K. & D. Joinery Limited

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04313110

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	3		690,950		806,706

			690,950		806,706
CURRENT ASSETS
Stocks	4	583,869		358,016
Debtors	5	1,410,791		2,020,380
Cash at bank and in hand		1,246,163		940,962

		3,240,823		3,319,358
Creditors: Amounts Falling Due Within One Year	6	(845,133 )		(932,811 )

NET CURRENT ASSETS (LIABILITIES)			2,395,690		2,386,547

TOTAL ASSETS LESS CURRENT LIABILITIES			3,086,640		3,193,253

Creditors: Amounts Falling Due After More Than One Year	7		(32,946 )		(117,344 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(91,743 )		(114,500 )

NET ASSETS			2,961,951		2,961,409

CAPITAL AND RESERVES
Called up share capital	9		121		121
Profit and Loss Account			2,961,830		2,961,288

SHAREHOLDERS' FUNDS			2,961,951		2,961,409

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K. & D. Joinery Limited

Balance Sheet (continued)

As At 31 March 2026

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr L Kearns

Director

19th May 2026

The notes on pages 3 to 5 form part of these financial statements.

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

1.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	5% straight line
Plant & Machinery	12.5%, 15% & 25% per annum, reducing balance basis
Motor Vehicles	25% per annum, reducing balance basis

1.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

1.5. 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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

1.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

...CONTINUED

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K. & D. Joinery Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

1.6. Taxation - continued

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 96 (2025: 101)

3. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 April 2025	415,585	1,115,462	513,203	2,044,250
Disposals	-	-	(34,840 )	(34,840 )

As at 31 March 2026	415,585	1,115,462	478,363	2,009,410

Depreciation
As at 1 April 2025	131,312	806,825	299,407	1,237,544
Provided during the period	20,780	39,235	52,688	112,703
Disposals	-	-	(31,787 )	(31,787 )

As at 31 March 2026	152,092	846,060	320,308	1,318,460

Net Book Value
As at 31 March 2026	263,493	269,402	158,055	690,950

As at 1 April 2025	284,273	308,637	213,796	806,706

4. Stocks

	2026	2025
	£	£
Stock	583,869	358,016

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	1,152,514	916,090
Amounts recoverable on contracts	61,497	867,062
Other debtors	196,780	237,228

	1,410,791	2,020,380

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K. & D. Joinery Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	84,158	108,588
Trade creditors	517,965	640,109
Other creditors	33,929	31,812
Taxation and social security	209,081	152,302

	845,133	932,811

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	32,946	117,344

	32,946	117,344

8. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The maturity of these amounts is as follows:
Within one year	84,158	108,588
Between one and five years	32,946	117,344

	117,104	225,932

	117,104	225,932

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	121	121

	Value	Number	2026	2025
Allotted, called up and fully paid	£		£	£
Ordinary Shares	1.00	1	1	1

Ordinary A shares	1.00	120	120	120




		121	121	121

10. General Information

K. & D. Joinery Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04313110 . The registered office is 9 Limes Road, Beckenham, Kent, BR3 6NS.

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