Company No: 04799219 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	35,494		32,693
		35,494		32,693
Current assets
Stocks	5	10,959		38,515
Debtors	6	37,049		22,602
Cash at bank and in hand		71,404		62,864
		119,412		123,981
Creditors: amounts falling due within one year	7	( 63,802)		( 71,865)
Net current assets		55,610		52,116
Total assets less current liabilities		91,104		84,809
Creditors: amounts falling due after more than one year	8	( 3,858)		( 16,873)
Provision for liabilities		( 6,743)		( 6,168)
Net assets		80,503		61,768
Capital and reserves
Called-up share capital	9	500		500
Capital redemption reserve		500		500
Profit and loss account		79,503		60,768
Total shareholder's funds		80,503		61,768

For the financial year ending 30 September 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Mandeville Joinery Limited (registered number: 04799219) were approved and authorised for issue by the Director on 09 June 2026. They were signed on its behalf by:

Mr P J Taylor Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Mandeville Joinery Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 4 Townsend Buildings, Melbury Osmond, DT2 0LP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates, and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured
It is probable that future economic benefits will flow to the entity
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery	33 % reducing balance
Vehicles	25 % reducing balance
Office equipment	20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid to pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	8		7

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 October 2024	12,000		12,000
At 30 September 2025	12,000		12,000
Accumulated amortisation
At 01 October 2024	12,000		12,000
At 30 September 2025	12,000		12,000
Net book value
At 30 September 2025	0		0
At 30 September 2024	0		0

4. Tangible assets

	Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£
Cost
At 01 October 2024	140,655		13,600		5,700		159,955
Additions	117		15,850		492		16,459
At 30 September 2025	140,772		29,450		6,192		176,414
Accumulated depreciation
At 01 October 2024	113,577		9,297		4,388		127,262
Charge for the financial year	8,962		4,378		318		13,658
At 30 September 2025	122,539		13,675		4,706		140,920
Net book value
At 30 September 2025	18,233		15,775		1,486		35,494
At 30 September 2024	27,078		4,303		1,312		32,693

5. Stocks

	2025		2024
	£		£
Stocks	2,580		2,880
Work in progress	8,379		35,635
	10,959		38,515

6. Debtors

	2025		2024
	£		£
Trade debtors	27,740		20,966
Other debtors	9,309		1,636
	37,049		22,602

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	7,500		10,000
Trade creditors	3,019		6,438
Taxation and social security	22,756		23,097
Other creditors	30,527		32,330
	63,802		71,865

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	0		7,500
Other creditors	3,858		9,373
	3,858		16,873

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
500 Ordinary A shares of £ 1.00 each	500		500