Eastfield Building & Joinery Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07243146 (England and Wales)

Eastfield Building & Joinery Limited

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C Johnson

Mrs C Johnson

REGISTERED OFFICE:

9 Market Place

Hedon

East Yorkshire

HU12 8JA

REGISTERED NUMBER:

07243146 (England and Wales)

ACCOUNTANTS:

Southgates

Chartered Certified Accountants

9 Market Place

Hedon

East Yorkshire

HU12 8JA

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

2,328

3,131

2,328

3,131

CURRENT ASSETS

Stocks

6

100

Debtors

7

13,769

4,090

Cash at bank

732

845

14,601

5,035

CREDITORS

Amounts falling due within one year

8

61,787

56,097

NET CURRENT LIABILITIES

(47,186

)

(51,062

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(44,858

)

(47,931

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(44,958

)

(48,031

)

SHAREHOLDERS' FUNDS

(44,858

)

(47,931

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 July 2026 and were signed on its behalf by:

Mr C Johnson - Director

1.	STATUTORY INFORMATION

Eastfield Building & 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Office equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 2 (2025 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2025

and 31 May 2026

15,000

AMORTISATION

At 1 June 2025

and 31 May 2026

15,000

NET BOOK VALUE

At 31 May 2026

-

At 31 May 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

Office

machinery

equipment

Totals

£

COST

At 1 June 2025

and 31 May 2026

11,846

1,369

13,215

DEPRECIATION

At 1 June 2025

9,179

905

10,084

Charge for year

666

137

803

At 31 May 2026

9,845

1,042

10,887

NET BOOK VALUE

At 31 May 2026

2,001

327

2,328

At 31 May 2025

2,667

464

3,131

6.

STOCKS

2026

2025

£

Stocks

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

11,650

2,500

VAT

-

244

Prepayments

2,119

1,346

13,769

4,090

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

456

573

Social security and other taxes

-

263

VAT

609

-

Credit card

746

614

Directors' current accounts

58,203

52,881

Accruals

1,773

1,766

61,787

56,097

9.	LEASING AGREEMENTS

At 31 May 2026 the company had annual commitments under non-cancellable
operating leases:

2026

2025

£

Within one year

675

4,051

Between one and five years

-

675

4,726

10.	GOING CONCERN

At the balance sheet date the balance sheet shows negative shareholders funds of £44,858. The applicability of going concern is dependent on upon the continued support of the directors. There are no indications that this support will cease.