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REGISTERED NUMBER: 06466576 (England and Wales)














KINGS WINDOWS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






KINGS WINDOWS LIMITED (REGISTERED NUMBER: 06466576)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


KINGS WINDOWS LIMITED

COMPANY INFORMATION
for the Year Ended 28 February 2023







DIRECTORS: A R King
G R King





SECRETARY: A R King





REGISTERED OFFICE: 5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE





BUSINESS ADDRESS: Unit 10a
Barton Industrial Estate
Faldo Road
Barton-Le-Clay
Bedfordshire
MK45 4RP





REGISTERED NUMBER: 06466576 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

KINGS WINDOWS LIMITED (REGISTERED NUMBER: 06466576)

STATEMENT OF FINANCIAL POSITION
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 106,512 111,369

CURRENT ASSETS
Stocks 6 44,417 23,532
Debtors 7 685,821 604,420
Cash at bank 217,125 191,534
947,363 819,486
CREDITORS
Amounts falling due within one year 8 148,107 135,836
NET CURRENT ASSETS 799,256 683,650
TOTAL ASSETS LESS CURRENT
LIABILITIES

905,768

795,019

CREDITORS
Amounts falling due after more than one
year

9

(11,389

)

(30,845

)

PROVISIONS FOR LIABILITIES (20,370 ) (16,101 )
NET ASSETS 874,009 748,073

CAPITAL AND RESERVES
Called up, paid and allotted share capital 2 2
Retained earnings 874,007 748,071
SHAREHOLDERS' FUNDS 874,009 748,073

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 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.

KINGS WINDOWS LIMITED (REGISTERED NUMBER: 06466576)

STATEMENT OF FINANCIAL POSITION - 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 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 29 November 2023 and were signed on its behalf by:





A R King - Director


KINGS WINDOWS LIMITED (REGISTERED NUMBER: 06466576)

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

1. STATUTORY INFORMATION

Kings Windows 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, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Income recognition
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

KINGS WINDOWS LIMITED (REGISTERED NUMBER: 06466576)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2022 158 40,102 230,424 270,684
Additions - 31,844 - 31,844
Disposals - (2,290 ) - (2,290 )
At 28 February 2023 158 69,656 230,424 300,238
DEPRECIATION
At 1 March 2022 92 4,504 154,719 159,315
Charge for year 17 16,861 18,929 35,807
Eliminated on disposal - (1,396 ) - (1,396 )
At 28 February 2023 109 19,969 173,648 193,726
NET BOOK VALUE
At 28 February 2023 49 49,687 56,776 106,512
At 28 February 2022 66 35,598 75,705 111,369

6. STOCKS
2023 2022
£    £   
Stocks 44,417 23,532

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 40,882 2,185
Other debtors 644,939 602,235
685,821 604,420

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,984 9,209
Hire purchase contracts (see note 10) 1,393 10,231
Trade creditors 78,990 37,552
Taxation and social security 51,184 64,822
Other creditors 11,556 14,022
148,107 135,836

KINGS WINDOWS LIMITED (REGISTERED NUMBER: 06466576)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 11,214 29,929
Hire purchase contracts (see note 10) 175 916
11,389 30,845

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 1,393 10,231
Between one and five years 175 916
1,568 11,147

Non-cancellable operating leases
2023 2022
£    £   
Within one year 12,750 12,750

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
A R King and G R King
Balance outstanding at start of year 59,766 (3,911 )
Amounts advanced 102,986 63,677
Amounts repaid (59,766 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 102,986 59,766

12. RELATED PARTY DISCLOSURES

The directors operate a loan account with the company, which is interest free and repayable on demand.

Details of transactions during the financial year can be found above.