Registered number
12095634
Misty Window Fixer Limited
Filleted Accounts
31 July 2023
Misty Window Fixer Limited
Registered number: 12095634
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 17,066 8,599
Current assets
Cash at bank and in hand 37,221 22,887
Creditors: amounts falling due within one year 4 (43,837) (23,103)
Net current liabilities (6,616) (216)
Total assets less current liabilities 10,450 8,383
Creditors: amounts falling due after more than one year 5 (2,419) (3,519)
Net assets 8,031 4,864
Capital and reserves
Called up share capital 2 2
Profit and loss account 8,029 4,862
Shareholders' funds 8,031 4,864
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr K B Williams
Director
Approved by the board on 10 November 2023
Misty Window Fixer Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 4 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2022 1,730 8,250 9,980
Additions - 14,500 14,500
At 31 July 2023 1,730 22,750 24,480
Depreciation
At 1 August 2022 1,038 343 1,381
Charge for the year 346 5,687 6,033
At 31 July 2023 1,384 6,030 7,414
Net book value
At 31 July 2023 346 16,720 17,066
At 31 July 2022 692 7,907 8,599
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 1,100 1,100
Trade creditors 7,119 6,550
Taxation and social security costs 10,974 6,893
Other creditors 24,644 8,560
43,837 23,103
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 2,419 3,519
6 Other information
Misty Window Fixer Limited is a private company limited by shares and incorporated in England. Its registered office is:
20 Morley Croft
Farington Moss
Leyland
Lancashire
PR26 6QS
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