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Registered number: 04088751
Norray Joinery Limited
Financial Statements
For The Year Ended 30 November 2025
AEH Accountancy Ltd
Chartered Accountants
The Stables
Church Farm
Willey
Warwickshire
CV23 0SH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04088751
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 149,473 151,981
149,473 151,981
CURRENT ASSETS
Debtors 5 126,629 93,634
126,629 93,634
Creditors: Amounts Falling Due Within One Year 6 (233,194 ) (180,577 )
NET CURRENT ASSETS (LIABILITIES) (106,565 ) (86,943 )
TOTAL ASSETS LESS CURRENT LIABILITIES 42,908 65,038
PROVISIONS FOR LIABILITIES
Deferred Taxation (541 ) (685 )
NET ASSETS 42,367 64,353
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 42,365 64,351
SHAREHOLDERS' FUNDS 42,367 64,353
Page 1
Page 2
For the year ending 30 November 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Alan Liquorish
Director
16th December 2025
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Norray Joinery Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04088751 . The registered office is The White House, 10 Scotland Lane, Houghton On The Hill, Leicestershire, LE7 9GH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 1% Straight Line
Plant & Machinery 25% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Office Equipment 15% Reducing Balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 December 2024 175,000 25,191 62,935 1,307 264,433
As at 30 November 2025 175,000 25,191 62,935 1,307 264,433
Depreciation
As at 1 December 2024 26,625 24,459 60,279 1,089 112,452
Provided during the period 1,750 183 532 43 2,508
As at 30 November 2025 28,375 24,642 60,811 1,132 114,960
Net Book Value
As at 30 November 2025 146,625 549 2,124 175 149,473
As at 1 December 2024 148,375 732 2,656 218 151,981
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 126,629 28,672
Other debtors - 64,962
126,629 93,634
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 40,725 17,915
Bank loans and overdrafts 53,958 17,295
Other creditors 81,750 101,105
Taxation and social security 56,761 44,262
233,194 180,577
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
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