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 2023

Period of accounts

Start date: 01 May 2022

End date: 30 April 2023

2-T JOINERS LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2023

Balance sheet
Notes

2-T JOINERS LIMITED

Balance sheet

As at 30 April 2023


Notes
2023
2022


£
£
Fixed assets
Tangible assets: 3 60,378 31,072
Total fixed assets: 60,378 31,072
Current assets
Stocks: 404,687 390,000
Debtors: 4 100,123 240,921
Cash at bank and in hand: 6,050
Total current assets: 510,860 630,921
Creditors: amounts falling due within one year:   (372,444) (651,270)
Net current assets (liabilities): 138,416 (20,349)
Total assets less current liabilities: 198,794 10,723
Creditors: amounts falling due after more than one year:   (187,342) (48,632)
Provision for liabilities: (6,144) (243)
Total net assets (liabilities): 5,308 (38,152)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 5,208 (38,252)
Shareholders funds: 5,308 (38,152)

The notes form part of these financial statements

2-T JOINERS LIMITED

Balance sheet statements

For the year ending 30 April 2023 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 30 January 2024
and signed on behalf of the board by:

Name: Mr RaymondClark
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 2023

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 stage ofcompletion when the stage of completion, costs incurred and costs to complete can be estimated reliably. Thestage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staffrates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenueis recognised only to the extent of the expenses recognised that it is probable will be recovered.

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 over theiruseful lives on the following bases:Land and buildings Leasehold not depreciatedPlant 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 2023

2. Employees

2023 2022
Average number of employees during the period 5 7

2-T JOINERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Tangible Assets

Total
Cost £
At 01 May 2022 39,340
Additions 41,837
At 30 April 2023 81,177
Depreciation
At 01 May 2022 8,268
Charge for year 12,531
At 30 April 2023 20,799
Net book value
At 30 April 2023 60,378
At 30 April 2022 31,072

Trade debtors 2,901 146,272Corporation tax recoverable 12,162 12,162Other debtors 85,060 82,487

2-T JOINERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 100,123 240,921