Accounts



















	CROMPTON JOINERY LIMITED



	UNAUDITED FINANCIAL STATEMENTS


	FOR THE YEAR ENDED 31 DECEMBER 2024

	CROMPTON JOINERY LIMITED
	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024


	DIRECTORS

	Mr S W Haskins


	SECRETARY

	Mr S W Haskins

	REGISTERED OFFICE

	25 Park Street West Luton, Beds. LU1 3BE.


	COMPANY REGISTERED NUMBER

	03881115


	BANKERS

	Handelsbanken


	ACCOUNTANTS

	Haartwells Limited
	Chartered Certified Accountants
	25 Park Street West, Luton, Beds.LU1 3BE.

	page 1

	CROMPTON JOINERY LIMITED
	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024



	CONTENTS

	Pages


	3-4	Statement of Financial Position


	5-9	Notes to the Financial Statements

	page 2

CROMPTON JOINERY LIMITED
Company registered number: 03881115
STATEMENT OF FINANCIAL POSITION AT 31 December 2024

	Note	2024		2023
		£	£	£
FIXED ASSETS
Property, plant and equipment	3		116,367	114,822
CURRENT ASSETS
Inventories		94,970		92,220
Debtors	4	563,253		346,920
Cash at bank and in hand		807,209		1,055,924
		1,465,432		1,495,064
CREDITORS: Amounts falling due within one year	5	225,255		270,488
NET CURRENT ASSETS			1,240,177	1,224,576
TOTAL ASSETS LESS CURRENT LIABILITIES			1,356,544	1,339,398

CREDITORS: Amounts falling due after more than one year	6		(34,150)	(49,900)

PROVISIONS FOR LIABILITIES			(29,092)	(28,732)
NET ASSETS			£1,293,302	£1,260,766

CAPITAL AND RESERVES
Called up share capital			100	100
Retained earnings			1,293,202	1,260,666
SHAREHOLDERS' FUNDS			£1,293,302	£1,260,766

	The notes on pages 5-9 form part of these financial statements

	page 3

CROMPTON JOINERY LIMITED
Company registered number: 03881115
STATEMENT OF FINANCIAL POSITION AT 31 December 2024 (CONT.)

	Note	2024		2023
		£	£	£



	In approving these financial statements as directors of the company we hereby confirm the following:

	For the year in question the company was entitled to exemption 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 ended 31 December 2024 in accordance with section 476 of the Companies Act 2006.

	The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.


	These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies

	In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

	The financial statements were approved and authorised for issue by the board of directors on 17 September 2025

	Signed on behalf of the board of directors



	Mr S W Haskins, Director

	The notes on pages 5-9 form part of these financial statements

	page 4

	CROMPTON JOINERY LIMITED
	NOTES TO THE ACCOUNTS
	FOR THE YEAR ENDED 31 DECEMBER 2024



1.	SIGNIFICANT ACCOUNTING POLICIES


1a.	Statement of compliance

	Crompton Joinery Limited is a Private Limited Company incorporated in England and Wales..

	The company's registered number and registered office address can be found on the Company Information page.

	These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 January 2024.

	The transition to FRS 102 has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in notes and below. These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

	Basis of accounting


	The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.


1c.	Revenue recognition

	Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.


1d.	Borrowing costs

	Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

	The notes on pages 5-9 form part of these financial statements

	page 5

	CROMPTON JOINERY LIMITED
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 31 DECEMBER 2024



1.	SIGNIFICANT ACCOUNTING POLICIES (CONT.)


1e.	Taxation

	Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.


1f.	Property, plant and equipment

	Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.

	Plant and machinery	Reducing balance 10%
	Vehicles	Reducing balance 25%
	Fixtures and fittings	Reducing balance 10%
	Equipment	Reducing balance 15%


1g.	Inventories

	Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.


1h.	Short term debtors and creditors

	Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.


1i.	Cash and cash equivalents

	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.

	The notes on pages 5-9 form part of these financial statements

	page 6

	CROMPTON JOINERY LIMITED
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 31 DECEMBER 2024



1.	SIGNIFICANT ACCOUNTING POLICIES (CONT.)


1j.	Interest bearing borrowings

	All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. Any difference between the amount initially recognised and redemption value is recognised in profit and loss together with any interest and fees payable.


1k.	Leased assets

	Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.


1l.	Foreign currencies

	Transactions in foreign currencies are initially recorded in the entity’s functional currency by applying the spot exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


1m.	Employee benefits

	The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the Company in an independent administered fund.



2.	DIRECTORS AND EMPLOYEES

	Employee costs during the year amounted to:	2024	2023
		£	£
	Wages and salaries	865,359	858,357
	Social security costs	84,753	88,146
	Pension costs	191,297	189,839
		£1,141,409	£1,136,342
	The average weekly number of employees during the year were as follows:
		2024	2023
		No.	No.
	Management and administration	7	7
	Production and sales	18	17
		25	24

	The notes on pages 5-9 form part of these financial statements

	page 7

	CROMPTON JOINERY LIMITED
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 31 DECEMBER 2024


3.	PROPERTY, PLANT AND EQUIPMENT
		Plant &
		Machinery	Total
		£	£
	Cost

	At 1 January 2024	540,176	540,176
	Additions other than through business combinations	14,476	14,476

	At 31 December 2024	554,652	554,652

	Depreciation

	At 1 January 2024	425,354	425,354
	For the year	12,931	12,931
	At 31 December 2024	438,285	438,285

	Net Book Amounts

	At 31 December 2024	116,367	116,367
	At 31 December 2023	114,822	114,822



4.	DEBTORS	2024	2023
		£	£
	Trade debtors	552,195	303,300
	Social security and other taxes	11,058	43,620
		£563,253	£346,920



5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2024	2023
		£	£
	Finance leases and hire purchase contracts	15,750	15,750
	Trade creditors	163,915	116,196
	Corporation tax	11,547	92,155
	Other taxes and social security	27,972	31,955
	Other creditors	6,071	10,432
	Accruals and deferred income	-	4,000
		£225,255	£270,488

	The notes on pages 5-9 form part of these financial statements

	page 8

	CROMPTON JOINERY LIMITED
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 31 DECEMBER 2024



6.	CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
		2024	2023
		£	£
	Finance leases and hire purchase contracts	34,150	49,900
		£34,150	£49,900



	Analysis of borrowings:

	Due within five years:
	within 1 year
	leases	15,750	15,750
	within 2-5 years
	leases	34,150	49,900
		£49,900	£65,650

	The notes on pages 5-9 form part of these financial statements

	page 9