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REGISTERED NUMBER: 10573035 (England and Wales)















STAFFORD JOINERY LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024






STAFFORD JOINERY LIMITED (REGISTERED NUMBER: 10573035)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STAFFORD JOINERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: P S Edwards BSc MRICS
S A Edwards





REGISTERED OFFICE: Unit 2 Tilcon Avenue
Tilcon Industrial Estate
Stafford
Staffordshire
ST18 0YJ





REGISTERED NUMBER: 10573035 (England and Wales)

STAFFORD JOINERY LIMITED (REGISTERED NUMBER: 10573035)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 89,362 87,166
89,362 87,166

CURRENT ASSETS
Debtors 6 42,100 107,159
Cash at bank and in hand 27,736 22,135
69,836 129,294
CREDITORS
Amounts falling due within one year 7 (167,834 ) (228,357 )
NET CURRENT LIABILITIES (97,998 ) (99,063 )
TOTAL ASSETS LESS CURRENT LIABILITIES (8,636 ) (11,897 )

PROVISIONS FOR LIABILITIES (6,139 ) (6,139 )
NET LIABILITIES (14,775 ) (18,036 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (14,875 ) (18,136 )
SHAREHOLDERS' FUNDS (14,775 ) (18,036 )

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

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

STAFFORD JOINERY LIMITED (REGISTERED NUMBER: 10573035)

BALANCE SHEET - continued
31 MAY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:





P S Edwards BSc MRICS - Director


STAFFORD JOINERY LIMITED (REGISTERED NUMBER: 10573035)

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


1. STATUTORY INFORMATION

Stafford 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.

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of joinery services

When the outcome of a transaction can be estimated reliably, turnover from is recognised by reference to the stage of completion at the balance sheet date. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 10% on cost
Computer equipment - Straight line over 3 years

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off cost less residual value of each asset over its expected useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


STAFFORD JOINERY LIMITED (REGISTERED NUMBER: 10573035)

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


2. ACCOUNTING POLICIES - continued
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.

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.

Long term contracts
Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.

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.

Leases
Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Going Concern
On the basis that the directors and associated companies will continue to support the company for the foreseeable future the accounts have been prepared on the going concern basis.

Government Grants
Government Grants in respect of Covid-19 received as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the company with no future related costs are recognised as income in the period in which the grant becomes receivable using the accruals model.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

STAFFORD JOINERY LIMITED (REGISTERED NUMBER: 10573035)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 4,150
AMORTISATION
At 1 June 2023
and 31 May 2024 4,150
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 62,611 46,456 109,067
Additions - 8,009 8,009
Disposals - (5,713 ) (5,713 )
At 31 May 2024 62,611 48,752 111,363
DEPRECIATION
At 1 June 2023 - 21,901 21,901
Charge for year - 5,793 5,793
Eliminated on disposal - (5,693 ) (5,693 )
At 31 May 2024 - 22,001 22,001
NET BOOK VALUE
At 31 May 2024 62,611 26,751 89,362
At 31 May 2023 62,611 24,555 87,166

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 31,486 98,506
Amounts owed by group undertakings 100 100
Amounts recoverable on contract 9,988 8,167
Prepayments 526 386
42,100 107,159

STAFFORD JOINERY LIMITED (REGISTERED NUMBER: 10573035)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 24,109 21,288
Amounts owed to group undertakings 45,500 47,500
Amounts owed to associates 48,905 43,962
Social security and other taxes 4,970 4,943
VAT 5,746 7,074
Wages control account 2,942 5,347
Accruals and deferred income 35,662 98,243
167,834 228,357

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. PARENT COMPANY

The parent company is R A Edwards Group Limited, Unit 2 Tilcon Avenue, Tilcon Industrial Estate, Stafford, ST18 0YJ.