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REGISTERED NUMBER: 07101836 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Junction 8 Tile & Stone Limited

Junction 8 Tile & Stone Limited (Registered number: 07101836)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Junction 8 Tile & Stone Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mrs Y Coxen





REGISTERED OFFICE: 7a Junction 8 Business Park
Rossfield Road
Ellesmere Port
Wirral
CH65 3BS





REGISTERED NUMBER: 07101836 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

Junction 8 Tile & Stone Limited (Registered number: 07101836)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,554 32,490

CURRENT ASSETS
Stocks 326,400 320,000
Debtors 5 64,362 80,241
Cash at bank and in hand 629,179 624,485
1,019,941 1,024,726
CREDITORS
Amounts falling due within one year 6 187,139 263,524
NET CURRENT ASSETS 832,802 761,202
TOTAL ASSETS LESS CURRENT
LIABILITIES

861,356

793,692

CAPITAL AND RESERVES
Called up share capital 7 10 10
Retained earnings 8 861,346 793,682
SHAREHOLDERS' FUNDS 861,356 793,692

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 her 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.

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 director and authorised for issue on 20 September 2024 and were signed by:





Mrs Y Coxen - Director


Junction 8 Tile & Stone Limited (Registered number: 07101836)

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

1. STATUTORY INFORMATION

Junction 8 Tile & Stone 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.
Land and buildings - 5% on cost
Plant and machinery etc - 25% 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 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 10 (2022 - 10 ) .

Junction 8 Tile & Stone Limited (Registered number: 07101836)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 21,789 109,297 131,086
Additions - 991 991
At 31 December 2023 21,789 110,288 132,077
DEPRECIATION
At 1 January 2023 4,645 93,951 98,596
Charge for year 1,090 3,837 4,927
At 31 December 2023 5,735 97,788 103,523
NET BOOK VALUE
At 31 December 2023 16,054 12,500 28,554
At 31 December 2022 17,144 15,346 32,490

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 61,469 62,182
Other debtors 2,893 18,059
64,362 80,241

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 49 -
Trade creditors 97,795 171,569
Taxation and social security 78,639 87,097
Other creditors 10,656 4,858
187,139 263,524

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 ordinary 10 10 10

8. RESERVES
Retained
earnings
£   

At 1 January 2023 793,682
Profit for the year 109,664
Dividends (42,000 )
At 31 December 2023 861,346

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount of £4,011 relating from the directors loan account of Mrs Y Coxen, the director and shareholder of the company.

Junction 8 Tile & Stone Limited (Registered number: 07101836)

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

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £42,000 were paid to the director .

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Junction 8 Tile & Stone Limited (Registered number: 07101836)

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 Junction 8 Tile & Stone Limited for the year ended 31 December 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Junction 8 Tile & Stone Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Junction 8 Tile & Stone Limited and state those matters that we have agreed to state to the director of Junction 8 Tile & Stone Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Junction 8 Tile & Stone Limited and its director for our work or for this report.

It is your duty to ensure that Junction 8 Tile & Stone 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 Junction 8 Tile & Stone Limited. You consider that Junction 8 Tile & Stone 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 Junction 8 Tile & Stone 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.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


Date: .............................................