REGISTERED NUMBER: 08773906 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2023 TO 31 MARCH 2025

FOR

GB JOINERY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L Parrott

Mrs C Parrott

REGISTERED OFFICE:

Unit 7 & 8 The Hollygate

Albert Street

Stockport

SK3 0BD

REGISTERED NUMBER:

08773906 (England and Wales)

ACCOUNTANTS:

RfM Alexander Bursk

c/o Alexander Bursk Ltd

Parkgates, Bury New Road

Prestwich

Manchester

Greater Manchester

M25 0JW

FIXED ASSETS

Tangible assets

5

59,548

79,117

CURRENT ASSETS

Stocks

116,801

41,100

Debtors

6

23,576

23,853

Cash at bank and in hand

119,533

146,310

259,910

211,263

CREDITORS

Amounts falling due within one year

7

177,595

181,147

NET CURRENT ASSETS

82,315

30,116

TOTAL ASSETS LESS CURRENT LIABILITIES

141,863

109,233

CREDITORS

Amounts falling due after more than one year

8

-

(3,329

)

PROVISIONS FOR LIABILITIES

(14,887

)

(19,779

)

NET ASSETS

126,976

86,125

CAPITAL AND RESERVES

Called up share capital

1

1

Capital redemption reserve

(315,000

)

(315,000

)

Retained earnings

441,975

401,124

126,976

86,125

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 23 December 2025 and were signed on its behalf by:

L Parrott - Director

Mrs C Parrott - Director

1.	STATUTORY INFORMATION

GB 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 (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

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

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on cost and 25% on reducing balance

STOCKS

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.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Stocks and work in progress are stated at the lower of cost and estimated costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Estimated selling price less costs to complete and sell is based on the estimated selling price of the goods less any estimated completion or selling costs likely to be incurred on the sale.

TAXATION

Taxation for the period 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 period 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 12 (2023 - 15 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2023

499,660

Additions

877

At 31 March 2025

500,537

DEPRECIATION

At 1 December 2023

420,543

Charge for period

20,446

At 31 March 2025

440,989

NET BOOK VALUE

At 31 March 2025

59,548

At 30 November 2023

79,117

The plant and machinery is included at directors' valuation.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Trade debtors

4,175

15,671

Other debtors

19,401

8,182

23,576

23,853

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Hire purchase contracts (see note 9)

1,849

4,439

Payments on account

8,688

10,824

Trade creditors

61,960

67,971

Taxation and social security

54,970

64,979

Other creditors

50,128

32,934

177,595

181,147

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2023

£

£

Hire purchase contracts (see note 9)

-

3,329

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2023

£

£

Gross obligations repayable:

Within one year

2,061

4,947

Between one and five years

-

3,710

2,061

8,657

Finance charges repayable:

Within one year

212

508

Between one and five years

-

381

212

889

Net obligations repayable:

Within one year

1,849

4,439

Between one and five years

-

3,329

1,849

7,768

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2023

£

£

Hire purchase contracts

1,849

7,768

Hire Purchase creditor is secured against specific plant and machinery within Fixed Assets.

11.	RELATED PARTY DISCLOSURES

During the year, the company traded with it's parent company, Reddish Joinery Ltd.

Transactions between the companies were sales of £1,243,542 (2023 - £565,251) and purchases of £nil (2023 - £23,989). There were no outstanding amounts at the year end.

12.	ULTIMATE CONTROLLING PARTY

The ultimate control of the company is held by the Directors.