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REGISTERED NUMBER: 08711666 (England and Wales)















Adam French Joinery Limited

Unaudited Financial Statements

for the Year Ended 30 September 2023






Adam French Joinery Limited (Registered number: 08711666)






Contents of the Financial Statements
for the year ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Adam French Joinery Limited

Company Information
for the year ended 30 September 2023







DIRECTOR: AJC French





REGISTERED OFFICE: 23 Whittle Park
Clayton le Woods
Chorley
Lancashire
PR6 7RQ





REGISTERED NUMBER: 08711666 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Adam French Joinery Limited (Registered number: 08711666)

Balance Sheet
30 September 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 3,054 4,078

CURRENT ASSETS
Debtors 5 70,021 31,227
Cash at bank 4,453 2,646
74,474 33,873
CREDITORS
Amounts falling due within one year 6 72,106 28,134
NET CURRENT ASSETS 2,368 5,739
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,422

9,817

CREDITORS
Amounts falling due after more than one
year

7

7,500

12,000
NET LIABILITIES (2,078 ) (2,183 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (2,178 ) (2,283 )
SHAREHOLDERS' FUNDS (2,078 ) (2,183 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Adam French Joinery Limited (Registered number: 08711666)

Balance Sheet - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2024 and were signed by:





AJC French - Director


Adam French Joinery Limited (Registered number: 08711666)

Notes to the Financial Statements
for the year ended 30 September 2023

1. STATUTORY INFORMATION

Adam French 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 (£).


The amounts in the financial statements have been rounded to the nearest £1.

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.

Going concern
The financial statements have been prepared on the going concern basis despite the excess of liabilities over assets as the directors have indicated their willingness to continue to support the company.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

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.


Adam French Joinery Limited (Registered number: 08711666)

Notes to the Financial Statements - continued
for the year ended 30 September 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
COST
At 1 October 2022
and 30 September 2023 5,950 9,644 1,659 17,253
DEPRECIATION
At 1 October 2022 4,574 6,950 1,651 13,175
Charge for year 343 673 8 1,024
At 30 September 2023 4,917 7,623 1,659 14,199
NET BOOK VALUE
At 30 September 2023 1,033 2,021 - 3,054
At 30 September 2022 1,376 2,694 8 4,078

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors 19,359 9,570
Directors' current accounts 50,662 21,657
70,021 31,227

Included in other debtors is an amount due from the director of £50,662 (2022: £21,657). Interest is charged at a commercial rate of interest and there is no fixed repayment terms.

Adam French Joinery Limited (Registered number: 08711666)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 4,500 4,500
Corporation tax 15,220 6,333
Social security and other taxes 3,984 2,346
VAT 20,672 11,117
Other creditors 22,023 -
Accrued expenses 5,707 3,838
72,106 28,134

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans - 1-2 years 4,500 4,500
Bank loans - 2-5 years 3,000 7,500
7,500 12,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
75 Ordinary A £1 75 75
25 Ordinary B £1 25 25
100 100

9. RELATED PARTY DISCLOSURES

In the opinion of the director the company is controlled by Mr AJC French by virtue of his shareholding.