Registered number
10197375
K H Joinery Ltd
Unaudited Filleted Accounts
31 March 2024
K H Joinery Ltd
Registered number: 10197375
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,962 7,950
Current assets
Debtors 4 27,114 18,006
Cash at bank and in hand 45,616 44,540
72,730 62,546
Creditors: amounts falling due within one year 5 (39,322) (33,612)
Net current assets 33,408 28,934
Net assets 39,370 36,884
Capital and reserves
Called up share capital 2 2
Profit and loss account 39,368 36,882
Shareholder's funds 39,370 36,884
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K Hoskins
Director
Approved by the board on 7 November 2024
K H Joinery Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 April 2023 10,600
At 31 March 2024 10,600
Depreciation
At 1 April 2023 2,650
Charge for the year 1,988
At 31 March 2024 4,638
Net book value
At 31 March 2024 5,962
At 31 March 2023 7,950
4 Debtors 2024 2023
£ £
Trade debtors 27,114 18,006
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 9,057 3,551
Other creditors 30,265 30,061
39,322 33,612
6 Other information
K H Joinery Ltd is a private company limited by shares and incorporated in England. Its registered office is:
8 Hillfield Gardens
Nantwich
Cheshire
CW5 7BU
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