Joinerysoft Limited - Accounts to registrar (filleted) - small 18.2

Joinerysoft Limited - Accounts to registrar (filleted) - small 18.2

JOINERYSOFT LIMITED - Company Information

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REGISTERED NUMBER: 05823833 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2019

for

Joinerysoft Limited
Joinerysoft Limited (Registered number: 05823833)






Contents of the Financial Statements
for the Year Ended 31 December 2019




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Joinerysoft Limited

Company Information
for the Year Ended 31 December 2019







DIRECTORS: A J Turner
D P Turner
T W Turner
I M Jones





REGISTERED OFFICE: The Island House
Midsomer Norton
Radstock
Somerset
BA3 2DZ





REGISTERED NUMBER: 05823833 (England and Wales)





ACCOUNTANTS: King Watkins Ltd
The Island House
Midsomer Norton
Radstock
Somerset
BA3 2DZ
Page 1
Joinerysoft Limited (Registered number: 05823833)

Abridged Balance Sheet
31 December 2019

31.12.19 31.12.18
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 160,139 161,460
160,139 161,460

CURRENT ASSETS
Debtors 299,893 306,001
Cash at bank and in hand 175,542 28,535
475,435 334,536
CREDITORS
Amounts falling due within one year 332,266 322,040
NET CURRENT ASSETS 143,169 12,496
TOTAL ASSETS LESS CURRENT LIABILITIES 303,308 173,956

CREDITORS
Amounts falling due after more than one year 93,792 91,211
NET ASSETS 209,516 82,745

CAPITAL AND RESERVES
Called up share capital 1,063 1,063
Share premium 424,390 424,390
Retained earnings (215,937 ) (342,708 )
SHAREHOLDERS' FUNDS 209,516 82,745

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2020 and were signed on its behalf by:




A J Turner - Director


The notes form part of these financial statements

Page 2
Joinerysoft Limited (Registered number: 05823833)

Notes to the Financial Statements
for the Year Ended 31 December 2019

1. STATUTORY INFORMATION

Joinerysoft 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.

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.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to
profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2018 - 17 ) .

Page 3 continued...
Joinerysoft Limited (Registered number: 05823833)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2019

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2019
and 31 December 2019 67,000
AMORTISATION
At 1 January 2019
and 31 December 2019 67,000
NET BOOK VALUE

At 31 December 2019 -
At 31 December 2018 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2019 204,020
Additions 3,096
At 31 December 2019 207,116
DEPRECIATION
At 1 January 2019 42,560
Charge for year 4,417
At 31 December 2019 46,977
NET BOOK VALUE
At 31 December 2019 160,139
At 31 December 2018 161,460

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 December 2019 the company owed directors £2,679 (2018: £11,511)

7. RELATED PARTY DISCLOSURES

Mr A Turner, Mr T Turner and Mr D Turner are also Directors of Somcom Ltd.

As at 31 December 2019 Somcom owed Joinerysoft £0 (2018: £0).

As at 31 December 2019 Joinerysoft owed Somcom £93,792 (2018: £91,211).

The company trades from premises owned by the directors and paid rent of £44,425 during the year.

8. ULTIMATE CONTROLLING PARTY

The company is not under the control of any one individual.

Page 4