Registered number
10704507
Window Projects Ltd
Unaudited Filleted Accounts
30 April 2023
Window Projects Ltd
Registered number: 10704507
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 85,945 64,380
Current assets
Stocks 13,043 26,543
Debtors 4 514,380 345,553
Cash at bank and in hand 174,647 -
702,070 372,096
Creditors: amounts falling due within one year 5 (615,104) (264,545)
Net current assets 86,966 107,551
Total assets less current liabilities 172,911 171,931
Creditors: amounts falling due after more than one year 6 (33,391) (39,651)
Provisions for liabilities (16,329) (12,232)
Net assets 123,191 120,048
Capital and reserves
Called up share capital 100 100
Profit and loss account 123,091 119,948
Shareholders' funds 123,191 120,048
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Thornton
Director
Approved by the board on 11 October 2023
Window Projects Ltd
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant, Equipment and Fixtures 15% NBV
Motor Vehicles 25% NBV
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2022 16,652 79,238 95,890
Additions 12,458 32,132 44,590
Disposals - (4,000) (4,000)
At 30 April 2023 29,110 107,370 136,480
Depreciation
At 1 May 2022 5,476 26,034 31,510
Charge for the year 3,545 15,480 19,025
At 30 April 2023 9,021 41,514 50,535
Net book value
At 30 April 2023 20,089 65,856 85,945
At 30 April 2022 11,176 53,204 64,380
4 Debtors 2023 2022
£ £
Trade debtors 458,810 314,891
Other debtors 55,570 30,662
514,380 345,553
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 125,930 17,784
Obligations under finance lease and hire purchase contracts 11,173 17,992
Trade creditors 216,677 185,411
Taxation and social security costs 215,544 37,395
Other creditors 45,780 5,963
615,104 264,545
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 33,391 29,432
Obligations under finance lease and hire purchase contracts - 10,219
33,391 39,651
7 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 16,200 32,400
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Carl Sampson
[Loan 1] - 45,000 (45,000) -
Martin Thornton
[Loan 1] - 45,000 (45,000) -
Garry Smith
[Loan 1] - 45,000 (45,000) -
- 135,000 (135,000) -
9 Related party transactions
Included in the Financial Statements are £35,600 of sales transactions relating to the recharge of costs incurred by the company on behalf of Window Projects (South East) Ltd a company in which Martin Thornton is also a director. At the year end Window Projects (South East) Ltd owed the company £376.

Included in the Financial Statements are £14,289 of sales transactions relating to the recharge of costs incurred by the company on behalf of Builder Projects Ltd a company in which Martin Thornton, Carl Sampson and Garry Smith are also directors. The company also purchased goods to the value of £11,000 from Builder Projects. At the year end Builder Projects Ltd owed the company £25,100.

Included in the Financial Statements are £2,032 of sales transactions relating to the recharge of costs incurred by the company on behalf of Window Projects (Anglia) Ltd a company in which Martin Thornton Carl Sampson & Garry Smith are also a directors. At the year end Window Projects (Anglia) Ltd owed the company £5,000.
10 Controlling party
The ultimate controlling party is Martin Thornton a director.
11 Other information
Window Projects Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 4 Termitts Farm
Terling Road
Hatfield Peveral, Chelmsford
Essex
CM3 2AE
Window Projects Ltd 10704507 false 2022-05-01 2023-04-30 2023-04-30 VT Final Accounts October 2023 M Thornton No description of principal activity 10704507 2021-05-01 2022-04-30 10704507 core:WithinOneYear 2022-04-30 10704507 core:AfterOneYear 2022-04-30 10704507 core:ShareCapital 2022-04-30 10704507 core:RetainedEarningsAccumulatedLosses 2022-04-30 10704507 core:AllPeriods 2022-04-30 10704507 2022-05-01 2023-04-30 10704507 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 10704507 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 10704507 bus:Director40 2022-05-01 2023-04-30 10704507 1 2022-05-01 2023-04-30 10704507 2 2022-05-01 2023-04-30 10704507 core:PlantMachinery 2022-05-01 2023-04-30 10704507 core:Vehicles 2022-05-01 2023-04-30 10704507 bus:Director1 2022-05-01 2023-04-30 10704507 bus:Director1 1 2022-05-01 2023-04-30 10704507 bus:Director2 2022-05-01 2023-04-30 10704507 bus:Director2 1 2022-05-01 2023-04-30 10704507 bus:Director3 2022-05-01 2023-04-30 10704507 bus:Director3 1 2022-05-01 2023-04-30 10704507 countries:England 2022-05-01 2023-04-30 10704507 bus:FRS102 2022-05-01 2023-04-30 10704507 bus:FullAccounts 2022-05-01 2023-04-30 10704507 2023-04-30 10704507 core:WithinOneYear 2023-04-30 10704507 core:AfterOneYear 2023-04-30 10704507 core:ShareCapital 2023-04-30 10704507 core:RetainedEarningsAccumulatedLosses 2023-04-30 10704507 core:PlantMachinery 2023-04-30 10704507 core:Vehicles 2023-04-30 10704507 core:AllPeriods 2023-04-30 10704507 bus:Director1 1 2023-04-30 10704507 bus:Director2 1 2023-04-30 10704507 bus:Director3 1 2023-04-30 10704507 2022-04-30 10704507 core:PlantMachinery 2022-04-30 10704507 core:Vehicles 2022-04-30 10704507 bus:Director1 1 2022-04-30 10704507 bus:Director2 1 2022-04-30 10704507 bus:Director3 1 2022-04-30 iso4217:GBP xbrli:pure