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REGISTERED NUMBER: SC400385 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

KBJ Joinery Limited

KBJ Joinery Limited (Registered number: SC400385)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KBJ Joinery Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: P Walker
Ms D Baber





REGISTERED OFFICE: The Smiddy
Drumwhindle
Ellon
Aberdeenshire
AB41 8PH





REGISTERED NUMBER: SC400385 (Scotland)





ACCOUNTANTS: J M Taylor
7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ

KBJ Joinery Limited (Registered number: SC400385)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 99,348 86,664

CURRENT ASSETS
Stocks - 8,176
Debtors 5 1,779 785
Cash at bank 129,753 201,071
131,532 210,032
CREDITORS
Amounts falling due within one year 6 18,801 50,740
NET CURRENT ASSETS 112,731 159,292
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,079

245,956

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 211,979 245,856
SHAREHOLDERS' FUNDS 212,079 245,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

KBJ Joinery Limited (Registered number: SC400385)

Balance Sheet - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





P Walker - Director


KBJ Joinery Limited (Registered number: SC400385)

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

1. STATUTORY INFORMATION

KBJ Joinery Limited is a private company, limited by shares , registered in Scotland. 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 - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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 NIL (2023 - 4 ).

KBJ Joinery Limited (Registered number: SC400385)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 81,911 26,468 108,379
Additions 13,873 - 13,873
At 31 May 2024 95,784 26,468 122,252
DEPRECIATION
At 1 June 2023 - 21,715 21,715
Charge for year - 1,189 1,189
At 31 May 2024 - 22,904 22,904
NET BOOK VALUE
At 31 May 2024 95,784 3,564 99,348
At 31 May 2023 81,911 4,753 86,664

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 936 -
Other debtors 843 785
1,779 785

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 1,325 -
Taxation and social security (7,040 ) (4,351 )
Other creditors 24,516 55,091
18,801 50,740

7. RELATED PARTY DISCLOSURES

During the year Mr. Walker and Ms. Baber advanced the company net amounts totalling £22,395
This amount remained outstanding at 31/05/2024 and is included within other creditors in the notes to the accounts.

8. ULTIMATE CONTROLLING PARTY

During the year the company was controlled by the director Mr P.Walker by virtue of his majority 60% holding in the ordinary share capital of the company.