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Company Registration No. SC395329 (Scotland)
Classic Joinery Products Limited Unaudited accounts for the year ended 31 March 2025
Classic Joinery Products Limited Unaudited accounts Contents
Page
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Classic Joinery Products Limited Company Information for the year ended 31 March 2025
Directors
Morag Makarewicz Stephen Makarewicz
Company Number
SC395329 (Scotland)
Registered Office
Unit G The Roundel Falkirk FK2 9HG
Accountants
Armet Accounting Ltd Room 31 Haypark Business Centre Polmont FK2 0NZ
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Classic Joinery Products Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,311 
11,277 
Current assets
Inventories
4,325 
12,250 
Debtors
10,403 
20,476 
Cash at bank and in hand
75,001 
87,799 
89,729 
120,525 
Creditors: amounts falling due within one year
(27,199)
(36,460)
Net current assets
62,530 
84,065 
Total assets less current liabilities
70,841 
95,342 
Provisions for liabilities
Deferred tax
(4,396)
(2,987)
Net assets
66,445 
92,355 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
66,443 
92,353 
Shareholders' funds
66,445 
92,355 
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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by
Morag Makarewicz Director Company Registration No. SC395329
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Classic Joinery Products Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Classic Joinery Products Limited is a private company, limited by shares, registered in Scotland, registration number SC395329. The registered office is Unit G, The Roundel, Falkirk, FK2 9HG.
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.
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
20% Straight Line
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Straight Line
Computer equipment
33% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.
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Classic Joinery Products Limited Notes to the Accounts for the year ended 31 March 2025
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2024
41,650 
At 31 March 2025
41,650 
Amortisation
At 1 April 2024
41,650 
At 31 March 2025
41,650 
Net book value
At 31 March 2025
- 
Goodwill, the amount paid in connection with the acquisition of a business in 2011, has been amortised evenly over its estimated useful life of five years.
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2024
17,159 
20,750 
4,572 
1,440 
43,921 
Additions
309 
- 
- 
- 
309 
At 31 March 2025
17,468 
20,750 
4,572 
1,440 
44,230 
Depreciation
At 1 April 2024
15,101 
14,185 
2,147 
1,211 
32,644 
Charge for the year
847 
1,641 
686 
101 
3,275 
At 31 March 2025
15,948 
15,826 
2,833 
1,312 
35,919 
Net book value
At 31 March 2025
1,520 
4,924 
1,739 
128 
8,311 
At 31 March 2024
2,058 
6,565 
2,425 
229 
11,277 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,795 
17,868 
Accrued income and prepayments
1,608 
2,608 
10,403 
20,476 
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Classic Joinery Products Limited Notes to the Accounts for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
8,806 
9,425 
Trade creditors
8,427 
10,078 
Taxes and social security
8,353 
10,563 
Other creditors
- 
408 
Loans from directors
325 
230 
Accruals
1,288 
756 
Deferred income
- 
5,000 
27,199 
36,460 
8
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Transactions with related parties
The company operates from a property owned jointly by the directors. Rent of £13,800 (2024: £12,000) has been paid.
10
Average number of employees
During the year the average number of employees was 4 (2024: 4).
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