Alder Joinery Limited SC182842 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is joinery services. Digita Accounts Production Advanced 6.30.9574.0 true true true SC182842 2023-03-01 2024-02-29 SC182842 2024-02-29 SC182842 bus:OrdinaryShareClass1 2024-02-29 SC182842 core:CurrentFinancialInstruments 2024-02-29 SC182842 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 SC182842 core:Non-currentFinancialInstruments 2024-02-29 SC182842 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 SC182842 core:LandBuildings core:ShortLeaseholdAssets 2024-02-29 SC182842 core:MotorVehicles 2024-02-29 SC182842 core:PlantMachinery 2024-02-29 SC182842 bus:SmallEntities 2023-03-01 2024-02-29 SC182842 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 SC182842 bus:FilletedAccounts 2023-03-01 2024-02-29 SC182842 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 SC182842 bus:RegisteredOffice 2023-03-01 2024-02-29 SC182842 bus:CompanySecretary1 2023-03-01 2024-02-29 SC182842 bus:Director1 2023-03-01 2024-02-29 SC182842 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 SC182842 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC182842 core:Buildings 2023-03-01 2024-02-29 SC182842 core:LandBuildings core:ShortLeaseholdAssets 2023-03-01 2024-02-29 SC182842 core:MotorVehicles 2023-03-01 2024-02-29 SC182842 core:PlantMachinery 2023-03-01 2024-02-29 SC182842 1 2023-03-01 2024-02-29 SC182842 countries:Scotland 2023-03-01 2024-02-29 SC182842 2023-02-28 SC182842 core:LandBuildings core:ShortLeaseholdAssets 2023-02-28 SC182842 core:MotorVehicles 2023-02-28 SC182842 core:PlantMachinery 2023-02-28 SC182842 2022-03-01 2023-02-28 SC182842 2023-02-28 SC182842 bus:OrdinaryShareClass1 2023-02-28 SC182842 core:CurrentFinancialInstruments 2023-02-28 SC182842 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 SC182842 core:Non-currentFinancialInstruments 2023-02-28 SC182842 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 SC182842 core:LandBuildings core:ShortLeaseholdAssets 2023-02-28 SC182842 core:MotorVehicles 2023-02-28 SC182842 core:PlantMachinery 2023-02-28 SC182842 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC182842

Alder Joinery Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Alder Joinery Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Alder Joinery Limited

Company Information

Director

Mr Robert George Muir

Company secretary

Mrs Margaret Muir

Registered office

27 Lauriston Street
Edinburgh
EH3 9DQ

Accountants

Stewart & Cumming Ltd
31-33 Bridge Street
Musselburgh
Midlothian
EH21 6AA

 

Alder Joinery Limited

(Registration number: SC182842)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

15,158

4,316

Current assets

 

Stocks

5

605

605

Debtors

6

6,744

7,012

Cash at bank and in hand

 

123,790

141,083

 

131,139

148,700

Creditors: Amounts falling due within one year

7

(123,405)

(132,515)

Net current assets

 

7,734

16,185

Total assets less current liabilities

 

22,892

20,501

Creditors: Amounts falling due after more than one year

7

(8,184)

-

Net assets

 

14,708

20,501

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

14,608

20,401

Shareholders' funds

 

14,708

20,501

For the financial year ending 29 February 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 November 2024
 

 

Alder Joinery Limited

(Registration number: SC182842)
Balance Sheet as at 29 February 2024

.........................................
Mr Robert George Muir
Director

 

Alder Joinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
27 Lauriston Street
Edinburgh
EH3 9DQ
Scotland

The principal place of business is:
27 Lauriston Street
Edinburgh
EH3 9DQ
Scotland

These financial statements were authorised for issue by the director on 29 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Alder Joinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Short leasehold land and buildings

10% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Alder Joinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 3).

 

Alder Joinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Tangible assets

Short leasehold land and buildings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2023

12,505

10,977

29,544

53,026

Additions

-

450

15,700

16,150

Disposals

-

(3,484)

(24,440)

(27,924)

At 29 February 2024

12,505

7,943

20,804

41,252

Depreciation

At 1 March 2023

9,260

9,906

29,544

48,710

Charge for the year

1,251

132

3,925

5,308

Eliminated on disposal

-

(3,484)

(24,440)

(27,924)

At 29 February 2024

10,511

6,554

9,029

26,094

Carrying amount

At 29 February 2024

1,994

1,389

11,775

15,158

At 28 February 2023

3,245

1,071

-

4,316

Included within the net book value of land and buildings above is £1,994 (2023 - £3,244) in respect of short leasehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

605

605

6

Debtors

Current

2024
£

2023
£

Trade debtors

5,344

6,604

Prepayments

1,094

408

Other debtors

306

-

 

6,744

7,012

 

Alder Joinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

361

1,165

Taxation and social security

3,066

4,810

Accruals and deferred income

2,520

2,558

Other creditors

117,458

123,982

123,405

132,515

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

8,184

-

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

8,184

-

10

Dividends

Final dividends paid

2024
£

2023
£

Final dividend of £Nil (2023 - £46.00) per each Ordinary

-

4,600

 

 

Interim dividends paid

 

Alder Joinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

2024
£

2023
£

Interim dividend of £10.00 (2023 - £Nil) per each Ordinary

1,000

-

 

 

11

Related party transactions

The loan from the director to the company at the year-end was £117,268 (2022 - £123,612). No interest was charged and no repayment date has been fixed.

 

Alder Joinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

9,880

9,880

12

Parent and ultimate parent undertaking

The ultimate controlling party is Mr Robert George Muir.