Bowkirk Joinery Solutions Ltd - Accounts to registrar (filleted) - small 23.2.5
Bowkirk Joinery Solutions Ltd - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 29 February 2024 |
| for |
| Bowkirk Joinery Solutions Ltd |
| Bowkirk Joinery Solutions Ltd (Registered number: 08403197) |
| Contents of the Financial Statements |
| for the year ended 29 February 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Accountants' Report | 7 |
| Bowkirk Joinery Solutions Ltd |
| Company Information |
| for the year ended 29 February 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 8 Navigation Court |
| Calder Park |
| Wakefield |
| West Yorkshire |
| WF2 7BJ |
| Bowkirk Joinery Solutions Ltd (Registered number: 08403197) |
| Balance Sheet |
| 29 February 2024 |
| 29.2.24 | 28.2.23 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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. |
| Bowkirk Joinery Solutions Ltd (Registered number: 08403197) |
| Balance Sheet - continued |
| 29 February 2024 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Bowkirk Joinery Solutions Ltd (Registered number: 08403197) |
| Notes to the Financial Statements |
| for the year ended 29 February 2024 |
| 1. | STATUTORY INFORMATION |
| Bowkirk Joinery Solutions Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover relates to the provision of joinery and related services and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance fo obsolete and slow moving items. |
| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 |
| Bowkirk Joinery Solutions Ltd (Registered number: 08403197) |
| Notes to the Financial Statements - continued |
| for the year ended 29 February 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | Plant and | and |
| property | machinery | fittings |
| £ | £ | £ |
| COST |
| At 1 March 2023 |
| Additions |
| Disposals |
| At 29 February 2024 |
| DEPRECIATION |
| At 1 March 2023 |
| Charge for year |
| Eliminated on disposal |
| At 29 February 2024 |
| NET BOOK VALUE |
| At 29 February 2024 |
| At 28 February 2023 |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 March 2023 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 29 February 2024 |
| DEPRECIATION |
| At 1 March 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 29 February 2024 |
| NET BOOK VALUE |
| At 29 February 2024 |
| At 28 February 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 29.2.24 | 28.2.23 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Bowkirk Joinery Solutions Ltd (Registered number: 08403197) |
| Notes to the Financial Statements - continued |
| for the year ended 29 February 2024 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 29.2.24 | 28.2.23 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 29.2.24 | 28.2.23 |
| £ | £ |
| Bank loans |
| Hire purchase contracts |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 29.2.24 | 28.2.23 |
| £ | £ |
| Bank loans |
| Hire purchase contracts | 237,438 | 122,854 |
| Debt factor account | 298,204 | 148,234 |
| Amounts due to the debt factor service are secured against the company's sales ledger. |
| Hire purchase is secured against the assets being financed. |
| 9. | OTHER FINANCIAL COMMITMENTS |
| Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £503,026 (2023 - £336,183). |
| 10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| At the balance sheet date the company was owed £43,533 (2023 - £45,991) by J M Kirk a director and by £43,533 (2023 - £45,991) P A Bowery a director. The company has not charged interest on these loans. |
| Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Bowkirk Joinery Solutions Ltd |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bowkirk Joinery Solutions Ltd for the year ended 29 February 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of Bowkirk Joinery Solutions Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bowkirk Joinery Solutions Ltd and state those matters that we have agreed to state to the Board of Directors of Bowkirk Joinery Solutions Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bowkirk Joinery Solutions Ltd and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Bowkirk Joinery Solutions Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bowkirk Joinery Solutions Ltd. You consider that Bowkirk Joinery Solutions Ltd is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Bowkirk Joinery Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| 8 Navigation Court |
| Calder Park |
| Wakefield |
| West Yorkshire |
| WF2 7BJ |