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REGISTERED NUMBER: 10572327 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE JOINERY & FURNITURE COMPANY LTD

THE JOINERY & FURNITURE COMPANY LTD (REGISTERED NUMBER: 10572327)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE JOINERY & FURNITURE COMPANY LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: R Maxwell-Miles
N Ramsden





REGISTERED OFFICE: Hayes Farm
Gay Street
Pulborough
West Sussex
RH20 2HL





REGISTERED NUMBER: 10572327 (England and Wales)





ACCOUNTANTS: A & N (Haslemere) Limited
Aruna House
2 Kings Road
Haslemere
Surrey
GU27 2QA

THE JOINERY & FURNITURE COMPANY LTD (REGISTERED NUMBER: 10572327)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 23,677 31,094

CURRENT ASSETS
Stocks 4 1,040 1,340
Debtors 5 26,499 29,053
Cash at bank 15,944 12,899
43,483 43,292
CREDITORS
Amounts falling due within one year 6 46,997 38,844
NET CURRENT (LIABILITIES)/ASSETS (3,514 ) 4,448
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,163

35,542

CREDITORS
Amounts falling due after more than one
year

7

(13,005

)

(17,645

)

PROVISIONS FOR LIABILITIES (5,829 ) (1,675 )
NET ASSETS 1,329 16,222

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,327 16,220
1,329 16,222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

THE JOINERY & FURNITURE COMPANY LTD (REGISTERED NUMBER: 10572327)

BALANCE SHEET - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:




R Maxwell-Miles - Director



N Ramsden - Director


THE JOINERY & FURNITURE COMPANY LTD (REGISTERED NUMBER: 10572327)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

THE JOINERY & FURNITURE COMPANY LTD (REGISTERED NUMBER: 10572327)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 38,632 - 29,551 68,183
Additions - 363 - 363
At 31 March 2024 38,632 363 29,551 68,546
DEPRECIATION
At 1 April 2023 30,885 - 6,204 37,089
Charge for year 1,937 6 5,837 7,780
At 31 March 2024 32,822 6 12,041 44,869
NET BOOK VALUE
At 31 March 2024 5,810 357 17,510 23,677
At 31 March 2023 7,747 - 23,347 31,094

4. STOCKS
31.3.24 31.3.23
£    £   
Stocks 1,040 1,340

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,362 5,845
Other debtors 24,137 23,208
26,499 29,053

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 6,121 6,121
Trade creditors 8,913 4,131
Taxation and social security 25,975 23,603
Other creditors 5,988 4,989
46,997 38,844

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 13,005 17,645