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REGISTERED NUMBER: 01867405 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

PENINSULA WINDOWS LIMITED

PENINSULA WINDOWS LIMITED (REGISTERED NUMBER: 01867405)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


PENINSULA WINDOWS LIMITED (REGISTERED NUMBER: 01867405)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 319,372 140,398

CURRENT ASSETS
Stocks 210,433 84,442
Debtors 5 278,006 277,508
Cash at bank 343,007 553,909
831,446 915,859
CREDITORS
Amounts falling due within one year 6 780,413 868,109
NET CURRENT ASSETS 51,033 47,750
TOTAL ASSETS LESS CURRENT
LIABILITIES

370,405

188,148

PROVISIONS FOR LIABILITIES 36,735 11,180
NET ASSETS 333,670 176,968

CAPITAL AND RESERVES
Called up share capital 1,200 1,200
Retained earnings 332,470 175,768
333,670 176,968

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

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

PENINSULA WINDOWS LIMITED (REGISTERED NUMBER: 01867405)

BALANCE SHEET - continued
31 JANUARY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 September 2023 and were signed on its behalf by:





Mr K W Grayson - Director


PENINSULA WINDOWS LIMITED (REGISTERED NUMBER: 01867405)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Peninsula Windows Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01867405

Registered office: Star Crossroads
Star
Gaerwen
Anglesey
LL60 6AL

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced work done and uninvoiced amounts due on contracts by reference to the stage of completion, 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.
Land and buildings - 5% on cost
Plant and machinery etc - 25% on cost, 20% on reducing balance, 15% on reducing balance and 1% 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 Profit and Loss Account, 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.


PENINSULA WINDOWS LIMITED (REGISTERED NUMBER: 01867405)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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 27 (2022 - 27 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2022 - 302,386 302,386
Additions 8,964 213,447 222,411
Disposals - (14,165 ) (14,165 )
At 31 January 2023 8,964 501,668 510,632
DEPRECIATION
At 1 February 2022 - 161,988 161,988
Charge for year 452 41,752 42,204
Eliminated on disposal - (12,932 ) (12,932 )
At 31 January 2023 452 190,808 191,260
NET BOOK VALUE
At 31 January 2023 8,512 310,860 319,372
At 31 January 2022 - 140,398 140,398

PENINSULA WINDOWS LIMITED (REGISTERED NUMBER: 01867405)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 220,470 208,494
Amounts recoverable on contract - 2,962
Other debtors 57,536 66,052
278,006 277,508

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 222,907 204,821
Taxation and social security 169,880 245,945
Other creditors 387,626 417,343
780,413 868,109

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 7,022 15,900
Between one and five years 18,726 -
25,748 15,900