Registered number
09775715
N-Spire Joinery Limited
Unaudited Filleted Accounts
28 March 2025
N-Spire Joinery Limited
Registered number: 09775715
Balance Sheet
as at 28 March 2025
Notes 2025 2023
£ £
Fixed assets
Intangible assets 3 - 4,000
Tangible assets 4 - 3,883
- 7,883
Current assets
Stocks - 250
Cash at bank and in hand 5 3,165
5 3,415
Creditors: amounts falling due within one year 5 (6,748) (6,318)
Net current liabilities (6,743) (2,903)
Total assets less current liabilities (6,743) 4,980
Creditors: amounts falling due after more than one year 6 - (4,033)
Provisions for liabilities (738) (738)
Net (liabilities)/assets (7,481) 209
Capital and reserves
Called up share capital 21 21
Profit and loss account (7,502) 188
Shareholders' funds (7,481) 209
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Henry
Director
Approved by the board on 9 June 2025
N-Spire Joinery Limited
Notes to the Accounts
for the period from 29 September 2023 to 28 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 20% on written down value
Fixtures, fittings, tools and equipment 20% on written down value
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 29 September 2023 10,000
Disposals (10,000)
At 28 March 2025 -
Amortisation
At 29 September 2023 6,000
On disposals (6,000)
At 28 March 2025 -
Net book value
At 28 March 2025 -
At 28 September 2023 4,000
4 Tangible fixed assets
Tools & equipment Motor vehicles Total
£ £ £
Cost
At 29 September 2023 1,200 8,990 10,190
Disposals (1,200) (8,990) (10,190)
At 28 March 2025 - - -
Depreciation
At 29 September 2023 999 5,308 6,307
On disposals (999) (5,308) (6,307)
At 28 March 2025 - - -
Net book value
At 28 March 2025 - - -
At 28 September 2023 201 3,682 3,883
5 Creditors: amounts falling due within one year 2025 2023
£ £
Bank loans and overdrafts - 2,200
Taxation and social security costs - 1,511
Other creditors 6,748 2,607
6,748 6,318
6 Creditors: amounts falling due after one year 2025 2023
£ £
Bank loans - 4,033
7 Related party transactions
Mr M Henry and Ms J McMaster control the company by virtue of their shareholdings. Mr Henry has introduced funds to the company as a non-interest paying loan. Regular withdrawals were made and at 28 March 2025 the company owed Mr Henry £6329 (2023:£1849).
8 Other information
N-Spire Joinery Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Poppy Meadow
Clayton Le Woods
Chorley
Lancs
PR6 7FT
N-Spire Joinery Limited 09775715 false 2023-09-29 2025-03-28 2025-03-28 VT Final Accounts April 2025 Mr M Henry No description of principal activity 09775715 2022-09-29 2023-09-28 09775715 core:WithinOneYear 2023-09-28 09775715 core:AfterOneYear 2023-09-28 09775715 core:ShareCapital 2023-09-28 09775715 core:RetainedEarningsAccumulatedLosses 2023-09-28 09775715 2023-09-29 2025-03-28 09775715 bus:PrivateLimitedCompanyLtd 2023-09-29 2025-03-28 09775715 bus:AuditExemptWithAccountantsReport 2023-09-29 2025-03-28 09775715 bus:Director40 2023-09-29 2025-03-28 09775715 1 2023-09-29 2025-03-28 09775715 2 2023-09-29 2025-03-28 09775715 core:Goodwill 2023-09-29 2025-03-28 09775715 core:PlantMachinery 2023-09-29 2025-03-28 09775715 core:Vehicles 2023-09-29 2025-03-28 09775715 countries:England 2023-09-29 2025-03-28 09775715 bus:FRS102 2023-09-29 2025-03-28 09775715 bus:FilletedAccounts 2023-09-29 2025-03-28 09775715 2025-03-28 09775715 core:WithinOneYear 2025-03-28 09775715 core:AfterOneYear 2025-03-28 09775715 core:ShareCapital 2025-03-28 09775715 core:RetainedEarningsAccumulatedLosses 2025-03-28 09775715 core:Goodwill 2025-03-28 09775715 core:PlantMachinery 2025-03-28 09775715 core:Vehicles 2025-03-28 09775715 2023-09-28 09775715 core:Goodwill 2023-09-28 09775715 core:PlantMachinery 2023-09-28 09775715 core:Vehicles 2023-09-28 iso4217:GBP xbrli:pure