Classic Joinery (N.I.) Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: NI643505 (Northern Ireland)

FINANCIAL STATEMENTS FOR THE PERIOD 30 JANUARY 2017 TO 31 JANUARY 2018

FOR

CLASSIC JOINERY (N.I.) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr S G Brown

SECRETARY:

REGISTERED OFFICE:

99-101 Central Promenade

Newcastle

Co. Down

BT33 0HH

REGISTERED NUMBER:

NI643505 (Northern Ireland)

ACCOUNTANTS:

Tanya Mack & Co

Chartered Certified Accountants

Registered Auditors

99 - 101 Central Promenade

Newcastle

Co. Down

BT33 0HH

FIXED ASSETS

Intangible assets

4

19,800

Tangible assets

5

4,489

24,289

CURRENT ASSETS

Stocks

1,500

Debtors

6

38,474

Cash at bank

523

40,497

CREDITORS

Amounts falling due within one year

7

64,779

NET CURRENT LIABILITIES

(24,282

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7

RESERVES

Retained earnings

7

7

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30 October 2018 and were signed by:

Mr S G Brown - Director

1.	STATUTORY INFORMATION

Classic Joinery (N.I.) Ltd is a private company, limited by shares , registered in Northern Ireland. 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 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 0, is being amortised evenly over its estimated useful life of nil 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.

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 period 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 period 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.

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 period was 3 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

22,000

At 31 January 2018

22,000

AMORTISATION

Charge for period

2,200

At 31 January 2018

2,200

NET BOOK VALUE

At 31 January 2018

19,800

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

5,986

At 31 January 2018

5,986

DEPRECIATION

Charge for period

1,497

At 31 January 2018

1,497

NET BOOK VALUE

At 31 January 2018

4,489

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

17,453

Other debtors

21,021

38,474

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

29,306

Taxation and social security

28,348

Other creditors

7,125

64,779