James Coulson Joinery Ltd

James Coulson Joinery Ltd
Statement of Financial Position
As at 31 January 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	26,339	16,788
		26,339	16,788
Current assets
Debtors	4	54,120	60,677
Cash at bank and in hand		4,362	754
		58,482	61,431
Creditors: amount falling due within one year	5	(20,059)	(23,748)
Net current assets		38,423	37,683

Total assets less current liabilities		64,762	54,471
Creditors: amount falling due after more than one year	6	(49,574)	(42,181)
Provisions for liabilities	7	(4,002)	(4,002)
Net assets		11,186	8,288

Capital and reserves
Called up share capital	8	1	1
Profit and loss account		11,185	8,287
Shareholders' funds		11,186	8,288

For the year ended 31 January 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 year 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 financial statements were approved by the director on 24 September 2026 and were signed by:

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James George Coulson
Director

James Coulson Joinery Ltd
Notes to the Financial Statements
For the year ended 31 January 2026

General Information

James Coulson Joinery Ltd is a private company, limited by shares, registered in England and Wales, registration number 11776273, registration address Penny Lane Business Centre, 374 Smithdown Road, Liverpool, Merseyside, L15 5AN.

The presentation currency is £ sterling.

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

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

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:

Fixtures and Fittings	25% Reducing Balance
Motor Vehicles	25% Reducing Balance

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 year was 3 (2025 : 2).

Tangible fixed assets

Cost or valuation	Motor Vehicles	Fixtures and Fittings	Total
	£	£	£
At 01 February 2025	39,302	9,182	48,484
Additions	17,003	1,328	18,331
Disposals	-	-	-
At 31 January 2026	56,305	10,510	66,815
Depreciation
At 01 February 2025	27,234	4,462	31,696
Charge for year	7,268	1,512	8,780
On disposals	-	-	-
At 31 January 2026	34,502	5,974	40,476
Net book values
Closing balance as at 31 January 2026	21,803	4,536	26,339
Opening balance as at 01 February 2025	12,068	4,720	16,788

Debtors: amounts falling due within one year

	2026 £	2025 £
Trade Debtors	18,300	27,798
Other Debtors	35,191	32,879
Corporation Tax	629	-
	54,120	60,677

Creditors: amount falling due within one year

	2026 £	2025 £
Trade Creditors	275	1,774
Corporation Tax	-	1,164
PAYE & Social Security	588	-
Accrued Expenses	891	891
Directors' Current Accounts	18,305	19,919
	20,059	23,748

Creditors: amount falling due after more than one year

	2026 £	2025 £
Bank Loans & Overdrafts	28,561	34,030
Obligations Under HP/Financial Leases	21,013	8,151
	49,574	42,181

Provisions for liabilities

	2026 £		2025 £
Deferred Tax	4,002		4,002
	4,002		4,002

Share Capital

Authorised
1 Ordinary share of £1.00 each

Allotted, called up and fully paid	2026 £		2025 £
1 Ordinary share of £1.00 each	1		1
	1		1