PL & L Austin Joinery Ltd - Filleted accounts

Registered number

04456240

PL & L Austin Joinery Ltd

Filleted Accounts

30 June 2025

PL & L Austin Joinery Ltd
Registered number:		04456240
Balance Sheet
as at 30 June 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		32,396			42,274

Current assets
Stocks		13,138			24,376
Debtors	5	6,124			3,832
Cash at bank and in hand		58,339			80,073
		77,601			108,281

Creditors: amounts falling due within one year	6	(30,123)			(41,113)

Net current assets			47,478			67,168

Total assets less current liabilities			79,874			109,442

Creditors: amounts falling due after more than one year	7		(15,824)			(29,265)



Net assets			64,050			80,177

Capital and reserves
Called up share capital			100			100
Profit and loss account			63,950			80,077

Shareholders' funds			64,050			80,177

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



Peter Austin
Director
Approved by the board on 7 November 2025

PL & L Austin Joinery Ltd
Notes to the Accounts
for the year ended 30 June 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	15% reducing balance
	Fixtures, fittings, tools and equipment	15% reducing balance
	Motor vehicles	25% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			3		3


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 July 2024					80,000
	At 30 June 2025					80,000

	Amortisation
	At 1 July 2024					80,000
	At 30 June 2025					80,000

	Net book value
	At 30 June 2025					-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 July 2024	17,925		53,825		71,750
	At 30 June 2025	17,925		53,825		71,750

	Depreciation
	At 1 July 2024	11,024		18,452		29,476
	Charge for the year	1,035		8,843		9,878
	At 30 June 2025	12,059		27,295		39,354

	Net book value
	At 30 June 2025	5,866		26,530		32,396
	At 30 June 2024	6,901		35,373		42,274


5	Debtors			2025		2024
£					£

	Trade debtors			-		1,138
	Other debtors			6,124		2,694
				6,124		3,832


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			10,602		10,648
	Obligations under finance lease and hire purchase contracts			4,219		4,219
	Trade creditors			3,841		2,993
	Taxation and social security costs			9,536		23,061
	Other creditors			1,925		192
				30,123		41,113


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			-		9,222
	Obligations under finance lease and hire purchase contracts			15,824		20,043
				15,824		29,265


8	Other information

	PL & L Austin Joinery Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Unit C11 Tweedale Industrial Estate
	Madeley
	Telford
	Shropshire
	TF7 4JR