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REGISTERED NUMBER: 00416064





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

G.S.JOINER AND SONS LIMITED

G.S.JOINER AND SONS LIMITED (REGISTERED NUMBER: 00416064)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G.S.JOINER AND SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: G S Joiner
Mrs D Y Barton
M D Silvester





REGISTERED OFFICE: 227 Sea Street
Herne Bay
Kent
CT6 8LF





REGISTERED NUMBER: 00416064





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
2 The Links
HERNE BAY
Kent
CT6 7GQ

G.S.JOINER AND SONS LIMITED (REGISTERED NUMBER: 00416064)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 245,616 253,107
Investment property 6 7,749,870 7,358,470
7,995,486 7,611,577

CURRENT ASSETS
Debtors 7 330,106 270,303
Cash at bank 1,020,551 1,992,660
1,350,657 2,262,963
CREDITORS
Amounts falling due within one year 8 417,638 614,487
NET CURRENT ASSETS 933,019 1,648,476
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,928,505

9,260,053

CREDITORS
Amounts falling due after more than one
year

9

(642,972

)

(635,950

)

PROVISIONS FOR LIABILITIES (975,030 ) (982,020 )
NET ASSETS 7,310,503 7,642,083

CAPITAL AND RESERVES
Called up share capital 10 2,000 2,000
Revaluation reserve 11 223,018 223,018
Fair value reserve 11 4,012,653 4,005,663
Retained earnings 3,072,832 3,411,402
SHAREHOLDERS' FUNDS 7,310,503 7,642,083

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

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

G.S.JOINER AND SONS LIMITED (REGISTERED NUMBER: 00416064)

BALANCE SHEET - continued
30TH JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th September 2024 and were signed on its behalf by:





G S Joiner - Director


G.S.JOINER AND SONS LIMITED (REGISTERED NUMBER: 00416064)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

G.s.joiner And Sons Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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 - 33% on a straight line basis, 25% on a straight line basis and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

G.S.JOINER AND SONS LIMITED (REGISTERED NUMBER: 00416064)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1st July 2023
and 30th June 2024 297,778 34,023 21,638
DEPRECIATION
At 1st July 2023 57,778 30,649 18,405
Charge for year - 506 485
At 30th June 2024 57,778 31,155 18,890
NET BOOK VALUE
At 30th June 2024 240,000 2,868 2,748
At 30th June 2023 240,000 3,374 3,233

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st July 2023
and 30th June 2024 37,700 3,903 395,042
DEPRECIATION
At 1st July 2023 31,200 3,903 141,935
Charge for year 6,500 - 7,491
At 30th June 2024 37,700 3,903 149,426
NET BOOK VALUE
At 30th June 2024 - - 245,616
At 30th June 2023 6,500 - 253,107

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2023 7,358,470
Additions 613,000
Disposals (221,600 )
At 30th June 2024 7,749,870
NET BOOK VALUE
At 30th June 2024 7,749,870
At 30th June 2023 7,358,470

The investment properties are included at fair market value, based upon a professional valuation carried out in May 2021. The directors feel this is still a relevant fair value.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,022
Other debtors 330,106 269,281
330,106 270,303

G.S.JOINER AND SONS LIMITED (REGISTERED NUMBER: 00416064)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 29,100 9,004
Taxation and social security 135,147 328,228
Other creditors 253,391 277,255
417,638 614,487

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 642,972 635,950

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,000 Ordinary 1 2,000 2,000

11. RESERVES
Fair
Revaluation value
reserve reserve Totals
£    £    £   
At 1st July 2023 223,018 4,005,663 4,228,681
Transfer fair value reserves - 6,990 6,990

At 30th June 2024 223,018 4,012,653 4,235,671

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th June 2024 and 30th June 2023:

2024 2023
£    £   
G S Joiner
Balance outstanding at start of year 201,099 17,171
Amounts advanced 644,668 793,264
Amounts repaid (600,000 ) (609,336 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 245,767 201,099