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REGISTERED NUMBER: 04088751 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

NORRAY JOINERY LIMITED

NORRAY JOINERY LIMITED (REGISTERED NUMBER: 04088751)






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


NORRAY JOINERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: A Liquorish
Mrs S Liquorish





SECRETARY: Mrs S Liquorish





REGISTERED OFFICE: 10 Scotland Lane
Houghton on the Hill
Leicestershire
LE7 9GH





REGISTERED NUMBER: 04088751 (England and Wales)






NORRAY JOINERY LIMITED (REGISTERED NUMBER: 04088751)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 151,693 153,916

CURRENT ASSETS
Debtors 5 122,048 201,495
Cash at bank 39,252 12,375
161,300 213,870
CREDITORS
Amounts falling due within one year 6 126,168 124,808
NET CURRENT ASSETS 35,132 89,062
TOTAL ASSETS LESS CURRENT
LIABILITIES

186,825

242,978

CREDITORS
Amounts falling due after more than one
year

7

(140,985

)

(164,938

)

PROVISIONS FOR LIABILITIES (298 ) (388 )
NET ASSETS 45,542 77,652

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 45,540 77,650
45,542 77,652

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 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.

NORRAY JOINERY LIMITED (REGISTERED NUMBER: 04088751)

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 Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:





A Liquorish - Director


NORRAY JOINERY LIMITED (REGISTERED NUMBER: 04088751)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Norray 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.

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.

Hire purchase and leasing commitments
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 6 (2022 - 6 ) .

NORRAY JOINERY LIMITED (REGISTERED NUMBER: 04088751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2022 175,000 25,191 1,307
Disposals - - -
At 30 November 2023 175,000 25,191 1,307
DEPRECIATION
At 1 December 2022 23,125 23,890 966
Charge for year 1,750 325 68
Eliminated on disposal - - -
At 30 November 2023 24,875 24,215 1,034
NET BOOK VALUE
At 30 November 2023 150,125 976 273
At 30 November 2022 151,875 1,301 341

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 59,935 4,010 265,443
Disposals - (4,010 ) (4,010 )
At 30 November 2023 59,935 - 261,433
DEPRECIATION
At 1 December 2022 59,536 4,010 111,527
Charge for year 80 - 2,223
Eliminated on disposal - (4,010 ) (4,010 )
At 30 November 2023 59,616 - 109,740
NET BOOK VALUE
At 30 November 2023 319 - 151,693
At 30 November 2022 399 - 153,916

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,127 129,242
Directors' current accounts 80,262 72,253
VAT 5,317 -
Prepayments and accrued income 14,342 -
122,048 201,495

NORRAY JOINERY LIMITED (REGISTERED NUMBER: 04088751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 107,206 42,816
Tax 2,058 13,679
Social security and other taxes 9,392 2,943
VAT - 34,820
Accrued expenses 7,512 30,550
126,168 124,808

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 140,985 164,938

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £38,750 were paid to the directors .

As at the year ended 30 November 2023, there was a balance due from the directors, Mr A Liquorish & Mrs S Liquorish, of £80,262 (2023 £72,253). This amount is included in debtors on the balance sheet and has been repaid within nine months of the year-end.