1 April 2023 v2024.58.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP051442542023-04-012024-03-31051442542024-03-31051442542023-03-3105144254core:WithinOneYear2024-03-3105144254core:WithinOneYear2023-03-3105144254core:AfterOneYear2023-03-3105144254core:ShareCapital2024-03-3105144254core:ShareCapital2023-03-3105144254core:RetainedEarningsAccumulatedLosses2024-03-3105144254core:RetainedEarningsAccumulatedLosses2023-03-3105144254bus:Director12023-04-012024-03-3105144254bus:RegisteredOffice2023-04-012024-03-3105144254core:PlantMachinery2023-04-012024-03-3105144254core:OfficeEquipment2023-04-012024-03-3105144254core:MotorVehicles2023-04-012024-03-3105144254core:FurnitureFittingsToolsEquipment2023-04-012024-03-31051442542022-04-012023-03-3105144254core:PlantMachinery2023-04-0105144254core:PlantMachinery2024-03-3105144254core:PlantMachinery2023-03-310514425412023-04-012024-03-3105144254countries:EnglandWales2023-04-012024-03-3105144254bus:AuditExemptWithAccountantsReport2023-04-012024-03-3105144254bus:PrivateLimitedCompanyLtd2023-04-012024-03-3105144254bus:SmallEntities2023-04-012024-03-3105144254bus:FullAccounts2023-04-012024-03-31
Company registration number:
05144254
E Rhodes Joinery Limited
Unaudited Filleted Financial Statements for the year ended
31 March 2024
E Rhodes Joinery Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of E Rhodes Joinery Limited
Year ended
31 March 2024
As described on the statement of financial position, the Board of Directors of
E Rhodes Joinery Limited
are responsible for the preparation of the
financial statements
for the year ended
31 March 2024
, which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Sutton & Co Accountants Ltd
25 Park Street
Macclesfield
Cheshire
SK11 6SS
United Kingdom
Date:
16 November 2024
E Rhodes Joinery Limited
Statement of Financial Position
31 March 2024
20242023
Note££
Fixed assets    
Tangible assets 5
25,916
 
33,234
 
Current assets    
Debtors 6
4,769
 
5,309
 
Cash at bank and in hand
11,287
 
2,069
 
16,056
 
7,378
 
Creditors: amounts falling due within one year 7
(12,349
)
(12,115
)
Net current assets/(liabilities)
3,707
 
(4,737
)
Total assets less current liabilities 29,623   28,497  
Creditors: amounts falling due after more than one year 8 -  
(3,333
)
Provisions for liabilities
(4,924
)
(6,314
)
Net assets
24,699
 
18,850
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
24,599
 
18,750
 
Shareholders funds
24,699
 
18,850
 
For the year ending
31 March 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
1 November 2024
, and are signed on behalf of the board by:
Edward Rhodes
Director
Company registration number:
05144254
E Rhodes Joinery Limited
Notes to the Financial Statements
Year ended
31 March 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
1 Bridestones Place
,
Eaton
,
Congleton
,
Cheshire
,
CW12 2NZ
, .

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services supplied, net of Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
15% reducing balance
Office equipment
25% straight line
Motor vehicles
25% reducing balance
Fixtures, fittings and equipment
15% reducing balance

Hire purchase contracts

Assets held under hire purchase contracts are capitalised as tangible fixed assets. Assets acquired under hire purchase contracts are depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods, The finance element of the rental payment is charged to the Profit and Loss Account so as to produce a constant periodic rate of charge on the net obligation outstanding each period.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2023:
1
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 April 2023
54,579
 
Additions
1,400
 
At
31 March 2024
55,979
 
Depreciation  
At
1 April 2023
21,345
 
Charge
8,718
 
At
31 March 2024
30,063
 
Carrying amount  
At
31 March 2024
25,916
 
At 31 March 2023
33,234
 

6 Debtors

20242023
££
Trade debtors
3,431
 
4,363
 
Other debtors
1,338
 
946
 
4,769
 
5,309
 

7 Creditors: amounts falling due within one year

20242023
££
Taxation and social security
5,107
 
6,854
 
Other creditors
7,242
 
5,261
 
12,349
 
12,115
 

8 Creditors: amounts falling due after more than one year

20242023
££
Other creditors -  
3,333