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REGISTERED NUMBER: 08576412 (England and Wales)











Clive Toon Joinery Ltd

Unaudited Financial Statements

for the Year Ended 30 June 2024






Clive Toon Joinery Ltd (Registered number: 08576412)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Clive Toon Joinery Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: C Toon





REGISTERED OFFICE: 6 Charter Point Way
Ashby Park
Ashby de la Zouch
LE65 1NF





REGISTERED NUMBER: 08576412 (England and Wales)





ACCOUNTANTS: Haines Watts
6 Charter Point Way
Ashby Business Park
Ashby De La Zouch
Leicestershire
LE65 1NF

Clive Toon Joinery Ltd (Registered number: 08576412)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 52,097 32,953

CURRENT ASSETS
Stocks 6 50,000 50,000
Debtors 7 878,695 336,305
Investments 8 56,046 -
Cash at bank 283,494 762,281
1,268,235 1,148,586
CREDITORS
Amounts falling due within one year 9 139,168 177,774
NET CURRENT ASSETS 1,129,067 970,812
TOTAL ASSETS LESS CURRENT LIABILITIES 1,181,164 1,003,765

PROVISIONS FOR LIABILITIES 7,875 6,261
NET ASSETS 1,173,289 997,504

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 1,173,288 997,503
SHAREHOLDERS' FUNDS 1,173,289 997,504

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 February 2025 and were signed by:





C Toon - Director


Clive Toon Joinery Ltd (Registered number: 08576412)

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


1. STATUTORY INFORMATION

Clive Toon 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgement, estimates and assumptions about carrying amounts of assets and liabilities that are not readily apparent from other sources. the estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that periods, or in the period of revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Clive Toon Joinery Ltd (Registered number: 08576412)

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


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 173,036 1,824 86,990 6,892 268,742
Additions - - 42,290 3,125 45,415
Disposals - - (24,995 ) (2,498 ) (27,493 )
At 30 June 2024 173,036 1,824 104,285 7,519 286,664
DEPRECIATION
At 1 July 2023 172,245 981 56,343 6,220 235,789
Charge for year 723 383 23,771 1,394 26,271
Eliminated on disposal - - (24,995 ) (2,498 ) (27,493 )
At 30 June 2024 172,968 1,364 55,119 5,116 234,567
NET BOOK VALUE
At 30 June 2024 68 460 49,166 2,403 52,097
At 30 June 2023 791 843 30,647 672 32,953

6. STOCKS
2024 2023
£    £   
Stocks 50,000 50,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 261,805 222,778
Other debtors 109,933 109,933
Directors' current accounts 502,640 -
Prepayments 4,317 3,594
878,695 336,305

8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other 56,046 -

Clive Toon Joinery Ltd (Registered number: 08576412)

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


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 40,069 55,119
Tax 57,457 74,350
Pension creditor 2,943 2,729
VAT 37,619 44,292
Directors' current accounts - 204
Accrued expenses 1,080 1,080
139,168 177,774

10. CALLED UP SHARE CAPITAL

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

11. RESERVES
Retained
earnings
£   

At 1 July 2023 997,503
Profit for the year 192,785
Dividends (17,000 )
At 30 June 2024 1,173,288

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits from a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
C Toon
Balance outstanding at start of year (203 ) (171 )
Amounts advanced 503,495 983
Amounts repaid - (1,015 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 503,292 (203 )

The loan is interest free and repayable on demand.

13. RELATED PARTY DISCLOSURES

At the year end Clive Toon Developments Ltd owed the company £116,494 (2023: £116,494). The director and shareholder of the company is also the director and shareholder of Clive Toon Developments Ltd.