FIXED ASSETS
Tools & Motor Computer
Equipment Vehicles Equipment Totals
£    £    £    £   
COST
At 1 April 2022 33,956 21,680 1,431 57,067
Additions - - 1,374 1,374
At 31 March 2023 33,956 21,680 2,805 58,441
DEPRECIATION
At 1 April 2022 23,719 16,590 1,148 41,457
Charge for year 1,536 1,273 131 2,940
At 31 March 2023 25,255 17,863 1,279 44,397
NET BOOK VALUE
At 31 March 2023 8,701 3,817 1,526 14,044
At 31 March 2022 10,237 5,090 283 15,610

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade Debtors 18,760 -
Other debtors 13,347 28,347
VAT 1,374 -
33,481 28,347

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 766 -
Hire purchase contracts 3,770 4,281
Trade Creditors 6,839 5,339
Tax 9,347 11,510
Social Security & Other Taxes 1,198 -
VAT - 4,210
Directors Loan Account 108 -
Accrued Expenses 8,085 8,085
30,113 33,425

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank Loan-2-5 Years 17,500 22,203

8. RELATED PARTY DISCLOSURES

The company is controlled by the company director.