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REGISTERED NUMBER: 09117950 (England and Wales)



















GABLE JOINERY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






GABLE JOINERY LIMITED (REGISTERED NUMBER: 09117950)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


GABLE JOINERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr E A Smith
Mrs H Smith
Mr J G Plaskitt





REGISTERED OFFICE: 6 Gables Close
Holmewood
CHESTERFIELD
Derbyshire
S42 5RJ





REGISTERED NUMBER: 09117950 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

GABLE JOINERY LIMITED (REGISTERED NUMBER: 09117950)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 135,270 158,735

CURRENT ASSETS
Stocks 17,396 18,823
Debtors 5 250,156 219,317
Cash at bank 186,403 107,418
453,955 345,558
CREDITORS
Amounts falling due within one year 6 264,272 228,721
NET CURRENT ASSETS 189,683 116,837
TOTAL ASSETS LESS CURRENT LIABILITIES 324,953 275,572

CREDITORS
Amounts falling due after more than one year 7 (28,705 ) (34,260 )

PROVISIONS FOR LIABILITIES (30,600 ) (30,160 )
NET ASSETS 265,648 211,152

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 265,548 211,052
SHAREHOLDERS' FUNDS 265,648 211,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

GABLE JOINERY LIMITED (REGISTERED NUMBER: 09117950)

BALANCE SHEET - continued
31 MARCH 2024


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 4 September 2024 and were signed on its behalf by:





Mr E A Smith - Director


GABLE JOINERY LIMITED (REGISTERED NUMBER: 09117950)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Gable 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. 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 33% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 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

GABLE JOINERY LIMITED (REGISTERED NUMBER: 09117950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 411,918 765 15,500 1,515 429,698
Additions 256 - - 1,324 1,580
At 31 March 2024 412,174 765 15,500 2,839 431,278
DEPRECIATION
At 1 April 2023 262,134 260 7,054 1,515 270,963
Charge for year 22,493 76 2,112 364 25,045
At 31 March 2024 284,627 336 9,166 1,879 296,008
NET BOOK VALUE
At 31 March 2024 127,547 429 6,334 960 135,270
At 31 March 2023 149,784 505 8,446 - 158,735

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 238,308 209,887
Prepayments and accrued income 11,848 9,430
250,156 219,317

GABLE JOINERY LIMITED (REGISTERED NUMBER: 09117950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,556 8,109
Trade creditors 66,712 81,349
Corporation tax 29,744 173
Social security and other taxes 7,189 4,469
VAT 29,863 17,784
Other creditors 9,092 939
Directors' current accounts 111,824 111,824
Accruals and deferred income 4,292 4,074
264,272 228,721

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,556 5,556
Bank loans - 2-5 years 16,667 16,667
Bank loans >5 yr 6,482 12,037
28,705 34,260

Amounts falling due in more than five years:

Repayable by instalments
Bank loans >5 yr 6,482 12,037

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 34,261 42,369

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. OTHER FINANCIAL COMMITMENTS

At 31st March 2024, the company had total commitment under non-cancellable operating leases over the remaining life of those leases of £192,843 ( 2023 - £16,769).

GABLE JOINERY LIMITED (REGISTERED NUMBER: 09117950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


11. RELATED PARTY DISCLOSURES

Included in current liabilities are directors loans amounting to £111,824 (2023:£111,824) which are repayable on demand and on which no interest is being charged.