Registered number: 7037020 | ||||||||
FOR THE 364 DAY PERIOD ENDED 30/12/2023 | ||||||||
Prepared By: | ||||||||
Malcolm Roussak & Co | ||||||||
Chartered Accountants | ||||||||
Adamson House | ||||||||
Wilmslow Road | ||||||||
Didsbury | ||||||||
Manchester | ||||||||
M20 2YY |
Golborne Joinery Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE 364 DAY PERIOD ENDED 30/12/2023 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
Cheshire | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 7037020 | ||||||||
BANKERS | ||||||||
HSBC Bank plc | ||||||||
ACCOUNTANTS | ||||||||
Malcolm Roussak & Co | ||||||||
Chartered Accountants | ||||||||
Adamson House | ||||||||
Wilmslow Road | ||||||||
Didsbury | ||||||||
Manchester | ||||||||
M20 2YY |
Golborne Joinery Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE364 DAY PERIODENDED30/12/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Golborne Joinery Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
257,606 | 231,273 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 30,722 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 7 | 190,158 | 123,344 | |||||||
NET LIABILITIES | ( | ( | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Profit and loss account | (59,886) | (43,727) | ||||||||
SHAREHOLDERS' FUNDS | ( | ( | ||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Golborne Joinery Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE 364 DAY PERIOD ENDED 30/12/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | reducing balance 15% | |||||||
Commercial Vehicles | reducing balance 25% | |||||||
Fixtures and Fittings | reducing balance 15% | |||||||
Equipment | reducing balance 25% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Goodwill | ||||||||
Golborne Joinery Limited | ||||||||
2. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 01/01/2023 | 19,500 | 19,500 | ||
At 30/12/2023 | 19,500 | 19,500 | ||
Depreciation | ||||
At 01/01/2023 | 19,500 | 19,500 | ||
At 30/12/2023 | 19,500 | 19,500 | ||
Net Book Amounts | ||||
At 30/12/2023 | ||||
3. TANGIBLE FIXED ASSETS | ||||||||||
Plant and | Commercial | Fixtures | ||||||||
Machinery | Vehicles | and Fittings | Equipment | Total | ||||||
£ | £ | £ | £ | £ | ||||||
Cost | ||||||||||
At 01/01/2023 | 164,754 | 6,001 | - | 3,121 | 173,876 | |||||
Additions | 15,719 | - | 6,048 | 494 | 22,261 | |||||
At 30/12/2023 | 180,473 | 6,001 | 6,048 | 3,615 | 196,137 | |||||
Depreciation | ||||||||||
At 01/01/2023 | 121,479 | 1,501 | - | 1,901 | 124,881 | |||||
For the 364 day period | 8,350 | 1,125 | 1,512 | 428 | 11,415 | |||||
At 30/12/2023 | 129,829 | 2,626 | 1,512 | 2,329 | 136,296 | |||||
Net Book Amounts | ||||||||||
At 30/12/2023 | 59,841 | |||||||||
At 31/12/2022 | 48,995 | |||||||||
4. STOCK | 2023 | 2022 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
Work in progress | ||||||
Golborne Joinery Limited | ||||||||
5. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 89,111 | 79,128 | ||||||
UK corporation tax | - | 400 | ||||||
Other debtors | 23,072 | 25,360 | ||||||
Prepayments | 4,845 | 4,891 | ||||||
117,028 | 109,779 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
VAT | 35,817 | 6,340 | ||||||
PAYE control | 32,815 | 5,598 | ||||||
Salaries and wages control | 3,739 | - | ||||||
Bank loans and overdrafts | 21,832 | 27,631 | ||||||
Bank Loan | 2,817 | 9,893 | ||||||
Funding Circle | 3,875 | - | ||||||
Hire purchase | 4,938 | 5,850 | ||||||
Trade creditors | 79,616 | 142,037 | ||||||
Accruals | 1,626 | 3,202 | ||||||
187,075 | 200,551 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 28,321 | 24,928 | ||||||
Director's loan account | 131,836 | 93,200 | ||||||
Funding Circle over 1 year | 29,723 | - | ||||||
Hire purchase >1yr | 278 | 5,216 | ||||||
190,158 | 123,344 | |||||||
8. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 11 | |||||
Golborne Joinery Limited | ||||||||
9. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
10. POST BALANCE SHEET EVENTS | ||||||||
On 8 January 2025, the authorised and issued share capital was increased from £100 to £50000. | ||||||||
The new shares were alloted to the existing director by way of capitalisation of £49,900 of Directors loans to the company. | ||||||||