BANN JOINERY LTD


Director	JJ MCAULEY


Registered Address	9 Sauchiebank
	Edinburgh
	EH11 2NN


Registered Number	SC448341 (Scotland)

Balance Sheet as at
30 April 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	4		135,266		147,521
			135,266		147,521
Current assets
Stocks	5	137,900		153,300
Debtors	6	103,524		170,738
Cash at bank and on hand		161,419		74,627
		402,843		398,665
Creditors amounts falling due within one year	7	(344,401)		(301,697)
Net current assets (liabilities)			58,442		96,968
Total assets less current liabilities			193,708		244,489
Creditors amounts falling due after one year	8		(61,775)		(68,573)
Net assets			131,933		175,916
Capital and reserves
Called up share capital			1		1
Profit and loss account			131,932		175,915
Shareholders' funds			131,933		175,916

The company was entitled to exemption from audit for this reporting period 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 5 August 2026, and are signed on its behalf by:

JJ MCAULEY
Director
Registered Company No. SC448341

BANN JOINERY LTD

Notes to the Financial Statements
for the year ended 30 April 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

	Government grants or assistance
	Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Government grants or assistance

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	14		9

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 May 25	15,000	15,000
At 30 April 26	15,000	15,000
Amortisation and impairment
At 01 May 25	15,000	15,000
At 30 April 26	15,000	15,000
Net book value
At 30 April 26	-	-
At 30 April 25	-	-

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Total
	£	£	£
Cost or valuation
At 01 May 25	25,073	212,956	238,029
Additions	-	42,998	42,998
Disposals	-	(16,097)	(16,097)
At 30 April 26	25,073	239,857	264,930
Depreciation and impairment
At 01 May 25	13,512	76,996	90,508
Charge for year	3,351	43,271	46,622
On disposals	-	(7,466)	(7,466)
At 30 April 26	16,863	112,801	129,664
Net book value
At 30 April 26	8,210	127,056	135,266
At 30 April 25	11,561	135,960	147,521

5.	Stocks

	2026	2025
	£	£
Work in progress	132,900	148,300
Other stocks	5,000	5,000
Total	137,900	153,300

6.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	-	49,423
Amounts owed by group undertakings	88,552	88,064
Other debtors	1,563	1,360
Prepayments and accrued income	13,409	31,891
Total	103,524	170,738

7.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	171,699	181,324
Taxation and social security	144,915	107,647
Other creditors	3,367	5,286
Accrued liabilities and deferred income	24,420	7,440
Total	344,401	301,697

8.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	21,597	27,111
Other creditors	40,178	41,462
Total	61,775	68,573

9.	Obligations under finance leases

		2026		2025
		£		£
	Finance lease and HP contracts	40,179		41,463