REGISTERED NUMBER: 04096306 (England and Wales)

MICHAEL PEPPER JOINERY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

Mr J J Pepper

REGISTERED OFFICE:

Unit 1C, Trafalgar Park Way

DERBY

DE24 8DX

REGISTERED NUMBER:

04096306 (England and Wales)

ACCOUNTANTS:

Johnson Tidsall Limited

Chartered Accountants

81 Burton Road

Derby

Derbyshire

DE1 1TJ

FIXED ASSETS

Tangible assets

4

339,096

339,094

Investments

5

1

1

339,097

339,095

CURRENT ASSETS

Stocks

6

154,368

103,012

Debtors

7

1,495,049

1,065,068

Cash at bank and in hand

973,441

1,054,043

2,622,858

2,222,123

CREDITORS

Amounts falling due within one year

8

1,031,775

821,732

NET CURRENT ASSETS

1,591,083

1,400,391

TOTAL ASSETS LESS CURRENT LIABILITIES

1,930,180

1,739,486

CREDITORS

Amounts falling due after more than one year

9

(277,842

)

(328,259

)

PROVISIONS FOR LIABILITIES

(84,611

)

-

NET ASSETS

1,567,727

1,411,227

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

1,567,627

1,411,127

SHAREHOLDERS' FUNDS

1,567,727

1,411,227

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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.

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

The financial statements were approved by the director and authorised for issue on 14 July 2026 and were signed by:

Mr J J Pepper - Director

1.	STATUTORY INFORMATION

Michael Pepper Joinery Limited 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.

Turnover

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

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

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

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2024 - 32 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 November 2024

544,096

22,144

67,188

16,565

649,993

Additions

94,589

4,875

-

499

99,963

At 31 October 2025

638,685

27,019

67,188

17,064

749,956

DEPRECIATION

At 1 November 2024

259,453

15,938

27,142

8,366

310,899

Charge for year

85,331

2,465

10,011

2,154

99,961

At 31 October 2025

344,784

18,403

37,153

10,520

410,860

NET BOOK VALUE

At 31 October 2025

293,901

8,616

30,035

6,544

339,096

At 31 October 2024

284,643

6,206

40,046

8,199

339,094

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 November 2024

and 31 October 2025

1

NET BOOK VALUE

At 31 October 2025

1

At 31 October 2024

1

6.

STOCKS

2025

2024

£

£

Stocks

85,191

92,742

Work-in-progress

69,177

10,270

154,368

103,012

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,451,386

946,167

Other debtors

14,990

99,873

Prepayments and accrued income

28,673

19,028

1,495,049

1,065,068

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,667

10,000

Other loans

11,972

11,972

Trade creditors

491,212

324,699

Corporation tax

90,764

142,434

Social security and other taxes

38,840

26,323

VAT

255,648

201,935

Other creditors

25,479

19,884

Accruals and deferred income

111,193

84,485

1,031,775

821,732

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

6,667

Other loans - 1-2 years

11,972

11,972

Other loans - 2-5 years

35,916

35,916

Other loans more 5yrs instal

229,954

273,704

277,842

328,259

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

229,954

273,704

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Between one and five years

59,800

58,800

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

12.	RELATED PARTY DISCLOSURES

As at 31 October 2025 the company owed £289,814 (2024: £333,564) to a connected company. There is a formal agreement in place to repay this loan over 35 years, of which 31 years is remaining at the year end. No interest is charged on this loan.