2-T JOINERS LIMITED

2-T JOINERS LIMITED

2-T JOINERS LIMITED - Company Information

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2-T JOINERS LIMITED

Company Registration Number:
SC475778 (Scotland)

Unaudited abridged accounts for the year ended 30 April 2020

Period of accounts

Start date: 01 May 2019

End date: 30 April 2020

2-T JOINERS LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2020

Balance sheet
Notes

2-T JOINERS LIMITED

Balance sheet

As at 30 April 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 44,260 14,472
Total fixed assets: 44,260 14,472
Current assets
Stocks: 250,000 274,994
Debtors: 4 35,291 150,022
Total current assets: 285,291 425,016
Creditors: amounts falling due within one year: 5 (163,739) (257,495)
Net current assets (liabilities): 121,552 167,521
Total assets less current liabilities: 165,812 181,993
Creditors: amounts falling due after more than one year: 6 (53,954) (53,759)
Provision for liabilities: (2,083) (2,750)
Total net assets (liabilities): 109,775 125,484
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 109,675 125,384
Shareholders funds: 109,775 125,484

The notes form part of these financial statements

2-T JOINERS LIMITED

Balance sheet statements

For the year ending 30 April 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 January 2021
and signed on behalf of the board by:

Name: Mr R W Clark
Status: Director

The notes form part of these financial statements

2-T JOINERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and servicesprovided in the normal course of business , and is shown net of VAT and other sales related taxes . The fairvalue of consideration takes into account trade discounts, settlement discounts and volume rebates.Revenue from contracts for the provision of professional services is recognised by reference to the stageof completion when the stage of completion, costs incurred and costs to complete can be estimatedreliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractualhourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimatedreliably, revenue is recognised only to the extent of the expenses recognised that it is probable will berecover ed .

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net ofdepreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values overtheir useful lives on the following bases:Land and buildings Leasehold: 5% Straight linePlant and machinery: 25% Reducing balanceComputer equipment: 25% Reducing balanceMotor vehicles: 25% Reducing balance

2-T JOINERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

2. Employees

2020 2019
Average number of employees during the period 5 7

2-T JOINERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

3. Tangible Assets

Total
Cost £
At 01 May 2019 34,307
Additions 35,195
At 30 April 2020 69,502
Depreciation
At 01 May 2019 19,835
Charge for year 5,407
At 30 April 2020 25,242
Net book value
At 30 April 2020 44,260
At 30 April 2019 14,472

2-T JOINERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

4. Debtors

Amounts falling due within one year:Trade debtors: Nil (2019: £71,504)Corporation tax recoverable: £261 (2019: Nil)Other debtors: £35,030 (2019: £78,518)

2-T JOINERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

5. Creditors: amounts falling due within one year note

Bank loans and overdrafts: £103,671 (2019: £126,805)Trade creditors: £25,535 (2019: £57,102)Corporation tax: Nil (2019: £10,736)Other taxation and social security: £22,656 (2019: £49,106)Other creditors: £11,877 (2019: £13,746)

2-T JOINERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

6. Creditors: amounts falling due after more than one year note

Bank loans and overdrafts: £53,954 (2019: £49,962)Other creditors: Nil (2019: £3,797)