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REGISTERED NUMBER: 03699190 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Ash Joinery Ltd

Ash Joinery Ltd (Registered number: 03699190)






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


Ash Joinery Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: W D Mortiboys
Mrs A Mortiboys





SECRETARY: Mrs A Mortiboys





REGISTERED OFFICE: Ash House
Station Road
East Preston
Littlehampton
West Sussex
BN16 3AA





REGISTERED NUMBER: 03699190 (England and Wales)





ACCOUNTANTS: Reeves Wilkinson Limited trading as Botting & Co
Chartered Certified Accountants
41b Beach Road
Littlehampton
West Sussex
BN17 5JA

Ash Joinery Ltd (Registered number: 03699190)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 719,910 834,342
Investments 6 610,000 650,000
1,329,910 1,484,342

CURRENT ASSETS
Stocks 8,750 5,628
Debtors 7 36,425 27,035
Cash at bank 108 2
45,283 32,665
CREDITORS
Amounts falling due within one year 8 (269,360 ) (270,542 )
NET CURRENT LIABILITIES (224,077 ) (237,877 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,105,833

1,246,465

CREDITORS
Amounts falling due after more than one
year

9

(352,627

)

(434,983

)
NET ASSETS 753,206 811,482

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 753,106 811,382
SHAREHOLDERS' FUNDS 753,206 811,482

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.

Ash Joinery Ltd (Registered number: 03699190)

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 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 17 February 2025 and were signed on its behalf by:





Mrs A Mortiboys - Director


Ash Joinery Ltd (Registered number: 03699190)

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

1. STATUTORY INFORMATION

Ash 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 as modified by the revaluation of certain assets.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost, 20% on cost and 10% 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.

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.

Ash Joinery Ltd (Registered number: 03699190)

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

2. ACCOUNTING POLICIES - continued

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.

Investment property
The investment property is shown at is fair value as estimated by the directors.
Any movements in fair value are recognised in arriving at the profit before tax.
Deferred tax is provided against these movements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 7,000
AMORTISATION
At 1 July 2023
and 30 June 2024 7,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2023 609,499 596,011 9,171 103,728 1,318,409
Additions - 3,173 - - 3,173
Disposals - (60,495 ) - (31,600 ) (92,095 )
At 30 June 2024 609,499 538,689 9,171 72,128 1,229,487
DEPRECIATION
At 1 July 2023 123,335 302,828 8,272 49,632 484,067
Charge for year 8,300 42,619 258 18,032 69,209
Eliminated on disposal - (12,099 ) - (31,600 ) (43,699 )
At 30 June 2024 131,635 333,348 8,530 36,064 509,577
NET BOOK VALUE
At 30 June 2024 477,864 205,341 641 36,064 719,910
At 30 June 2023 486,164 293,183 899 54,096 834,342

Included in cost of land and buildings is freehold land of £ 194,500 (2023 - £ 194,500 ) which is not depreciated.

Ash Joinery Ltd (Registered number: 03699190)

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

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 July 2023 650,000
Revaluations (40,000 )
At 30 June 2024 610,000
NET BOOK VALUE
At 30 June 2024 610,000
At 30 June 2023 650,000

The investment property is shown at market value and has been valued by the director.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 27,824 26,931
Other debtors 8,601 104
36,425 27,035

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 31,526 32,764
Hire purchase contracts 40,315 47,591
Trade creditors 67,143 55,148
Taxation and social security 17,582 9,053
Other creditors 112,794 125,986
269,360 270,542

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 253,835 267,801
Hire purchase contracts 98,792 167,182
352,627 434,983

Ash Joinery Ltd (Registered number: 03699190)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank overdrafts 16,323 16,324
Bank loans 269,038 284,241
Hire purchase contracts 139,107 214,773
424,468 515,338