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Registered number: 04704772

Paul Storr Joinery Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
Greenhalgh Johnson Ltd
Accountants and Tax Advisers
22 High Street
Burgh le Marsh
Skegness
Lincolnshire
PE24 5JT

Paul Storr Joinery Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
Paul Storr
SECRETARY
Heather Storr
REGISTERED OFFICE
Chiselwood
Farlesthorpe Road
Alford
Lincolnshire
LN13 9PS
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04704772
BANKERS
Lloyds TSB
ACCOUNTANTS
Greenhalgh Johnson Ltd
Accountants and Tax Advisers
22 High Street
Burgh le Marsh
Skegness
Lincolnshire
PE24 5JT

Paul Storr Joinery Ltd

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Paul Storr Joinery Ltd

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets33,1574,079
CURRENT ASSETS
Stock500250
Debtors58,0498,592
Cash at bank and in hand13,80326,572
22,35235,414
CREDITORS: Amounts falling due within one year66,12811,924
NET CURRENT ASSETS16,22423,490
TOTAL ASSETS LESS CURRENT LIABILITIES19,38127,569
CREDITORS: Amounts falling due after more than one year74,0986,029
PROVISIONS FOR LIABILITIES AND CHARGES8600774
NET ASSETS14,68320,766
CAPITAL AND RESERVES
Called up share capital911
Profit and loss account14,68220,765
SHAREHOLDERS' FUNDS14,68320,766
For the year ending 31/03/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 18/09/2024 and signed on their behalf by
.............................
Paul Storr
Director

Paul Storr Joinery Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Government Grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recongnised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recongnised as deferred income.

Paul Storr Joinery Ltd

2. EMPLOYEES
20242023
No.No.
Average number of employees11
3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsTotal
£££
Cost
At 01/04/202314,6741,83816,512
Additions131-131
At 31/03/202414,8051,83816,643
Depreciation
At 01/04/202311,1981,23512,433
For the year9011521,053
At 31/03/202412,0991,38713,486
Net Book Amounts
At 31/03/20242,7064513,157
At 31/03/20233,4766034,079
4. STOCK 20242023
££
Stock comprises:
Stock500250
500250
5. DEBTORS 20242023
££
Amounts falling due within one year
PAYE control7,4388,062
Prepayments611530
8,0498,592

Paul Storr Joinery Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax2,9713,527
Directors current account285,198
Bank Loan1,9711,959
Trade creditors-104
Accruals1,1581,136
6,12811,924
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr4,0986,029
4,0986,029
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation600774
600774
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11