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REGISTERED NUMBER: 13994502 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

R & E FALKINGHAM JOINERY LIMITED

R & E FALKINGHAM JOINERY LIMITED (REGISTERED NUMBER: 13994502)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R & E FALKINGHAM JOINERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Edward James Falkingham
Richard Charles Falkingham





REGISTERED OFFICE: Village Farm
Main Street, Kelfield
York
YO19 6RG





REGISTERED NUMBER: 13994502 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
First Floor, Unit 12
Pennine Business Park
Longbow Close, Bradley
Huddersfield
West Yorkshire
HD2 1GQ

R & E FALKINGHAM JOINERY LIMITED (REGISTERED NUMBER: 13994502)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 210,053 262,259

CURRENT ASSETS
Stocks 62,172 70,043
Debtors 5 81,049 46,098
Cash at bank 150,679 7,338
293,900 123,479
CREDITORS
Amounts falling due within one year 6 287,548 356,223
NET CURRENT ASSETS/(LIABILITIES) 6,352 (232,744 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,405

29,515

CREDITORS
Amounts falling due after more than
one year

7

(619

)

(16,221

)

PROVISIONS FOR LIABILITIES (52,514 ) (51,717 )
NET ASSETS/(LIABILITIES) 163,272 (38,423 )

CAPITAL AND RESERVES
Called up share capital 102 102
Profit and loss account 163,170 (38,525 )
163,272 (38,423 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

R & E FALKINGHAM JOINERY LIMITED (REGISTERED NUMBER: 13994502)

BALANCE SHEET - continued
31 MARCH 2025


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2025 and were signed on its behalf by:




Edward James Falkingham - Director



Richard Charles Falkingham - Director


R & E FALKINGHAM JOINERY LIMITED (REGISTERED NUMBER: 13994502)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

R & E Falkingham 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. 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.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 Profit and Loss Account, 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.

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.

R & E FALKINGHAM JOINERY LIMITED (REGISTERED NUMBER: 13994502)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

Income recognition
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Hire purchase and leasing commitments
Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future charges, are included in creditors.

Finance costs of debt
The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2024 510,673 50,265 51,473 612,411
Additions 584 - 18,194 18,778
Disposals - - (30,395 ) (30,395 )
At 31 March 2025 511,257 50,265 39,272 600,794
DEPRECIATION
At 1 April 2024 295,327 31,600 23,225 350,152
Charge for year 43,590 4,666 9,584 57,840
Eliminated on disposal - - (17,251 ) (17,251 )
At 31 March 2025 338,917 36,266 15,558 390,741
NET BOOK VALUE
At 31 March 2025 172,340 13,999 23,714 210,053
At 31 March 2024 215,346 18,665 28,248 262,259

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 77,153 32,201
Other debtors 3,896 13,897
81,049 46,098

R & E FALKINGHAM JOINERY LIMITED (REGISTERED NUMBER: 13994502)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 4,279 7,831
Trade creditors 31,479 32,987
Amounts owed to group undertakings 144,908 262,954
Taxation and social security 101,291 45,138
Other creditors 5,591 7,313
287,548 356,223

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 619 16,221

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 4,898 24,052

The obligations under finance leases and hire purchase contracts are secured by a charge on the assets purchased under these agreements.

9. RELATED PARTY DISCLOSURES

Mr Edward Falkingham and Mr Richard Falkingham have control over a majority of shares in the company through their controlling shareholding in R & E Falkingham Limited, and together with their involvement in its day-to-day management, are deemed to be the controlling party for the purposes of Financial Reporting Standard No. 102.

Included in creditors is a related party loan amounting to £144,908 (2024: £262,954).

10. PENSION COSTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £3,854 (2024: £5,191). Contributions totalling £865 (2024: £513) were payable to the fund at the year end and are included in creditors.