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REGISTERED NUMBER: 01269766 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Syston Cabinet Company Limited

Syston Cabinet Company Limited (Registered number: 01269766)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Syston Cabinet Company Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: R W Wade
J G Wade
Mrs W Wade
Mrs A Moir
M J Wade





SECRETARY: J G Wade





REGISTERED OFFICE: 1269 Melton Road
Syston
Leicestershire
LE7 7EN





REGISTERED NUMBER: 01269766 (England and Wales)





ACCOUNTANTS: Brockhurst Davies Limited
11 The Office Village
North Road
Loughborough
Leicestershire
LE11 1QJ

Syston Cabinet Company Limited (Registered number: 01269766)

Abridged Balance Sheet
30 September 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 344,999 335,120

CURRENT ASSETS
Stocks 11,113 11,845
Debtors 20,497 12,870
Cash at bank and in hand 155,244 108,129
186,854 132,844
CREDITORS
Amounts falling due within one year 153,935 110,149
NET CURRENT ASSETS 32,919 22,695
TOTAL ASSETS LESS CURRENT
LIABILITIES

377,918

357,815

CREDITORS
Amounts falling due after more than one year 5 (98,761 ) (122,746 )

PROVISIONS FOR LIABILITIES (35,829 ) (33,099 )
NET ASSETS 243,328 201,970

CAPITAL AND RESERVES
Called up share capital 55,000 55,000
Share premium 12,500 12,500
Retained earnings 175,828 134,470
SHAREHOLDERS' FUNDS 243,328 201,970

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Syston Cabinet Company Limited (Registered number: 01269766)

Abridged Balance Sheet - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 May 2025 and were signed on its behalf by:





M J Wade - Director


Syston Cabinet Company Limited (Registered number: 01269766)

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

1. STATUTORY INFORMATION

Syston Cabinet Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost and 25% on cost

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

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

Syston Cabinet Company Limited (Registered number: 01269766)

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

2. ACCOUNTING POLICIES - continued

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.

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 27 (2023 - 27 ) .

4. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 October 2023 519,191
Additions 45,055
At 30 September 2024 564,246
DEPRECIATION
At 1 October 2023 184,071
Charge for year 35,176
At 30 September 2024 219,247
NET BOOK VALUE
At 30 September 2024 344,999
At 30 September 2023 335,120

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2024 2023
£ £
Repayable by instalments
Other loans more 5yrs instal 37,232 93,334

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Other loans 79,831 88,432