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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
Page
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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
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Gelstarr Windows Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,201 
1,153 
Current assets
Inventories
47,644 
49,952 
Debtors
208,932 
211,253 
Cash at bank and in hand
40,556 
37,646 
297,132 
298,851 
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
Deferred tax
- 
(279)
Net assets
88,994 
93,204 
Capital and reserves
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
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Gelstarr Windows Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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.
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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 
Depreciation
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 
Net book value
At 31 August 2023
170 
- 
- 
2,031 
2,201 
At 31 August 2022
255 
- 
- 
898 
1,153 
5
Debtors
2023 
2022 
£ 
£ 
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 
208,932 
211,253 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
11,649 
15,665 
VAT
13,975 
15,214 
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 
Accruals
2,191 
1,094 
192,474 
175,629 
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 
£ 
£ 
Bank loans
17,865 
30,892 
The bank loan is secured against the asset for which the financed was raised for.
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Gelstarr Windows Ltd Notes to the Accounts for the year ended 31 August 2023
8
Share capital
2023 
2022 
£ 
£ 
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).
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