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REGISTERED NUMBER: 07526721 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023

FOR

S M COLLEY WINDOWS & DOORS LIMITED

S M COLLEY WINDOWS & DOORS LIMITED (REGISTERED NUMBER: 07526721)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28th February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S M COLLEY WINDOWS & DOORS LIMITED

COMPANY INFORMATION
for the Year Ended 28th February 2023







DIRECTOR: S M Colley





REGISTERED OFFICE: Mill House
Chapel Lane
Broseley
Shropshire
TF12 5HF





REGISTERED NUMBER: 07526721 (England and Wales)





ACCOUNTANTS: D E Ball & Co Limited
Chartered Accountants
15 Bridge Road
Wellington
Telford
Shropshire
TF1 1EB

S M COLLEY WINDOWS & DOORS LIMITED (REGISTERED NUMBER: 07526721)

BALANCE SHEET
28th February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,499 1,906

CURRENT ASSETS
Debtors 5 6,009 4,816
Cash at bank 17,734 26,635
23,743 31,451
CREDITORS
Amounts falling due within one year 6 17,234 6,388
NET CURRENT ASSETS 6,509 25,063
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,008

26,969

CREDITORS
Amounts falling due after more than one
year

7

16,058

34,890
NET LIABILITIES (8,050 ) (7,921 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (8,150 ) (8,021 )
SHAREHOLDERS' FUNDS (8,050 ) (7,921 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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.

S M COLLEY WINDOWS & DOORS LIMITED (REGISTERED NUMBER: 07526721)

BALANCE SHEET - continued
28th 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th November 2023 and were signed by:





S M Colley - Director


S M COLLEY WINDOWS & DOORS LIMITED (REGISTERED NUMBER: 07526721)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28th February 2023

1. STATUTORY INFORMATION

S M Colley Windows & Doors 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.

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 - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year 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.

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.

Going concern
The company is dependent on the support financially of the Director. The Director has indicated, at this stage, their continued support for the next twelve months.

3. EMPLOYEES AND DIRECTORS

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

S M COLLEY WINDOWS & DOORS LIMITED (REGISTERED NUMBER: 07526721)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28th February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st March 2022
and 28th February 2023 1,145 12,887 4,500 18,532
DEPRECIATION
At 1st March 2022 515 12,769 3,342 16,626
Charge for year 95 23 289 407
At 28th February 2023 610 12,792 3,631 17,033
NET BOOK VALUE
At 28th February 2023 535 95 869 1,499
At 28th February 2022 630 118 1,158 1,906

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 2,765 1,650
Deferred tax asset 2,883 2,853
Prepayments 361 313
6,009 4,816

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 7,802 1,267
Social security and other taxes 6,971 3,190
Accrued expenses 2,461 1,931
17,234 6,388

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Directors loan account 16,058 34,890

8. ULTIMATE CONTROLLING PARTY

The controlling party is S M Colley.