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REGISTERED NUMBER: 02443322 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

WOODCRAFT JOINERY LIMITED

WOODCRAFT JOINERY LIMITED (REGISTERED NUMBER: 02443322)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WOODCRAFT JOINERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: S Peters
T M Hale
I Walker
J C E Westwood
M Peters
P Cooper





SECRETARY: J C E Westwood





REGISTERED OFFICE: Unit 1B
Talbots Lane
Brierley Hill
West Midlands
DY5 2YX





REGISTERED NUMBER: 02443322 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

WOODCRAFT JOINERY LIMITED (REGISTERED NUMBER: 02443322)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 117,309 79,763

CURRENT ASSETS
Stocks 85,369 306,761
Debtors 5 551,663 316,592
Cash at bank and in hand 529,856 601,049
1,166,888 1,224,402
CREDITORS
Amounts falling due within one year 6 670,649 692,890
NET CURRENT ASSETS 496,239 531,512
TOTAL ASSETS LESS CURRENT
LIABILITIES

613,548

611,275

CREDITORS
Amounts falling due after more than one
year

7

29,972

98,100
NET ASSETS 583,576 513,175

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 583,574 513,173
SHAREHOLDERS' FUNDS 583,576 513,175

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

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

WOODCRAFT JOINERY LIMITED (REGISTERED NUMBER: 02443322)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 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 3 June 2024 and were signed on its behalf by:





I Walker - Director


WOODCRAFT JOINERY LIMITED (REGISTERED NUMBER: 02443322)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Woodcraft 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 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.

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 - 10% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

WOODCRAFT JOINERY LIMITED (REGISTERED NUMBER: 02443322)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 32 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2023 268,908 24,551 103,620 397,079
Additions - 3,861 60,236 64,097
Disposals - - (19,450 ) (19,450 )
At 31 January 2024 268,908 28,412 144,406 441,726
DEPRECIATION
At 1 February 2023 237,025 18,171 62,120 317,316
Charge for year 8,432 1,573 16,546 26,551
Eliminated on disposal - - (19,450 ) (19,450 )
At 31 January 2024 245,457 19,744 59,216 324,417
NET BOOK VALUE
At 31 January 2024 23,451 8,668 85,190 117,309
At 31 January 2023 31,883 6,380 41,500 79,763

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 58,418 169
Amounts owed by group undertakings 440,100 280,100
Other debtors 53,145 36,323
551,663 316,592

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 68,128 68,128
Trade creditors 516,894 484,126
Taxation and social security 21,493 122,098
Other creditors 64,134 18,538
670,649 692,890

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 29,972 98,100

WOODCRAFT JOINERY LIMITED (REGISTERED NUMBER: 02443322)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

9. ULTIMATE HOLDING COMPANY

The company's ultimate holding company is Talbot Lane Holdings Limited, a company registered in England and Wales whose registered office is located at 34 Waterloo Road, Wolverhampton WV1 4DG.