Company registration number 1103584 (England and Wales)
NOTTAGE JOINERY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
NOTTAGE JOINERY LIMITED
COMPANY INFORMATION
Directors
Mr S J Fry
Mr L S Evans
Secretary
Mrs E Fry
Company number
1103584
Registered office
Court House
Court Road
Bridgend
Wales
CF31 1BE
Accountants
Xeinadin South Wales & West Limited
Court House
Court Road
Bridgend
CF31 1BE
NOTTAGE JOINERY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 8
NOTTAGE JOINERY LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2025
31 October 2025
- 1 -
31 October 2025
30 October 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
438,110
445,761
Current assets
Stocks
79,637
80,164
Debtors
4
92,538
82,561
Cash at bank and in hand
240,304
349,445
412,479
512,170
Creditors: amounts falling due within one year
5
(362,815)
(377,551)
Net current assets
49,664
134,619
Total assets less current liabilities
487,774
580,380
Provisions for liabilities
6
(29,056)
(38,232)
Net assets
458,718
542,148
Capital and reserves
Called up share capital
5,000
5,000
Revaluation reserve
48,136
49,206
Distributable profit and loss reserves
405,582
487,942
Total equity
458,718
542,148

The notes on pages 4 to 8 form part of these financial statements.

NOTTAGE JOINERY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2025
31 October 2025
- 2 -

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 1 July 2026 and are signed on its behalf by:
Mr S J Fry
Director
Company registration number 1103584 (England and Wales)
NOTTAGE JOINERY LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2025
- 3 -
Share capital
Revaluation reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 November 2023
5,000
50,276
463,250
518,526
Year ended 31 October 2024:
Profit and total comprehensive income
-
-
58,622
58,622
Dividends
-
-
(35,000)
(35,000)
Other movements
-
(1,070)
1,070
-
Balance at 31 October 2024
5,000
49,206
487,942
542,148
Year ended 31 October 2025:
Loss and total comprehensive income
-
-
(48,430)
(48,430)
Dividends
-
-
(35,000)
(35,000)
Other movements
-
(1,070)
1,070
-
Balance at 31 October 2025
5,000
48,136
405,582
458,718

The notes on pages 4 to 8 form part of these financial statements.

NOTTAGE JOINERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
- 4 -
1
Accounting policies
Company information

Nottage Joinery Limited is a private company limited by shares incorporated in England and Wales. The registered office is Court House, Court Road, Bridgend, Wales, CF31 1BE.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% on cost
Plant and machinery
15% on cost
Computers
15% on cost
Motor vehicles
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and net realisable value. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

NOTTAGE JOINERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 5 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

NOTTAGE JOINERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Retirement benefits

The company operates an auto-enrolment pension scheme. Contributions payable to the company's pension scheme are charged to the profit or loss in the period to which they relate.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
22
22
3
Tangible fixed assets
Freehold land and buildings
Plant and machinery
Computers
Motor vehicles
Total
£
£
£
£
£
Cost or valuation
At 1 November 2024
337,174
344,785
34,885
280,880
997,724
Additions
18,973
28,121
-
0
26,994
74,088
At 31 October 2025
356,147
372,906
34,885
307,874
1,071,812
Depreciation and impairment
At 1 November 2024
92,636
273,520
26,726
159,081
551,963
Depreciation charged in the year
6,693
17,834
3,677
53,535
81,739
At 31 October 2025
99,329
291,354
30,403
212,616
633,702
Carrying amount
At 31 October 2025
256,818
81,552
4,482
95,258
438,110
At 31 October 2024
244,538
71,265
8,159
121,799
445,761
NOTTAGE JOINERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
3
Tangible fixed assets
(Continued)
- 7 -

Land and buildings with a carrying amount of 1992-01-01£256,818 were revalued in 1992.

The following assets are carried at valuation. If the assets were measured using the cost model, the carrying amounts would be as follows:

Freehold Property
2025
2024
£
£
Cost
302,661
283,688
Accumulated depreciation
(85,345)
(79,722)
Carrying value
217,316
203,966
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
14,729
32,092
Other debtors
77,809
50,469
92,538
82,561
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
272,414
258,423
Corporation tax
-
0
43,698
Other taxation and social security
65,064
54,869
Other creditors
10,511
9,749
Accruals and deferred income
14,826
10,812
362,815
377,551
6
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
7
29,056
38,232
NOTTAGE JOINERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 8 -
7
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
30,242
38,232
Tax losses
(1,186)
-
29,056
38,232
2025
Movements in the year:
£
Liability at 1 November 2024
38,232
Credit to profit or loss
(9,176)
Liability at 31 October 2025
29,056
8
Related party transactions
Transactions with related parties

During the previous accounting period a loan of £17,000 was made to an employee, and mother to the director. The loan is interest free, unsecured and repaid monthly via payroll.

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due from related parties
£
£
Other related parties
12,200
15,800
9
Directors' transactions

Amounts due from / to the directors are repayable on demand.

Dividends totalling £35,000 (2024 - £35,000) were paid in the year in respect of shares held by the company's directors.

Advances
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Mr S J Fry -
3.75
34,669
72,775
1,410
(43,245)
65,609
34,669
72,775
1,410
(43,245)
65,609
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