W D Joinery Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 04622989 (England and Wales)

W D JOINERY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

W B W Daniel

SECRETARY:

Ms S Trew

REGISTERED OFFICE:

37 Mill Street

Bideford

DEVON

EX39 2JJ

REGISTERED NUMBER:

04622989 (England and Wales)

ACCOUNTANTS:

Jane Maynard Limited

T/A Maynard Johns

37 Mill Street

Bideford

DEVON

EX39 2JJ

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

11,559

19,096

Investments

6

9

11,568

19,105

CURRENT ASSETS

Stocks

18,802

18,873

Debtors

746,589

233,173

Cash at bank

320,562

822,519

1,085,953

1,074,565

CREDITORS

Amounts falling due within one year

(75,509

)

(113,033

)

NET CURRENT ASSETS

1,010,444

961,532

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,022,012

980,637

PROVISIONS FOR LIABILITIES

(1,696

)

(2,964

)

NET ASSETS

1,020,316

977,673

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

1,020,314

977,671

SHAREHOLDERS' FUNDS

1,020,316

977,673

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2026 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 June 2026 and were signed by:

W B W Daniel - Director

1.	STATUTORY INFORMATION

W D Joinery Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, has been fully amortised over its useful life of 20 years.

Tangible fixed assets

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

Leasehold Improvements

-

10% on cost

Plant and machinery etc

-

33% on cost, 25% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

Amounts recoverable on contracts

Amounts recoverable on contracts, which are included in debtors, are stated at the net sales value of the work done after provisions for contingencies and anticipated future losses on contracts, less amount received as progress payments on account. Excess progress payments are included in creditors as payments received on account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2025 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2025

and 28 February 2026

55,000

AMORTISATION

At 1 March 2025

and 28 February 2026

55,000

NET BOOK VALUE

At 28 February 2026

-

At 28 February 2025

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2025

210,270

Disposals

(5,315

)

At 28 February 2026

204,955

DEPRECIATION

At 1 March 2025

191,174

Charge for year

7,317

Eliminated on disposal

(5,095

)

At 28 February 2026

193,396

NET BOOK VALUE

At 28 February 2026

11,559

At 28 February 2025

19,096

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1 March 2025

and 28 February 2026

9

NET BOOK VALUE

At 28 February 2026

9

At 28 February 2025

9

Cost or valuation at 28 February 2026 is represented by:

Totals

£

Valuation in 2026

9

If Fixed asset investments had not been revalued they would have been included at the following historical cost:

2026

2025

£

Cost

9

Fixed asset investments were valued on an open market basis on 5 April 2026 by Transact .

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2026 and 28 February 2025:

2026

2025

£

W B W Daniel

Balance outstanding at start of year

-

Amounts advanced

650,985

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

650,985

-

The company charged interest on the loan to the directors at a rate of 2.25% per annum to 5 April 2025 and 3.75% per annum thereafter. As at the year end the interest unpaid was £9,820.