NORTH STAFFS JOINERY LTD - Accounts to registrar (filleted) - small 18.1

NORTH STAFFS JOINERY LTD - Accounts to registrar (filleted) - small 18.1

NORTH STAFFS JOINERY LIMITED - Company Information

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REGISTERED NUMBER: 00616190 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

NORTH STAFFS JOINERY LTD
NORTH STAFFS JOINERY LTD (Registered number: 00616190)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

NORTH STAFFS JOINERY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2018







DIRECTORS: J P Jones
E A Jones
S M Rosales





REGISTERED OFFICE: 1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB





REGISTERED NUMBER: 00616190 (England and Wales)





ACCOUNTANTS: Curtis Accountants Ltd
1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB
Page 1
NORTH STAFFS JOINERY LTD (Registered number: 00616190)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 555,084 567,581

CURRENT ASSETS
Debtors 5 1,560 1,440
Cash at bank 101,120 99,140
102,680 100,580
CREDITORS
Amounts falling due within one year 6 19,764 17,390
NET CURRENT ASSETS 82,916 83,190
TOTAL ASSETS LESS CURRENT
LIABILITIES
638,000
650,771

CAPITAL AND RESERVES
Called up share capital 1,400 1,400
Revaluation reserve 7 539,189 551,443
Retained earnings 97,411 97,928
SHAREHOLDERS' FUNDS 638,000 650,771

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 23 April 2018 and were signed on its behalf by:





E A Jones - Director


The notes form part of these financial statements

Page 2
NORTH STAFFS JOINERY LTD (Registered number: 00616190)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018

1. STATUTORY INFORMATION

NORTH STAFFS JOINERY LTD 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

There were no material departures from that standard.

The financial statements have been prepared on a going concern basis which assumes that the Company will
continue in operational existence for the foreseeable future.

Turnover
Revenue 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
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Long leasehold - 2% on cost
Equipment - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

Page 3 continued...
NORTH STAFFS JOINERY LTD (Registered number: 00616190)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018

4. PROPERTY, PLANT AND EQUIPMENT
Long
leasehold Equipment Totals
£    £    £   
COST OR VALUATION
At 1 March 2017 580,000 4,457 584,457
Additions - 401 401
Disposals - (4,457 ) (4,457 )
At 28 February 2018 580,000 401 580,401
DEPRECIATION
At 1 March 2017 12,609 4,267 16,876
Charge for year 12,608 100 12,708
Eliminated on disposal - (4,267 ) (4,267 )
At 28 February 2018 25,217 100 25,317
NET BOOK VALUE
At 28 February 2018 554,783 301 555,084
At 28 February 2017 567,391 190 567,581

Cost or valuation at 28 February 2018 is represented by:

Long
leasehold Equipment Totals
£    £    £   
Valuation in 2016 563,697 - 563,697
Cost 16,303 401 16,704
580,000 401 580,401

The valuation of Leasehold Investment Property was made as at 29 February 2016 by Keates Hulme Property
Consultants on an open market basis.

On a historical cost basis it would have been included at its original cost of £16,303.

The directors consider this valuation to be unchanged at the financial year end.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Debtors and Prepayments 1,560 1,440

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Tax 10,172 9,456
Directors' current accounts 3,394 1,994
Creditors and Accruals 6,198 5,940
19,764 17,390

Page 4 continued...
NORTH STAFFS JOINERY LTD (Registered number: 00616190)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018

7. RESERVES
Revaluation
reserve
£   
At 1 March 2017 551,443
Tfr to Revaluation Reserve (12,254 )

At 28 February 2018 539,189

Page 5
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
NORTH STAFFS JOINERY 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 Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income 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 NORTH STAFFS JOINERY LTD for the year ended 28 February 2018 which comprise the
Statement of Comprehensive Income, Statement of Financial Position, 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 NORTH STAFFS JOINERY 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 NORTH STAFFS JOINERY LTD and state those matters that we have agreed to state to the Board of Directors of NORTH STAFFS JOINERY 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 NORTH STAFFS JOINERY LTD and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that NORTH STAFFS JOINERY 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 NORTH STAFFS JOINERY LTD. You consider that NORTH STAFFS JOINERY 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 NORTH STAFFS JOINERY 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.






Curtis Accountants Ltd
1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB


23 April 2018

This page does not form part of the statutory financial statements

Page 6