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REGISTERED NUMBER: 07468483 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 December 2023

for

LDN JOINERY LIMITED

LDN JOINERY LIMITED (REGISTERED NUMBER: 07468483)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LDN JOINERY LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Dale Baron
Ian Baron
Nivan S Baron





REGISTERED OFFICE: Cleveland House
1-10 Sitwell Street
KINGSTON UPON HULL
East Yorkshire
HU8 7BE





REGISTERED NUMBER: 07468483 (England and Wales)





ACCOUNTANTS: G & C Professionals Limited
trading as Graham & Company
Chartered Certified Accountants
Cleveland House
1-10 Sitwell Street
KINGSTON UPON HULL
East Yorkshire
HU8 7BE

LDN JOINERY LIMITED (REGISTERED NUMBER: 07468483)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 322,268 327,590

CURRENT ASSETS
Stocks 5 177,406 50,666
Debtors 6 266,729 199,759
Cash at bank 24,655 168,387
468,790 418,812
CREDITORS
Amounts falling due within one year 7 359,859 431,040
NET CURRENT ASSETS/(LIABILITIES) 108,931 (12,228 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

431,199

315,362

CREDITORS
Amounts falling due after more than one
year

8

77,000

25,000
NET ASSETS 354,199 290,362

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 354,099 290,262
SHAREHOLDERS' FUNDS 354,199 290,362

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 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.

LDN JOINERY LIMITED (REGISTERED NUMBER: 07468483)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2024 and were signed on its behalf by:




Dale Baron - Director Ian Baron - Director




Nivan S Baron - Director


LDN JOINERY LIMITED (REGISTERED NUMBER: 07468483)

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

1. STATUTORY INFORMATION

LDN 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 represents net invoiced sales of goods and services, excluding value added tax.

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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 33% 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, 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.

LDN JOINERY LIMITED (REGISTERED NUMBER: 07468483)

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.

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 25 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 241,800 84,405 10,722
Additions - 23,563 770
Disposals - (15,850 ) -
At 31 December 2023 241,800 92,118 11,492
DEPRECIATION
At 1 January 2023 - 33,625 3,822
Charge for year - 12,258 1,147
Eliminated on disposal - (8,850 ) -
At 31 December 2023 - 37,033 4,969
NET BOOK VALUE
At 31 December 2023 241,800 55,085 6,523
At 31 December 2022 241,800 50,780 6,900

LDN JOINERY LIMITED (REGISTERED NUMBER: 07468483)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 52,499 2,701 392,127
Additions - 1,675 26,008
Disposals (14,549 ) (1,219 ) (31,618 )
At 31 December 2023 37,950 3,157 386,517
DEPRECIATION
At 1 January 2023 25,149 1,941 64,537
Charge for year 4,150 715 18,270
Eliminated on disposal (8,549 ) (1,159 ) (18,558 )
At 31 December 2023 20,750 1,497 64,249
NET BOOK VALUE
At 31 December 2023 17,200 1,660 322,268
At 31 December 2022 27,350 760 327,590

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023 22,000
Transfer to ownership (22,000 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 11,500
Charge for year 1,500
Transfer to ownership (13,000 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 10,500

5. STOCKS
2023 2022
£    £   
Materials and fittings 5,567 15,362
Work in progress 171,839 35,304
177,406 50,666

LDN JOINERY LIMITED (REGISTERED NUMBER: 07468483)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 84,377 43,087
Other debtors 9,000 -
VAT 166,880 153,950
Prepayments 6,472 2,722
266,729 199,759

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 10,000 10,000
Hire purchase contracts - 4,518
Trade creditors 284,895 243,252
Corporation tax 26,738 64,267
Social security and other taxes 13,395 39,328
Other creditors 2,202 1,892
Directors' loan accounts 5,433 56,197
Accrued expenses 17,196 11,586
359,859 431,040

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 15,000 25,000
Directors' loan accounts 62,000 -
77,000 25,000

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans payable in less
than one year 10,000 10,000
10,000 10,000

Amounts falling due between one and two years:
Bank loans payable in one to two years 10,000 10,000

Amounts falling due between two and five years:
Bank loans payable in two to five years 5,000 15,000

LDN JOINERY LIMITED (REGISTERED NUMBER: 07468483)

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 January 2023 290,262
Profit for the year 87,837
Dividends (24,000 )
At 31 December 2023 354,099