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REGISTERED NUMBER: 02860890 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

FERNDALE JOINERY LIMITED

FERNDALE JOINERY LIMITED (REGISTERED NUMBER: 02860890)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FERNDALE JOINERY LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2024







DIRECTOR: Mr R J Hardman





SECRETARY: Mrs J L Hardman





REGISTERED OFFICE: Princess Street
Lees
Oldham
Lancashire
OL4 5AL





REGISTERED NUMBER: 02860890 (England and Wales)





ACCOUNTANTS: Moss and Williamson Limited
Chartered Accountants
11 Stamford Street
Stalybridge
Cheshire
SK15 1JP

FERNDALE JOINERY LIMITED (REGISTERED NUMBER: 02860890)

BALANCE SHEET
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 22,195 28,275

CURRENT ASSETS
Stocks 7,300 7,300
Debtors 6 168,598 152,623
Cash at bank and in hand 136,283 91,012
312,181 250,935
CREDITORS
Amounts falling due within one year 7 151,725 127,280
NET CURRENT ASSETS 160,456 123,655
TOTAL ASSETS LESS CURRENT
LIABILITIES

182,651

151,930

CREDITORS
Amounts falling due after more than one
year

8

(9,358

)

(22,883

)

PROVISIONS FOR LIABILITIES (1,613 ) (2,602 )
NET ASSETS 171,680 126,445

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 171,580 126,345
SHAREHOLDERS' FUNDS 171,680 126,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FERNDALE JOINERY LIMITED (REGISTERED NUMBER: 02860890)

BALANCE SHEET - continued
31 October 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 director and authorised for issue on 26 June 2025 and were signed by:





Mr R J Hardman - Director


FERNDALE JOINERY LIMITED (REGISTERED NUMBER: 02860890)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Ferndale 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

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.

FERNDALE JOINERY LIMITED (REGISTERED NUMBER: 02860890)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

3. ACCOUNTING POLICIES - continued

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 76,836 1,405 32,927 19,974 131,142
Additions - - - 1,299 1,299
At 31 October 2024 76,836 1,405 32,927 21,273 132,441
DEPRECIATION
At 1 November 2023 63,814 1,267 19,002 18,784 102,867
Charge for year 3,255 21 3,481 622 7,379
At 31 October 2024 67,069 1,288 22,483 19,406 110,246
NET BOOK VALUE
At 31 October 2024 9,767 117 10,444 1,867 22,195
At 31 October 2023 13,022 138 13,925 1,190 28,275

FERNDALE JOINERY LIMITED (REGISTERED NUMBER: 02860890)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2023
and 31 October 2024 14,250
DEPRECIATION
At 1 November 2023 6,234
Charge for year 2,004
At 31 October 2024 8,238
NET BOOK VALUE
At 31 October 2024 6,012
At 31 October 2023 8,016

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 163,870 149,556
Other debtors 4,728 3,067
168,598 152,623

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 3,525 3,525
Trade creditors 76,825 80,791
Taxation and social security 51,271 18,867
Other creditors 10,104 14,097
151,725 127,280

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 5,833 15,833
Hire purchase contracts 3,525 7,050
9,358 22,883

FERNDALE JOINERY LIMITED (REGISTERED NUMBER: 02860890)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Hire purchase contracts 7,050 10,575

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £23,200 (2023 - £37,200) were paid to the director .

Also during the financial year the company rented property from the director ( Mr R J Hardman ) at a cost of £30,000 ( 2023: £30,000 ). All transactions were undertaken on a normal commercial basis.

11. ULTIMATE CONTROLLING PARTY

CONTROL

Control of the company is exercised by Mr R J Hardman who holds 80% of the issued ordinary share capital.