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REGISTERED NUMBER: 08247641 (England and Wales)












L N JOINERY (NW) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 OCTOBER 2024






L N JOINERY (NW) LIMITED (REGISTERED NUMBER: 08247641)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


L N JOINERY (NW) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 OCTOBER 2024







DIRECTOR: W L Norman





REGISTERED OFFICE: 64a Main Road
Galgate
Lancaster
LA2 0LB





REGISTERED NUMBER: 08247641 (England and Wales)





ACCOUNTANTS: Rushtons
Chartered Accountants
Avroe House
Avroe Crescent
Blackpool Business Park
Blackpool
Lancashire
FY4 2DP

L N JOINERY (NW) LIMITED (REGISTERED NUMBER: 08247641)

ABRIDGED BALANCE SHEET
30 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,041 47,458

CURRENT ASSETS
Debtors 641,911 727,483
Cash at bank 145,740 105,789
787,651 833,272
CREDITORS
Amounts falling due within one year 330,930 370,198
NET CURRENT ASSETS 456,721 463,074
TOTAL ASSETS LESS CURRENT
LIABILITIES

492,762

510,532

CREDITORS
Amounts falling due after more than
one year

(24,145

)

(44,720

)

PROVISIONS FOR LIABILITIES (9,010 ) (9,017 )
NET ASSETS 459,607 456,795

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 459,602 456,790
SHAREHOLDERS' FUNDS 459,607 456,795

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

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

L N JOINERY (NW) LIMITED (REGISTERED NUMBER: 08247641)

ABRIDGED BALANCE SHEET - continued
30 OCTOBER 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 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 July 2025 and were signed by:





W L Norman - Director


L N JOINERY (NW) LIMITED (REGISTERED NUMBER: 08247641)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2024

1. STATUTORY INFORMATION

L N Joinery (NW) 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

L N JOINERY (NW) LIMITED (REGISTERED NUMBER: 08247641)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 OCTOBER 2024

2. 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.

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 16 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 31 October 2023
and 30 October 2024 84,849
DEPRECIATION
At 31 October 2023 37,391
Charge for year 11,417
At 30 October 2024 48,808
NET BOOK VALUE
At 30 October 2024 36,041
At 30 October 2023 47,458

L N JOINERY (NW) LIMITED (REGISTERED NUMBER: 08247641)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 OCTOBER 2024

4. TANGIBLE FIXED ASSETS - continued

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

Totals
£   
COST
At 31 October 2023
and 30 October 2024 70,000
DEPRECIATION
At 31 October 2023 30,625
Charge for year 9,844
At 30 October 2024 40,469
NET BOOK VALUE
At 30 October 2024 29,531
At 30 October 2023 39,375

5. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 16,453 26,496
Hire purchase contracts 28,325 38,625
44,778 65,121

The bank borrowings are secured by way of a fixed and floating charge over all assets of the Company.

Hire purchase balances are secured against the asset that the hire purchase contract relates to.

6. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of LN Holdings (NW) Limited whose registered office is;

64a Main Road,
Galgate,
Lancaster,
United Kingdom.
LA2 0LB.