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REGISTERED NUMBER: 10673825 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

KRM JOINERY LIMITED

| KRM JOINERY LIMITED (REGISTERED NUMBER: 10673825) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| KRM JOINERY LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | K R Morris

| L J Morris

| REGISTERED OFFICE: | Medina House

| 2 Station Avenue

| Bridlington

| East Yorkshire

| YO16 4LZ

| REGISTERED NUMBER: | 10673825 (England and Wales)

| ACCOUNTANTS: | Lloyd Dowson Limited

| Medina House

| 2 Station Avenue

| Bridlington

| East Yorkshire

| YO16 4LZ

| KRM JOINERY LIMITED (REGISTERED NUMBER: 10673825) |

BALANCE SHEET

31 MARCH 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 26,533 |  | 9,610 |  |

26,533 |  | 9,610 |  |

CURRENT ASSETS

Stocks | 6,866 |  | 6,557 |  |

Debtors | 6 | 126,275 |  | 28,460 |  |

Cash at bank | 95 |  | 42,399 |  |

133,236 |  | 77,416 |  |

CREDITORS

Amounts falling due within one year | 7 | 50,018 |  | 42,132 |  |

NET CURRENT ASSETS | 83,218 |  | 35,284 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 109,751 |  | 44,894 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (14,275 | ) | (13,594 | ) |

PROVISIONS FOR LIABILITIES | (7,032 | ) | (2,547 | ) |

NET ASSETS | 88,444 |  | 28,753 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 100 |  | 100 |  |

Retained earnings | 88,344 |  | 28,653 |  |

SHAREHOLDERS' FUNDS | 88,444 |  | 28,753 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

| KRM JOINERY LIMITED (REGISTERED NUMBER: 10673825) |

BALANCE SHEET - continued

31 MARCH 2025

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 Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

K R Morris - Director

| KRM JOINERY LIMITED (REGISTERED NUMBER: 10673825) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| KRM 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.

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 derived from joinery work and is recognised upon provision of the services.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2017, has been amortised evenly over its estimated useful life of five years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Tools and equipment | - | 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Office equipment | - | 25% on reducing balance

| Stocks and work in progress

| Stocks and work in progress 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 the statement of income and retained earnings on a straight line basis over the period of the lease.

| KRM JOINERY LIMITED (REGISTERED NUMBER: 10673825) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 11,000 |  |

| AMORTISATION

| At 1 April 2024

| and 31 March 2025 | 11,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  |

| At 31 March 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2024 | 30,515 |  |

| Additions | 20,990 |  |

| At 31 March 2025 | 51,505 |  |

| DEPRECIATION

| At 1 April 2024 | 20,905 |  |

| Charge for year | 4,067 |  |

| At 31 March 2025 | 24,972 |  |

| NET BOOK VALUE

| At 31 March 2025 | 26,533 |  |

| At 31 March 2024 | 9,610 |  |

| The net book value of tangible fixed assets includes £ 18,804 in respect of assets held under hire purchase contracts.

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 47,644 |  | 22,524 |  |

| Other debtors | 78,631 |  | 5,936 |  |

126,275 |  | 28,460 |  |

| KRM JOINERY LIMITED (REGISTERED NUMBER: 10673825) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts | 10,342 |  | 9,818 |  |

| Hire purchase contracts | 2,624 |  | - |  |

| Taxation and social security | 31,043 |  | 24,108 |  |

| Other creditors | 6,009 |  | 8,206 |  |

50,018 |  | 42,132 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | 2,727 |  | 13,594 |  |

| Hire purchase contracts | 11,548 |  | - |  |

14,275 |  | 13,594 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.3.25 |  | 31.3.24

£ | £ |

| Hire purchase contracts | 14,172 |  | - |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.25 |  | 31.3.24

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |