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REGISTERED NUMBER: 01352917 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2025

for

Icklesham Joinery Limited

Icklesham Joinery Limited (Registered number: 01352917)






Contents of the Financial Statements
for the Year Ended 30 April 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Icklesham Joinery Limited

Company Information
for the Year Ended 30 April 2025







DIRECTORS: J S Horsman
Mrs D Horsman
R W Horsman
M J Horsman
Mrs H Y Horsman
Mrs C A Horsman





SECRETARY: Mrs F C Horsman





REGISTERED OFFICE: Main Road
Icklesham
East Sussex
TN36 4BA





REGISTERED NUMBER: 01352917 (England and Wales)





ACCOUNTANTS: Morannedd Limited
Chartered Certified Accountants
26 Parsonage Lane
Bishop's Stortford
Hertfordshire
CM23 5BG

Icklesham Joinery Limited (Registered number: 01352917)

Balance Sheet
30 April 2025

30.4.25 30.4.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 906,350 928,465

CURRENT ASSETS
Stocks 238,779 153,465
Debtors 5 222,810 132,117
Cash at bank and in hand 24,807 25,108
486,396 310,690
CREDITORS
Amounts falling due within one year 6 658,074 544,130
NET CURRENT LIABILITIES (171,678 ) (233,440 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

734,672

695,025

CREDITORS
Amounts falling due after more than one
year

7

(474,263

)

(506,665

)

PROVISIONS FOR LIABILITIES (35,700 ) (37,250 )
NET ASSETS 224,709 151,110

CAPITAL AND RESERVES
Called up share capital 160,525 160,525
Retained earnings 64,184 (9,415 )
SHAREHOLDERS' FUNDS 224,709 151,110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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.

Icklesham Joinery Limited (Registered number: 01352917)

Balance Sheet - continued
30 April 2025


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 June 2025 and were signed on its behalf by:





J S Horsman - Director


Icklesham Joinery Limited (Registered number: 01352917)

Notes to the Financial Statements
for the Year Ended 30 April 2025

1. STATUTORY INFORMATION

Icklesham 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - Straight line over 40 years
Plant and machinery etc - 20% on reducing balance and Straight line over 5 years

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Icklesham Joinery Limited (Registered number: 01352917)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

2. ACCOUNTING POLICIES - continued

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 30 (2024 - 30 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2024 833,457 845,933 1,679,390
Additions - 24,806 24,806
Disposals - (78,190 ) (78,190 )
At 30 April 2025 833,457 792,549 1,626,006
DEPRECIATION
At 1 May 2024 56,552 694,373 750,925
Charge for year 13,340 30,914 44,254
Eliminated on disposal - (75,523 ) (75,523 )
At 30 April 2025 69,892 649,764 719,656
NET BOOK VALUE
At 30 April 2025 763,565 142,785 906,350
At 30 April 2024 776,905 151,560 928,465

Included in cost of land and buildings is freehold land of £ 300,000 (2024 - £ 300,000 ) which is not depreciated.

Icklesham Joinery Limited (Registered number: 01352917)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2024 229,500
Transfer to ownership (186,000 )
At 30 April 2025 43,500
DEPRECIATION
At 1 May 2024 129,285
Charge for year 5,565
Transfer to ownership (113,625 )
At 30 April 2025 21,225
NET BOOK VALUE
At 30 April 2025 22,275
At 30 April 2024 100,215

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.25 30.4.24
£    £   
Trade debtors 208,940 125,871
Other debtors 13,870 6,246
222,810 132,117

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.25 30.4.24
£    £   
Bank loans and overdrafts 183,790 115,466
Hire purchase contracts 7,830 37,590
Payments on account 77,438 74,833
Trade creditors 188,214 138,032
Taxation and social security 79,594 64,571
Other creditors 121,208 113,638
658,074 544,130

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.25 30.4.24
£    £   
Bank loans 386,433 411,005
Hire purchase contracts 7,830 15,660
Other creditors 80,000 80,000
474,263 506,665

Icklesham Joinery Limited (Registered number: 01352917)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.4.25 30.4.24
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 329,073 353,970

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.25 30.4.24
£    £   
Bank overdrafts 159,943 63,800
Bank loans 410,280 462,671
Hire purchase contracts 15,660 53,250
585,883 579,721

The bank loans and overdraft are secured by a legal charge on the freehold property occupied by the company and a charge over the book debts of the company.

Obligations under hire purchase contracts are secured on the assets concerned.