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Company Registration No. 8429459 (England and Wales)
Driftwood Joinery (North East) Limited Unaudited accounts for the year ended 31 March 2025
Driftwood Joinery (North East) Limited Unaudited accounts Contents
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Driftwood Joinery (North East) Limited Company Information for the year ended 31 March 2025
Director
D M Clifford
Company Number
8429459 (England and Wales)
Registered Office
2 Manor Close Low Worsall Yarm TS15 9QE
Accountants
Tarrens Accountants Limited 11 Wheatsheaf Close Ripon HG4 2SH
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Driftwood Joinery (North East) Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,575 
20,762 
Current assets
Debtors
17,585 
2,908 
Cash at bank and in hand
950 
5,807 
18,535 
8,715 
Creditors: amounts falling due within one year
(9,864)
(6,286)
Net current assets
8,671 
2,429 
Total assets less current liabilities
25,246 
23,191 
Creditors: amounts falling due after more than one year
(10,730)
(19,536)
Net assets
14,516 
3,655 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
14,416 
3,555 
Shareholders' funds
14,516 
3,655 
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 August 2025 and were signed on its behalf by
D M Clifford Director Company Registration No. 8429459
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Driftwood Joinery (North East) Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Driftwood Joinery (North East) Limited is a private company, limited by shares, registered in England and Wales, registration number 8429459. The registered office is 2 Manor Close , Low Worsall, Yarm, TS15 9QE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2013, is being amortised evenly over its useful life of ten years.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Driftwood Joinery (North East) Limited Notes to the Accounts for the year ended 31 March 2025
4
Intangible fixed assets
Total 
£ 
Cost
At 1 April 2024
10,000 
At 31 March 2025
10,000 
Amortisation
At 1 April 2024
10,000 
At 31 March 2025
10,000 
Net book value
At 31 March 2025
- 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2024
39,557 
Additions
723 
At 31 March 2025
40,280 
Depreciation
At 1 April 2024
18,795 
Charge for the year
4,910 
At 31 March 2025
23,705 
Net book value
At 31 March 2025
16,575 
At 31 March 2024
20,762 
6
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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