REGISTERED NUMBER: 09246607 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

USKVALLEYJOINERY LTD

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

DIRECTORS:

Mrs A Davis

Mr A Davis

REGISTERED OFFICE:

Old Carpenter Shop Woodside Trading Esta

Llanbadoc

Usk

Gwent

NP15 1SS

REGISTERED NUMBER:

09246607 (England and Wales)

ACCOUNTANTS:

MHA Advisory Limited

Elfed House

Oak Tree Court

Cardiff Gate Business Park

Cardiff

CF23 8RS

FIXED ASSETS

Tangible assets

4

10,155

13,575

CURRENT ASSETS

Stocks

3,500

3,500

Debtors

5

93,582

86,994

Cash at bank and in hand

30,086

12,104

127,168

102,598

CREDITORS

Amounts falling due within one year

6

(116,544

)

(88,052

)

NET CURRENT ASSETS

10,624

14,546

TOTAL ASSETS LESS CURRENT LIABILITIES

20,779

28,121

CREDITORS

Amounts falling due after more than one year

7

(20,620

)

(25,326

)

NET ASSETS

159

2,795

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

8

157

2,793

159

2,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 and authorised for issue by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

Mr A Davis - Director

1.	STATUTORY INFORMATION

Uskvalleyjoinery 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.

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

Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

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 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2023

and 31 October 2024

68,178

DEPRECIATION

At 1 November 2023

54,603

Charge for year

3,420

At 31 October 2024

58,023

NET BOOK VALUE

At 31 October 2024

10,155

At 31 October 2023

13,575

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

-

9,419

Directors' current accounts

70,368

58,299

Tax

23,214

19,276

93,582

86,994

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

5,655

5,655

Tax

64,276

62,208

Social security and other taxes

5,869

4,451

VAT

6,988

12,597

Accruals and deferred income

27,556

-

Accrued expenses

6,200

3,141

116,544

88,052

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

5,655

5,655

Bank loans - 2-5 years

14,965

16,965

Bank loans more 5 yr by instal

-

2,706

20,620

25,326

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

2,706

8.

RESERVES

Retained

earnings

£

At 1 November 2023

2,793

Profit for the year

54,364

Dividends

(57,000

)

At 31 October 2024

157

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024

2023

£

£

Mr A Davis and Mrs A Davis

Balance outstanding at start of year

58,299

58,700

Amounts advanced

75,954

52,599

Amounts repaid

(63,885

)

(53,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

70,368

58,299