Classic Joinery (N.I.) Ltd - Accounts to registrar (filleted) - small 18.2

Classic Joinery (N.I.) Ltd - Accounts to registrar (filleted) - small 18.2

CLASSIC JOINERY (N.I.) LTD - Company Information

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REGISTERED NUMBER: NI643505 (Northern Ireland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2020

FOR

CLASSIC JOINERY (N.I.) LTD
Tanya Mack & Co
Chartered Certified Accountants
Registered Auditors
99 - 101 Central Promenade
Newcastle
Co. Down
BT33 0HH








CLASSIC JOINERY (N.I.) LTD (REGISTERED NUMBER: NI643505)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLASSIC JOINERY (N.I.) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2020







DIRECTOR: Mr S G Brown





SECRETARY:





REGISTERED OFFICE: 99-101 Central Promenade
Newcastle
Co. Down
BT33 0HH





REGISTERED NUMBER: NI643505 (Northern Ireland)





ACCOUNTANTS: Tanya Mack & Co
Chartered Certified Accountants
Registered Auditors
99 - 101 Central Promenade
Newcastle
Co. Down
BT33 0HH
Page 1
CLASSIC JOINERY (N.I.) LTD (REGISTERED NUMBER: NI643505)

BALANCE SHEET
31 JANUARY 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,400 17,600
Tangible assets 5 9,720 14,365
25,120 31,965

CURRENT ASSETS
Stocks 1,100 1,500
Debtors 6 61,863 69,769
Cash at bank 173 2,676
63,136 73,945
CREDITORS
Amounts falling due within one year 7 87,483 105,144
NET CURRENT LIABILITIES (24,347 ) (31,199 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
773
766

RESERVES
Retained earnings 773 766
773 766

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
CLASSIC JOINERY (N.I.) LTD (REGISTERED NUMBER: NI643505)

BALANCE SHEET - continued
31 JANUARY 2020


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 January 2021 and were signed by:





Mr S G Brown - Director


The notes form part of these financial statements

Page 3
CLASSIC JOINERY (N.I.) LTD (REGISTERED NUMBER: NI643505)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2020


1. STATUTORY INFORMATION

Classic Joinery (N.I.) Ltd is a private company, limited by shares , registered in Northern Ireland. 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 0, is being amortised evenly over its estimated useful life of nil 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.

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 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.

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.

Page 4 continued...
CLASSIC JOINERY (N.I.) LTD (REGISTERED NUMBER: NI643505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2020


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2019
and 31 January 2020 22,000
AMORTISATION
At 1 February 2019 4,400
Charge for year 2,200
At 31 January 2020 6,600
NET BOOK VALUE
At 31 January 2020 15,400
At 31 January 2019 17,600

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2019
and 31 January 2020 18,577
DEPRECIATION
At 1 February 2019 4,212
Charge for year 4,645
At 31 January 2020 8,857
NET BOOK VALUE
At 31 January 2020 9,720
At 31 January 2019 14,365

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 37,290 18,228
Other debtors 24,573 51,541
61,863 69,769

Page 5 continued...
CLASSIC JOINERY (N.I.) LTD (REGISTERED NUMBER: NI643505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2020


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 41,683 43,031
Taxation and social security 28,543 36,235
Other creditors 17,257 25,878
87,483 105,144

Page 6