Accounts filed on 30-09-2021

Accounts filed on 30-09-2021

PROWOOD JOINERY LIMITED - Company Information

Print Friendly Version

8615693falseBespoke manufacturers and Joiners2020-10-012021-09-30http://www.companieshouse.gov.uk/2020-09-30http://www.companieshouse.gov.uk/pt:PlantMachinery2020-09-30http://www.companieshouse.gov.uk/pt:ShareCapital2020-09-30http://www.companieshouse.gov.uk/cd:Director12020-10-012021-09-30http://www.companieshouse.gov.uk/pt:PlantMachinery2021-09-30http://www.companieshouse.gov.uk/pt:ShareCapital2021-09-30http://www.companieshouse.gov.uk/cd:Director22020-10-012021-09-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2020-09-30http://www.companieshouse.gov.uk/cd:Director32020-10-012021-09-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2020-09-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2021-09-30http://www.companieshouse.gov.uk/cd:Director42020-10-012021-09-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12020-10-012021-09-30http://www.companieshouse.gov.uk/pt:MotorCars2020-09-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2021-09-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2020-10-012021-09-30http://www.companieshouse.gov.uk/pt:MotorCars2021-09-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2020-10-012021-09-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2021-09-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2020-09-30http://www.companieshouse.gov.uk/2020-10-012021-09-30http://www.companieshouse.gov.uk/2020-09-30http://www.companieshouse.gov.uk/cd:FRS1022020-10-012021-09-30http://www.companieshouse.gov.uk/2021-09-30http://www.companieshouse.gov.uk/cd:FullAccounts2020-10-012021-09-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2020-10-012021-09-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 8615693
Prowood Joinery Ltd
ACCOUNTS
FOR THE YEAR ENDED 30/09/2021
Prepared By:
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY
Prowood Joinery Ltd
ACCOUNTS
FOR THE YEAR ENDED 30/09/2021
DIRECTORS
D W Burdett
S Woolley
M S Hughes
M L Smith
REGISTERED OFFICE
205 Outgang Lane
Dinnington
Sheffield
S25 3QY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 8615693
BANKERS
Coutts & Co
ACCOUNTANTS
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY
Prowood Joinery Ltd
ACCOUNTS
FOR THEYEARENDED30/09/2021
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Prowood Joinery Ltd
BALANCE SHEET AT 30/09/2021
20212020
Notes££
FIXED ASSETS
Tangible assets312,80127,226
Investment Assets420,00020,000
32,80147,226
CURRENT ASSETS
Stock24,5266,695
Debtors6260,247160,123
Cash at bank and in hand61,49965,189
346,272232,007
CREDITORS: Amounts falling due within one year7276,424208,994
NET CURRENT ASSETS69,84823,013
TOTAL ASSETS LESS CURRENT LIABILITIES102,64970,239
NET ASSETS102,64970,239
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account102,54970,139
SHAREHOLDERS' FUNDS102,64970,239
Prowood Joinery Ltd
BALANCE SHEET AT 30/09/2021
For the year ending 30/09/2021 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 15/06/2022 and signed on their behalf by
.............................
S Woolley
Director
.............................
D Burdett
Prowood Joinery Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/09/2021
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 25%
Fixtures and Fittingsstraight line 25%
Equipmentstraight line 25%
Motor Carsstraight line 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
Prowood Joinery Ltd
2. EMPLOYEES
20212020
No.No.
Average number of employees1010
3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsEquipmentMotor CarsTotal
£££££
Cost
At 01/10/202055,2351,80469534,48592,219
At 30/09/202155,2351,80469534,48592,219
Depreciation
At 01/10/202033,95590235229,78464,993
For the year9,1584511154,70114,425
At 30/09/202143,1131,35346734,48579,418
Net Book Amounts
At 30/09/202112,122451228-12,801
At 30/09/202021,2809023434,70127,226
4. FINANCIAL ASSETS
Other
InvestmentsTotal
££
Cost
At 01/10/202020,00020,000
At 30/09/202120,00020,000
Amortisation
Net Book Amounts
At 30/09/202120,00020,000
At 30/09/202020,00020,000
5. STOCK 20212020
££
Stock comprises:
Stock24,5266,695
24,5266,695
Prowood Joinery Ltd
6. DEBTORS 20212020
££
Amounts falling due within one year
Trade debtors223,283123,421
Other debtors8,3735,373
Amounts due from Subsidiary Company23,60323,603
Prepayments4,9884,943
Deferred taxation-2,783
260,247160,123
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20212020
££
UK corporation tax34,48719,180
VAT11,48411,853
PAYE control5,9325,113
Directors current account - DB40,50019,500
Directors current account - SW58,80038,000
Directors current account - MH32,00018,000
Directors current account - MS32,00018,000
Hire purchase-5,208
Trade creditors26,85027,348
Pension schemes954763
Accruals33,41746,029
276,424208,994
8. PROVISIONS FOR LIABILITIES 20212020
££
Deferred taxation-(2,783)
Prowood Joinery Ltd
9. SHARE CAPITAL 20212020
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100