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Company Registration No. 04805362 (England and Wales)
Windows Plus (UK) Limited Unaudited accounts for the year ended 30 April 2023
Windows Plus (UK) Limited Unaudited accounts Contents
Page
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Windows Plus (UK) Limited Company Information for the year ended 30 April 2023
Directors
Matthew Jones Julie Jones
Secretary
Matthew Jones
Company Number
04805362 (England and Wales)
Registered Office
UNIT 6 CASTON INDUSTRIAL ESTATE 175 SALHOUSE ROAD NORWICH NORFOLK NR7 9AQ
Accountants
Accounting Associates Norwich Ltd 19 Hartwell Road Wroxham Norwich Norfolk NR12 8TL
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Windows Plus (UK) Limited Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
116,846 
73,751 
Current assets
Inventories
189,051 
218,493 
Debtors
75,078 
135,517 
Cash at bank and in hand
1,268,386 
1,008,165 
1,532,515 
1,362,175 
Creditors: amounts falling due within one year
(456,976)
(604,411)
Net current assets
1,075,539 
757,764 
Total assets less current liabilities
1,192,385 
831,515 
Provisions for liabilities
Deferred tax
(31,731)
(20,957)
Other provisions
(67,002)
(67,002)
(98,733)
(87,959)
Net assets
1,093,652 
743,556 
Capital and reserves
Called up share capital
20,610 
20,610 
Capital redemption reserve
79,390 
79,390 
Profit and loss account
993,652 
643,556 
Shareholders' funds
1,093,652 
743,556 
For the year ending 30 April 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 31 October 2023 and were signed on its behalf by
Matthew Jones Director Company Registration No. 04805362
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Windows Plus (UK) Limited Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Windows Plus (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 04805362. The registered office is UNIT 6 CASTON INDUSTRIAL ESTATE, 175 SALHOUSE ROAD, NORWICH, NORFOLK, NR7 9AQ.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Intangible fixed assets (including goodwill)
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been fully amortised evenly over its estimated useful life of ten years.
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
20% on reducing balance
Motor vehicles
20% on reducing balance
Fixtures & fittings
20% on reducing balance
Computer equipment
33% on cost
Inventories and work in progress
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion. Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
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Windows Plus (UK) Limited Notes to the Accounts for the year ended 30 April 2023
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 taxation
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. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments. Where there is a legal obligation, a dilapidations provision is created on inception of a lease. These provisions are a best estimate of the cost required to return leased properties to their original condition upon termination of the lease. Where the obligation arises from wear and tear, the provision is accrued and expensed in profit or loss as the wear and tear occurs.
Pension costs
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.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2022
63,200 
At 30 April 2023
63,200 
Amortisation
At 1 May 2022
63,200 
At 30 April 2023
63,200 
Net book value
At 30 April 2023
- 
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Windows Plus (UK) Limited Notes to the Accounts for the year ended 30 April 2023
5
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 May 2022
85,042 
126,696 
21,084 
11,983 
244,805 
Additions
1,182 
71,950 
913 
441 
74,486 
Disposals
(617)
(9,750)
(1,107)
(666)
(12,140)
At 30 April 2023
85,607 
188,896 
20,890 
11,758 
307,151 
Depreciation
At 1 May 2022
80,236 
65,115 
16,404 
9,299 
171,054 
Charge for the year
1,091 
26,633 
1,073 
1,645 
30,442 
On disposals
(188)
(9,403)
(934)
(666)
(11,191)
At 30 April 2023
81,139 
82,345 
16,543 
10,278 
190,305 
Net book value
At 30 April 2023
4,468 
106,551 
4,347 
1,480 
116,846 
At 30 April 2022
4,806 
61,581 
4,680 
2,684 
73,751 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
50,407 
108,155 
Accrued income and prepayments
24,421 
27,362 
Other debtors
250 
- 
75,078 
135,517 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
70,411 
49,208 
Trade creditors
68,038 
131,328 
Taxes and social security
125,899 
120,078 
Other creditors
2,441 
4,300 
Loans from directors
92,477 
166,253 
Accruals
17,461 
35,919 
Deferred income
80,249 
97,325 
456,976 
604,411 
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Windows Plus (UK) Limited Notes to the Accounts for the year ended 30 April 2023
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
29,212 
18,438 
Other deferred taxation
2,519 
2,519 
31,731 
20,957 
2023 
2022 
£ 
£ 
Provision at start of year
20,957 
15,409 
Charged to the profit and loss account
10,774 
5,548 
Provision at end of year
31,731 
20,957 
9
Provisions for liabilities
£ 
At 1 May 2022
67,002 
At 30 April 2023
67,002 
A provision has been made to cover dilapidations arising via the lease of Unit 6, 175 Salhouse Road, the trading premises of Windows Plus (UK) Limited. The provision includes both general and specific elements as identified in a 2021 Dilapidations Liability Report prepared by a MRICS certified surveyor. The majority of the identified costs will fall due as and when the lease is terminated, less any relevant costs already incurred prior to that date. As such there is an element of uncertainty in the exact timing and valuation of these provisions.
10
Operating lease commitments
2023 
2022 
£ 
£ 
At 30 April 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
25,470 
37,453 
Later than one year and not later than five years
2,254 
26,221 
27,724 
63,674 
11
Average number of employees
During the year the average number of employees was 17 (2022: 17).
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