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REGISTERED NUMBER: 01551965 (England and Wales)














JOINTWRIGHT LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2023






JOINTWRIGHT LIMITED (REGISTERED NUMBER: 01551965)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


JOINTWRIGHT LIMITED

Company Information
for the Year Ended 31 December 2023







Directors: Mrs S J Dandy
Mr D J Dandy
Ms E J Dandy
Mr J E O Dandy





Secretary: Mrs S J Dandy





Registered office: Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF





Registered number: 01551965 (England and Wales)





Accountants: Cobley Desborough
Chartered Certified Accountants
Chartered Tax Advisers
Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF

JOINTWRIGHT LIMITED (REGISTERED NUMBER: 01551965)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 31,650 30,282
Investment property 5 2,390,000 2,390,000
2,421,650 2,420,282

CURRENT ASSETS
Debtors 6 9,097 5,502
Cash at bank 51,713 37,689
60,810 43,191
CREDITORS
Amounts falling due within one year 7 8,422 11,244
NET CURRENT ASSETS 52,388 31,947
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,474,038

2,452,229

PROVISIONS FOR LIABILITIES 368,102 367,899
NET ASSETS 2,105,936 2,084,330

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Other reserves 1,610,103 1,609,494
Retained earnings 493,833 472,836
SHAREHOLDERS' FUNDS 2,105,936 2,084,330

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.

JOINTWRIGHT LIMITED (REGISTERED NUMBER: 01551965)

Balance Sheet - continued
31 December 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 29 July 2024 and were signed on its behalf by:





Mr D J Dandy - Director


JOINTWRIGHT LIMITED (REGISTERED NUMBER: 01551965)

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


1. STATUTORY INFORMATION

Jointwright 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

JOINTWRIGHT LIMITED (REGISTERED NUMBER: 01551965)

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


2. ACCOUNTING POLICIES - continued

Going concern
The current economic conditions present increased risks for all businesses. In response to such conditions, the director has carefully considered these risks, including an assessment of uncertainty on future trading projections for a period of at least twelve months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on this assessment, the director considers that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations of external liabilities.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the director considers that the Company is not exposed to losses of these assets which would affect their decision to adopt the going concern basis.

The director is therefore satisfied and has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern. Theses financial statements have therefore been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
Cost or valuation
At 1 January 2023 30,282
Additions 557
Revaluations 811
At 31 December 2023 31,650
Net book value
At 31 December 2023 31,650
At 31 December 2022 30,282

JOINTWRIGHT LIMITED (REGISTERED NUMBER: 01551965)

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


4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2018 (1,795 )
Valuation in 2019 2,825
Valuation in 2020 75
Valuation in 2021 2,279
Valuation in 2022 (2,552 )
Valuation in 2023 811
Cost 30,007
31,650

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 January 2023
and 31 December 2023 2,390,000
Net book value
At 31 December 2023 2,390,000
At 31 December 2022 2,390,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2017 1,796,561
Valuation in 2022 180,000
Cost 413,439
2,390,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 9,097 5,502

JOINTWRIGHT LIMITED (REGISTERED NUMBER: 01551965)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 4,854 8,036
Other creditors 3,568 3,208
8,422 11,244