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Company Registration No. 10300611 (England and Wales)
M Latham Joinery Ltd Unaudited accounts for the year ended 31 August 2025
M Latham Joinery Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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M Latham Joinery Ltd Company Information for the year ended 31 August 2025
Directors
M Latham S Latham
Company Number
10300611 (England and Wales)
Registered Office
Suite 2 Riverside Court Castle Street Barnstaple Devon EX31 1DR
Accountants
JD Accountants (South West) Ltd Suite 2, Riverside Court Castle Street Barnstaple Devon EX31 1DR
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M Latham Joinery Ltd Accountants' report
Accountants' report to the board of directors of M Latham Joinery Ltd on the preparation of the unaudited statutory accounts for the year ended 31 August 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of M Latham Joinery Ltd for the year ended 31 August 2025 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of M Latham Joinery Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of M Latham Joinery Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M Latham Joinery Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that M Latham Joinery Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of M Latham Joinery Ltd. You consider that M Latham Joinery Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of M Latham Joinery Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
JD Accountants (South West) Ltd Suite 2, Riverside Court Castle Street Barnstaple Devon EX31 1DR 30 November 2025
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M Latham Joinery Ltd Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
2,260
4,520
Tangible assets
5
311,397
320,658
313,657
325,178
Current assets
Inventories
4,750
4,750
Debtors
6
32,529
75,559
Cash at bank and in hand
294,097
253,503
331,376
333,812
Creditors: amounts falling due within one year
7
(82,745)
(188,855)
Net current assets
248,631
144,957
Total assets less current liabilities
562,288
470,135
Provisions for liabilities
Deferred tax
(8,760)
(10,519)
Net assets
553,528
459,616
Capital and reserves
Called up share capital
8
200
200
Profit and loss account
553,328
459,416
Shareholders' funds
553,528
459,616
For the year ending 31 August 2025 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 November 2025 and were signed on its behalf by
M Latham Director Company Registration No. 10300611
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M Latham Joinery Ltd Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
M Latham Joinery Ltd is a private company, limited by shares, registered in England and Wales, registration number 10300611. The registered office is Suite 2 Riverside Court, Castle Street, Barnstaple, Devon, EX31 1DR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
15% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 September 2024
22,600
At 31 August 2025
22,600
Amortisation
At 1 September 2024
18,080
Charge for the year
2,260
At 31 August 2025
20,340
Net book value
At 31 August 2025
2,260
At 31 August 2024
4,520
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M Latham Joinery Ltd Notes to the Accounts for the year ended 31 August 2025
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2024
265,292
88,181
44,584
14,140
412,197
Additions
-
-
-
533
533
At 31 August 2025
265,292
88,181
44,584
14,673
412,730
Depreciation
At 1 September 2024
-
68,885
16,881
5,773
91,539
Charge for the year
-
3,859
4,155
1,780
9,794
At 31 August 2025
-
72,744
21,036
7,553
101,333
Net book value
At 31 August 2025
265,292
15,437
23,548
7,120
311,397
At 31 August 2024
265,292
19,296
27,703
8,367
320,658
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
25,231
70,122
Accrued income and prepayments
7,298
5,437
32,529
75,559
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
19,233
33,011
Trade creditors
18,495
59,516
Taxes and social security
43,413
45,604
Loans from directors
209
49,414
Accruals
1,395
1,310
82,745
188,855
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
9
Average number of employees
During the year the average number of employees was 6 (2024: 6).
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