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
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
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
M Latham Joinery Ltd
Statement of financial position
as at 31 August 2024
Intangible assets
4,520
6,780
Tangible assets
320,658
320,701
Cash at bank and in hand
253,503
190,899
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
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
M Latham Joinery Ltd
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 1 September 2023
22,600
At 1 September 2023
15,820
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
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
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
Amounts falling due within one year
Accrued income and prepayments
5,437
4,781
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
59,516
75,970
Taxes and social security
45,604
21,940
Loans from directors
49,414
90,637
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).