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Unaudited Financial Statements for the Year Ended 31 July 2023

for

LFW Windows Limited

LFW Windows Limited (Registered number: 06341481)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

LFW Windows Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mr Lee Anthony Freeman





SECRETARY: Mr. Alan Leslie Hanson





REGISTERED OFFICE: 1 Church Street
Kempsey
Worcester
Worcestershire
WR5 3JG





REGISTERED NUMBER: 06341481 (England and Wales)





ACCOUNTANTS: Alan Hanson
Aldon Accounting Services
1 Church Street
Kempsey
Worcester
Worcestershire
WR5 3JG

LFW Windows Limited (Registered number: 06341481)

Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,350 5,085

CURRENT ASSETS
Debtors 5 75,579 136,576
Cash at bank 68,102 46,455
143,681 183,031
CREDITORS
Amounts falling due within one year 6 51,916 71,577
NET CURRENT ASSETS 91,765 111,454
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,115

116,539

CREDITORS
Amounts falling due after more than one
year

7

37,466

47,745
NET ASSETS 70,649 68,794

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 69,649 67,794
SHAREHOLDERS' FUNDS 70,649 68,794

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LFW Windows Limited (Registered number: 06341481)

Statement of Financial Position - continued
31 July 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 director and authorised for issue on 25 August 2023 and were signed by:





Mr Lee Anthony Freeman - Director


LFW Windows Limited (Registered number: 06341481)

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

1. STATUTORY INFORMATION

LFW 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

LFW Windows Limited (Registered number: 06341481)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 2,707 10,151 8,917 8,409 30,184
Additions 95 - 17,300 - 17,395
Disposals - - (8,917 ) - (8,917 )
At 31 July 2023 2,802 10,151 17,300 8,409 38,662
DEPRECIATION
At 1 August 2022 1,464 8,578 8,237 6,820 25,099
Charge for year 335 393 4,325 397 5,450
Eliminated on disposal - - (8,237 ) - (8,237 )
At 31 July 2023 1,799 8,971 4,325 7,217 22,312
NET BOOK VALUE
At 31 July 2023 1,003 1,180 12,975 1,192 16,350
At 31 July 2022 1,243 1,573 680 1,589 5,085

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 33,579 83,576
Directors' loan accounts 42,000 53,000
75,579 136,576

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 19,196 21,164
Tax 13,593 16,136
Social security and other taxes 1,250 1,221
VAT 16,667 16,549
Accrued expenses 1,210 16,507
51,916 71,577

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans - 2-5 years 37,466 47,745

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
LFW Windows Limited

The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director 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 LFW Windows Limited for the year ended 31 July 2023 which comprise the Income Statement, Statement of Financial Position 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 Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the director of LFW Windows Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of LFW Windows Limited and state those matters that we have agreed to state to the director of LFW Windows Limited in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that LFW 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 LFW Windows Limited. You consider that LFW 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 LFW 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.






Alan Hanson
Aldon Accounting Services
1 Church Street
Kempsey
Worcester
Worcestershire
WR5 3JG


25 August 2023