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REGISTERED NUMBER: 04495526 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

S P COUSINS JOINERY LIMITED

S P COUSINS JOINERY LIMITED (REGISTERED NUMBER: 04495526)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S P COUSINS JOINERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: S P Cousins



SECRETARY: Mrs H J Cousins



REGISTERED OFFICE: The Lodge, Beacon End Farmhouse
London Road
Stanway
Colchester
Essex
CO3 0NQ



REGISTERED NUMBER: 04495526 (England and Wales)



ACCOUNTANTS: RE Group Accountants Limited
The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ



BANKERS: Santander
Business Banking Centre
PO Box 126
Newport
Gwent
NP19 7UP

S P COUSINS JOINERY LIMITED (REGISTERED NUMBER: 04495526)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,544 82,238
Investments 5 642,139 496,853
716,683 579,091

CURRENT ASSETS
Stocks 6,000 6,000
Debtors 6 76,149 92,694
Cash at bank and in hand 333,130 361,570
415,279 460,264
CREDITORS
Amounts falling due within one year 7 38,006 26,657
NET CURRENT ASSETS 377,273 433,607
TOTAL ASSETS LESS CURRENT LIABILITIES 1,093,956 1,012,698

CREDITORS
Amounts falling due after more than one
year

8

(2,904

)

(6,720

)

PROVISIONS FOR LIABILITIES (14,790 ) (12,715 )
NET ASSETS 1,076,262 993,263

CAPITAL AND RESERVES
Called up share capital 20 20
Revaluation reserve 9 175,230 134,344
Retained earnings 901,012 858,899
SHAREHOLDERS' FUNDS 1,076,262 993,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

S P COUSINS JOINERY LIMITED (REGISTERED NUMBER: 04495526)

BALANCE SHEET - continued
30 SEPTEMBER 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 26 March 2024 and were signed by:





S P Cousins - Director


S P COUSINS JOINERY LIMITED (REGISTERED NUMBER: 04495526)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

S P Cousins 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts receivable for joinery services, net of VAT.

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 - 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.

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.

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.

Work in progress
Accrued Income has been provided under the provisions of UITF40.

S P COUSINS JOINERY LIMITED (REGISTERED NUMBER: 04495526)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued

Investments
Fixed asset investments are stated at open market value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2022 15,318 175,522 19,889 18,816 229,545
Additions - 1,690 923 - 2,613
At 30 September 2023 15,318 177,212 20,812 18,816 232,158
DEPRECIATION
At 1 October 2022 - 117,486 12,130 17,691 147,307
Charge for year - 8,775 1,251 281 10,307
At 30 September 2023 - 126,261 13,381 17,972 157,614
NET BOOK VALUE
At 30 September 2023 15,318 50,951 7,431 844 74,544
At 30 September 2022 15,318 58,036 7,759 1,125 82,238

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 October 2022 496,853
Additions 104,400
Revaluations 40,886
At 30 September 2023 642,139
NET BOOK VALUE
At 30 September 2023 642,139
At 30 September 2022 496,853

S P COUSINS JOINERY LIMITED (REGISTERED NUMBER: 04495526)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 September 2023 is represented by:

Other
investments
£   
Valuation in 2014 29,694
Valuation in 2015 3,976
Valuation in 2016 23,660
Valuation in 2017 40,813
Valuation in 2018 28,524
Valuation in 2019 24,604
Valuation in 2020 (23,781 )
Valuation in 2021 81,867
Valuation in 2022 (311,131 )
Valuation in 2023 45,286
Cost 698,627
642,139

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 74,454 82,470
Other debtors 1,695 10,224
76,149 92,694

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,820 6,222
Taxation and social security 33,916 18,270
Other creditors 2,270 2,165
38,006 26,657

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 2,904 6,720

S P COUSINS JOINERY LIMITED (REGISTERED NUMBER: 04495526)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9. RESERVES
Revaluation
reserve
£   
At 1 October 2022 134,344
Revaluation in the year 40,886

At 30 September 2023 175,230