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REGISTERED NUMBER: 04967793 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Mayfield Timber & Joinery Co Ltd

Mayfield Timber & Joinery Co Ltd (Registered number: 04967793)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mayfield Timber & Joinery Co Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: B Spooner





SECRETARY: Mrs S Spooner





REGISTERED OFFICE: 113 Pelsall Rd
Walsall
West Midlands
WS8 7DL





REGISTERED NUMBER: 04967793 (England and Wales)





ACCOUNTANTS: Paterson Brodie Limited
Chartered Certified Accountants
Cliveden Chambers
Cliveden Place
Longton
Stoke-on-Trent
Staffordshire
ST3 4JB

Mayfield Timber & Joinery Co Ltd (Registered number: 04967793)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 11,056 14,080
11,056 14,080

CURRENT ASSETS
Stocks 200 400
Debtors 6 852 506
Cash at bank 15,205 26,489
16,257 27,395
CREDITORS
Amounts falling due within one year 7 11,944 18,448
NET CURRENT ASSETS 4,313 8,947
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,369

23,027

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 15,368 23,026
15,369 23,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Mayfield Timber & Joinery Co Ltd (Registered number: 04967793)

Balance Sheet - continued
30 November 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 20 August 2024 and were signed by:





B Spooner - Director


Mayfield Timber & Joinery Co Ltd (Registered number: 04967793)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Mayfield Timber & Joinery Co Ltd 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 0, is being amortised evenly over its estimated useful life of nil 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.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Mayfield Timber & Joinery Co Ltd (Registered number: 04967793)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 15,000
AMORTISATION
At 1 December 2022
and 30 November 2023 15,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 38,036 35,896 738 74,670
Additions - - 662 662
At 30 November 2023 38,036 35,896 1,400 75,332
DEPRECIATION
At 1 December 2022 34,621 25,231 738 60,590
Charge for year 854 2,666 166 3,686
At 30 November 2023 35,475 27,897 904 64,276
NET BOOK VALUE
At 30 November 2023 2,561 7,999 496 11,056
At 30 November 2022 3,415 10,665 - 14,080

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors - 366
Other debtors 852 140
852 506

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Taxation and social security 456 4,075
Other creditors 11,488 14,373
11,944 18,448