Registered number
10969719
Crickhowell Joinery Limited
Unaudited Filleted Accounts
30 November 2024
Crickhowell Joinery Limited
Registered number: 10969719
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 345,150 319,407
Current assets
Stocks 6,401 4,148
Debtors 4 4,324 11,478
Cash at bank and in hand 76,983 61,992
87,708 77,618
Creditors: amounts falling due within one year 5 (79,221) (61,952)
Net current assets 8,487 15,666
Total assets less current liabilities 353,637 335,073
Creditors: amounts falling due after more than one year 6 (292,788) (302,535)
Provisions for liabilities (5,997) (8,000)
Net assets 54,852 24,538
Capital and reserves
Called up share capital 95 95
Profit and loss account 54,757 24,443
Shareholders' funds 54,852 24,538
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kate Pursey
Director
Approved by the board on 12 August 2025
Crickhowell Joinery Limited
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings The residual value of the buildings is considered to be higher than the carrying value therefore £Nil depreciation
Motor vehicles 25% reducing balance
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 6
3 Tangible fixed assets
Freehold Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2023 277,299 83,812 40,000 401,111
Additions 14,929 6,059 20,000 40,988
At 30 November 2024 292,228 89,871 60,000 442,099
Depreciation
At 1 December 2023 - 53,945 27,759 81,704
Charge for the year - 7,185 8,060 15,245
At 30 November 2024 - 61,130 35,819 96,949
Net book value
At 30 November 2024 292,228 28,741 24,181 345,150
At 30 November 2023 277,299 29,867 12,241 319,407
4 Debtors 2024 2023
£ £
Trade debtors 4,202 11,478
Other debtors 122 -
4,324 11,478
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 9,746 12,589
Trade creditors 8,813 1,225
Taxation and social security costs 13,982 12,215
Income in Advance 25,488 18,327
Other creditors 21,192 17,596
79,221 61,952
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 1,347 11,094
Director's account after 1 yr 291,441 291,441
292,788 302,535
7 Related party transactions
P&P Pest Control Ltd
P&P Pest Control Ltd became an associated company of Crickhowell Joinery Ltd during the year ending 30th November 2024. All transactions with P&P Pest Control Ltd during the year have been made at open market value rates.
8 Transactions with Directors
During the year, Mr Philip Pritchard used a current account with the company to record amounts due to him and amounts drawn by him. The account showed an amount of £140,700.00 due to Mr Philip Pritchard as at 30th November 2024 (30/11/23: £140,700.00). The amount is repayable on demand and does not carry interest, however Philip Pritchard does not expect this balance to be repaid within 12 months of the yearend.

During the year, Mrs Debra Pritchard used a current account with the company to record amounts due to her and amounts drawn by her. The account showed an amount of £150,741.23 due to Mrs Debra Pritchard as at 30th November 2024 (30/11/23: £150,741.23). The amount is repayable on demand and does not carry interest, however Debra Pritchard does not expect this balance to be repaid within 12 months of the yearend.

During the year, Ms Kate Pursey used a current account with the company to record amounts due to her and amounts drawn by her. The account showed an amount of £10,205 due to Ms Kate Pritchard as at 30th November 2024 (30/11/23: £7,925.00). The amount is repayable on demand.

During the year, Ms Rebecca Davies used a current account with the company to record amounts due to her and amounts drawn by her. The account showed an amount of £6,466 due to Ms Rebecca Pritchard as at 30th November 2024 (30/11/23: £5,800.00). The amount is repayable on demand.

During the year, Mrs Rachel Thomas used a current account with the company to record amounts due to her and amounts drawn by her. The account showed an amount of £1,020.00 due to Mrs Rachel Thomas as at 30th November 2024 (30/11/23: £720.00). The amount is repayable on demand and does not carry interest.
7 Other information
Crickhowell Joinery Limited is a private company limited by shares and incorporated in England. Its registered office is:
Timbercraft Park
Llangattock
Crickhowell
Powys
NP8 1HW
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