REGISTERED NUMBER: 02546568 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Graham Ball Joiners Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G R Ball

M C Ball

SECRETARY:

M C Ball

REGISTERED OFFICE:

Suites 5 & 6 The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

REGISTERED NUMBER:

02546568 (England and Wales)

ACCOUNTANTS:

Bennett Kirkhope Smith

Chartered Certified Accountants

Suites 5 & 6 The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

FIXED ASSETS

Tangible assets

4

209,488

222,606

CURRENT ASSETS

Stocks

43,900

32,634

Debtors

5

16,465

92,017

60,365

124,651

CREDITORS

Amounts falling due within one year

6

210,931

251,443

NET CURRENT LIABILITIES

(150,566

)

(126,792

)

TOTAL ASSETS LESS CURRENT LIABILITIES

58,922

95,814

CREDITORS

Amounts falling due after more than one year

7

(25,751

)

(33,543

)

PROVISIONS FOR LIABILITIES

9

(17,000

)

(20,110

)

NET ASSETS

16,171

42,161

CAPITAL AND RESERVES

Called up share capital

10

420

420

Retained earnings

15,751

41,741

SHAREHOLDERS' FUNDS

16,171

42,161

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

G R Ball - Director

1.	STATUTORY INFORMATION

Graham Ball Joiners 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% 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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 7 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

184,208

198,848

21,374

115,375

519,805

Additions

1,901

2,279

490

-

4,670

At 31 December 2024

186,109

201,127

21,864

115,375

524,475

DEPRECIATION

At 1 January 2024

42,046

154,008

15,855

85,290

297,199

Charge for year

2,590

7,074

601

7,523

17,788

At 31 December 2024

44,636

161,082

16,456

92,813

314,987

NET BOOK VALUE

At 31 December 2024

141,473

40,045

5,408

22,562

209,488

At 31 December 2023

142,162

44,840

5,519

30,085

222,606

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 January 2024

and 31 December 2024

17,750

DEPRECIATION

At 1 January 2024

6,850

Charge for year

1,635

At 31 December 2024

8,485

NET BOOK VALUE

At 31 December 2024

9,265

At 31 December 2023

10,900

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

26

50,049

Amounts owed by group undertakings

233

233

Other debtors

10,000

40,070

Tax

4,443

-

Prepayments

1,763

1,665

16,465

92,017

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

9,819

15,589

Hire purchase contracts

2,349

2,562

Trade creditors

59,829

73,653

Corporation tax

11,175

22,038

Social security and other taxes

4,797

5,702

VAT

23,917

28,433

Directors' current accounts

92,127

95,452

Accrued expenses

6,918

8,014

210,931

251,443

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 1-2 years

5,584

5,446

Bank loans - 2-5 years

17,614

17,180

Bank loans repayable in more than 5 years by instalments

2,553

8,568

Hire purchase contracts

-

2,349

25,751

33,543

Amounts falling due in more than five years:

Repayable by instalments

Bank loans repayable in more than 5 years by instalments

2,553

8,568

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank overdrafts

4,373

9,712

Bank loans

31,197

37,071

Hire purchase contracts

2,349

4,911

37,919

51,694

The bank loan is secured by a fixed and floating charge over all assets and undertakings of the company.

Also a second legal charge given by G R Ball and M C Ball over the freehold property 11/11a Sedgwick Street, Preston.

Hire purchase obligations are secured on the asset to which it relates.

9.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

17,000

20,110

Deferred

tax

£

Balance at 1 January 2024

20,110

Provided during year

(3,110

)

Balance at 31 December 2024

17,000

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

315

A Ordinary

£1

315

315

84

B Ordinary

£1

84

84

21

C Ordinary

£1

21

21

420

420

11.	ULTIMATE CONTROLLING PARTY