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REGISTERED NUMBER: 01045125 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

MILLWOOD JOINERY LIMITED

MILLWOOD JOINERY LIMITED (REGISTERED NUMBER: 01045125)






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


MILLWOOD JOINERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: M E Goddard
C A Goddard





SECRETARY: Mrs S L Goddard





REGISTERED OFFICE: Clayfields Industrial Estate
Tickhill Road
Balby
Doncaster
South Yorkshire
DN4 8QG





REGISTERED NUMBER: 01045125 (England and Wales)





ACCOUNTANTS: A Wigglesworth and Company Ltd
Chartered Accountants
Armstrong House
First Avenue
Finningley
Doncaster
South Yorkshire
DN9 3GA

MILLWOOD JOINERY LIMITED (REGISTERED NUMBER: 01045125)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,992 4,871

CURRENT ASSETS
Stocks 2,226 2,120
Debtors 5 77,186 90,442
Cash at bank and in hand 7,664 133
87,076 92,695
CREDITORS
Amounts falling due within one year 6 61,577 83,560
NET CURRENT ASSETS 25,499 9,135
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,491

14,006

CREDITORS
Amounts falling due after more than one
year

7

(32,499

)

(34,723

)

PROVISIONS FOR LIABILITIES (2,468 ) (2,233 )
NET ASSETS/(LIABILITIES) 3,524 (22,950 )

CAPITAL AND RESERVES
Called up share capital 51 24
Share premium 236 236
Capital redemption reserve (85,400 ) (85,400 )
Retained earnings 88,637 62,190
SHAREHOLDERS' FUNDS 3,524 (22,950 )

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.

MILLWOOD JOINERY LIMITED (REGISTERED NUMBER: 01045125)

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 28 May 2025 and were signed on its behalf by:





M E Goddard - Director


MILLWOOD JOINERY LIMITED (REGISTERED NUMBER: 01045125)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Millwood 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.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

MILLWOOD JOINERY LIMITED (REGISTERED NUMBER: 01045125)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2023 77,597 - 77,597
Additions - 12,495 12,495
At 31 August 2024 77,597 12,495 90,092
DEPRECIATION
At 1 September 2023 72,726 - 72,726
Charge for year 730 3,644 4,374
At 31 August 2024 73,456 3,644 77,100
NET BOOK VALUE
At 31 August 2024 4,141 8,851 12,992
At 31 August 2023 4,871 - 4,871

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 31,348 54,343
Directors' current accounts 34,789 35,816
Tax 11,049 -
Prepayments and accrued income - 283
77,186 90,442

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,556 5,556
Hire purchase contracts 3,331 -
Trade creditors 12,925 14,811
Tax 25,589 37,125
Social security and other taxes 440 546
VAT 10,496 22,324
Directors' current accounts 41 -
Accrued expenses 3,199 3,198
61,577 83,560

MILLWOOD JOINERY LIMITED (REGISTERED NUMBER: 01045125)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,556 5,556
Bank loans - 2-5 years 16,667 16,667
Bank loans more 5 yr by instal 6,945 12,500
Hire purchase contracts 3,331 -
32,499 34,723

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,945 12,500

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
M E Goddard
Balance outstanding at start of year 35,816 33,187
Amounts advanced 73,973 35,816
Amounts repaid (75,000 ) (33,187 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,789 35,816

Beneficial loan interest of £978 (2023 - £752) has been charged on the overdrawn director's loan account.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M E Goddard.

Mr Goddard owns 100% of the voting share capital of the company.