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REGISTERED NUMBER: 10058129 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 August 2023

for

John George Fine Cabinetry Limited

John George Fine Cabinetry Limited (Registered number: 10058129)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


John George Fine Cabinetry Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: Mr J G Potts





REGISTERED OFFICE: Norfolk House
Hardwick Square North
Buxton
Derbyshire
SK17 6PU





REGISTERED NUMBER: 10058129 (England and Wales)





ACCOUNTANTS: BullockWoodburn Limited
Norfolk House
Hardwick Square North
Buxton
SK17 6PU

John George Fine Cabinetry Limited (Registered number: 10058129)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 44,482 18,857
44,482 18,857

CURRENT ASSETS
Debtors 6 39,840 17,086

CREDITORS
Amounts falling due within one year 7 45,517 30,903
NET CURRENT LIABILITIES (5,677 ) (13,817 )
TOTAL ASSETS LESS CURRENT LIABILITIES 38,805 5,040

CREDITORS
Amounts falling due after more than one
year

8

(21,348

)

(15,541

)

PROVISIONS FOR LIABILITIES (8,452 ) -
NET ASSETS/(LIABILITIES) 9,005 (10,501 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 8,905 (10,601 )
SHAREHOLDERS' FUNDS 9,005 (10,501 )

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

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

John George Fine Cabinetry Limited (Registered number: 10058129)

Balance Sheet - continued
31 August 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 2 January 2024 and were signed by:





Mr J G Potts - Director


John George Fine Cabinetry Limited (Registered number: 10058129)

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

1. STATUTORY INFORMATION

John George Fine Cabinetry 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

John George Fine Cabinetry Limited (Registered number: 10058129)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern
After reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore adopts the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 10,000
AMORTISATION
At 1 September 2022
and 31 August 2023 10,000
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

John George Fine Cabinetry Limited (Registered number: 10058129)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 37,981 250 901 741 39,873
Additions 10,720 2,139 21,000 - 33,859
Disposals - - (901 ) - (901 )
At 31 August 2023 48,701 2,389 21,000 741 72,831
DEPRECIATION
At 1 September 2022 19,667 139 714 496 21,016
Charge for year 3,767 258 3,960 81 8,066
Eliminated on disposal - - (733 ) - (733 )
At 31 August 2023 23,434 397 3,941 577 28,349
NET BOOK VALUE
At 31 August 2023 25,267 1,992 17,059 164 44,482
At 31 August 2022 18,314 111 187 245 18,857

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 21,000
At 31 August 2023 21,000
DEPRECIATION
Charge for year 3,941
At 31 August 2023 3,941
NET BOOK VALUE
At 31 August 2023 17,059

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 36,295 10,447
Amounts recoverable
on contract 2,974 -
Directors' current accounts - 6,115
Prepayments 571 524
39,840 17,086

John George Fine Cabinetry Limited (Registered number: 10058129)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,499 7,532
Hire purchase contracts 4,123 -
Trade creditors 6,966 500
Tax 5,410 15
Social security and other taxes (3,455 ) (1,365 )
VAT 18,041 19,414
Directors' current accounts 1,446 -
Accrued expenses 4,487 4,807
45,517 30,903

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,571 5,400
Bank loans - 2-5 years 4,164 10,141
Hire purchase contracts 11,613 -
21,348 15,541

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Class 1 Ordinary £1 100 100