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REGISTERED NUMBER: 04830032 (England and Wales)















Unaudited Financial Statements for the Year Ended 5 April 2024

for

P.T. Joinery Limited

P.T. Joinery Limited (Registered number: 04830032)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P.T. Joinery Limited

Company Information
for the Year Ended 5 April 2024







DIRECTOR: Mr P Towler





SECRETARY: Mrs T Towler





REGISTERED OFFICE: 14a Waterside Business Park
Livingstone Road
Hessle
East Yorkshire
HU13 0EG





REGISTERED NUMBER: 04830032 (England and Wales)






P.T. Joinery Limited (Registered number: 04830032)

Balance Sheet
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,006 15,587

CURRENT ASSETS
Debtors 5 8,976 11,677
Cash at bank 5,801 8,684
14,777 20,361
CREDITORS
Amounts falling due within one year 6 18,469 16,114
NET CURRENT (LIABILITIES)/ASSETS (3,692 ) 4,247
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,314

19,834

CREDITORS
Amounts falling due after more than one
year

7

(7,633

)

(14,142

)

PROVISIONS FOR LIABILITIES (666 ) (883 )
NET (LIABILITIES)/ASSETS (985 ) 4,809

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (987 ) 4,807
(985 ) 4,809

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

P.T. Joinery Limited (Registered number: 04830032)

Balance Sheet - continued
5 April 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 director and authorised for issue on 16 October 2024 and were signed by:





Mr P Towler - Director


P.T. Joinery Limited (Registered number: 04830032)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

P.T. 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.

Turnover
Turnover represents net invoiced provision of goods and services.

Revenue is recognised under an exchange transaction with a customer when, and to the extent that, the company receives a right to consideration from its performance.

Part completed contracts at the year-end that fulfil the criteria are included in these financial statements based on their fair value of the right to consideration at the balance sheet date.

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.
Plant and machinery etc - 33% on cost, 25% on reducing balance, 20% on reducing balance and in accordance with length of the lease

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

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.

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.

P.T. Joinery Limited (Registered number: 04830032)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2023 33,775
Additions 20,699
Disposals (22,289 )
At 5 April 2024 32,185
DEPRECIATION
At 6 April 2023 18,188
Charge for year 14,343
Eliminated on disposal (11,352 )
At 5 April 2024 21,179
NET BOOK VALUE
At 5 April 2024 11,006
At 5 April 2023 15,587

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 6 April 2023 22,289
Additions 20,699
Disposals (22,289 )
At 5 April 2024 20,699
DEPRECIATION
At 6 April 2023 11,352
Charge for year 13,200
Eliminated on disposal (11,352 )
At 5 April 2024 13,200
NET BOOK VALUE
At 5 April 2024 7,499
At 5 April 2023 10,937

P.T. Joinery Limited (Registered number: 04830032)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Other debtors 8,976 11,677

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Bank loans and overdrafts 3,200 3,200
Finance leases 3,600 3,067
Trade creditors 216 684
Taxation and social security 1,523 1,523
Other creditors 9,930 7,640
18,469 16,114

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
5.4.24 5.4.23
£    £   
Bank loans 3,733 6,933
Finance leases 3,900 7,209
7,633 14,142

8. SECURED DEBTS

The following secured debts are included within creditors:

5.4.24 5.4.23
£    £   
Finance leases 7,500 10,276

Assets on finance lease are secured against the assets to which they relate.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P Towler.