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REGISTERED NUMBER: 03682402 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Steve Ball Joinery Limited

Steve Ball Joinery Limited (Registered number: 03682402)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Steve Ball Joinery Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: S A Ball





SECRETARY: Ms P A Gillett





REGISTERED OFFICE: 154 Scawby Road
Scawby Brook
Brigg
North Lincolnshire
DN20 9LE





REGISTERED NUMBER: 03682402 (England and Wales)






Steve Ball Joinery Limited (Registered number: 03682402)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 238,184 217,372
Investment property 5 440,000 440,000
678,184 657,372

CURRENT ASSETS
Stocks - 397,667
Debtors 6 38,937 493,179
Cash at bank 2,811,879 1,899,985
2,850,816 2,790,831
CREDITORS
Amounts falling due within one year 7 220,340 451,205
NET CURRENT ASSETS 2,630,476 2,339,626
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,308,660

2,996,998

PROVISIONS FOR LIABILITIES 39,544 34,341
NET ASSETS 3,269,116 2,962,657

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 8,586 8,586
Revaluation reserve 21,936 21,936
Retained earnings 3,238,494 2,932,035
SHAREHOLDERS' FUNDS 3,269,116 2,962,657

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Steve Ball Joinery Limited (Registered number: 03682402)

Balance Sheet - continued
30 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 director and authorised for issue on 28 September 2024 and were signed by:





S A Ball - Director


Steve Ball Joinery Limited (Registered number: 03682402)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Steve Ball 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 as modified by the revaluation of certain assets.

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 - 20% on cost
Motor vehicles - 25% on cost

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.

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 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.

Steve Ball Joinery Limited (Registered number: 03682402)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 July 2023 192,833 30,666 70,997 294,496
Additions - 2,050 31,875 33,925
Disposals - - (15,879 ) (15,879 )
At 30 June 2024 192,833 32,716 86,993 312,542
DEPRECIATION
At 1 July 2023 - 22,025 55,099 77,124
Charge for year - 2,924 10,189 13,113
Eliminated on disposal - - (15,879 ) (15,879 )
At 30 June 2024 - 24,949 49,409 74,358
NET BOOK VALUE
At 30 June 2024 192,833 7,767 37,584 238,184
At 30 June 2023 192,833 8,641 15,898 217,372

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 440,000
NET BOOK VALUE
At 30 June 2024 440,000
At 30 June 2023 440,000

The 2024 valuations were made by the director, on an open market value for existing use basis.

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2008 21,936
Valuation in 2020 90,889
Cost 327,175
440,000

Steve Ball Joinery Limited (Registered number: 03682402)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 14,777 458,168
Other debtors 24,160 35,011
38,937 493,179

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 69,788 57,175
Taxation and social security 141,503 206,974
Other creditors 9,049 187,056
220,340 451,205

8. ULTIMATE CONTROLLING PARTY

The director is the ultimate controlling party.