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REGISTERED NUMBER: 00972530 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Seaglaze Marine Windows Limited

Seaglaze Marine Windows Limited (Registered number: 00972530)

Contents of the Financial Statements
for the Year Ended 31 January 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Seaglaze Marine Windows Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Mrs C Clayton
R Clayton
A Clayton





SECRETARY: R Clayton





REGISTERED OFFICE: Wendover Road
Rackheath
Norwich
Norfolk
NR13 6LH





REGISTERED NUMBER: 00972530 (England and Wales)





ACCOUNTANTS: JDC Chartered Accountants and Business Advisors
Dencora Court
2 Meridian Way
Norwich
Norfolk
NR7 0TA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Seaglaze Marine Windows Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Seaglaze Marine Windows Limited for the year ended 31 January 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Seaglaze Marine Windows Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Seaglaze Marine Windows Limited and state those matters that we have agreed to state to the Board of Directors of Seaglaze Marine Windows Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Seaglaze Marine Windows Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Seaglaze Marine Windows Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Seaglaze Marine Windows Limited. You consider that Seaglaze Marine Windows Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Seaglaze Marine Windows Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






JDC Chartered Accountants and Business Advisors
Dencora Court
2 Meridian Way
Norwich
Norfolk
NR7 0TA


14 September 2023

Seaglaze Marine Windows Limited (Registered number: 00972530)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,493 10,542

CURRENT ASSETS
Stocks 178,779 167,782
Debtors 5 1,519,360 1,280,221
Cash at bank and in hand 15,264 205
1,713,403 1,448,208
CREDITORS
Amounts falling due within one year 6 586,095 503,915
NET CURRENT ASSETS 1,127,308 944,293
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,150,801

954,835

CREDITORS
Amounts falling due after more than one
year

7

(103,333

)

(143,333

)

PROVISIONS FOR LIABILITIES (4,724 ) (938 )
NET ASSETS 1,042,744 810,564

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,042,644 810,464
SHAREHOLDERS' FUNDS 1,042,744 810,564

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.

Seaglaze Marine Windows Limited (Registered number: 00972530)

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 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:




R Clayton - Director



A Clayton - Director


Seaglaze Marine Windows Limited (Registered number: 00972530)

Notes to the Financial Statements
for the Year Ended 31 January 2023


1. STATUTORY INFORMATION

Seaglaze Marine Windows 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.

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 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 etc - 33% on cost, 25% on reducing balance and 10% 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 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.

Seaglaze Marine Windows Limited (Registered number: 00972530)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2022 - 37 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 506,955
Additions 16,368
At 31 January 2023 523,323
DEPRECIATION
At 1 February 2022 496,413
Charge for year 3,417
At 31 January 2023 499,830
NET BOOK VALUE
At 31 January 2023 23,493
At 31 January 2022 10,542

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 349,196 206,338
Amounts owed by group undertakings 829,062 916,558
Amounts recoverable on contract 253,895 72,905
Other debtors 87,207 84,420
1,519,360 1,280,221

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 40,000 105,437
Trade creditors 260,467 176,115
Amounts owed to group undertakings 43,279 -
Taxation and social security 36,390 55,171
Other creditors 205,959 167,192
586,095 503,915

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 103,333 143,333

Seaglaze Marine Windows Limited (Registered number: 00972530)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.23 31.1.22
£    £   
Within one year 65,000 65,000
Between one and five years 75,833 140,833
140,833 205,833

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Bank overdraft - 65,437
Bank loans 143,333 183,333
143,333 248,770

The bank facilities are secured by a debenture over the assets of the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
A Clayton
Balance outstanding at start of year 3,360 326
Amounts advanced - 3,034
Amounts repaid (3,360 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 3,360

The director's loan is interest free and repayable on demand.