REGISTERED NUMBER: 03846080 (England and Wales)

A. & D. JOINERY & INTERIORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2018

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr A. Griffiths

Mrs D.A. Griffiths

SECRETARY:

Mrs D.A. Griffiths

REGISTERED OFFICE:

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

BUSINESS ADDRESS:

Premier Estate

The Leys

Brockmoor

Brierley Hill

West Midlands

DY5 3UP

REGISTERED NUMBER:

03846080 (England and Wales)

ACCOUNTANTS:

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

BANKERS:

Lloyds TSB Bank Plc

25 Wolverhampton Street

Dudley

West Midlands

DY1 1DT

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 A. & D. Joinery & Interiors Limited for the year ended 31 October 2018 which comprise the

Income Statement, Statement of Financial Position, Statement of Changes in Equity 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 A. & D. Joinery & Interiors Limited, 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 A. & D. Joinery & Interiors Limited and state those matters that we have agreed to state to the Board of Directors of A. & D. Joinery & Interiors Limited, 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 A. & D. Joinery & Interiors Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A. & D. Joinery & Interiors Limited 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 A. & D. Joinery & Interiors Limited. You consider that A. & D. Joinery & Interiors Limited 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 A. & D. Joinery & Interiors Limited. 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.

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

21 March 2019

FIXED ASSETS

Tangible assets

4

40,408

38,872

CURRENT ASSETS

Stocks

5

178,981

216,981

Debtors

6

397,947

506,694

Cash at bank and in hand

113,402

253,462

690,330

977,137

CREDITORS

Amounts falling due within one year

7

383,129

663,998

NET CURRENT ASSETS

307,201

313,139

TOTAL ASSETS LESS CURRENT LIABILITIES

347,609

352,011

CREDITORS

Amounts falling due after more than one year

8

-

(20,739

)

PROVISIONS FOR LIABILITIES

(4,920

)

(4,177

)

NET ASSETS

342,689

327,095

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

342,687

327,093

SHAREHOLDERS' FUNDS

342,689

327,095

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 21 March 2019 and were signed on its behalf by:

Mr A. Griffiths - Director

1.	STATUTORY INFORMATION

A. & D. Joinery & Interiors Limited 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.

Turnover

Turnover represents net sales of goods/services, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

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 11 (2017 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 November 2017

46,667

14,497

44,212

105,376

Additions

4,749

2,280

-

7,029

At 31 October 2018

51,416

16,777

44,212

112,405

DEPRECIATION

At 1 November 2017

30,538

11,559

24,407

66,504

Charge for year

4,176

1,043

274

5,493

At 31 October 2018

34,714

12,602

24,681

71,997

NET BOOK VALUE

At 31 October 2018

16,702

4,175

19,531

40,408

At 31 October 2017

16,129

2,938

19,805

38,872

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 November 2017

and 31 October 2018

33,262

DEPRECIATION

At 1 November 2017

and 31 October 2018

14,552

NET BOOK VALUE

At 31 October 2018

18,710

At 31 October 2017

18,710

5.

STOCKS

2018

2017

£

£

Stocks

142,981

206,981

Work-in-progress

36,000

10,000

178,981

216,981

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

109,173

261,001

Other debtors

288,774

245,693

397,947

506,694

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Hire purchase contracts

20,739

5,798

Trade creditors

83,120

139,641

Taxation and social security

56,485

117,884

Other creditors

222,785

400,675

383,129

663,998

The bank overdraft and any other monies owing to the bank are secured by a debenture issued on 26th March

2002 to the bank which created fixed and floating charges on all of the company's assets, properties and revenues

both present and future, including goodwill and uncalled capital.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

-

20,739

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2018 and

31 October 2017:

2018

2017

£

£

Mr A. Griffiths and Mrs D.A. Griffiths

Balance outstanding at start of year

245,693

416,323

Amounts advanced

292,040

300,041

Amounts repaid

(248,917

)

(470,671

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

288,816

245,693