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Company Registration No. 14404889 (England and Wales)
The Jointworks Ltd Unaudited accounts for the year ended 31 October 2025
The Jointworks Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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The Jointworks Ltd Company Information for the year ended 31 October 2025
Director
Andrew John Hartwell
Company Number
14404889 (England and Wales)
Registered Office
The Jointworks 45 Frederick Street Birmingham B1 3HN
Accountants
R M Accountancy Services Ltd The Old Post Office 137-139 Long Street Dordon Staffordshire B78 1SH
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The Jointworks Ltd Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
10,855
6,634
Tangible assets
5
11,318
1,570
22,173
8,204
Current assets
Debtors
6
34,244
63,504
Cash at bank and in hand
10,183
26,667
44,427
90,171
Creditors: amounts falling due within one year
7
(100,193)
(60,014)
Net current (liabilities)/assets
(55,766)
30,157
Total assets less current liabilities
(33,593)
38,361
Creditors: amounts falling due after more than one year
8
(107,500)
(91,500)
Net liabilities
(141,093)
(53,139)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(141,193)
(53,239)
Shareholders' funds
(141,093)
(53,139)
For the year ending 31 October 2025 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 director acknowledges his 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 and authorised for issue on 15 June 2026 and were signed on its behalf by
Andrew John Hartwell Director Company Registration No. 14404889
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The Jointworks Ltd Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
The Jointworks Ltd is a private company, limited by shares, registered in England and Wales, registration number 14404889. The registered office is The Jointworks, 45 Frederick Street, Birmingham, B1 3HN.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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% straight line
Going concern
The financial statements have been prepared on a going concern basis. At the balance sheet date, the company had net liabilities of £141,093. The company has received continued financial support from Substrakt Limited, a company under common control, which has provided funding of £106,252. These amounts are included within the creditors liabilities. The director has confirmed that Substrakt Limited will continue to provide financial support to the company for the foreseeable future and will not seek repayment of the amounts owed where doing so would prejudice the company’s ability to meet its liabilities as they fall due. Based on this support and expected future trading performance, the director considers it appropriate to prepare the financial statements on a going concern basis.
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The Jointworks Ltd Notes to the Accounts for the year ended 31 October 2025
4
Intangible fixed assets
Other
£
Cost
At 1 November 2024
8,293
Additions
7,350
At 31 October 2025
15,643
Amortisation
At 1 November 2024
1,659
Charge for the year
3,129
At 31 October 2025
4,788
Net book value
At 31 October 2025
10,855
At 31 October 2024
6,634
5
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 November 2024
2,094
Additions
13,695
At 31 October 2025
15,789
Depreciation
At 1 November 2024
524
Charge for the year
3,947
At 31 October 2025
4,471
Net book value
At 31 October 2025
11,318
At 31 October 2024
1,570
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
(1,745)
15,155
Trade debtors
5,318
6,682
Accrued income and prepayments
5,671
16,667
Other debtors
25,000
25,000
34,244
63,504
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The Jointworks Ltd Notes to the Accounts for the year ended 31 October 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
52,202
36,500
Taxes and social security
683
-
Other creditors
52,498
22,501
Loans from directors
(5,190)
(5,190)
Accruals
-
6,203
100,193
60,014
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
107,500
91,500
9
Transactions with related parties
During the year, the company received additional loans of £30,000 from Substrakt Limited, a company under common control through the director and sole shareholder, Andrew Hartwell. At the balance sheet date, £52,502 (2024: £22,502) was owed to Substrakt Limited and was included within creditors falling due within one year. The balance is unsecured, interest-free and repayable on demand. The company also had a long-term loan from Substrakt Limited. At the balance sheet date, the amount outstanding was £53,750 (2024: £50,750) and was included within creditors falling due after more than one year. The loan is unsecured and is not repayable within one year. The total amount owed to Substrakt Limited at the balance sheet date was therefore £106,252 (2024: £73,252). No guarantees were given or received in respect of these balances.
10
Average number of employees
During the year the average number of employees was 1 (2024: 0).
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