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REGISTERED NUMBER: 10815316 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Flair Window Installations Ltd

Flair Window Installations Ltd (Registered number: 10815316)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Flair Window Installations Ltd

Company Information
for the Year Ended 31 December 2021







DIRECTORS: P M Lugg
Mrs S D Lugg
R P Lugg





SECRETARY:





REGISTERED OFFICE: Unit 36
Minworth Industrial Park
Forge Lane, Minworth
Sutton Coldfield
West Midlands
B76 1AH





REGISTERED NUMBER: 10815316 (England and Wales)





ACCOUNTANTS: Clover Chartered Certified Accountants
7 Trinity Place
Midland Drive
Sutton Coldfield
West Midlands
B72 1TX

Flair Window Installations Ltd (Registered number: 10815316)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £   
FIXED ASSETS
Intangible assets 4 95,001 100,001
Tangible assets 5 148,611 175,395
243,612 275,396

CURRENT ASSETS
Stocks 99,997 199,995
Debtors 6 123,788 226,373
Cash at bank and in hand 1,125,989 1,084,547
1,349,774 1,510,915
CREDITORS
Amounts falling due within one year 7 (875,360 ) (1,127,983 )
NET CURRENT ASSETS 474,414 382,932
TOTAL ASSETS LESS CURRENT
LIABILITIES

718,026

658,328

CREDITORS
Amounts falling due after more than one
year

8

(129,250

)

(236,715

)
NET ASSETS 588,776 421,613

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 588,676 421,513
SHAREHOLDERS' FUNDS 588,776 421,613

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

Flair Window Installations Ltd (Registered number: 10815316)

Balance Sheet - continued
31 December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 4 May 2022 and were signed on its behalf by:




P M Lugg - Director



R P Lugg - Director


Flair Window Installations Ltd (Registered number: 10815316)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Flair Window Installations 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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.

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.

Flair Window Installations Ltd (Registered number: 10815316)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2020 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2021
and 31 December 2021 98,881 1,120 100,001
AMORTISATION
Charge for year 5,000 - 5,000
At 31 December 2021 5,000 - 5,000
NET BOOK VALUE
At 31 December 2021 93,881 1,120 95,001
At 31 December 2020 98,881 1,120 100,001

Flair Window Installations Ltd (Registered number: 10815316)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 195,639
Additions 59,618
At 31 December 2021 255,257
DEPRECIATION
At 1 January 2021 20,244
Charge for year 86,402
At 31 December 2021 106,646
NET BOOK VALUE
At 31 December 2021 148,611
At 31 December 2020 175,395

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

Plant and
machinery
etc
£   
COST
At 1 January 2021
and 31 December 2021 22,107
DEPRECIATION
At 1 January 2021
and 31 December 2021 11,053
NET BOOK VALUE
At 31 December 2021 11,054
At 31 December 2020 11,054

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 68,536 92,773
Other debtors 55,252 133,600
123,788 226,373

Flair Window Installations Ltd (Registered number: 10815316)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 122,984 -
Hire purchase contracts 4,250 4,260
Trade creditors 88,759 71,748
Amounts owed to group undertakings 515,385 860,394
Taxation and social security 135,199 82,798
Other creditors 8,783 108,783
875,360 1,127,983

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Hire purchase contracts 4,250 11,715
Other creditors 125,000 225,000
129,250 236,715

9. ULTIMATE CONTROLLING PARTY

The controlling party is Flair Holdings Ltd.

The ultimate controlling party is Mr P and Mrs S Lugg.