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Company Registration No. 05048296 (England and Wales)
The Window Company Limited Unaudited accounts for the year ended 28 February 2023
The Window Company Limited Unaudited accounts Contents
Page
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The Window Company Limited Company Information for the year ended 28 February 2023
Directors
Daniel Charles Cousins Kirsty Susan Redfern
Company Number
05048296 (England and Wales)
Registered Office
Unit E, Liners Industrial Estate Pitt Road, Feemantle Southampton SO15 3FQ United Kingdom
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The Window Company Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
30,224 
56,060 
Current assets
Inventories
83,688 
101,120 
Debtors
344,788 
328,410 
Cash at bank and in hand
88,407 
89,274 
516,883 
518,804 
Creditors: amounts falling due within one year
(268,335)
(290,497)
Net current assets
248,548 
228,307 
Total assets less current liabilities
278,772 
284,367 
Creditors: amounts falling due after more than one year
(23,777)
(33,777)
Provisions for liabilities
Deferred tax
(13,460)
(13,460)
Net assets
241,535 
237,130 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
241,533 
237,128 
Shareholders' funds
241,535 
237,130 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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
Kirsty Susan Redfern Director Company Registration No. 05048296
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The Window Company Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
The Window Company Limited is a private company, limited by shares, registered in England and Wales, registration number 05048296. The registered office is Unit E, Liners Industrial Estate, Pitt Road, Feemantle, Southampton, SO15 3FQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% on cost and 20% on cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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The Window Company Limited Notes to the Accounts for the year ended 28 February 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting polices. In preparing these financial statements, the directors have made the following judgements: Determine whether there are indicators of impairment of the company's inventories and tangible fixed assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit. Determine whether leases are entered into by the company as a lessee are operating or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis. Other key sources of estimation uncertainty: Tangible fixed assets (note 4) Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2022
207,688 
Additions
2,242 
At 28 February 2023
209,930 
Depreciation
At 1 March 2022
151,628 
Charge for the year
28,078 
At 28 February 2023
179,706 
Net book value
At 28 February 2023
30,224 
At 28 February 2022
56,060 
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The Window Company Limited Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
230,502 
243,355 
Amounts due from group undertakings etc.
82,301 
1,890 
Accrued income and prepayments
22,465 
64,229 
Other debtors
9,520 
18,936 
344,788 
328,410 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
14,212 
(1,834)
Obligations under finance leases and hire purchase contracts
5,534 
13,018 
Trade creditors
181,076 
237,514 
Amounts owed to group undertakings and other participating interests
4,000 
- 
Taxes and social security
30,995 
27,000 
Other creditors
22,518 
4,799 
268,335 
290,497 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
23,777 
33,777 
8
Controlling party
The immediate parent and controlling party of the company is The Window Company Holding Limited, a company registered in England and Wales. Its registered office address is the same as that of this company, which is shown on the company information page.
9
Average number of employees
During the year the average number of employees was 11 (2022: 12).
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