Joinery Specialists Limited

Registered number

06076219

Report and Accounts

31 December 2024

Joinery Specialists Limited
Report and accounts
Contents




Page

Company information	1
Directors' report	2
Profit and loss account	3
Balance sheet	4
Statement of changes in equity	5
Notes to the accounts	6

Joinery Specialists Limited

Company Information

Directors

N Fitter

P J McGuire Resigned 2/5/2024

J J Vann Resigned 15/05/2024

D T Finney

M A Finney

T P McGuire

Secretary

N Fitter

Bankers

NatWest

3 Church Street

Oldbury

West Midlands

Registered office

Unit 6-11 Spartan Ind Centre

Brickhouse Lane

Great Bridge

West Midlands

Registered number

06076219

Joinery Specialists Limited
Registered number:		06076219
Directors' Report

The directors present their report and accounts for the year ended 31 December 2024.

Principal activities
The company's principal activity during the year continued to be the manufacture and distribution of joinery products to the construction industry

Directors
The following persons served as directors during the year:

	N Fitter
	P J McGuire Resigned 2/5/2024
	J J Vann Resigned 15/05/2024
	D T Finney
	M A Finney
	T P McGuire

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 23 September 2025 and signed on its behalf.





D T Finney
Director

Joinery Specialists Limited
Profit and Loss Account
for the year ended 31 December 2024


	2024		2023
£		£

Turnover	3,433,744		3,759,151

Cost of sales	(2,605,443)		(2,744,653)

Gross profit	828,301		1,014,498

Distribution costs	(56,427)		(60,626)
Administrative expenses	(760,180)		(908,758)
Other operating income	1,250		-

Operating profit	12,944		45,114

Interest receivable	-		6

Profit before taxation	12,944		45,120

Tax on profit	(3,902)		(11,002)

Profit for the financial year	9,042		34,118

Joinery Specialists Limited
Registered number:		06076219
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		78,166			103,449

Current assets
Stocks		410,378			366,295
Debtors	4	468,661			481,572
Cash at bank and in hand		456,533			225,890
		1,335,572			1,073,757

Creditors: amounts falling due within one year	5	(777,838)			(544,026)

Net current assets			557,734			529,731

Total assets less current liabilities			635,900			633,180


Provisions for liabilities			(19,542)			(25,864)


Net assets			616,358			607,316

Capital and reserves
Called up share capital			125,000			125,000
Share premium			5,000			5,000
Profit and loss account			486,358			477,316

Shareholders' funds			616,358			607,316

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.




D T Finney
Director
Approved by the board on 23 September 2025

Joinery Specialists Limited
Statement of Changes in Equity
for the year ended 31 December 2024

Share		Share		Re-		Profit		Total
capital		premium		valuation		and loss
reserve						account
£		£		£		£		£

At 1 January 2023	125,000		5,000		-		443,198		573,198

Profit for the financial year							34,118		34,118


At 31 December 2023	125,000		5,000		-		477,316		607,316



At 1 January 2024	125,000		5,000		-		477,316		607,316

Profit for the financial year							9,042		9,042


At 31 December 2024	125,000		5,000		-		486,358		616,358

Joinery Specialists Limited
Notes to the Accounts
for the year ended 31 December 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:

	Plant and machinery		over 4 years
	Fixtures, fittings, tools and equipment		over 4 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.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price).

	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				22		24


3	Tangible fixed assets
			Plant and machinery etc		Motor vehicles		Total
£				£		£
	Cost
	At 1 January 2024		105,397		246,576		351,973
	Additions		10,184		-		10,184
	Disposals		-		(34,947)		(34,947)
	At 31 December 2024		115,581		211,629		327,210

	Depreciation
	At 1 January 2024		96,600		151,924		248,524
	Charge for the year		8,210		(7,690)		520
	At 31 December 2024		104,810		144,234		249,044

	Net book value
	At 31 December 2024		10,771		67,395		78,166
	At 31 December 2023		8,797		94,652		103,449


4	Debtors				2024		2023
£						£

	Trade debtors				422,891		327,959
	Other debtors				45,770		153,613
					468,661		481,572


5	Creditors: amounts falling due within one year				2024		2023
£						£

	Trade creditors				627,022		293,810
	Taxation and social security costs				45,375		67,884
	Other creditors				105,441		182,332
					777,838		544,026


6	Pension commitments

	The company operates a defined contribution pension scheme on behalf of its directors and certain employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £1,711 (2024 £ 2,220) were due to the fund. They are included in other creditors.


7	Other financial commitments				2024		2023
£						£

	Total future minimum payments under non-cancellable operating leases				129,196		218,373


8	Related party transactions

	The following companies are related parties by virtue of being controlled by the directors MA Finney, DT Finney, TP McGuire, JJ Vann and their immediate families who controlled the issued share capital of each company during the year and previous year.

		Sales	Purchases		Debtor		Creditor
	Year 31 December 2024	£	£		£		£
	Midland Building Products Ltd	2,169	533,908		-		78,617
	Manchester Doors & Cubicles Ltd	3,610	3,799		-		901
	Southern Doors & Cubicles Ltd	118	10,369		-		3,456
	ZMR Limited	-	257,691		-		30,357
	UK Doorsets Limited	1,751	511,601		-		204,616
	Leeds Doors & Cubicles Ltd	-	2,889		-		322
	Specialist Joinery Products Ltd	173	12,101		-		-
	Fire & Acoustic Seals Ltd	-	-		-		-
	Doorkit solution		41,692		-		11,111
	MBP ronmongery	-	11,794		-		2,213
	IBS Building Products Ltd	123,193	3,132		14,504		167

	Year 31 December 2023	£	£		£		£
	Midland Building Products Ltd	4,225	614,580		1,462		46,960
	Manchester Doors & Cubicles Ltd	2,980	329		640		-
	Southern Doors & Cubicles Ltd	9,366	7,257		-		-
	ZMR Limited	-	384,161		-		8,760
	UK Doorsets Limited	117	568,858		-		26,407
	Leeds Doors & Cubicles Ltd	-	9,052		-		-
	Specialist Joinery Products Ltd	-	58		-		-
	Fire & Acoustic Seals Ltd	-	41,000		-		1,133
	IBS Building Products Ltd	202,182	7,071		16,596		-



9	Controlling party

	The company is controlled by the board of directors by virtue of their combined shareholdings that equate to 96% of the issued share capital.


10	Other information

	Joinery Specialists Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 6-11 Spartan Ind Centre
	Brickhouse Lane
	Great Bridge
	West Midlands