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REGISTERED NUMBER: 08873025 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Brookeswood Joinery Ltd

Brookeswood Joinery Ltd (Registered number: 08873025)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Brookeswood Joinery Ltd

Company Information
for the year ended 31 May 2024







DIRECTORS: Mr N R Brookes
Mrs S A Brookes
Mr B J Brookes





REGISTERED OFFICE: Fould Farm
Meerbrook Road
Leek
Staffordshire
ST13 8SQ





REGISTERED NUMBER: 08873025 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
Cherry Tree Court
Cross Street
Leek
Staffordshire
ST13 6BL

Brookeswood Joinery Ltd (Registered number: 08873025)

Balance Sheet
31 May 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 13,238 10,190

CURRENT ASSETS
Stocks 127,509 127,509
Debtors 5 87,071 77,959
Cash at bank and in hand 31,361 44,669
245,941 250,137
CREDITORS
Amounts falling due within one year 6 (234,486 ) (231,926 )
NET CURRENT ASSETS 11,455 18,211
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,693

28,401

CREDITORS
Amounts falling due after more than one year 7 (22,154 ) (26,182 )

PROVISIONS FOR LIABILITIES (2,515 ) (1,936 )
NET ASSETS 24 283

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 23 282
SHAREHOLDERS' FUNDS 24 283

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

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

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 15 October 2024 and were signed on its behalf by:



Mr N R Brookes - Director



Mrs S A Brookes - Director


Brookeswood Joinery Ltd (Registered number: 08873025)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Brookeswood 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.
Plant and machinery etc - 33% on reducing balance and 15% on reducing balance

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 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
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 20 (2023 - 16 ) .

Brookeswood Joinery Ltd (Registered number: 08873025)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 June 2023 32,073
Additions 5,467
At 31 May 2024 37,540
DEPRECIATION
At 1 June 2023 21,883
Charge for year 2,419
At 31 May 2024 24,302
NET BOOK VALUE
At 31 May 2024 13,238
At 31 May 2023 10,190

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 38,897 32,598
Other debtors 48,174 45,361
87,071 77,959

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 4,028 4,028
Trade creditors 54,957 90,717
Taxation and social security 156,131 112,964
Other creditors 19,370 24,217
234,486 231,926

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 22,154 26,182

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
10 Ordinary 1 1 1

Brookeswood Joinery Ltd (Registered number: 08873025)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£ £
Mr N R Brookes
Balance outstanding at start of year 3,009 5,194
Amounts advanced 6,768 5,482
Amounts repaid (3,250 ) (7,667 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,527 3,009

Mrs S A Brookes
Balance outstanding at start of year 3,009 5,194
Amounts advanced 6,768 5,482
Amounts repaid (3,250 ) (7,667 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,527 3,009

Mr B J Brookes
Balance outstanding at start of year 3,009 5,194
Amounts advanced 6,768 5,482
Amounts repaid - (7,667 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,777 3,009