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REGISTERED NUMBER: 04627330 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Richard Thraves Joinery Limited

Richard Thraves Joinery Limited (Registered number: 04627330)






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


Richard Thraves Joinery Limited

Company Information
for the Year Ended 31 December 2023







Director: R Thraves



Secretary: Mrs A L Thraves



Registered office: 2 Belgrave Crescent
Scarborough
North Yorkshire
YO11 1UB



Registered number: 04627330 (England and Wales)



Accountants: Ashby Berry Coulsons
2 Belgrave Crescent
Scarborough
North Yorkshire
YO11 1UB



Bankers: HSBC Bank Plc
33 St.Nicholas Street
Scarborough
North Yorkshire
YO11 2HN

Richard Thraves Joinery Limited (Registered number: 04627330)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 10,767 7,744

Current assets
Stocks 1,250 1,250
Debtors 5 27,904 6,649
Cash at bank 9,371 16,303
38,525 24,202
Creditors
Amounts falling due within one year 6 49,598 43,795
Net current liabilities (11,073 ) (19,593 )
Total assets less current liabilities (306 ) (11,849 )

Capital and reserves
Called up share capital 7 100 100
Retained earnings (406 ) (11,949 )
Shareholders' funds (306 ) (11,849 )

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.

Richard Thraves Joinery Limited (Registered number: 04627330)

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 director and authorised for issue on 16 September 2024 and were signed by:





R Thraves - Director


Richard Thraves Joinery Limited (Registered number: 04627330)

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

1. Statutory information

Richard Thraves 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest £.

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 etc - 20% on reducing balance

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 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.


Richard Thraves Joinery Limited (Registered number: 04627330)

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

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.

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.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 January 2023 26,691
Additions 5,320
At 31 December 2023 32,011
Depreciation
At 1 January 2023 18,947
Charge for year 2,297
At 31 December 2023 21,244
Net book value
At 31 December 2023 10,767
At 31 December 2022 7,744

Richard Thraves Joinery Limited (Registered number: 04627330)

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

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 24,480 3,000
Other debtors 3,424 3,649
27,904 6,649

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 20,245 13,210
Taxation and social security 134 (21 )
Other creditors 29,219 30,606
49,598 43,795

7. Called up share capital

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

8. Going concern

The continuation of the company as a going concern is dependant on the continued support of the bank and the director.