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REGISTERED NUMBER: 03762216 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Bale Joinery Ltd

Bale Joinery Ltd (Registered number: 03762216)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bale Joinery Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: D S Bale
M Fullwood





REGISTERED OFFICE: Unit 601 Central Park Trading Estate
Petherton Road
Hengrove
Bristol
BS14 9BZ





REGISTERED NUMBER: 03762216 (England and Wales)





ACCOUNTANTS: Stanley Joseph Limited
Chartered Accountants
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST

Bale Joinery Ltd (Registered number: 03762216)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,001 19,717

CURRENT ASSETS
Stocks 9,500 9,500
Debtors 5 95,926 114,985
Cash at bank 30,078 22,034
135,504 146,519
CREDITORS
Amounts falling due within one year 6 44,452 37,775
NET CURRENT ASSETS 91,052 108,744
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,053

128,461

PROVISIONS FOR LIABILITIES 4,370 3,746
NET ASSETS 109,683 124,715

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 109,583 124,615
109,683 124,715

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Bale Joinery Ltd (Registered number: 03762216)

Balance Sheet - continued
31 May 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 1 February 2024 and were signed on its behalf by:




D S Bale - Director



M Fullwood - Director


Bale Joinery Ltd (Registered number: 03762216)

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

1. STATUTORY INFORMATION

Bale Joinery Ltd 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 amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Bale Joinery Ltd (Registered number: 03762216)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 128,533
Additions 14,054
Disposals (5,515 )
At 31 May 2023 137,072
DEPRECIATION
At 1 June 2022 108,816
Charge for year 7,668
Eliminated on disposal (2,413 )
At 31 May 2023 114,071
NET BOOK VALUE
At 31 May 2023 23,001
At 31 May 2022 19,717

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 68,979 57,414
Other debtors 26,947 57,571
95,926 114,985

Bale Joinery Ltd (Registered number: 03762216)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 23,953 11,221
Taxation and social security 19,089 20,845
Other creditors 1,410 5,709
44,452 37,775

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Mr D Bale
Director

20232022

Dividends£11,646-

Capital introduced/(withdrawn)£18,370(£458)

At the year end, the director owed the company £5,000 (2022 £23,370). This balance has been repaid in full within 9 months of the year end date.

Mr M Fullwood
Director

20232022

Dividends--

Capital introduced/(withdrawn)--

At the year end, the company owed the director £nil (2022 £nil).