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REGISTERED NUMBER: 04003505 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

East Yorkshire Joinery Limited

East Yorkshire Joinery Limited (Registered number: 04003505)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


East Yorkshire Joinery Limited

Company Information
for the Year Ended 31 December 2023







Directors: Mr R Porter
Mrs J E Porter
Mr J W Porter





Registered office: Catfoss Industrial Estate
Catfoss Lane
Brandesburton
Driffield
East Yorkshire
YO25 8EJ





Registered number: 04003505 (England and Wales)





Accountants: Ullyott Limited
6 George Street
Driffield
East Yorkshire
YO25 6RA

East Yorkshire Joinery Limited (Registered number: 04003505)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 95,583 113,114

CURRENT ASSETS
Stocks 154,343 113,120
Debtors 5 161,544 220,970
Cash at bank 138,466 95,308
454,353 429,398
CREDITORS
Amounts falling due within one year 6 257,952 218,691
NET CURRENT ASSETS 196,401 210,707
TOTAL ASSETS LESS CURRENT
LIABILITIES

291,984

323,821

CREDITORS
Amounts falling due after more than one
year

7

(34,286

)

(65,333

)

PROVISIONS FOR LIABILITIES 8 (23,326 ) (20,964 )
NET ASSETS 234,372 237,524

CAPITAL AND RESERVES
Called up share capital 9 60 60
Retained earnings 234,312 237,464
SHAREHOLDERS' FUNDS 234,372 237,524

East Yorkshire Joinery Limited (Registered number: 04003505)

Balance Sheet - continued
31 December 2023


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

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

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2024 and were signed on its behalf by:





Mr R Porter - Director


East Yorkshire Joinery Limited (Registered number: 04003505)

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

1. STATUTORY INFORMATION

East Yorkshire 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 50% on reducing balance and 15% on reducing balance
Fixtures and fittings - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.


East Yorkshire Joinery Limited (Registered number: 04003505)

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

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 12 ) .

East Yorkshire Joinery Limited (Registered number: 04003505)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 345,498 20,078 8,950 374,526
DEPRECIATION
At 1 January 2023 238,002 14,460 8,950 261,412
Charge for year 16,125 1,406 - 17,531
At 31 December 2023 254,127 15,866 8,950 278,943
NET BOOK VALUE
At 31 December 2023 91,371 4,212 - 95,583
At 31 December 2022 107,496 5,618 - 113,114

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 121,650
DEPRECIATION
At 1 January 2023 45,374
Charge for year 11,441
At 31 December 2023 56,815
NET BOOK VALUE
At 31 December 2023 64,835
At 31 December 2022 76,276

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 158,344 218,372
Prepayments 3,200 2,598
161,544 220,970

East Yorkshire Joinery Limited (Registered number: 04003505)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 16,320 16,364
Hire purchase contracts 15,243 18,779
Trade creditors 178,527 143,069
Corporation tax 22,986 532
Social security and other taxes 3,843 3,182
VAT 11,850 28,040
Other creditors 1,883 1,475
Accrued expenses 7,300 7,250
257,952 218,691

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Other loans - 1-2 years 24,630 40,434
Hire purchase contracts 9,656 24,899
34,286 65,333

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 23,326 20,964

Deferred
tax
£   
Balance at 1 January 2023 20,964
Provided during year 2,362
Balance at 31 December 2023 23,326

East Yorkshire Joinery Limited (Registered number: 04003505)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
30 Ordinary £1 30 30
20 A Ordinary £1 20 20
5 B Ordinary £1 5 5
5 C Ordinary £1 5 5
60 60