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Registered number: 09393120

Gavin Watson Joinery Limited

ACCOUNTS

FOR THE YEAR ENDED 31/01/2025

Prepared By:

N B Lancaster & Co

Chartered Accountants

6 Brunswick Street

Carlisle

Cumbria

CA1 1PN

Gavin Watson Joinery Limited

ACCOUNTS

FOR THE YEAR ENDED 31/01/2025

DIRECTORS

G M Watson

REGISTERED OFFICE

11 Chestnut Hill

Carlisle

CA2 6LW

COMPANY DETAILS

Private company limited by shares registered in EW - England and Wales, registered number 09393120

ACCOUNTANTS

N B Lancaster & Co

Chartered Accountants

6 Brunswick Street

Carlisle

Cumbria

CA1 1PN

Gavin Watson Joinery Limited

ACCOUNTS
FOR THEYEARENDED31/01/2025
CONTENTS
		Page
Directors' Report		-
Accountants' Report		-
Statement Of Comprehensive Income		-
Balance Sheet		3
Notes To The Accounts		4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account		-
Profit And Loss Account Summaries		-

Gavin Watson Joinery Limited

BALANCE SHEET AT 31/01/2025
						2025				2024
		Notes				£				£
FIXED ASSETS
Tangible assets		4				13,859				11,779
CURRENT ASSETS
Stock				1,440				1,386
Debtors		6		25,026				50,682
Cash at bank and in hand				64,214				58,938
				90,680				111,006
CREDITORS: Amounts falling due within one year		7		44,315				74,773
NET CURRENT ASSETS						46,365				36,233
TOTAL ASSETS LESS CURRENT LIABILITIES						60,224				48,012
CREDITORS: Amounts falling due after more than one year		8				6,033				15,794
NET ASSETS						54,191				32,218
CAPITAL AND RESERVES
Called up share capital		10				100				100
Profit and loss account						54,091				32,118
SHAREHOLDERS' FUNDS						54,191				32,218
For the year ending 31/01/2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 16/10/2025 and signed on their behalf by
.............................
G M Watson
Director

Gavin Watson Joinery Limited

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31/01/2025

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery		reducing balance 25%
Commercial Vehicles		reducing balance 25%

1c. Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

1d. Goodwill

Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

2. EMPLOYEES
				2025		2024
				No.		No.
Average number of employees				1		1

Gavin Watson Joinery Limited

3. INTANGIBLE FIXED ASSETS
		Purchased
		Goodwill		Total
		£		£
Cost
At 01/02/2024		10,000		10,000
At 31/01/2025		10,000		10,000
Depreciation
At 01/02/2024		10,000		10,000
At 31/01/2025		10,000		10,000
Net Book Amounts
At 31/01/2025		-		-

4. TANGIBLE FIXED ASSETS
		Plant and		Commercial
		Machinery		Vehicles		Equipment		Total
		£		£		£		£
Cost
At 01/02/2024		2,813		33,556		853		37,222
Additions		6,700		-		-		6,700
At 31/01/2025		9,513		33,556		853		43,922
Depreciation
At 01/02/2024		1,761		22,829		853		25,443
For the year		1,938		2,682		-		4,620
At 31/01/2025		3,699		25,511		853		30,063
Net Book Amounts
At 31/01/2025		5,814		8,045		-		13,859
At 31/01/2024		1,052		10,727		-		11,779

5. STOCK				2025		2024
				£		£
Stock comprises:
Stock				1,440		1,386
				1,440		1,386

Gavin Watson Joinery Limited

6. DEBTORS				2025		2024
				£		£
Amounts falling due within one year
Trade debtors				25,026		50,682
				25,026		50,682

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2025		2024
				£		£
UK corporation tax				11,084		12,609
VAT				8,376		9,661
Directors current account				8,079		30,467
Bank loans				9,664		9,567
Hire purchase				-		1,210
Trade creditors				5,612		8,497
Accruals				1,500		2,762
				44,315		74,773

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
				2025		2024
				£		£
Bank loans (unsecured) >1yr				6,033		15,794
				6,033		15,794

9. SECURED CREDITORS
				2025		2024
				£		£
Amount of other creditors which are secured				-		1,210
Hire purchase creditors are secured on the assets to which the liaibility relates.

Gavin Watson Joinery Limited

10. SHARE CAPITAL				2025		2024
				£		£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each				100		100
				100		100

11. RELATED PARTY TRANSACTIONS

The director received a salary of £12,570 during the year (2024 - £9,100). Dividends of £25,000 were paid to the director during the year (2024 - £40,000). At the balance sheet date £8,079 was owed to the director (2024 - £30,467). The loan is unsecured, interest free and repayable on demand.