IRIS Accounts Production v24.1.9.2 03846080 Board of Directors 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh038460802022-10-31038460802023-10-31038460802022-11-012023-10-31038460802021-10-31038460802021-11-012022-10-31038460802022-10-3103846080ns15:EnglandWales2022-11-012023-10-3103846080ns14:PoundSterling2022-11-012023-10-3103846080ns10:Director12022-11-012023-10-3103846080ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3103846080ns10:SmallEntities2022-11-012023-10-3103846080ns10:AuditExemptWithAccountantsReport2022-11-012023-10-3103846080ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3103846080ns10:FullAccounts2022-11-012023-10-3103846080ns10:Director22022-11-012023-10-3103846080ns10:CompanySecretary12022-11-012023-10-3103846080ns10:RegisteredOffice2022-11-012023-10-3103846080ns5:CurrentFinancialInstruments2023-10-3103846080ns5:CurrentFinancialInstruments2022-10-3103846080ns5:ShareCapital2023-10-3103846080ns5:ShareCapital2022-10-3103846080ns5:RetainedEarningsAccumulatedLosses2023-10-3103846080ns5:RetainedEarningsAccumulatedLosses2022-10-3103846080ns5:PlantMachinery2022-10-3103846080ns5:FurnitureFittings2022-10-3103846080ns5:MotorVehicles2022-10-3103846080ns5:PlantMachinery2022-11-012023-10-3103846080ns5:FurnitureFittings2022-11-012023-10-3103846080ns5:MotorVehicles2022-11-012023-10-3103846080ns5:PlantMachinery2023-10-3103846080ns5:FurnitureFittings2023-10-3103846080ns5:MotorVehicles2023-10-3103846080ns5:PlantMachinery2022-10-3103846080ns5:FurnitureFittings2022-10-3103846080ns5:MotorVehicles2022-10-3103846080ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3103846080ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-31
REGISTERED NUMBER: 03846080 (England and Wales)















A & D JOINERY & INTERIORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






A & D JOINERY & INTERIORS LIMITED (REGISTERED NUMBER: 03846080)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


A & D JOINERY & INTERIORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr A. Griffiths
Mrs D.A. Griffiths



SECRETARY: Mrs D.A. Griffiths



REGISTERED OFFICE: 15-17 Church Street
Stourbridge
West Midlands
DY8 1LU



REGISTERED NUMBER: 03846080 (England and Wales)



ACCOUNTANTS: Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU



BANKERS: Lloyds Bank plc
25 Wolverhampton Street
Dudley
West Midlands
DY1 1DT

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
A & D JOINERY & INTERIORS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A & D Joinery & Interiors Limited for the year ended 31 October 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of A & D Joinery & Interiors Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A & D Joinery & Interiors Limited and state those matters that we have agreed to state to the Board of Directors of A & D Joinery & Interiors Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A & D Joinery & Interiors Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A & D Joinery & Interiors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A & D Joinery & Interiors Limited. You consider that A & D Joinery & Interiors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A & D Joinery & Interiors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU


22 July 2024

A & D JOINERY & INTERIORS LIMITED (REGISTERED NUMBER: 03846080)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,399 21,573

CURRENT ASSETS
Stocks 5 39,000 39,000
Debtors 6 469,481 560,774
Cash at bank and in hand 128,749 21,925
637,230 621,699
CREDITORS
Amounts falling due within one year 7 434,820 417,340
NET CURRENT ASSETS 202,410 204,359
TOTAL ASSETS LESS CURRENT
LIABILITIES

238,809

225,932

PROVISIONS FOR LIABILITIES 9,100 4,099
NET ASSETS 229,709 221,833

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 229,707 221,831
SHAREHOLDERS' FUNDS 229,709 221,833

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

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

A & D JOINERY & INTERIORS LIMITED (REGISTERED NUMBER: 03846080)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 22 July 2024 and were signed on its behalf by:





Mr A. Griffiths - Director


A & D JOINERY & INTERIORS LIMITED (REGISTERED NUMBER: 03846080)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

A & D Joinery & Interiors 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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown net of value added tax. The fair value of consideration takes into account trade discounts.

Revenue from the supply of goods and services is recognised when:
- the significant risks and rewards of ownership of the goods have passed to the buyer, usually on completion of a stage of construction;
- the amount of the revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the entity; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

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-20% on reducing balance
Fixtures and fittings-20% on reducing balance
Motor vehicles-25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the disposal proceeds and the carrying value of the asset and is credited or charged to the income statement.

Stocks and work in progress
Stocks of materials are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell as a component of construction. Cost is based on the cost of purchase on a first in first out basis.

Work in progress represents construction services performed during the period but not billed until after the accounting date and is valued at the fair value of the consideration receivable in the normal course of business.

At each reporting date, an assessment is made for impairment, being any excess of the carrying amount of stocks and work in progress over its estimated selling price less costs to complete and sell. The impairment loss and any subsequent reversal is recognised in the income statement.


A & D JOINERY & INTERIORS LIMITED (REGISTERED NUMBER: 03846080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 11 (2022 - 11 ) .

A & D JOINERY & INTERIORS LIMITED (REGISTERED NUMBER: 03846080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022 58,666 21,623 29,136 109,425
Additions 21,105 1,005 - 22,110
At 31 October 2023 79,771 22,628 29,136 131,535
DEPRECIATION
At 1 November 2022 48,114 16,615 23,123 87,852
Charge for year 4,685 1,095 1,504 7,284
At 31 October 2023 52,799 17,710 24,627 95,136
NET BOOK VALUE
At 31 October 2023 26,972 4,918 4,509 36,399
At 31 October 2022 10,552 5,008 6,013 21,573

5. STOCKS
2023 2022
£    £   
Stocks 29,000 29,000
Work-in-progress 10,000 10,000
39,000 39,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 248,200 209,075
Amounts owed by group undertakings 211,026 351,268
Other debtors 10,255 431
469,481 560,774

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 127,425 77,877
Taxation and social security 62,552 40,023
Other creditors 244,843 299,440
434,820 417,340