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REGISTERED NUMBER: 06821791 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Mayes Windows (Christchurch) Limited

Mayes Windows (Christchurch) Limited (Registered number: 06821791)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mayes Windows (Christchurch) Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mrs R A Katsarou





SECRETARY:





REGISTERED OFFICE: Unit 5 Sea Vixen Industrial Estate
Wiverley Road
CHRISTCHURCH
Dorset
BH23 3RU





REGISTERED NUMBER: 06821791 (England and Wales)





ACCOUNTANTS: Gervis
6 Wick Lane
Christchurch
Dorset
BH23 1HX

Mayes Windows (Christchurch) Limited (Registered number: 06821791)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,000 25,000
Tangible assets 5 11,443 12,524
36,443 37,524

CURRENT ASSETS
Stocks 6 13,250 11,950
Debtors 7 19,310 27,583
Cash at bank and in hand 20,795 35,398
53,355 74,931
CREDITORS
Amounts falling due within one year 8 39,747 42,099
NET CURRENT ASSETS 13,608 32,832
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,051

70,356

CREDITORS
Amounts falling due after more than one year 9 (36,577 ) (46,153 )

PROVISIONS FOR LIABILITIES 11 (1,097 ) (1,228 )
NET ASSETS 12,377 22,975

CAPITAL AND RESERVES
Called up share capital 12 1 1
Retained earnings 13 12,376 22,974
SHAREHOLDERS' FUNDS 12,377 22,975

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Mayes Windows (Christchurch) Limited (Registered number: 06821791)

Balance Sheet - continued
28 February 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 15 November 2023 and were signed by:





Mrs R A Katsarou - Director


Mayes Windows (Christchurch) Limited (Registered number: 06821791)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Mayes Windows (Christchurch) 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

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 etc - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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.


Mayes Windows (Christchurch) Limited (Registered number: 06821791)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

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 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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 25,000
NET BOOK VALUE
At 28 February 2023 25,000
At 28 February 2022 25,000

Mayes Windows (Christchurch) Limited (Registered number: 06821791)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 44,025
DEPRECIATION
At 1 March 2022 31,501
Charge for year 2,861
Charge written back (1,780 )
At 28 February 2023 32,582
NET BOOK VALUE
At 28 February 2023 11,443
At 28 February 2022 12,524

6. STOCKS
28.2.23 28.2.22
£    £   
Work-in-progress 13,250 11,950

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 12,938 19,825
VAT - 1,386
Prepayments and accrued income 4,668 4,668
Rent deposit 1,704 1,704
19,310 27,583

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts (see note 10) 386 908
Trade creditors 27,760 17,590
Tax 7,832 4,862
VAT 3,687 -
Directors' current accounts 82 18,739
39,747 42,099

Mayes Windows (Christchurch) Limited (Registered number: 06821791)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans (see note 10) 36,577 46,153

10. LOANS

An analysis of the maturity of loans is given below:

28.2.23 28.2.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 386 908

Amounts falling due between one and two years:
Bank loans - 1-2 years 36,577 46,153

11. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 1,097 1,228

Deferred
tax
£   
Balance at 1 March 2022 1,228
Utilised during year (131 )
Balance at 28 February 2023 1,097

12. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
1 Ordinary 1 1 1

Mayes Windows (Christchurch) Limited (Registered number: 06821791)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

13. RESERVES
Retained
earnings
£   

At 1 March 2022 22,974
Profit for the year 15,402
Dividends (26,000 )
At 28 February 2023 12,376