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Registered number: 7037020

Golborne Joinery Limited

ACCOUNTS
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
Andrew Timothy Jarman
SECRETARY
Mrs Diane Marie Jarman
REGISTERED OFFICE
2 Lowton Enterprise Park
151 Newton Road
Warrington
Cheshire
WA3 1EZ
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 Sheet3
Notes To The Accounts4
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 30/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets359,84148,995
CURRENT ASSETS
Stock138,955119,872
Debtors5117,028109,779
Cash at bank and in hand1,6231,622
257,606231,273
CREDITORS: Amounts falling due within one year6187,075200,551
NET CURRENT ASSETS70,53130,722
TOTAL ASSETS LESS CURRENT LIABILITIES130,37279,717
CREDITORS: Amounts falling due after more than one year7190,158123,344
NET LIABILITIES(59,786)(43,627)
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account(59,886)(43,727)
SHAREHOLDERS' FUNDS(59,786)(43,627)
For the year ending 30/12/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 09/01/2025 and signed on their behalf by
.............................
Andrew Timothy Jarman
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 15%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing 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
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

Golborne Joinery Limited

2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/01/202319,50019,500
At 30/12/202319,50019,500
Depreciation
At 01/01/202319,50019,500
At 30/12/202319,50019,500
Net Book Amounts
At 30/12/2023--
3. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsEquipmentTotal
£££££
Cost
At 01/01/2023164,7546,001-3,121173,876
Additions15,719-6,04849422,261
At 30/12/2023180,4736,0016,0483,615196,137
Depreciation
At 01/01/2023121,4791,501-1,901124,881
For the 364 day period8,3501,1251,51242811,415
At 30/12/2023129,8292,6261,5122,329136,296
Net Book Amounts
At 30/12/202350,6443,3754,5361,28659,841
At 31/12/202243,2754,500-1,22048,995
4. STOCK 20232022
££
Stock comprises:
Stock120,210109,747
Work in progress18,74510,125
138,955119,872

Golborne Joinery Limited

5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors89,11179,128
UK corporation tax-400
Other debtors23,07225,360
Prepayments4,8454,891
117,028109,779
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
VAT35,8176,340
PAYE control32,8155,598
Salaries and wages control3,739-
Bank loans and overdrafts21,83227,631
Bank Loan2,8179,893
Funding Circle3,875-
Hire purchase4,9385,850
Trade creditors79,616142,037
Accruals1,6263,202
187,075200,551
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr28,32124,928
Director's loan account131,83693,200
Funding Circle over 1 year29,723-
Hire purchase >1yr2785,216
190,158123,344
8. EMPLOYEES
20232022
No.No.
Average number of employees1211

Golborne Joinery Limited

9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1.00 each100100
100100
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.