IRIS Accounts Production v24.2.0.383 10995796 director 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh109957962023-03-31109957962024-03-31109957962023-04-012024-03-31109957962022-03-31109957962022-04-012023-03-31109957962023-03-3110995796ns15:EnglandWales2023-04-012024-03-3110995796ns14:PoundSterling2023-04-012024-03-3110995796ns10:Director12023-04-012024-03-3110995796ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110995796ns10:SmallEntities2023-04-012024-03-3110995796ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3110995796ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110995796ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110995796ns10:FullAccounts2023-04-012024-03-311099579612023-04-012024-03-3110995796ns10:OrdinaryShareClass12023-04-012024-03-3110995796ns10:RegisteredOffice2023-04-012024-03-3110995796ns5:CurrentFinancialInstruments2024-03-3110995796ns5:CurrentFinancialInstruments2023-03-3110995796ns5:ShareCapital2024-03-3110995796ns5:ShareCapital2023-03-3110995796ns5:RetainedEarningsAccumulatedLosses2024-03-3110995796ns5:RetainedEarningsAccumulatedLosses2023-03-3110995796ns5:NetGoodwill2023-04-012024-03-3110995796ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3110995796ns5:PlantMachinery2023-04-012024-03-3110995796ns5:FurnitureFittings2023-04-012024-03-3110995796ns5:ComputerEquipment2023-04-012024-03-3110995796ns5:NetGoodwill2023-03-3110995796ns5:NetGoodwill2024-03-3110995796ns5:NetGoodwill2023-03-3110995796ns5:PlantMachinery2023-03-3110995796ns5:PlantMachinery2024-03-3110995796ns5:PlantMachinery2023-03-3110995796ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3110995796ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3110995796ns5:DeferredTaxation2023-03-3110995796ns5:DeferredTaxation2023-04-012024-03-3110995796ns5:DeferredTaxation2024-03-3110995796ns10:OrdinaryShareClass12024-03-3110995796ns5:RetainedEarningsAccumulatedLosses2023-03-3110995796ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31109957961ns10:Director12023-03-31109957961ns10:Director12022-03-31109957961ns10:Director12023-04-012024-03-31109957961ns10:Director12022-04-012023-03-31109957961ns10:Director12024-03-31109957961ns10:Director12023-03-31
REGISTERED NUMBER: 10995796 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

LONDON CUSTOM JOINERY LIMITED

LONDON CUSTOM JOINERY LIMITED (REGISTERED NUMBER: 10995796)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

LONDON CUSTOM JOINERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: A J Strevens





REGISTERED OFFICE: 13 Fletcher Road
London
W4 5AT





REGISTERED NUMBER: 10995796 (England and Wales)





ACCOUNTANTS: MDH
Chartered Certified Accountants
21 Stafford Road
Croydon
Surrey
CR0 4NG

LONDON CUSTOM JOINERY LIMITED (REGISTERED NUMBER: 10995796)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,440 10,550
Tangible assets 5 3,707 4,942
12,147 15,492

CURRENT ASSETS
Stocks 6 47,585 542
Debtors 7 48,529 115,215
Cash at bank 41,799 37,111
137,913 152,868
CREDITORS
Amounts falling due within one year 8 45,360 76,909
NET CURRENT ASSETS 92,553 75,959
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,700

91,451

PROVISIONS FOR LIABILITIES 9 1,898 767
NET ASSETS 102,802 90,684

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 102,800 90,682
SHAREHOLDERS' FUNDS 102,802 90,684

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 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.

LONDON CUSTOM JOINERY LIMITED (REGISTERED NUMBER: 10995796)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2024 and were signed by:





A J Strevens - Director


LONDON CUSTOM JOINERY LIMITED (REGISTERED NUMBER: 10995796)

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

1. STATUTORY INFORMATION

London Custom 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.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement and other comprehensive income, 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.


LONDON CUSTOM JOINERY LIMITED (REGISTERED NUMBER: 10995796)

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

2. 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.

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 2 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 21,100
AMORTISATION
At 1 April 2023 10,550
Charge for year 2,110
At 31 March 2024 12,660
NET BOOK VALUE
At 31 March 2024 8,440
At 31 March 2023 10,550

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 12,987
DEPRECIATION
At 1 April 2023 8,045
Charge for year 1,235
At 31 March 2024 9,280
NET BOOK VALUE
At 31 March 2024 3,707
At 31 March 2023 4,942

LONDON CUSTOM JOINERY LIMITED (REGISTERED NUMBER: 10995796)

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

6. STOCKS
31/3/24 31/3/23
£    £   
Stocks 2,950 542
Work-in-progress 44,635 -
47,585 542

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 19,493 65,869
Other debtors 29,036 49,346
48,529 115,215

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 1,519 -
Trade creditors 3,982 -
Taxation and social security 39,859 60,285
Other creditors - 16,624
45,360 76,909

9. PROVISIONS FOR LIABILITIES
31/3/24 31/3/23
£    £   
Deferred tax 1,898 767

Deferred
tax
£   
Balance at 1 April 2023 767
Provided during year 1,131
Balance at 31 March 2024 1,898

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
2 Ordinary 1 2 2

LONDON CUSTOM JOINERY LIMITED (REGISTERED NUMBER: 10995796)

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

11. RESERVES
Retained
earnings
£   

At 1 April 2023 90,682
Profit for the year 96,618
Dividends (84,500 )
At 31 March 2024 102,800

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31/3/24 31/3/23
£    £   
A J Strevens
Balance outstanding at start of year (6,555 ) -
Amounts advanced 117,675 -
Amounts repaid (96,023 ) (6,555 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,097 (6,555 )

The loan of £15,097 was provided by the company to the Director interest free and was repaid in full within 9 months of the year end.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A J Strevens.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LONDON CUSTOM JOINERY LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of London Custom Joinery Limited for the year ended 31 March 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of London Custom Joinery Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of London Custom Joinery Limited and state those matters that we have agreed to state to the director of London Custom Joinery Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that London Custom Joinery Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of London Custom Joinery Limited. You consider that London Custom Joinery Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of London Custom Joinery Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






MDH
Chartered Certified Accountants
21 Stafford Road
Croydon
Surrey
CR0 4NG


10 September 2024