Company Registration No. 11527140 (England and Wales)
Gelstarr Windows Ltd
Unaudited accounts
for the year ended 31 August 2023
Gelstarr Windows Ltd
Unaudited accounts
Contents
Gelstarr Windows Ltd
Company Information
for the year ended 31 August 2023
Directors
G T Kennard
K A Starr
Company Number
11527140 (England and Wales)
Registered Office
20 Shipley Road
Ifield
Crawley
West Sussex
RH11 0EQ
Gelstarr Windows Ltd
Statement of financial position
as at 31 August 2023
Tangible assets
2,201
1,153
Cash at bank and in hand
40,556
37,646
Creditors: amounts falling due within one year
(192,474)
(175,629)
Net current assets
104,658
123,222
Total assets less current liabilities
106,859
124,375
Creditors: amounts falling due after more than one year
(17,865)
(30,892)
Provisions for liabilities
Called up share capital
101
101
Profit and loss account
88,893
93,103
Shareholders' funds
88,994
93,204
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by
G T Kennard
Director
Company Registration No. 11527140
Gelstarr Windows Ltd
Notes to the Accounts
for the year ended 31 August 2023
Gelstarr Windows Ltd is a private company, limited by shares, registered in England and Wales, registration number 11527140. The registered office is 20 Shipley Road, Ifield, Crawley, West Sussex, RH11 0EQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
25% Straight Line
Fixtures & fittings
25% Straight Line
Computer equipment
33.3% Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Gelstarr Windows Ltd
Notes to the Accounts
for the year ended 31 August 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2022
761
26,549
756
8,541
36,607
Additions
-
-
-
1,666
1,666
Revaluations
(1)
-
-
(1)
(2)
At 31 August 2023
760
26,549
756
10,206
38,271
At 1 September 2022
506
26,549
756
7,643
35,454
Charge for the year
85
-
-
533
618
Surplus on revaluation
(1)
-
-
(1)
(2)
At 31 August 2023
590
26,549
756
8,175
36,070
At 31 August 2023
170
-
-
2,031
2,201
At 31 August 2022
255
-
-
898
1,153
Amounts falling due within one year
Trade debtors
147,211
156,267
Accrued income and prepayments
14,235
5,494
Other debtors
47,486
49,492
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
11,649
15,665
Trade creditors
72,281
41,607
Taxes and social security
22,441
28,060
Other creditors
6,269
25,112
Loans from directors
63,668
48,877
The bank loan is secured against the asset for which the financed was raised for.
7
Creditors: amounts falling due after more than one year
2023
2022
The bank loan is secured against the asset for which the financed was raised for.
Gelstarr Windows Ltd
Notes to the Accounts
for the year ended 31 August 2023
Allotted, called up and fully paid:
101 Ordinary £1 shares at par for cash of £1 each
101
101
9
Operating lease commitments
2023
2022
At 31 August 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
-
36,900
10
Transactions with related parties
The company has in Other Debtors an interest free loan of £20,000 to Southern Sealed Units Ltd (12839824) a company in which the directors have a significant control. Included in Trade Debtors is a trade debt of £70,215 (2021: £52,003) owned by Southern Sealed Units Ltd (12839824) a company in which the directors have a significant control.
11
Average number of employees
During the year the average number of employees was 4 (2022: 4).