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REGISTERED NUMBER: 01085039 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

HIGH QUALITY JOINERY LIMITED

HIGH QUALITY JOINERY LIMITED (REGISTERED NUMBER: 01085039)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HIGH QUALITY JOINERY LIMITED

COMPANY INFORMATION
for the year ended 30 November 2024







DIRECTOR: Mr P R Lingwood





REGISTERED OFFICE: Lynchford Lane
Farnborough
Hampshire
GU14 6JD





REGISTERED NUMBER: 01085039 (England and Wales)





ACCOUNTANTS: Durrants - Calleva
Accountants and Tax Advisors
4 Comet House
Calleva Park
Aldermaston
Berkshire
RG7 8JA

HIGH QUALITY JOINERY LIMITED (REGISTERED NUMBER: 01085039)

BALANCE SHEET
30 November 2024

30/11/24 30/11/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 414,753 426,602

CURRENT ASSETS
Stocks 63,766 166,748
Debtors 5 71,211 68,930
Cash at bank and in hand 155,772 73,039
290,749 308,717
CREDITORS
Amounts falling due within one year 6 321,383 318,379
NET CURRENT LIABILITIES (30,634 ) (9,662 )
TOTAL ASSETS LESS CURRENT LIABILITIES 384,119 416,940

CREDITORS
Amounts falling due after more than one
year

7

16,425

26,482
NET ASSETS 367,694 390,458

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 367,594 390,358
367,694 390,458

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

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

HIGH QUALITY JOINERY LIMITED (REGISTERED NUMBER: 01085039)

BALANCE SHEET - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 August 2025 and were signed by:





Mr P R Lingwood - Director


HIGH QUALITY JOINERY LIMITED (REGISTERED NUMBER: 01085039)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2024

1. STATUTORY INFORMATION

High Quality 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.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance and 15% 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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 26 ) .

HIGH QUALITY JOINERY LIMITED (REGISTERED NUMBER: 01085039)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2023 307,344 412,122 719,466
Additions - 22,495 22,495
Disposals - (38,800 ) (38,800 )
At 30 November 2024 307,344 395,817 703,161
DEPRECIATION
At 1 December 2023 - 292,864 292,864
Charge for year - 30,215 30,215
Eliminated on disposal - (34,671 ) (34,671 )
At 30 November 2024 - 288,408 288,408
NET BOOK VALUE
At 30 November 2024 307,344 107,409 414,753
At 30 November 2023 307,344 119,258 426,602

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Trade debtors 67,962 55,452
Other debtors 3,249 13,478
71,211 68,930

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Trade creditors 141,946 136,277
Taxation and social security 82,685 66,381
Other creditors 96,752 115,721
321,383 318,379

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/11/24 30/11/23
£    £   
Bank loans 16,425 26,482