8 false false false false false false false false false true false false false false false false No description of principal activity 2021-02-01 Sage Accounts Production Advanced 2020 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 06465027 2021-02-01 2022-01-31 06465027 2022-01-31 06465027 2021-01-31 06465027 2020-02-01 2021-01-31 06465027 2021-01-31 06465027 core:LandBuildings core:OwnedOrFreeholdAssets 2021-02-01 2022-01-31 06465027 core:PlantMachinery 2021-02-01 2022-01-31 06465027 core:MotorVehicles 2021-02-01 2022-01-31 06465027 bus:Director1 2021-02-01 2022-01-31 06465027 core:LandBuildings 2021-01-31 06465027 core:PlantMachinery 2021-01-31 06465027 core:MotorVehicles 2021-01-31 06465027 core:LandBuildings 2022-01-31 06465027 core:PlantMachinery 2022-01-31 06465027 core:MotorVehicles 2022-01-31 06465027 core:LandBuildings 2021-02-01 2022-01-31 06465027 core:WithinOneYear 2022-01-31 06465027 core:WithinOneYear 2021-01-31 06465027 core:AfterOneYear 2022-01-31 06465027 core:AfterOneYear 2021-01-31 06465027 core:UKTax 2021-02-01 2022-01-31 06465027 core:ShareCapital 2022-01-31 06465027 core:ShareCapital 2021-01-31 06465027 core:RetainedEarningsAccumulatedLosses 2022-01-31 06465027 core:RetainedEarningsAccumulatedLosses 2021-01-31 06465027 core:LandBuildings 2021-01-31 06465027 core:PlantMachinery 2021-01-31 06465027 core:MotorVehicles 2021-01-31 06465027 bus:SmallEntities 2021-02-01 2022-01-31 06465027 bus:AuditExemptWithAccountantsReport 2021-02-01 2022-01-31 06465027 bus:FullAccounts 2021-02-01 2022-01-31 06465027 bus:SmallCompaniesRegimeForAccounts 2021-02-01 2022-01-31 06465027 bus:PrivateLimitedCompanyLtd 2021-02-01 2022-01-31
COMPANY REGISTRATION NUMBER: 06465027
ECO WINDOWS (NORTHERN) LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 January 2022
ECO WINDOWS (NORTHERN) LIMITED
STATEMENT OF FINANCIAL POSITION
31 January 2022
2022
2021
Note
£
£
£
£
FIXED ASSETS
Tangible assets
6
448,272
473,313
CURRENT ASSETS
Stocks
1,905,008
1,376,582
Debtors
7
105,823
138,019
Cash at bank and in hand
174,310
57,241
------------
------------
2,185,141
1,571,842
CREDITORS: amounts falling due within one year
8
( 2,067,149)
( 1,729,626)
------------
------------
NET CURRENT ASSETS/(LIABILITIES)
117,992
( 157,784)
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
566,264
315,529
CREDITORS: amounts falling due after more than one year
9
( 246,203)
( 284,420)
PROVISIONS
Taxation including deferred tax
( 10,676)
---------
---------
NET ASSETS
309,385
31,109
---------
---------
CAPITAL AND RESERVES
Called up share capital
2
2
Profit and loss account
309,383
31,107
---------
--------
SHAREHOLDERS FUNDS
309,385
31,109
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
ECO WINDOWS (NORTHERN) LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 January 2022
These financial statements were approved by the board of directors and authorised for issue on 18 August 2022 , and are signed on behalf of the board by:
S A Ryan
Director
Company registration number: 06465027
ECO WINDOWS (NORTHERN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2022
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Maltings Mill, Hipperholme, Halifax, HX3 8HQ, England.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value added tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts for on-going services is recognised by reference to the stage of completion. Turnover and profit on sales of residential property is recognised on the date of legal completion.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold Property
-
2% straight line
Plant & Machinery
-
15% reducing balance
Motor Vehicles
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises the acquisition and development costs excluding interest. Development costs include infrastructure costs and costs of houses built. The cost of land acquisition included options to purchase land, and the cost of any investigation work prior to purchase.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 8 (2021: 8 ).
5. TAX ON PROFIT
Major components of tax expense
2022
2021
£
£
Current tax:
UK current tax expense
19,612
Deferred tax:
Origination and reversal of timing differences
10,676
--------
----
Tax on profit
30,288
--------
----
6. TANGIBLE ASSETS
Freehold property
Plant and machinery
Motor vehicles
Total
£
£
£
£
Cost
At 1 February 2021
388,216
116,291
73,321
577,828
Additions
10,072
7,700
17,772
Disposals
( 38,800)
( 38,800)
---------
---------
--------
---------
At 31 January 2022
398,288
85,191
73,321
556,800
---------
---------
--------
---------
Depreciation
At 1 February 2021
7,763
48,897
47,855
104,515
Charge for the year
7,967
8,226
6,366
22,559
Disposals
( 18,546)
( 18,546)
---------
---------
--------
---------
At 31 January 2022
15,730
38,577
54,221
108,528
---------
---------
--------
---------
Carrying amount
At 31 January 2022
382,558
46,614
19,100
448,272
---------
---------
--------
---------
At 31 January 2021
380,453
67,394
25,466
473,313
---------
---------
--------
---------
7. DEBTORS
2022
2021
£
£
Trade debtors
51,455
39,016
Other debtors
54,368
99,003
---------
---------
105,823
138,019
---------
---------
8. CREDITORS: amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
799,016
565,152
Trade creditors
294,564
146,807
Corporation tax
19,612
Social security and other taxes
2,288
Other creditors
938,650
996,201
Other creditors
13,019
21,466
------------
------------
2,067,149
1,729,626
------------
------------
9. CREDITORS: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
244,302
272,920
Other creditors
1,901
11,500
---------
---------
246,203
284,420
---------
---------