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Company Registration No. 10300611 (England and Wales)
M Latham Joinery Ltd Unaudited accounts for the year ended 31 August 2024
M Latham Joinery Ltd Unaudited accounts Contents
Page
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M Latham Joinery Ltd Company Information for the year ended 31 August 2024
Directors
M Latham S Latham
Company Number
10300611 (England and Wales)
Registered Office
Suite 2 Riverside Court Castle Street Barnstaple Devon EX31 1DR
Accountants
JD Accountants (South West) Ltd Suite 2, Riverside Court Castle Street Barnstaple Devon EX31 1DR
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M Latham Joinery Ltd Accountants' report
Accountants' report to the board of directors of M Latham Joinery Ltd on the preparation of the unaudited statutory accounts for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of M Latham Joinery Ltd for the year ended 31 August 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of M Latham Joinery Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of M Latham Joinery Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M Latham Joinery Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that M Latham Joinery Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of M Latham Joinery Ltd. You consider that M Latham Joinery Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of M Latham Joinery Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
JD Accountants (South West) Ltd Suite 2, Riverside Court Castle Street Barnstaple Devon EX31 1DR 31 January 2025
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M Latham Joinery Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4,520 
6,780 
Tangible assets
320,658 
320,701 
325,178 
327,481 
Current assets
Inventories
4,750 
4,750 
Debtors
75,559 
5,382 
Cash at bank and in hand
253,503 
190,899 
333,812 
201,031 
Creditors: amounts falling due within one year
(188,855)
(195,803)
Net current assets
144,957 
5,228 
Total assets less current liabilities
470,135 
332,709 
Provisions for liabilities
Deferred tax
(10,519)
(10,528)
Net assets
459,616 
322,181 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
459,416 
321,981 
Shareholders' funds
459,616 
322,181 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by
M Latham Director Company Registration No. 10300611
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M Latham Joinery Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
M Latham Joinery Ltd is a private company, limited by shares, registered in England and Wales, registration number 10300611. The registered office is Suite 2 Riverside Court, Castle Street, Barnstaple, Devon, EX31 1DR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
15% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2023
22,600 
At 31 August 2024
22,600 
Amortisation
At 1 September 2023
15,820 
Charge for the year
2,260 
At 31 August 2024
18,080 
Net book value
At 31 August 2024
4,520 
At 31 August 2023
6,780 
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M Latham Joinery Ltd Notes to the Accounts for the year ended 31 August 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2023
265,292 
88,181 
32,918 
14,041 
400,432 
Additions
- 
- 
11,666 
99 
11,765 
At 31 August 2024
265,292 
88,181 
44,584 
14,140 
412,197 
Depreciation
At 1 September 2023
- 
64,060 
11,992 
3,679 
79,731 
Charge for the year
- 
4,825 
4,889 
2,094 
11,808 
At 31 August 2024
- 
68,885 
16,881 
5,773 
91,539 
Net book value
At 31 August 2024
265,292 
19,296 
27,703 
8,367 
320,658 
At 31 August 2023
265,292 
24,121 
20,926 
10,362 
320,701 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
70,122 
601 
Accrued income and prepayments
5,437 
4,781 
75,559 
5,382 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
33,011 
3,646 
Trade creditors
59,516 
75,970 
Taxes and social security
45,604 
21,940 
Loans from directors
49,414 
90,637 
Accruals
1,310 
3,610 
188,855 
195,803 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200 
200 
9
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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