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Company Registration No. 14404889 (England and Wales)
The Jointworks Ltd Unaudited accounts for the year ended 31 October 2024
The Jointworks Ltd Unaudited accounts Contents
Page
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The Jointworks Ltd Company Information for the year ended 31 October 2024
Director
Andrew John Hartwell
Company Number
14404889 (England and Wales)
Registered Office
The Jointworks 45 Frederick Street Birmingham B1 3HN
Accountants
R M Accountancy Services Ltd The Old Post Office 137-139 Long Street Dordon Staffordshire B78 1SH
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The Jointworks Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
6,634 
- 
Tangible assets
1,570 
- 
8,204 
- 
Current assets
Debtors
63,504 
3,792 
Cash at bank and in hand
26,667 
201 
90,171 
3,993 
Creditors: amounts falling due within one year
(60,014)
(9,135)
Net current assets/(liabilities)
30,157 
(5,142)
Total assets less current liabilities
38,361 
(5,142)
Creditors: amounts falling due after more than one year
(91,500)
- 
Net liabilities
(53,139)
(5,142)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(53,239)
(5,242)
Shareholders' funds
(53,139)
(5,142)
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 15 May 2025 and were signed on its behalf by
Andrew John Hartwell Director Company Registration No. 14404889
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The Jointworks Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
The Jointworks Ltd is a private company, limited by shares, registered in England and Wales, registration number 14404889. The registered office is The Jointworks, 45 Frederick Street, Birmingham, B1 3HN.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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
25% straight line
Going concern
The financial statements have been prepared on a going concern basis. At the balance sheet date, the company had net liabilities of £53,139. However, the director has received confirmation of continued financial support from a related party, Substrakt Limited, which has provided funding of £73,251, including £50,750 repayable after more than one year. Based on this support and expected future trading performance, the director believes it is appropriate to prepare the financial statements on a going concern basis.
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The Jointworks Ltd Notes to the Accounts for the year ended 31 October 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2023
- 
Additions
8,293 
At 31 October 2024
8,293 
Amortisation
At 1 November 2023
- 
Charge for the year
1,659 
At 31 October 2024
1,659 
Net book value
At 31 October 2024
6,634 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2023
- 
Additions
2,094 
At 31 October 2024
2,094 
Depreciation
Charge for the year
524 
At 31 October 2024
524 
Net book value
At 31 October 2024
1,570 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
15,155 
1,200 
Trade debtors
6,682 
2,592 
Accrued income and prepayments
16,667 
- 
Other debtors
25,000 
- 
63,504 
3,792 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
36,500 
1,245 
Other creditors
22,501 
10,000 
Loans from directors
(5,190)
(2,110)
Accruals
6,203 
- 
60,014 
9,135 
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The Jointworks Ltd Notes to the Accounts for the year ended 31 October 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
91,500 
- 
9
Transactions with related parties
During the year, the company received additional loans of £12,501 from Substrakt Limited, a company under common control through the director and sole shareholder, Andrew Hartwell. This increased the short-term balance from £10,000 in the prior year to £22,501 at the balance sheet date. The loan is unsecured, interest-free, and repayable on demand. The company also received a new long-term loan of £50,000 from Substrakt Limited during the year. Interest of £750 accrued on this loan in the year, bringing the balance to £50,750 at the balance sheet date. The loan is unsecured and repayable after more than one year. At the balance sheet date, the total amount owed to Substrakt Limited was £73,251 (2023: £10,000), of which: £22,501 is repayable within one year, and £50,750 is repayable after more than one year. No guarantees were given or received in respect of these balances.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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