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REGISTERED NUMBER: 08773906 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

GB JOINERY LIMITED

GB JOINERY LIMITED (REGISTERED NUMBER: 08773906)






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


GB JOINERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: L Parrott
Mrs C Parrott





REGISTERED OFFICE: Unit 7 & 8 The Hollygate
Albert Street
Stockport
SK3 0BD





REGISTERED NUMBER: 08773906 (England and Wales)





ACCOUNTANTS: RfM Manchester Ltd
C/o Alexander Bursk
Parkgates, Bury New Road
Prestwich
Manchester
Greater Manchester
M25 0JW

GB JOINERY LIMITED (REGISTERED NUMBER: 08773906)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 79,117 108,113

CURRENT ASSETS
Stocks 41,100 68,600
Debtors 6 23,853 62,553
Cash at bank and in hand 146,310 166,985
211,263 298,138
CREDITORS
Amounts falling due within one year 7 181,147 302,960
NET CURRENT ASSETS/(LIABILITIES) 30,116 (4,822 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,233

103,291

CREDITORS
Amounts falling due after more than one
year

8

(3,329

)

(7,768

)

PROVISIONS FOR LIABILITIES (19,779 ) (20,684 )
NET ASSETS 86,125 74,839

CAPITAL AND RESERVES
Called up share capital 1 1
Capital redemption reserve (315,000 ) (315,000 )
Retained earnings 401,124 389,838
86,125 74,839

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.

GB JOINERY LIMITED (REGISTERED NUMBER: 08773906)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





L Parrott - Director


GB JOINERY LIMITED (REGISTERED NUMBER: 08773906)

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

1. STATUTORY INFORMATION

GB 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost and 25% on reducing balance

STOCKS
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Stocks and work in progress are stated at the lower of cost and estimated costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Estimated selling price less costs to complete and sell is based on the estimated selling price of the goods less any estimated completion or selling costs likely to be incurred on the sale.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


GB JOINERY LIMITED (REGISTERED NUMBER: 08773906)

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

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 17 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 499,660
DEPRECIATION
At 1 December 2022 391,547
Charge for year 28,996
At 30 November 2023 420,543
NET BOOK VALUE
At 30 November 2023 79,117
At 30 November 2022 108,113

The plant and machinery is included at directors' valuation.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,671 51,273
Other debtors 8,182 11,280
23,853 62,553

GB JOINERY LIMITED (REGISTERED NUMBER: 08773906)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 4,439 4,439
Payments on account 10,824 162,146
Trade creditors 67,971 63,358
Taxation and social security 64,979 44,744
Other creditors 32,934 28,273
181,147 302,960

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 3,329 7,768

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Gross obligations repayable:
Within one year 4,947 4,947
Between one and five years 3,710 8,657
8,657 13,604

Finance charges repayable:
Within one year 508 508
Between one and five years 381 889
889 1,397

Net obligations repayable:
Within one year 4,439 4,439
Between one and five years 3,329 7,768
7,768 12,207

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 7,768 12,207

Hire Purchase creditor is secured against specific plant and machinery within Fixed Assets.

GB JOINERY LIMITED (REGISTERED NUMBER: 08773906)

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

11. RELATED PARTY DISCLOSURES

During the year, the company traded with it's parent company, Reddish Joinery Ltd.
Transactions between the companies were sales of £565,251 (2022 - £566,820) and purchases of £23,989 (2022 - £42,592).

12. ULTIMATE CONTROLLING PARTY

The ultimate control of the company is held by the Directors.