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REGISTERED NUMBER: 01103584 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

NOTTAGE JOINERY LIMITED

NOTTAGE JOINERY LIMITED (REGISTERED NUMBER: 01103584)

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


NOTTAGE JOINERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mr S J Fry
Mr L S Evans





SECRETARY: Mrs E Fry





REGISTERED OFFICE: Court House
Court Road
Bridgend
CF31 1BE





REGISTERED NUMBER: 01103584 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales and West Limited
Court House
Court Road
Bridgend
CF31 1BE

NOTTAGE JOINERY LIMITED (REGISTERED NUMBER: 01103584)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 445,761 488,605

CURRENT ASSETS
Stocks 80,164 78,423
Debtors 5 82,562 56,115
Cash and cash equivalents 349,445 450,230
512,171 584,768
CREDITORS
Amounts falling due within one year 6 377,552 495,465
NET CURRENT ASSETS 134,619 89,303
TOTAL ASSETS LESS CURRENT
LIABILITIES

580,380

577,908

PROVISIONS FOR LIABILITIES 7 38,232 59,382
NET ASSETS 542,148 518,526

CAPITAL AND RESERVES
Called up share capital 8 5,000 5,000
Revaluation reserve 9 49,206 50,276
Retained earnings 9 487,942 463,250
SHAREHOLDERS' FUNDS 542,148 518,526

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 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.

NOTTAGE JOINERY LIMITED (REGISTERED NUMBER: 01103584)

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 Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:





Mr S J Fry - Director


NOTTAGE JOINERY LIMITED (REGISTERED NUMBER: 01103584)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Nottage 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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.
Freehold property - 2% on cost
Plant and machinery - 15% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

NOTTAGE JOINERY LIMITED (REGISTERED NUMBER: 01103584)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 an auto-enrolment pension scheme. Contributions payable to the company's pension scheme are charged to the profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 November 2023 337,174 343,211 311,705 992,090
Additions - 36,459 51,175 87,634
Disposals - - (82,000 ) (82,000 )
At 31 October 2024 337,174 379,670 280,880 997,724
DEPRECIATION
At 1 November 2023 86,096 281,400 135,989 503,485
Charge for year 6,540 18,846 57,092 82,478
Eliminated on disposal - - (34,000 ) (34,000 )
At 31 October 2024 92,636 300,246 159,081 551,963
NET BOOK VALUE
At 31 October 2024 244,538 79,424 121,799 445,761
At 31 October 2023 251,078 61,811 175,716 488,605

Cost or valuation at 31 October 2024 is represented by:

Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Valuation in 1992 53,486 - - 53,486
Cost 283,688 379,670 280,880 944,238
337,174 379,670 280,880 997,724

NOTTAGE JOINERY LIMITED (REGISTERED NUMBER: 01103584)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 32,093 2,196
Amounts recoverable on contract - 52,916
Other debtors 15,800 -
Directors current account 34,669 1,003
82,562 56,115

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 258,424 335,956
Tax 43,698 38,806
PAYE control account 11,836 10,979
VAT 43,033 44,056
Other creditors 9,749 15,732
Accruals and deferred income 10,812 49,936
377,552 495,465

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 38,232 59,382

Deferred
tax
£   
Balance at 1 November 2023 59,382
Utilised during year (21,150 )
Balance at 31 October 2024 38,232

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,000 Ordinary £1 5,000 5,000

NOTTAGE JOINERY LIMITED (REGISTERED NUMBER: 01103584)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 November 2023 463,250 50,276 513,526
Profit for the year 58,622 - 58,622
Dividends (35,000 ) - (35,000 )
Revalued assets dep'n transfer 1,070 (1,070 ) -
At 31 October 2024 487,942 49,206 537,148

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
Mr S J Fry
Balance outstanding at start of year 1,003 -
Amounts advanced 68,666 1,003
Amounts repaid (35,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,669 1,003

Amounts due from/to the directors are repayable on demand. Interest is charged at the official rate.

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £35,000 were paid to the directors .

During the year a loan of £17,000 was made to an employee of the company and mother to the director. The loan is unsecured, interest-free and is repaid monthly via payroll