Junction 8 Tile & Stone Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07101836 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Junction 8 Tile & Stone Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

Mrs Y Coxen

REGISTERED OFFICE:

7a Junction 8 Business Park

Rossfield Road

Ellesmere Port

Wirral

CH65 3BS

REGISTERED NUMBER:

07101836 (England and Wales)

ACCOUNTANTS:

LBW Chartered Accountants

Enterprise House

The Courtyard

Old Courthouse Road

Bromborough

Merseyside

CH62 4UE

FIXED ASSETS

Tangible assets

4

24,341

28,554

CURRENT ASSETS

Stocks

297,024

326,400

Debtors

5

39,317

64,362

Cash at bank and in hand

705,680

629,179

1,042,021

1,019,941

CREDITORS

Amounts falling due within one year

6

185,149

187,139

NET CURRENT ASSETS

856,872

832,802

TOTAL ASSETS LESS CURRENT
LIABILITIES

881,213

861,356

CAPITAL AND RESERVES

Called up share capital

7

10

Retained earnings

8

881,203

861,346

SHAREHOLDERS' FUNDS

881,213

861,356

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 director acknowledges her 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 director and authorised for issue on 26 September 2025 and were signed by:

Mrs Y Coxen - Director

1.	STATUTORY INFORMATION

Junction 8 Tile & Stone 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.

Land and buildings

-

5% on cost

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 10 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2024

and 31 December 2024

21,789

110,288

132,077

DEPRECIATION

At 1 January 2024

5,735

97,788

103,523

Charge for year

1,089

3,124

4,213

At 31 December 2024

6,824

100,912

107,736

NET BOOK VALUE

At 31 December 2024

14,965

9,376

24,341

At 31 December 2023

16,054

12,500

28,554

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

36,232

61,469

Other debtors

3,085

2,893

39,317

64,362

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

-

49

Trade creditors

116,356

97,795

Taxation and social security

59,859

78,639

Other creditors

8,934

10,656

185,149

187,139

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

1

ordinary

10

8.

RESERVES

Retained

earnings

£

At 1 January 2024

861,346

Profit for the year

62,857

Dividends

(43,000

)

At 31 December 2024

881,203

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount of £2,289 (2023 - £4,011) relating from the directors loan account of Mrs Y Coxen, the director and shareholder of the company.

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £43,000 (2023 - £42,000) were paid to the director .

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Junction 8 Tile & Stone Limited for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Junction 8 Tile & Stone Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Junction 8 Tile & Stone Limited and state those matters that we have agreed to state to the director of Junction 8 Tile & Stone Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Junction 8 Tile & Stone Limited and its director for our work or for this report.

It is your duty to ensure that Junction 8 Tile & Stone Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Junction 8 Tile & Stone Limited. You consider that Junction 8 Tile & Stone Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Junction 8 Tile & Stone Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

LBW Chartered Accountants

Enterprise House

The Courtyard

Old Courthouse Road

Bromborough

Merseyside

CH62 4UE

Date: .............................................