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REGISTERED NUMBER: 08622111 (England and Wales)










A55 Windows and Plastics Ltd

Unaudited Financial Statements

for the Year Ended 31 July 2023






A55 Windows and Plastics Ltd (Registered number: 08622111)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A55 Windows and Plastics Ltd

Company Information
for the year ended 31 July 2023







DIRECTORS: Mr M Leech
Mr P Leech





REGISTERED OFFICE: Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN





REGISTERED NUMBER: 08622111 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

A55 Windows and Plastics Ltd (Registered number: 08622111)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,809 141

CURRENT ASSETS
Stocks 5 2,000 2,000
Debtors 6 2,000 34,212
Cash at bank 66,426 53,833
70,426 90,045
CREDITORS
Amounts falling due within one year 7 32,433 40,544
NET CURRENT ASSETS 37,993 49,501
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,802

49,642

CREDITORS
Amounts falling due after more than one year 8 (37,775 ) (46,980 )

PROVISIONS FOR LIABILITIES 10 (2,624 ) (27 )
NET ASSETS 11,403 2,635

CAPITAL AND RESERVES
Called up share capital 11 2,500 2,500
Retained earnings 12 8,903 135
SHAREHOLDERS' FUNDS 11,403 2,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

A55 Windows and Plastics Ltd (Registered number: 08622111)

Balance Sheet - continued
31 July 2023


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 14 September 2023 and were signed on its behalf by:




Mr M Leech - Director



Mr P Leech - Director


A55 Windows and Plastics Ltd (Registered number: 08622111)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

A55 Windows and Plastics 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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.

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 3 (2022 - 3 ) .

A55 Windows and Plastics Ltd (Registered number: 08622111)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2022 - 1,650 1,650
Additions 14,000 - 14,000
At 31 July 2023 14,000 1,650 15,650
DEPRECIATION
At 1 August 2022 - 1,509 1,509
Charge for year 297 35 332
At 31 July 2023 297 1,544 1,841
NET BOOK VALUE
At 31 July 2023 13,703 106 13,809
At 31 July 2022 - 141 141

5. STOCKS
2023 2022
£    £   
Stocks 2,000 2,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,000 34,212

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,000 12,465
Tax 10,879 19,382
Social security and other taxes 3,710 2,483
VAT 6,567 4,047
Other creditors 1,820 1,320
Directors' current accounts 8,457 847
32,433 40,544

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 9) 37,775 46,980

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 11,050 11,160

A55 Windows and Plastics Ltd (Registered number: 08622111)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

9. LOANS - continued
2023 2022
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 26,725 35,820

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,624 27

Deferred
tax
£   
Balance at 1 August 2022 27
Provided during year 2,597
Balance at 31 July 2023 2,624

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2,500 Ordinary 1 2,500 2,500

12. RESERVES
Retained
earnings
£   

At 1 August 2022 135
Profit for the year 56,768
Dividends (48,000 )
At 31 July 2023 8,903

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors on the basis that together they own all of the issued share capital in its entirety.