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REGISTERED NUMBER: 10125798 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Henley Joinery limited

Henley Joinery limited (Registered number: 10125798)






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


Henley Joinery limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S Micuta





REGISTERED OFFICE: Unit 27
Greys Green Farm
Rotherfield Greys
Henley-on-Thames
RG9 4QG





REGISTERED NUMBER: 10125798 (England and Wales)





ACCOUNTANTS: Accounting 4 Solutions Limited
4 Piran Heights
Upton
Bude
Cornwall
EX23 0LY

Henley Joinery limited (Registered number: 10125798)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 78,956 107,993

CURRENT ASSETS
Stocks 5,750 8,701
Debtors 5 223,163 489,808
Cash at bank 12,618 15,615
241,531 514,124
CREDITORS
Amounts falling due within one year 6 284,602 248,179
NET CURRENT (LIABILITIES)/ASSETS (43,071 ) 265,945
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,885

373,938

CREDITORS
Amounts falling due after more than one
year

7

(25,676

)

(64,822

)

PROVISIONS FOR LIABILITIES (8,226 ) (12,627 )
NET ASSETS 1,983 296,489

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 1,982 296,488
1,983 296,489

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.

Henley Joinery limited (Registered number: 10125798)

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 20 September 2024 and were signed by:





S Micuta - Director


Henley Joinery limited (Registered number: 10125798)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Henley 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.

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 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.

Financial instruments
Loans or borrowings which are regarded as financial instruments (other than basic financial instruments) are initially recognised at transaction cost but are then subsequently measured at amortised cost. Any difference between cost and redemption value as measured by the effective interest rate method is recognised in the profit and loss account over the period of the loans or borrowings.

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.

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.

Henley Joinery limited (Registered number: 10125798)

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 27,785 175,071 202,856
Additions - 12,699 12,699
Disposals - (44,025 ) (44,025 )
At 31 March 2024 27,785 143,745 171,530
DEPRECIATION
At 1 April 2023 5,557 89,306 94,863
Charge for year 5,557 18,757 24,314
Eliminated on disposal - (26,603 ) (26,603 )
At 31 March 2024 11,114 81,460 92,574
NET BOOK VALUE
At 31 March 2024 16,671 62,285 78,956
At 31 March 2023 22,228 85,765 107,993

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 71,379 72,155
Amounts owed by group undertakings 125,122 319,900
Other debtors 26,662 97,753
223,163 489,808

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 60,400 45,612
Hire purchase contracts 28,767 30,991
Payments on account 70,263 59,817
Trade creditors 57,134 43,100
Taxation and social security 8,743 39,935
Other creditors 59,295 28,724
284,602 248,179

Henley Joinery limited (Registered number: 10125798)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 11,696 21,795
Hire purchase contracts 13,980 43,027
25,676 64,822

8. RESERVES
Retained
earnings
£   

At 1 April 2023 296,488
Deficit for the year (49,506 )
Dividends (245,000 )
At 31 March 2024 1,982

9. 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
£    £   
S Micuta
Balance outstanding at start of year (13,822 ) 150,367
Amounts advanced 64,044 70,760
Amounts repaid (50,222 ) (234,949 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (13,822 )

10. ULTIMATE CONTROLLING PARTY

The controlling party is S Micuta.