REGISTERED NUMBER: 04368578 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MIDDLETON TRADITIONAL JOINERY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

E M Middleton Robson

SECRETARY:

E M Middleton Robson

REGISTERED OFFICE:

Unit 3, West Coppice Road

Brownhills

Walsall

West Midlands

WS8 7HB

REGISTERED NUMBER:

04368578 (England and Wales)

ACCOUNTANTS:

Astbury Accountants Limited

12 Northgate

Bridgnorth

Shropshire

WV16 4ER

FIXED ASSETS

Tangible assets

4

38,829

40,895

CURRENT ASSETS

Stocks

23,000

1,000

Debtors

5

50,141

48,375

Cash at bank

2,786

19,269

75,927

68,644

CREDITORS

Amounts falling due within one year

6

105,830

60,157

NET CURRENT (LIABILITIES)/ASSETS

(29,903

)

8,487

TOTAL ASSETS LESS CURRENT LIABILITIES

8,926

49,382

CREDITORS

Amounts falling due after more than one year

7

(38,963

)

(35,339

)

PROVISIONS FOR LIABILITIES

(7,377

)

(450

)

NET (LIABILITIES)/ASSETS

(37,414

)

13,593

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

(38,414

)

12,593

SHAREHOLDERS' FUNDS

(37,414

)

13,593

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 his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

E M Middleton Robson - Director

1.	STATUTORY INFORMATION

Middleton Traditional Joinery Ltd 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.

Preparation of consolidated financial statements

The financial statements contain information about Middleton Traditional Joinery Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

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 Income Statement, 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 6 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

214,728

Additions

10,877

At 31 December 2024

225,605

DEPRECIATION

At 1 January 2024

173,833

Charge for year

12,943

At 31 December 2024

186,776

NET BOOK VALUE

At 31 December 2024

38,829

At 31 December 2023

40,895

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

4,364

5,473

Amounts owed by group undertakings

45,777

42,419

Other debtors

-

483

50,141

48,375

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

7,330

10,000

Hire purchase contracts

5,001

2,728

Trade creditors

18,466

2,438

Taxation and social security

18,292

9,905

Other creditors

56,741

35,086

105,830

60,157

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

28,690

29,200

Hire purchase contracts

10,273

6,139

38,963

35,339

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.	CONTINGENT LIABILITIES

the company is party to a cross guarantee and debenture with DSM Management (UK) Limited, the parent company, in respect of that company's mortgage loans, which amounted to £47,799 at the balance sheet date.

10.	RELATED PARTY DISCLOSURES

DSM Management (UK) Limited

DSM Management (UK) Limited owns 100% of the ordinary share capital in Middleton Traditional Joinery Limited.

Amount owed by DSM Management (UK) Limited at 31st December 2024 is £45,777 (2023 - £42,419).

The amount owed by DSM Management (UK) Limited is unsecured and has no specific terms regarding

payment of interest. The amount due is repayable on demand but the directors of Middleton Traditional Joinery Limited have given assurances that payment of this amount will not be demanded until such time DSM Management (UK) Limited can afford to do so without financial detriment.

11.	GOING CONCERN

The accounts are prepared on a going concern basis and the directors have indicated that they will continue to support the company for the foreseeable future.