Woodcraft Joinery Limited - Accounts to registrar (filleted) - small 18.1

Woodcraft Joinery Limited - Accounts to registrar (filleted) - small 18.1

WOODCRAFT JOINERY LIMITED - Company Information

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REGISTERED NUMBER: 02443322















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2018

FOR

WOODCRAFT JOINERY LIMITED
WOODCRAFT JOINERY LIMITED (REGISTERED NUMBER: 02443322)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


WOODCRAFT JOINERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2018







DIRECTORS: S Peters
T M Hale
I Walker
J C E Westwood
M Peters





SECRETARY: J C E Westwood





REGISTERED OFFICE: Unit 1B
Talbots Lane
Brierley Hill
West Midlands
DY5 2YX





REGISTERED NUMBER: 02443322





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG
Page 1
WOODCRAFT JOINERY LIMITED (REGISTERED NUMBER: 02443322)

ABRIDGED BALANCE SHEET
31 JANUARY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 173,315 162,911

CURRENT ASSETS
Stocks 190,006 300,908
Debtors 190,719 219,981
Cash at bank and in hand 340,012 429,469
720,737 950,358
CREDITORS
Amounts falling due within one year 238,931 463,055
NET CURRENT ASSETS 481,806 487,303
TOTAL ASSETS LESS CURRENT
LIABILITIES
655,121
650,214

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 655,119 650,212
SHAREHOLDERS' FUNDS 655,121 650,214

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 May 2018 and were signed on its behalf by:




S Peters - Director


The notes form part of these financial statements

Page 2
WOODCRAFT JOINERY LIMITED (REGISTERED NUMBER: 02443322)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018

1. STATUTORY INFORMATION

Woodcraft Joinery Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover
Turnover is the amount derived from ordinary activities, and stated after trade discounts and excluding value
added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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.

Page 3 continued...
WOODCRAFT JOINERY LIMITED (REGISTERED NUMBER: 02443322)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2018

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2017 411,375
Additions 66,867
Disposals (52,984 )
At 31 January 2018 425,258
DEPRECIATION
At 1 February 2017 248,464
Charge for year 55,172
Eliminated on disposal (51,693 )
At 31 January 2018 251,943
NET BOOK VALUE
At 31 January 2018 173,315
At 31 January 2017 162,911

5. RELATED PARTY DISCLOSURES

During the year the company traded with Interior Service Limited, a company in which S Peters and M Peters are
both directors.

Sales of finished joinery products amounted to £675,757 (2016 - £325,757). Purchases of goods/services from
Interior Service Limited totalled £Nil (2016 - £Nil). All transactions were made on normal trade terms.

The total amount owed to the company by Interior Service Limited at the balance sheet date amounted to £Nil
(2016 £Nil).

Page 4