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REGISTERED NUMBER: 08261639 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

HIRD JOINERY LIMITED

HIRD JOINERY LIMITED (REGISTERED NUMBER: 08261639)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HIRD JOINERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Simon Hird
Sarah Hird





REGISTERED OFFICE: 1 Mossy Bank Close
Queensbury
Bradford
West Yorkshire
BD13 1PX





REGISTERED NUMBER: 08261639 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
1 Valley Court
Canal Road
Bradford
West Yorkshire
BD1 4SP

HIRD JOINERY LIMITED (REGISTERED NUMBER: 08261639)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 90,239 116,059

CURRENT ASSETS
Stocks 45,502 60,542
Debtors 5 111,240 166,005
Cash at bank and in hand 14,915 45,695
171,657 272,242
CREDITORS
Amounts falling due within one year 6 130,871 188,801
NET CURRENT ASSETS 40,786 83,441
TOTAL ASSETS LESS CURRENT
LIABILITIES

131,025

199,500

CREDITORS
Amounts falling due after more than
one year

7

(57,488

)

(76,306

)

PROVISIONS FOR LIABILITIES (17,145 ) (22,051 )
NET ASSETS 56,392 101,143

CAPITAL AND RESERVES
Called up share capital 1 1
Profit and loss account 56,391 101,142
56,392 101,143

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.

HIRD JOINERY LIMITED (REGISTERED NUMBER: 08261639)

BALANCE SHEET - 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





Simon Hird - Director


HIRD JOINERY LIMITED (REGISTERED NUMBER: 08261639)

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

1. STATUTORY INFORMATION

Hird 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% 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 Profit and Loss Account, 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.

HIRD JOINERY LIMITED (REGISTERED NUMBER: 08261639)

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

2. ACCOUNTING POLICIES - continued

HIRE PURCHASE COMMITMENTS
Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future charges, are included in creditors.

INCOME RECOGNITION
Revenue is recognised to the extent that is probable that the economic benefits will flow to the company and revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

FINANCE COSTS OF DEBT
The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022 9,535 2,724 166,441 178,700
Additions 4,260 - - 4,260
At 31 October 2023 13,795 2,724 166,441 182,960
DEPRECIATION
At 1 November 2022 3,489 1,426 57,726 62,641
Charge for year 2,576 325 27,179 30,080
At 31 October 2023 6,065 1,751 84,905 92,721
NET BOOK VALUE
At 31 October 2023 7,730 973 81,536 90,239
At 31 October 2022 6,046 1,298 108,715 116,059

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 32,092 68,758
Amounts owed by associates 49,347 40,347
Other debtors 29,801 56,900
111,240 166,005

HIRD JOINERY LIMITED (REGISTERED NUMBER: 08261639)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 13,675 13,041
Trade creditors 31,770 15,300
Taxation and social security 13,322 28,405
Other creditors 72,104 132,055
130,871 188,801

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 57,488 76,306

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 71,163 89,347

The obligations under finance leases and hire purchase contracts are secured by a charge on the assets purchased under these agreements.

9. PENSION COMMITMENTS

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £3,831 (2022: £4,597).Contributions totalling £386 (2022: £107) were payable to the plan at the year end and are included in creditors.