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REGISTERED NUMBER: 05252076 (England and Wales)























Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Dovetail Joinery (Preston) Limited

Dovetail Joinery (Preston) Limited (Registered number: 05252076)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Dovetail Joinery (Preston) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr A Leadbetter





REGISTERED OFFICE: 316 Blackpool Road
Fulwood
PRESTON
Lancashire
PR2 3AE





REGISTERED NUMBER: 05252076 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Dovetail Joinery (Preston) Limited (Registered number: 05252076)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,370 2,057

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 5 28,913 6,265
Cash at bank 17,463 38,430
49,376 47,695
CREDITORS
Amounts falling due within one year 6 50,369 37,873
NET CURRENT (LIABILITIES)/ASSETS (993 ) 9,822
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,377

11,879

CREDITORS
Amounts falling due after more than one
year

7

(18,173

)

(10,506

)

PROVISIONS FOR LIABILITIES (8,593 ) (391 )
NET ASSETS 6,611 982

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 6,610 981
SHAREHOLDERS' FUNDS 6,611 982

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 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.

Dovetail Joinery (Preston) Limited (Registered number: 05252076)

Statement of Financial Position - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2024 and were signed by:





Mr A Leadbetter - Director


Dovetail Joinery (Preston) Limited (Registered number: 05252076)

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


1. STATUTORY INFORMATION

Dovetail Joinery (Preston) 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.

Where applicable turnover includes the value of any unbilled work in progress relating to work completed but not yet invoiced at the year end date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Dovetail Joinery (Preston) Limited (Registered number: 05252076)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 18,242 19,635 3,314 41,191
Additions - 43,935 - 43,935
At 31 December 2023 18,242 63,570 3,314 85,126
DEPRECIATION
At 1 January 2023 16,953 19,373 2,808 39,134
Charge for year 322 11,049 251 11,622
At 31 December 2023 17,275 30,422 3,059 50,756
NET BOOK VALUE
At 31 December 2023 967 33,148 255 34,370
At 31 December 2022 1,289 262 506 2,057

Dovetail Joinery (Preston) Limited (Registered number: 05252076)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 43,935
At 31 December 2023 43,935
DEPRECIATION
Charge for year 10,984
At 31 December 2023 10,984
NET BOOK VALUE
At 31 December 2023 32,951

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 28,591 -
Other debtors 322 6,265
28,913 6,265

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 5,000 -
Trade creditors 19,989 1,157
Taxation and social security 18,207 10,366
Other creditors 7,173 26,350
50,369 37,873

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 11,667 -
Other creditors 6,506 10,506
18,173 10,506

Dovetail Joinery (Preston) Limited (Registered number: 05252076)

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


8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bounce Back Loan 10,506 14,506

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from HSBC Bank PLC in the year.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Mr A Leadbetter
Balance outstanding at start of year 5,980 -
Amounts advanced - 5,980
Amounts repaid (5,980 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,980