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REGISTERED NUMBER: 05277745 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 30 NOVEMBER 2021 TO 28 NOVEMBER 2022

FOR

STROUD WINDOWS (GLOUCESTERSHIRE) LIMITED

STROUD WINDOWS (GLOUCESTERSHIRE) LIMITED (REGISTERED NUMBER: 05277745)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 NOVEMBER 2021 TO 28 NOVEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STROUD WINDOWS (GLOUCESTERSHIRE) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 30 NOVEMBER 2021 TO 28 NOVEMBER 2022







DIRECTORS: Mrs N J Dummer
C J Dummer





REGISTERED OFFICE: Unit 19 Ryeford Industrial Estate
Stonehouse
Gloucestershire
GL10 2LA





REGISTERED NUMBER: 05277745 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

STROUD WINDOWS (GLOUCESTERSHIRE) LIMITED (REGISTERED NUMBER: 05277745)

BALANCE SHEET
28 NOVEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 102,425 -
Tangible assets 5 195,163 91,722
297,588 91,722

CURRENT ASSETS
Stocks 41,500 6,500
Debtors 6 414,839 264,590
Cash at bank 112,619 186,125
568,958 457,215
CREDITORS
Amounts falling due within one year 7 480,490 352,226
NET CURRENT ASSETS 88,468 104,989
TOTAL ASSETS LESS CURRENT
LIABILITIES

386,056

196,711

CREDITORS
Amounts falling due after more than one
year

8

(323,958

)

(139,413

)

PROVISIONS FOR LIABILITIES (21,744 ) (17,428 )
NET ASSETS 40,354 39,870

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 40,254 39,770
40,354 39,870

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 November 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 November 2022 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.

STROUD WINDOWS (GLOUCESTERSHIRE) LIMITED (REGISTERED NUMBER: 05277745)

BALANCE SHEET - continued
28 NOVEMBER 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2023 and were signed on its behalf by:




C J Dummer - Director



Mrs N J Dummer - Director


STROUD WINDOWS (GLOUCESTERSHIRE) LIMITED (REGISTERED NUMBER: 05277745)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 NOVEMBER 2021 TO 28 NOVEMBER 2022

1. STATUTORY INFORMATION

Stroud Windows (Gloucestershire) 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
Revenue represents the invoiced value of services provided during the period, stated net of VAT.

Revenue is recognised when the service has been provided and all obligations to the customers have been fulfilled.

Intangible assets
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.

Franchise setup is being amortised evenly over its estimated useful life of ten years.

Franchise setup

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


STROUD WINDOWS (GLOUCESTERSHIRE) LIMITED (REGISTERED NUMBER: 05277745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 NOVEMBER 2021 TO 28 NOVEMBER 2022

2. ACCOUNTING POLICIES - continued
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 period 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.

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.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

Going concern
There are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern with the ongoing support of the directors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 15 (2021 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 102,425
At 28 November 2022 102,425
NET BOOK VALUE
At 28 November 2022 102,425

STROUD WINDOWS (GLOUCESTERSHIRE) LIMITED (REGISTERED NUMBER: 05277745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 NOVEMBER 2021 TO 28 NOVEMBER 2022

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 30 November 2021 49,185 29,588 89,252 168,025
Additions 5,153 1,078 121,577 127,808
At 28 November 2022 54,338 30,666 210,829 295,833
DEPRECIATION
At 30 November 2021 16,547 8,740 51,016 76,303
Charge for period 7,231 4,133 13,003 24,367
At 28 November 2022 23,778 12,873 64,019 100,670
NET BOOK VALUE
At 28 November 2022 30,560 17,793 146,810 195,163
At 29 November 2021 32,638 20,848 38,236 91,722

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 42,726 23,298
Amounts owed by group undertakings 171,707 33,854
S455 Tax Debtor 27,345 27,345
Directors' loan accounts 169,267 170,139
Prepayments and accrued income 3,794 9,954
414,839 264,590

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 97,554 66,209
Hire purchase contracts 19,224 20,834
Trade creditors 159,179 66,901
Corporation Tax 63,093 50,038
Social security and other taxes (953 ) 8,226
Pension 1,232 1,420
VAT 5,518 33,033
Other creditors 10,525 4,099
Accruals and deferred income 125,118 101,466
480,490 352,226

STROUD WINDOWS (GLOUCESTERSHIRE) LIMITED (REGISTERED NUMBER: 05277745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 NOVEMBER 2021 TO 28 NOVEMBER 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 1-2 years 65,680 49,685
Bank loans - 2-5 years 134,357 51,895
Hire purchase contracts 123,921 37,833
323,958 139,413

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 28 November 2022 and the year ended 29 November 2021:

2022 2021
£    £   
C J Dummer and Mrs N J Dummer
Balance outstanding at start of period 170,140 121,187
Amounts advanced 198,542 144,727
Amounts repaid (199,415 ) (95,774 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 169,267 170,140

Interest has been charged on the loans at the HMRC approved rates. There are no set repayment terms.