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REGISTERED NUMBER: 06611037 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Clegg's Joinery Ltd

Clegg's Joinery Ltd (Registered number: 06611037)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clegg's Joinery Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: D Clegg
L K Moorcroft





SECRETARY: L K Moorcroft





REGISTERED OFFICE: Suites 5 & 6
The Printworks
Hey Road, Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 06611037 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Clegg's Joinery Ltd (Registered number: 06611037)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,010 28,576

CURRENT ASSETS
Stocks 12,164 12,180
Debtors 5 2,135 2,316
Cash at bank 31,185 52,547
45,484 67,043
CREDITORS
Amounts falling due within one year 6 40,764 61,421
NET CURRENT ASSETS 4,720 5,622
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,730

34,198

CREDITORS
Amounts falling due after more than one
year

7

(4,215

)

(11,442

)

PROVISIONS FOR LIABILITIES 8 (5,578 ) (6,076 )
NET ASSETS 16,937 16,680

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 16,837 16,580
SHAREHOLDERS' FUNDS 16,937 16,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Clegg's Joinery Ltd (Registered number: 06611037)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 January 2025 and were signed on its behalf by:




D Clegg - Director



L K Moorcroft - Director


Clegg's Joinery Ltd (Registered number: 06611037)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Clegg's Joinery Ltd 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 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 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 - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Clegg's Joinery Ltd (Registered number: 06611037)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 1,639 31,465 1,433 34,537
Additions 660 - - 660
At 30 June 2024 2,299 31,465 1,433 35,197
DEPRECIATION
At 1 July 2023 731 3,933 1,297 5,961
Charge for year 248 6,883 95 7,226
At 30 June 2024 979 10,816 1,392 13,187
NET BOOK VALUE
At 30 June 2024 1,320 20,649 41 22,010
At 30 June 2023 908 27,532 136 28,576

Clegg's Joinery Ltd (Registered number: 06611037)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2023
and 30 June 2024 31,465
DEPRECIATION
At 1 July 2023 3,933
Charge for year 6,883
At 30 June 2024 10,816
NET BOOK VALUE
At 30 June 2024 20,649
At 30 June 2023 27,532

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 2,135 2,316

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 7,226 7,226
Trade creditors 11,495 10,132
Taxation and social security 4,802 (512 )
Other creditors 17,241 44,575
40,764 61,421

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 4,215 11,442

8. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 5,578 6,076

Clegg's Joinery Ltd (Registered number: 06611037)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2023 6,076
Credit to Income Statement during year (498 )
Balance at 30 June 2024 5,578

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Clegg.