IRIS Accounts Production v25.2.0.378 08302203 Board of Directors Board of Directors 1.12.23 30.11.24 30.11.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh083022032023-11-30083022032024-11-30083022032023-12-012024-11-30083022032022-11-30083022032022-12-012023-11-30083022032023-11-3008302203ns15:EnglandWales2023-12-012024-11-3008302203ns14:PoundSterling2023-12-012024-11-3008302203ns10:Director12023-12-012024-11-3008302203ns10:Director22023-12-012024-11-3008302203ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3008302203ns10:SmallEntities2023-12-012024-11-3008302203ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3008302203ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3008302203ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3008302203ns10:FullAccounts2023-12-012024-11-300830220312023-12-012024-11-3008302203ns10:Director32023-12-012024-11-3008302203ns10:RegisteredOffice2023-12-012024-11-3008302203ns5:CurrentFinancialInstruments2024-11-3008302203ns5:CurrentFinancialInstruments2023-11-3008302203ns5:Non-currentFinancialInstruments2024-11-3008302203ns5:Non-currentFinancialInstruments2023-11-3008302203ns5:ShareCapital2024-11-3008302203ns5:ShareCapital2023-11-3008302203ns5:RetainedEarningsAccumulatedLosses2024-11-3008302203ns5:RetainedEarningsAccumulatedLosses2023-11-3008302203ns5:IntangibleAssetsOtherThanGoodwill2023-12-012024-11-3008302203ns5:ComputerSoftware2023-12-012024-11-3008302203ns5:PlantMachinery2023-12-012024-11-3008302203ns5:FurnitureFittings2023-12-012024-11-3008302203ns5:MotorVehicles2023-12-012024-11-3008302203ns5:IntangibleAssetsOtherThanGoodwill2023-11-3008302203ns5:IntangibleAssetsOtherThanGoodwill2024-11-3008302203ns5:IntangibleAssetsOtherThanGoodwill2023-11-3008302203ns5:LandBuildings2023-11-3008302203ns5:PlantMachinery2023-11-3008302203ns5:FurnitureFittings2023-11-3008302203ns5:MotorVehicles2023-11-3008302203ns5:LandBuildings2023-12-012024-11-3008302203ns5:LandBuildings2024-11-3008302203ns5:PlantMachinery2024-11-3008302203ns5:FurnitureFittings2024-11-3008302203ns5:MotorVehicles2024-11-3008302203ns5:LandBuildings2023-11-3008302203ns5:PlantMachinery2023-11-3008302203ns5:FurnitureFittings2023-11-3008302203ns5:MotorVehicles2023-11-3008302203ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3008302203ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3008302203ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-11-3008302203ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-11-3008302203ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-11-3008302203ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-11-3008302203ns5:DeferredTaxation2023-11-3008302203ns5:DeferredTaxation2023-12-012024-11-3008302203ns5:DeferredTaxation2024-11-30
REGISTERED NUMBER: 08302203 (England and Wales)











Financial Statements

for the Year Ended 30 November 2024

for

PENRITH JOINERY CONTRACTORS LIMITED

PENRITH JOINERY CONTRACTORS LIMITED (REGISTERED NUMBER: 08302203)






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


PENRITH JOINERY CONTRACTORS LIMITED

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr M Kirkland
Mr T White
Mrs R White





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 08302203 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

PENRITH JOINERY CONTRACTORS LIMITED (REGISTERED NUMBER: 08302203)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,997 5,271
Tangible assets 5 119,576 133,688
130,573 138,959

CURRENT ASSETS
Stocks 6 215,950 201,007
Debtors 7 278,419 127,743
Cash at bank 44,663 153,952
539,032 482,702
CREDITORS
Amounts falling due within one year 8 230,977 242,375
NET CURRENT ASSETS 308,055 240,327
TOTAL ASSETS LESS CURRENT
LIABILITIES

438,628

379,286

CREDITORS
Amounts falling due after more than one year 9 (351,571 ) (231,077 )

PROVISIONS FOR LIABILITIES 11 (10,584 ) (8,146 )
NET ASSETS 76,473 140,063

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 76,273 139,863
76,473 140,063

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 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.

PENRITH JOINERY CONTRACTORS LIMITED (REGISTERED NUMBER: 08302203)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2025 and were signed on its behalf by:




Mr T White - Director



Mr M Kirkland - Director


PENRITH JOINERY CONTRACTORS LIMITED (REGISTERED NUMBER: 08302203)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Penrith Joinery Contractors 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


PENRITH JOINERY CONTRACTORS LIMITED (REGISTERED NUMBER: 08302203)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued
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.

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 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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2023 5,857
Additions 7,013
At 30 November 2024 12,870
AMORTISATION
At 1 December 2023 586
Charge for year 1,287
At 30 November 2024 1,873
NET BOOK VALUE
At 30 November 2024 10,997
At 30 November 2023 5,271

PENRITH JOINERY CONTRACTORS LIMITED (REGISTERED NUMBER: 08302203)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 December 2023
and 30 November 2024 77,240 42,643 10,148 95,831 225,862
DEPRECIATION
At 1 December 2023 - 26,820 7,440 57,914 92,174
Charge for year - 3,956 677 9,479 14,112
At 30 November 2024 - 30,776 8,117 67,393 106,286
NET BOOK VALUE
At 30 November 2024 77,240 11,867 2,031 28,438 119,576
At 30 November 2023 77,240 15,823 2,708 37,917 133,688

6. STOCKS
30.11.24 30.11.23
£    £   
Stocks 97,375 114,102
Work-in-progress 118,575 86,905
215,950 201,007

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 158,120 108,654
Amounts owed by group undertakings 115,840 -
Directors' current accounts - 13,003
Prepayments and accrued income 4,459 6,086
278,419 127,743

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts (see note 10) 64,474 51,250
Trade creditors 32,038 52,354
Tax 9,610 20,217
Social security and other taxes (10,869 ) (10,590 )
Net wages 7,723 7,236
VAT 55,175 73,502
Other creditors - 544
Directors' current accounts 65,621 40,657
Accruals and deferred income 7,205 7,205
230,977 242,375

PENRITH JOINERY CONTRACTORS LIMITED (REGISTERED NUMBER: 08302203)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans (see note 10) 351,571 231,077

10. LOANS

An analysis of the maturity of loans is given below:

30.11.24 30.11.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 64,474 51,250

Amounts falling due between one and two years:
Bank loans - 1-2 years 74,239 231,077

Amounts falling due between two and five years:
Bank loans - 2-5 years 277,332 -

11. PROVISIONS FOR LIABILITIES
30.11.24 30.11.23
£    £   
Deferred tax 10,584 8,146

Deferred
tax
£   
Balance at 1 December 2023 8,146
Provided during year 2,438
Balance at 30 November 2024 10,584

12. RELATED PARTY DISCLOSURES

As at the balance sheet date included within creditors is £65,621 (2023: 27,654) due and payable by the directors. This amount is interest free and repayable upon demand.

At balance sheet date, an amount £115,840 was owed by Lakes Retreats Ltd, a company related by virtue of the fact that they are under common control.