Water Lane Joinery Limited

Water Lane Joinery Limited
Contents Page
For the Period 17 March 2025 to 31 March 2026

Statement of Financial Position	1
Notes to the Financial Statements	2

Water Lane Joinery Limited
Statement of Financial Position
As at 31 March 2026

	Notes	2026 £
Fixed assets
Tangible fixed assets	3	35,464
		35,464
Current assets
Stocks		156,176
Debtors		10,885
Cash at bank and in hand		597
		167,658
Creditors: amount falling due within one year		(144,560)
Net current assets		23,098

Total assets less current liabilities		58,562
Creditors: amount falling due after more than one year		(8,800)
Net assets		49,762

Capital and reserves
Called up share capital	4	100
Profit and loss account		49,662
Shareholders' funds		49,762

For the period ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 09 September 2026 and were signed by:

-------------------------------
William Keeping
Director

1

Water Lane Joinery Limited
Notes to the Abridged Financial Statements
For the Period 17 March 2025 to 31 March 2026

General Information

Water Lane Joinery Limited is a private company, limited by shares, registered in England and Wales, registration number 16320774, registration address 17 Snowfield View , Wirksworth, Matlock, Derbyshire, DE4 4BJ. The trading address of the company is Willowbath Mill, Water Lane, Wirksworth, Derbyshire, DE4 4AA.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	15% Reducing Balance
Motor Vehicles	25% Reducing Balance
Computer Equipment	33% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the period was 7.

3.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
At 17 March 2025	-	-	-	-
Additions	9,270	30,679	2,157	42,106
Disposals	-	-	-	-
At 31 March 2026	9,270	30,679	2,157	42,106
Depreciation
At 17 March 2025	-	-	-	-
Charge for period	410	6,045	187	6,642
On disposals	-	-	-	-
At 31 March 2026	410	6,045	187	6,642
Net book values
Closing balance as at 31 March 2026	8,860	24,634	1,970	35,464
Opening balance as at 17 March 2025	-	-	-	-

4.

Share Capital

Authorised
100 shares of £1.00 each

Allotted, called up and fully paid	2026 £
100 shares of £1.00 each	100
	100

2

Registered Number: 16320774
England and Wales
WATER LANE JOINERY LIMITED

Abridged Accounts

Period of accounts Start date: 17 March 2025 End date: 31 March 2026