IRIS Accounts Production v24.3.2.46 05521475 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh055214752023-07-31055214752024-07-31055214752023-08-012024-07-31055214752022-07-31055214752022-08-012023-07-31055214752023-07-3105521475ns15:EnglandWales2023-08-012024-07-3105521475ns14:PoundSterling2023-08-012024-07-3105521475ns10:Director12023-08-012024-07-3105521475ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3105521475ns10:SmallEntities2023-08-012024-07-3105521475ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3105521475ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3105521475ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3105521475ns10:FullAccounts2023-08-012024-07-310552147512023-08-012024-07-3105521475ns10:OrdinaryShareClass12023-08-012024-07-3105521475ns10:Director22023-08-012024-07-3105521475ns10:CompanySecretary12023-08-012024-07-3105521475ns10:RegisteredOffice2023-08-012024-07-3105521475ns5:CurrentFinancialInstruments2024-07-3105521475ns5:CurrentFinancialInstruments2023-07-3105521475ns5:Non-currentFinancialInstruments2024-07-3105521475ns5:Non-currentFinancialInstruments2023-07-3105521475ns5:ShareCapital2024-07-3105521475ns5:ShareCapital2023-07-3105521475ns5:RetainedEarningsAccumulatedLosses2024-07-3105521475ns5:RetainedEarningsAccumulatedLosses2023-07-3105521475ns5:PlantMachinery2023-08-012024-07-3105521475ns5:MotorVehicles2023-08-012024-07-3105521475ns5:ComputerEquipment2023-08-012024-07-3105521475ns5:NetGoodwill2023-07-3105521475ns5:NetGoodwill2024-07-3105521475ns5:NetGoodwill2023-07-3105521475ns5:PlantMachinery2023-07-3105521475ns5:MotorVehicles2023-07-3105521475ns5:ComputerEquipment2023-07-3105521475ns5:PlantMachinery2024-07-3105521475ns5:MotorVehicles2024-07-3105521475ns5:ComputerEquipment2024-07-3105521475ns5:PlantMachinery2023-07-3105521475ns5:MotorVehicles2023-07-3105521475ns5:ComputerEquipment2023-07-3105521475ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3105521475ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3105521475ns10:OrdinaryShareClass12024-07-31
REGISTERED NUMBER: 05521475 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

PATRICK TRAVES JOINERY LIMITED

PATRICK TRAVES JOINERY LIMITED (REGISTERED NUMBER: 05521475)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PATRICK TRAVES JOINERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: P A Traves
M E Traves





SECRETARY: M E Traves





REGISTERED OFFICE: Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ





REGISTERED NUMBER: 05521475 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

PATRICK TRAVES JOINERY LIMITED (REGISTERED NUMBER: 05521475)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 61,106 78,239
61,106 78,239

CURRENT ASSETS
Debtors 6 48,716 56,532
Cash at bank 137,926 70,290
186,642 126,822
CREDITORS
Amounts falling due within one year 7 72,777 52,352
NET CURRENT ASSETS 113,865 74,470
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,971

152,709

CREDITORS
Amounts falling due after more than one
year

8

(16,642

)

(31,400

)

PROVISIONS FOR LIABILITIES (16,193 ) (19,560 )
NET ASSETS 142,136 101,749

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 142,036 101,649
SHAREHOLDERS' FUNDS 142,136 101,749

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

PATRICK TRAVES JOINERY LIMITED (REGISTERED NUMBER: 05521475)

BALANCE SHEET - continued
31 JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2024 and were signed on its behalf by:





P A Traves - Director


PATRICK TRAVES JOINERY LIMITED (REGISTERED NUMBER: 05521475)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Patrick Traves 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.

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 relates to joinery work excluding discounts, rebates, value added tax and other taxes recognised upon fulfilment of rights and obligations .

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the income and retained earnings over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

PATRICK TRAVES JOINERY LIMITED (REGISTERED NUMBER: 05521475)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 20,000
AMORTISATION
At 1 August 2023
and 31 July 2024 20,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 15,085 84,625 1,188 100,898
Additions 2,362 310 - 2,672
At 31 July 2024 17,447 84,935 1,188 103,570
DEPRECIATION
At 1 August 2023 8,983 12,709 967 22,659
Charge for year 1,693 18,057 55 19,805
At 31 July 2024 10,676 30,766 1,022 42,464
NET BOOK VALUE
At 31 July 2024 6,771 54,169 166 61,106
At 31 July 2023 6,102 71,916 221 78,239

The net book value of tangible fixed assets includes £ 48,874 (2023 - £ 65,166 ) in respect of assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 24,694 24,958
Other debtors 24,022 31,574
48,716 56,532

PATRICK TRAVES JOINERY LIMITED (REGISTERED NUMBER: 05521475)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 14,925 14,087
Trade creditors 4,637 4,426
Taxation and social security 31,360 27
Other creditors 21,855 33,812
72,777 52,352

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 16,642 31,400

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Hire purchase contracts 31,567 45,487

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100