Company No:
Contents
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 4 |
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| 2,730,445 | 2,580,262 | |||
| Current assets | ||||
| Stocks | 5 |
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| Debtors | 6 |
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| Cash at bank and in hand | 7 |
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| 1,408,414 | 1,391,824 | |||
| Creditors: amounts falling due within one year | 8 | (
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| Net current liabilities | (187,869) | (244,564) | ||
| Total assets less current liabilities | 2,542,576 | 2,335,698 | ||
| Creditors: amounts falling due after more than one year | 9 | (
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| Net assets |
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| Capital and reserves | ||||
| Called-up share capital | 10 |
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| Revaluation reserve |
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| Profit and loss account |
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| Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Input Joinery Limited (registered number:
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Mark Leslie Fisher
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Input Joinery 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.
The presentation currency of the financial statements is the Pound Sterling (£)
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 as modified by the revaluation of certain assets.
Defined contribution schemes
The company operate a defined contribution executive pension scheme and a defined contribution staff pension scheme, each of which require contributions to be made to separately administered funds. Contributions to the two schemes are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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.
| Land and buildings |
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| Plant and machinery | 20 -
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| Vehicles |
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| Fixtures and fittings | 15 -
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
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.
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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| £ | £ | ||
| Amounts recognised as distributions to equity holders in the financial year: | |||
| Interim | 295,017 | 264,377 | |
| Land and buildings | Plant and machinery | Vehicles | Fixtures and fittings | Total | |||||
| £ | £ | £ | £ | £ | |||||
| Cost/Valuation | |||||||||
| At 01 April 2024 |
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| Additions |
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| Disposals |
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| At 31 March 2025 |
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| Accumulated depreciation | |||||||||
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| Charge for the financial year |
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| Disposals |
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| At 31 March 2025 |
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| Net book value | |||||||||
| At 31 March 2025 | 1,046,401 | 1,347,709 | 295,675 | 40,660 | 2,730,445 | ||||
| At 31 March 2024 | 1,077,157 | 1,251,103 | 213,282 | 38,720 | 2,580,262 |
Revaluation of tangible assets
The freehold properties were valued by the directors during the 2019 year.
The directors believe this still to be a fair value of the property at the year end.
The revaluation of the company's freehold property if realised would result in a tax charge based on the company's existing tax status of £nil.
If freehold property had not been revalued they would have been included at the following historical cost:
| 2025 | 2024 | ||
| £ | £ | ||
| Historical cost | 1,251,749 | 1,251,749 | |
| Accumulated depreciation | (405,348) | (384,764) | |
| Carrying value |
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Value of land in freehold land and buildings is £331,814 (2024 - £331,814).
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| £ | £ | ||
| Stocks |
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| Work in progress |
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| £ | £ | ||
| Trade debtors |
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| Amounts owed by Group undertakings |
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| Other debtors |
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| £ | £ | ||
| Cash at bank and in hand |
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| £ | £ | ||
| Bank loans (secured) |
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| Trade creditors |
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| Amounts owed to Group undertakings |
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| Taxation and social security |
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| Obligations under finance leases and hire purchase contracts (secured) |
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| Other creditors |
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| £ | £ | ||
| Bank loans (secured) |
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| Obligations under finance leases and hire purchase contracts (secured) |
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The hire purchase contracts are secured over the motor vehicles in the company to which they relate.
| 2025 | 2024 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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| Presented as follows: | |||
| Called-up share capital presented as equity | 1,000 | 1,000 |
The profit and loss reserve represents cumulative profits or losses, net of dividends paid and other adjustments.
The revaluation reserve represents the cumulative effect of revaluations of freehold land and buildings which are revalued to fair value at each reporting date. There is a transfer each year for the difference between the original depreciation and the depreciation on the revalued amount of £7,422 between the revaluation reserve and the profit and loss reserve.
Other financial commitments
Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £53,827 (2024: £60,553).
This amount is in relation to operating lease commitments which are payable over the next 2 years.
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions