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Company Registration No. 06478644 (England and Wales)
Expert Joinery Ltd Unaudited accounts for the year ended 31 January 2024
Expert Joinery Ltd Unaudited accounts Contents
Page
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Expert Joinery Ltd Company Information for the year ended 31 January 2024
Director
J Luszcz
Company Number
06478644 (England and Wales)
Registered Office
166 Hampton Crescent Gravesend Kent DA12 4HZ
Accountants
Clayton Stirling 123 Cross Lane East Gravesend Kent DA12 5HA
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Expert Joinery Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
82,191 
23,731 
Current assets
Inventories
10,000 
30,000 
Debtors
542,319 
388,775 
Cash at bank and in hand
750 
4,974 
553,069 
423,749 
Creditors: amounts falling due within one year
(459,038)
(450,496)
Net current assets/(liabilities)
94,031 
(26,747)
Total assets less current liabilities
176,222 
(3,016)
Creditors: amounts falling due after more than one year
(26,559)
- 
Net assets/(liabilities)
149,663 
(3,016)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
149,563 
(3,116)
Shareholders' funds
149,663 
(3,016)
For the year ending 31 January 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 October 2024 and were signed on its behalf by
J Luszcz Director Company Registration No. 06478644
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Expert Joinery Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Expert Joinery Ltd is a private company, limited by shares, registered in England and Wales, registration number 06478644. The registered office is 166 Hampton Crescent, Gravesend, Kent, DA12 4HZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed 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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance basis
Motor vehicles
20% reducing balance basis
Fixtures & fittings
20% straight line method
Computer equipment
20% straight line method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
The accounts have been prepared on a going concern basis as the director has indicated he will continue to provide finance to meet ongoing costs.
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Expert Joinery Ltd Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 February 2023
26,722 
37,802 
695 
3,987 
69,206 
Additions
8,750 
69,000 
- 
907 
78,657 
At 31 January 2024
35,472 
106,802 
695 
4,894 
147,863 
Depreciation
At 1 February 2023
24,468 
18,935 
247 
1,825 
45,475 
Charge for the year
1,471 
17,654 
139 
933 
20,197 
At 31 January 2024
25,939 
36,589 
386 
2,758 
65,672 
Net book value
At 31 January 2024
9,533 
70,213 
309 
2,136 
82,191 
At 31 January 2023
2,254 
18,867 
448 
2,162 
23,731 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
533,019 
387,516 
Other debtors
9,300 
1,259 
542,319 
388,775 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
8,618 
- 
Trade creditors
3,138 
1,176 
Amounts owed to group undertakings and other participating interests
33,280 
7,107 
Taxes and social security
52,795 
50,396 
Other creditors
15,013 
16,786 
Loans from directors
139,155 
213,228 
Accruals
1,903 
1,803 
Deferred income
205,136 
160,000 
459,038 
450,496 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
26,559 
- 
8
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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