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REGISTERED NUMBER: 04335540 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

MARKHAM FURNITURE & JOINERY LIMITED

MARKHAM FURNITURE & JOINERY LIMITED (REGISTERED NUMBER: 04335540)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MARKHAM FURNITURE & JOINERY LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J Markham





SECRETARY: Mrs K A Markham





REGISTERED OFFICE: Wellingtons
50 Wivelsfield Road
Haywards Heath
West Sussex
RH16 4EW





REGISTERED NUMBER: 04335540 (England and Wales)





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH

MARKHAM FURNITURE & JOINERY LIMITED (REGISTERED NUMBER: 04335540)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,222 2,859

CURRENT ASSETS
Debtors 5 8,200 11,256
Cash at bank 19,252 21,220
27,452 32,476
CREDITORS
Amounts falling due within one year 6 14,742 18,800
NET CURRENT ASSETS 12,710 13,676
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,932

16,535

PROVISIONS FOR LIABILITIES 423 543
NET ASSETS 14,509 15,992

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 14,507 15,990
SHAREHOLDERS' FUNDS 14,509 15,992

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.

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 25 November 2024 and were signed by:



J Markham - Director


MARKHAM FURNITURE & JOINERY LIMITED (REGISTERED NUMBER: 04335540)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Markham Furniture & Joinery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

MARKHAM FURNITURE & JOINERY LIMITED (REGISTERED NUMBER: 04335540)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 4,452 14,685 906 20,043
DEPRECIATION
At 1 April 2023 2,598 13,858 728 17,184
Charge for year 371 207 59 637
At 31 March 2024 2,969 14,065 787 17,821
NET BOOK VALUE
At 31 March 2024 1,483 620 119 2,222
At 31 March 2023 1,854 827 178 2,859

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 8,200 11,256

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 879 2,777
Tax 5,168 9,528
Social security and other taxes 138 386
VAT 6,688 4,687
Directors' current accounts 985 540
Accrued expenses 884 882
14,742 18,800

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2