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REGISTERED NUMBER: 01410695 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

INPUT JOINERY LIMITED

INPUT JOINERY LIMITED (REGISTERED NUMBER: 01410695)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INPUT JOINERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr G E Ruddick
Mr M J Ruddick
Mr M L Fisher





REGISTERED OFFICE: The Fairground
Weyhill
Andover
Hampshire
SP11 0ST





REGISTERED NUMBER: 01410695 (England and Wales)






INPUT JOINERY LIMITED (REGISTERED NUMBER: 01410695)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,580,262 2,102,754

CURRENT ASSETS
Stocks 264,922 266,250
Debtors 6 310,423 355,721
Cash at bank and in hand 816,479 843,758
1,391,824 1,465,729
CREDITORS
Amounts falling due within one year 7 1,636,388 1,638,715
NET CURRENT LIABILITIES (244,564 ) (172,986 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,335,698

1,929,768

CREDITORS
Amounts falling due after more than one
year

8

(254,466

)

(210,274

)

PROVISIONS FOR LIABILITIES (332,074 ) (223,509 )
NET ASSETS 1,749,158 1,495,985

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Revaluation reserve 11 192,986 200,408
Retained earnings 1,555,172 1,294,577
SHAREHOLDERS' FUNDS 1,749,158 1,495,985

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 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.

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 Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:



Mr M L Fisher - Director


INPUT JOINERY LIMITED (REGISTERED NUMBER: 01410695)

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


1. STATUTORY INFORMATION

Input 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% straight line
Plant and machinery - 25% on reducing balance and 20% on reducing balance
Fixtures and fittings - 25% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded at cost.

Stocks
Stocks are stated at the lower of cost and net realisable value.

Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

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.

INPUT JOINERY LIMITED (REGISTERED NUMBER: 01410695)

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


3. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operate a defined contribution executive pension scheme and a defined contribution staff pension scheme, each of which require contributions to be made to separately administered funds. Contributions to the two schemes are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2023 - 54 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2023 1,200,000 2,445,115 128,112 251,585 4,024,812
Additions 18,333 620,604 1,651 92,040 732,628
Disposals - (12,280 ) - - (12,280 )
At 31 March 2024 1,218,333 3,053,439 129,763 343,625 4,745,160
DEPRECIATION
At 1 April 2023 112,024 1,656,898 81,104 72,032 1,922,058
Charge for year 29,152 157,261 9,939 58,311 254,663
Eliminated on disposal - (11,823 ) - - (11,823 )
At 31 March 2024 141,176 1,802,336 91,043 130,343 2,164,898
NET BOOK VALUE
At 31 March 2024 1,077,157 1,251,103 38,720 213,282 2,580,262
At 31 March 2023 1,087,976 788,217 47,008 179,553 2,102,754

INPUT JOINERY LIMITED (REGISTERED NUMBER: 01410695)

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


5. TANGIBLE FIXED ASSETS - continued

The freehold properties were valued by the directors during the 2019 year.

The directors believe this still to be a fair value of the property at the year end.

The revaluation of the company's freehold property if realised would result in a tax charge based on the company's existing tax status of £nil.

Cost or valuation at 31 March 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2006 95,550 - - - 95,550
Valuation in 2019 (147,299 ) - - - (147,299 )
Cost 1,270,082 3,053,439 129,763 343,625 4,796,909
1,218,333 3,053,439 129,763 343,625 4,745,160

If freehold property had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,251,749 1,251,749
Aggregate depreciation (364,180 ) (364,180 )

Value of land in freehold land and buildings 331,814 331,814

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 148,503 72,230 220,733
DEPRECIATION
At 1 April 2023 28,430 32,449 60,879
Charge for year 18,011 9,946 27,957
At 31 March 2024 46,441 42,395 88,836
NET BOOK VALUE
At 31 March 2024 102,062 29,835 131,897
At 31 March 2023 120,073 39,781 159,854

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 253,964 252,989
Amounts owed by associated undertakings 7,557 7,797
Other debtors 48,902 94,935
310,423 355,721

INPUT JOINERY LIMITED (REGISTERED NUMBER: 01410695)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 113,946 149,012
Hire purchase contracts 118,825 48,551
Trade creditors 427,184 512,620
Taxation and social security 124,173 286,845
Other creditors 852,260 641,687
1,636,388 1,638,715

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 33,929 161,289
Hire purchase contracts 220,537 48,985
254,466 210,274

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 147,875 310,301
Hire purchase contracts 339,362 97,536
487,237 407,837

The bank loans are secured by way of a debenture over the freehold property in the company.

The hire purchase contracts are secured over the motor vehicles in the company to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. RESERVES
Revaluation
reserve
£   
At 1 April 2023 200,408
Transfer (7,422 )

At 31 March 2024 192,986

12. OTHER FINANCIAL COMMITMENTS

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £60,553 (2023: £52,302).

This amount is in relation to operating lease commitments which are payable over the next 3 years.

INPUT JOINERY LIMITED (REGISTERED NUMBER: 01410695)

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


13. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions.