REGISTERED NUMBER: 05914975 (England and Wales)

Easyfit Window Warehouse Limited

Unaudited Financial Statements

for the Period 1 September 2021 to 30 August 2022

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Director:

A D Gill

Secretary:

A D Gill

Registered office:

76 Manchester Road

Denton

Manchester

M34 3PS

Registered number:

05914975 (England and Wales)

Accountants:

Warr & Co Limited

Chartered Accountants

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

Fixed assets

Tangible assets

4

22,196

27,451

Current assets

Stocks

64,634

48,960

Debtors

5

174,234

138,655

Cash at bank and in hand

4,693

15,737

243,561

203,352

Creditors

Amounts falling due within one year

6

(216,558

)

(170,666

)

Net current assets

27,003

32,686

Total assets less current liabilities

49,199

60,137

Creditors

Amounts falling due after more than one year

7

(38,810

)

(53,783

)

Provisions for liabilities

(4,217

)

(2,522

)

Net assets

6,172

3,832

Capital and reserves

Called up share capital

8

602

602

Share premium

5,418

5,418

Retained earnings

152

(2,188

)

Shareholders' funds

6,172

3,832

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 August 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 August 2022 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 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 director and authorised for issue on 3 October 2023 and were signed by:

A D Gill - Director

1.	Statutory information

Easyfit Window Warehouse 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 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.

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

3.	Employees and directors

The average number of employees during the period was 7 (2021 - 9 ) .

4.	Tangible fixed assets

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 September 2021

and 30 August 2022

16,104

1,110

25,083

1,500

43,797

Depreciation

At 1 September 2021

5,642

852

8,352

1,500

16,346

Charge for period

1,046

26

4,183

-

5,255

At 30 August 2022

6,688

878

12,535

1,500

21,601

Net book value

At 30 August 2022

9,416

232

12,548

-

22,196

At 31 August 2021

10,462

258

16,731

-

27,451

5.

Debtors: amounts falling due within one year

30.8.22

31.8.21

£

£

Trade debtors

97,443

54,727

Other debtors

54,635

62,656

Corporation tax recoverable

17,922

13,462

Prepayments

4,234

7,810

174,234

138,655

6.

Creditors: amounts falling due within one year

30.8.22

31.8.21

£

£

Bank loans and overdrafts

10,648

8,333

Hire purchase contracts

4,470

4,470

Trade creditors

49,453

48,680

Corporation tax

38,733

27,952

Social security and other taxes

4,170

2,508

VAT

91,081

67,203

Other creditors

8,918

8,918

Accrued expenses

9,085

2,602

216,558

170,666

7.

Creditors: amounts falling due after more than one year

30.8.22

31.8.21

£

£

Bank loans - 1-2 years

10,648

8,333

Bank loans - 2-5 years

18,477

31,667

Hire purchase contracts

9,685

13,783

38,810

53,783

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.8.22

31.8.21

value:

£

£

602

Ordinary

£1

602

602