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
Expert Joinery Ltd
Company Information
for the year ended 31 January 2024
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
Expert Joinery Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
82,191
23,731
Cash at bank and in hand
750
4,974
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)
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
Expert Joinery Ltd
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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.
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.
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.
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
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
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
Amounts falling due within one year
Trade debtors
533,019
387,516
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
Deferred income
205,136
160,000
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).