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

REGISTERED NUMBER: 05823833 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2020

for

Joinerysoft Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A J 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

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

159,187

160,139

159,187

160,139

CURRENT ASSETS

Debtors

6

263,121

299,893

Cash at bank and in hand

537,391

175,542

800,512

475,435

CREDITORS

Amounts falling due within one year

7

345,647

332,266

NET CURRENT ASSETS

454,865

143,169

TOTAL ASSETS LESS CURRENT LIABILITIES

614,052

303,308

CREDITORS

Amounts falling due after more than one year

8

200,000

93,792

NET ASSETS

414,052

209,516

CAPITAL AND RESERVES

Called up share capital

1,063

1,063

Share premium

424,390

424,390

Retained earnings

(11,401

)

(215,937

)

SHAREHOLDERS' FUNDS

414,052

209,516

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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.

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 21 July 2021 and were signed on its behalf by:

A J Turner - Director

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 13 (2019 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2020

and 31 December 2020

67,000

AMORTISATION

At 1 January 2020

and 31 December 2020

67,000

NET BOOK VALUE

At 31 December 2020

-

At 31 December 2019

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2020

3,431

203,685

207,116

Additions

-

3,297

3,297

At 31 December 2020

3,431

206,982

210,413

DEPRECIATION

At 1 January 2020

3,233

43,744

46,977

Charge for year

198

4,051

4,249

At 31 December 2020

3,431

47,795

51,226

NET BOOK VALUE

At 31 December 2020

-

159,187

159,187

At 31 December 2019

198

159,941

160,139

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade debtors

247,668

290,208

Other debtors

1,634

2,110

Prepayments

13,819

7,575

263,121

299,893

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade creditors

2,596

27,838

Tax

33,645

8,644

Social security and other taxes

15,210

14,598

VAT

26,171

11,184

Other creditors

22,431

22,468

Credit Card

1,936

3,834

Directors' current accounts

152

2,679

Accruals and deferred income

243,506

241,021

345,647

332,266

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.20

31.12.19

£

£

Bank loans - 2-5 years

200,000

-

Trade creditors

-

93,792

200,000

93,792

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 December 2020 the company owed directors £152 (2019: £2,679)

10.	RELATED PARTY DISCLOSURES

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

As at 31 December 2020 Somcom owed Joinerysoft £6,019 (2019: £0).

As at 31 December 2020 Joinerysoft owed Somcom £0 (2019: £93,792).

The company trades from premises owned by the directors and paid rent of £17,588 during the year.

11.	ULTIMATE CONTROLLING PARTY

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