For the financial year ended 31 December 2024 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The Old Joinery Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is 280 Barton Street, Gloucester, Gloucestershire, United Kingdom, GL1 4JJ.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company relies for its working capital on advances from the directors and bank funding. There has been no indication that either source will not continue to be available to the company for a period of at least twelve months from the date of approval of these financial statements. As a result, the directors consider the company to be a going concern and have prepared the financial statements on that basis. true

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is invoiced when a job is completed and recognised on an invoice basis.

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

The average monthly number of persons (including directors) employed by the company during the year was:

The company has granted a debenture over its assets in favour of the bank as part of the security over any indebtedness to the bank.

EDCH Properties Limited

Company under common control

In a previous period, EDCH Properties Limited advanced money to the company as working capital. During the year the company repaid some of this money. The amount due to the related party at the balance sheet date was £32,891 (2023: £35,891).The advance is interest free, unsecured and repayable on demand.

During the year the company paid the related party £24,000 for rent of premises on an arm's length basis and levied a management charge to the related party of £3,000 (2023: £2,700).

Esance Limited

Company under common control

In a previous period, The Old Joinery Company Limited advanced money to the related party for working capital. During the year the related party repaid some of this money. The amount due from the related party at the balance sheet date was £12,941 (2023: £17,987). The advance is interest free, unsecured and repayable on demand.

During the year the company paid the related party £5,000 (2023: £2,400) for equipment rental on an arm's length basis.

M Choyce

Director and shareholder

In a previous period, Mr Choyce lent the company money for working capital. The amount due to the related party at the balance sheet date was £2,999 (2023: £2,999). The advance is interest free, unsecured and repayable on demand.

S T Edwards

Director and shareholder

In a previous period, Mr Edwards lent the company money for working capital. The amount due to the related party at the balance sheet date was £3,271 (2023: £3,271). The advance is interest free, unsecured and repayable on demand.