Registration number: 7883261

Custom Joinery Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 9

Custom Joinery Limited

Company Information

Director

Mr Clive Watton

Registered office

5 Simmonds Place Kingsmill Industrial Estate Cullompton Devon EX15 1BH

Accountants

Neil Wilson & Co Chartered Accountants Bank Chambers 260-262 Union Street Torquay Devon TQ2 5QU

Custom Joinery Limited

(Registration number: 7883261)
Balance Sheet as at 30 April 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	11,553	12,445
Current assets
Stocks	6	17,800	24,500
Cash at bank and in hand		103,329	103,423
		121,129	127,923
Creditors: Amounts falling due within one year	7	(75,917)	(90,145)
Net current assets		45,212	37,778
Total assets less current liabilities		56,765	50,223
Provisions for liabilities		(2,584)	(2,584)
Net assets		54,181	47,639
Capital and reserves
Called up share capital	8	1	1
Retained earnings		54,180	47,638
Shareholders' funds		54,181	47,639

For the financial year ending 30 April 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; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 September 2026
 

......................................... Mr Clive Watton Director

Custom Joinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5 Simmonds Place
Kingsmill Industrial Estate
Cullompton
Devon
EX15 1BH
England

These financial statements were authorised for issue by the director on 10 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Custom Joinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance
Plant and machinery	20% reducing balance
Office equipment	20% reducing balance
Leasehold improvements	20% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Custom Joinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2025 - 2).

Custom Joinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 May 2025	10,000	10,000
At 30 April 2026	10,000	10,000
Amortisation
At 1 May 2025	10,000	10,000
At 30 April 2026	10,000	10,000
Carrying amount
At 30 April 2026	-	-

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £
Cost or valuation
At 1 May 2025	6,507	2,429	3,000	60,881
Additions	-	-	-	2,000
At 30 April 2026	6,507	2,429	3,000	62,881
Depreciation
At 1 May 2025	6,507	2,096	2,949	48,820
Charge for the year	-	67	-	2,812
Eliminated on disposal	-	-	13	-
At 30 April 2026	6,507	2,163	2,962	51,632
Carrying amount
At 30 April 2026	-	266	38	11,249
At 30 April 2025	-	333	51	12,061

Custom Joinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

	Total £
Cost or valuation
At 1 May 2025	72,817
Additions	2,000
At 30 April 2026	74,817
Depreciation
At 1 May 2025	60,372
Charge for the year	2,879
Eliminated on disposal	13
At 30 April 2026	63,264
Carrying amount
At 30 April 2026	11,553
At 30 April 2025	12,445

Included within the net book value of land and buildings above is £Nil (2025 - £Nil) in respect of long leasehold land and buildings.
 

6

Stocks

	2026 £	2025 £
Work in progress	13,800	20,000
Other inventories	4,000	4,500
	17,800	24,500

Custom Joinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	9	592	4,857
Taxation and social security		3,528	7,208
Accruals and deferred income		950	875
Other creditors		70,847	77,205
		75,917	90,145

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	1	1	1	1

9	Loans and borrowings

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	592	4,472
Hire purchase contracts	-	385
	592	4,857

10

Dividends

		2026		2025
		£		£
Interim dividend of £500.00 (2025 - £500.00) per ordinary share		500		500

Custom Joinery Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

11	Related party transactions

Transactions with the director

2026	At 1 May 2025 £	Repayments by director £	At 30 April 2026 £
Mr Clive Watton
Director loan	(67,205)	(3,642)	(70,847)

2025	At 1 May 2024 £	Advances to director £	At 30 April 2025 £
Mr Clive Watton
Director loan	(69,632)	2,427	(67,205)

Director's remuneration

The director's remuneration for the year was as follows:

	2026 £	2025 £
Remuneration	12,570	12,570

Dividends paid to the director

		2026 £		2025 £
Mr Clive Watton
Clive Watton		500		500