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REGISTERED NUMBER: 04502595 (England and Wales)















Financial Statements for the Year Ended 31 August 2024

for

Leavenheath Joinery Limited

Leavenheath Joinery Limited (Registered number: 04502595)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Leavenheath Joinery Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: N J Churchill
W D Churchill





SECRETARY: N J Churchill





REGISTERED OFFICE: Harrow Street
Leavenheath
Suffolk
CO6 4PN





REGISTERED NUMBER: 04502595 (England and Wales)





ACCOUNTANTS: Xeinadin Colchester
2 Beacon End Courtyard
London Road
Stanway
Colchester
Essex
CO3 0NU

Leavenheath Joinery Limited (Registered number: 04502595)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1,125 1,500
Tangible assets 5 200,641 161,818
201,766 163,318

CURRENT ASSETS
Stocks 48,178 33,160
Debtors 6 84,314 83,537
Cash at bank and in hand 42,023 35,806
174,515 152,503
CREDITORS
Amounts falling due within one year 7 257,789 197,287
NET CURRENT LIABILITIES (83,274 ) (44,784 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,492

118,534

PROVISIONS FOR LIABILITIES 13,866 10,361
NET ASSETS 104,626 108,173

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 103,626 107,173
104,626 108,173

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

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

Leavenheath Joinery Limited (Registered number: 04502595)

Balance Sheet - continued
31 August 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 2 May 2025 and were signed on its behalf by:





N J Churchill - Director


Leavenheath Joinery Limited (Registered number: 04502595)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Leavenheath Joinery Limited 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.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

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 - 50% on cost, 25% on reducing balance and 2% 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.

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.

Leavenheath Joinery Limited (Registered number: 04502595)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023
and 31 August 2024 4,855
AMORTISATION
At 1 September 2023 3,355
Charge for year 375
At 31 August 2024 3,730
NET BOOK VALUE
At 31 August 2024 1,125
At 31 August 2023 1,500

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 447,822
Additions 65,559
At 31 August 2024 513,381
DEPRECIATION
At 1 September 2023 286,004
Charge for year 26,736
At 31 August 2024 312,740
NET BOOK VALUE
At 31 August 2024 200,641
At 31 August 2023 161,818

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 82,463 82,218
Other debtors 1,851 1,319
84,314 83,537

Leavenheath Joinery Limited (Registered number: 04502595)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 420 5,198
Trade creditors 53,681 46,639
Amounts owed to group undertakings 9,570 9,570
Taxation and social security 41,261 39,586
Other creditors 152,857 96,294
257,789 197,287