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REGISTERED NUMBER: 03119866 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MIKE FLEMING (JOINERY) LIMITED

MIKE FLEMING (JOINERY) LIMITED (REGISTERED NUMBER: 03119866)

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


MIKE FLEMING (JOINERY) LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: J A Fleming





REGISTERED OFFICE: 22 West Grove
Barton Upon Humber
South Humberside
DN185AG





REGISTERED NUMBER: 03119866 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

MIKE FLEMING (JOINERY) LIMITED (REGISTERED NUMBER: 03119866)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 1,727 811
Cash at bank 11,311 14,031
13,038 14,842
CREDITORS
Amounts falling due within one year 6 2,585 1,599
NET CURRENT ASSETS 10,453 13,243
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,453

13,243

CREDITORS
Amounts falling due after more than one year 7 205 2,598
NET ASSETS 10,248 10,645

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 10,246 10,643
SHAREHOLDERS' FUNDS 10,248 10,645

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 director acknowledges his 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.

MIKE FLEMING (JOINERY) LIMITED (REGISTERED NUMBER: 03119866)

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 director and authorised for issue on 28 November 2024 and were signed by:





J A Fleming - Director


MIKE FLEMING (JOINERY) LIMITED (REGISTERED NUMBER: 03119866)

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


1. STATUTORY INFORMATION

Mike Fleming (Joinery) Limited is a private company, limited by shares, registered in England. The company's registered number is 03119866 and it has its registered office address and principal place of business at 22 West Grove , Barton Upon Humber, South Humberside, DN185AG

The financial statements are presented in sterling, which is the functional currency of the company and covers the individual entity only.

The principal activity of the company is that of joinery and maintenance.

2. 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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the director, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

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

Turnover is the amount receivable for the provision of goods and services falling within the company's ordinary activities excluding value added tax and trade discounts.

Turnover from the provision of goods is recognised when the risks and rewards of ownership of goods have been transferred to the customer. The risk and rewards of ownership of goods are deemed to have been transferred when the goods are shipped to, or picked up by, the customer.

Turnover from services are recognised when the service provided to the customer has been completed.

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 etc - 20% on cost


MIKE FLEMING (JOINERY) LIMITED (REGISTERED NUMBER: 03119866)

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


2. ACCOUNTING POLICIES - continued
Taxation
Taxation represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for the current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on the tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 17,027
DEPRECIATION
At 1 April 2023
and 31 March 2024 17,027
NET BOOK VALUE
At 31 March 2024 -

MIKE FLEMING (JOINERY) LIMITED (REGISTERED NUMBER: 03119866)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,681 755
Other debtors 46 56
1,727 811

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,393 1,152
Trade creditors 2 60
Taxation and social security 91 1
Other creditors 99 386
2,585 1,599

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 205 2,598

8. RELATED PARTY DISCLOSURES

Included within other creditors as at 31st March 2024 is the following amount owing to the directors.

JA Fleming

Amount owing of £95 (2023: £375)
The loan was made on an interest free basis and is repayable on demand.