Registered number
12250120
J White Joinery Ltd
Filleted Accounts
31 March 2024
J White Joinery Ltd
Registered number: 12250120
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 7,935 15,405
Current assets
Stocks - 5,000
Debtors 5 6,837 -
Cash at bank and in hand 5,715 2,799
12,552 7,799
Creditors: amounts falling due within one year 6 (11,271) (1,784)
Net current assets 1,281 6,015
Total assets less current liabilities 9,216 21,420
Creditors: amounts falling due after more than one year 7 (80,074) (94,180)
Net liabilities (70,858) (72,760)
Capital and reserves
Called up share capital 1 1
Profit and loss account (70,859) (72,761)
Shareholders' funds (70,858) (72,760)
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 members have 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.
J M White
Director
Approved by the board on 30 April 2024
J White 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Motor vehicles over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 10,000
At 31 March 2024 10,000
Amortisation
At 1 April 2023 10,000
At 31 March 2024 10,000
Net book value
At 31 March 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 April 2023 13,819 23,733 37,552
At 31 March 2024 13,819 23,733 37,552
Depreciation
At 1 April 2023 7,909 14,238 22,147
Charge for the year 2,725 4,745 7,470
At 31 March 2024 10,634 18,983 29,617
Net book value
At 31 March 2024 3,185 4,750 7,935
At 31 March 2023 5,910 9,495 15,405
5 Debtors 2024 2023
£ £
Trade debtors 6,837 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 9,891 704
Other creditors 1,380 1,080
11,271 1,784
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,386 15,195
Obligations under finance lease and hire purchase contracts 16,083 17,617
Directors loan account 50,605 61,368
80,074 94,180
8 Controlling party
The company is controlled by the director.
9 Other information
J White Joinery Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 1 The Old Woodyard
Bath Road
Nympsfield
Stonehouse
Glos
J White Joinery Ltd 12250120 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 J M White No description of principal activity 12250120 2022-04-01 2023-03-31 12250120 core:WithinOneYear 2023-03-31 12250120 core:AfterOneYear 2023-03-31 12250120 core:ShareCapital 2023-03-31 12250120 core:RetainedEarningsAccumulatedLosses 2023-03-31 12250120 2023-04-01 2024-03-31 12250120 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12250120 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 12250120 bus:Director40 2023-04-01 2024-03-31 12250120 1 2023-04-01 2024-03-31 12250120 2 2023-04-01 2024-03-31 12250120 core:PlantMachinery 2023-04-01 2024-03-31 12250120 core:Vehicles 2023-04-01 2024-03-31 12250120 countries:England 2023-04-01 2024-03-31 12250120 bus:FRS102 2023-04-01 2024-03-31 12250120 bus:FilletedAccounts 2023-04-01 2024-03-31 12250120 2024-03-31 12250120 core:WithinOneYear 2024-03-31 12250120 core:AfterOneYear 2024-03-31 12250120 core:ShareCapital 2024-03-31 12250120 core:RetainedEarningsAccumulatedLosses 2024-03-31 12250120 core:Goodwill 2024-03-31 12250120 core:PlantMachinery 2024-03-31 12250120 core:Vehicles 2024-03-31 12250120 2023-03-31 12250120 core:Goodwill 2023-03-31 12250120 core:PlantMachinery 2023-03-31 12250120 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure