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Company Registration No. 12519026 (England and Wales)
Compound Joinery Ltd Unaudited accounts for the year ended 31 March 2026
Compound Joinery Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Compound Joinery Ltd Company Information for the year ended 31 March 2026
Directors
Mr A Irvine Mr M Wood
Company Number
12519026 (England and Wales)
Registered Office
2 GRESFORD CLOSE HEBBURN NE31 2BL ENGLAND
Accountants
Genesis Accountants 0-2-40 The Grainger Suite Dobson House Regent Farm Road Newcastle Upon Tyne NE3 3PF
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Compound Joinery Ltd Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
66,322
88,430
Current assets
Debtors
5
37,558
22,653
Cash at bank and in hand
19,260
5,337
56,818
27,990
Creditors: amounts falling due within one year
6
(117,046)
(108,658)
Net current liabilities
(60,228)
(80,668)
Net assets
6,094
7,762
Capital and reserves
Called up share capital
124
124
Profit and loss account
5,970
7,638
Shareholders' funds
6,094
7,762
For the year ending 31 March 2026 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 8 April 2026 and were signed on its behalf by
Mr A Irvine Director Company Registration No. 12519026
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Compound Joinery Ltd Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Compound Joinery Ltd is a private company, limited by shares, registered in England and Wales, registration number 12519026. The registered office is 2 GRESFORD CLOSE, HEBBURN, NE31 2BL, ENGLAND.
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
25% Reducing Balance
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2025
50,683
131,494
182,177
At 31 March 2026
50,683
131,494
182,177
Depreciation
At 1 April 2025
30,060
63,687
93,747
Charge for the year
5,156
16,952
22,108
At 31 March 2026
35,216
80,639
115,855
Net book value
At 31 March 2026
15,467
50,855
66,322
At 31 March 2025
20,623
67,807
88,430
5
Debtors
2026
2025
£
£
Amounts falling due within one year
VAT
3
11,321
Other debtors
37,555
11,332
37,558
22,653
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Compound Joinery Ltd Notes to the Accounts for the year ended 31 March 2026
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
22,150
-
Obligations under finance leases and hire purchase contracts
14,617
29,278
Trade creditors
19,570
18,650
Taxes and social security
31,111
22,392
Other creditors
201
-
Loans from directors
(1,853)
19,688
Accruals
31,250
18,650
117,046
108,658
7
Average number of employees
During the year the average number of employees was 5 (2025: 5).
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