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REGISTERED NUMBER: 06919742 (England and Wales)















M J WINDSCREENS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023






M J WINDSCREENS LIMITED (REGISTERED NUMBER: 06919742)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


M J WINDSCREENS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTORS: Mrs J Odlin
Mr M Odlin
Mrs P M Smalley
Mr D C Odlin





REGISTERED OFFICE: 28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB





REGISTERED NUMBER: 06919742 (England and Wales)

M J WINDSCREENS LIMITED (REGISTERED NUMBER: 06919742)

BALANCE SHEET
31ST JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 29,205 34,073
Tangible assets 5 331,074 113,992
360,279 148,065

CURRENT ASSETS
Stocks 26,000 15,000
Debtors 6 141,998 92,099
Cash at bank and in hand 194,970 204,806
362,968 311,905
CREDITORS
Amounts falling due within one year 7 234,553 155,678
NET CURRENT ASSETS 128,415 156,227
TOTAL ASSETS LESS CURRENT
LIABILITIES

488,694

304,292

CREDITORS
Amounts falling due after more than one
year

8

131,053

-
NET ASSETS 357,641 304,292

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 357,541 304,192
SHAREHOLDERS' FUNDS 357,641 304,292

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

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 Board of Directors and authorised for issue on 16th January 2024 and were signed on its behalf by:




Mr M Odlin - Director


M J WINDSCREENS LIMITED (REGISTERED NUMBER: 06919742)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

1. STATUTORY INFORMATION

M J Windscreens 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 2009, is being amortised evenly over its estimated useful life of twenty 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.
Long leasehold - the period of the lease
Plant and machinery - Straight line over 4 years
Fixtures and fittings - Straight line over 4 years
Motor vehicles - Straight line over 4 years
Computer equipment - Straight line over 4 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

M J WINDSCREENS LIMITED (REGISTERED NUMBER: 06919742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st August 2022
and 31st July 2023 97,353
AMORTISATION
At 1st August 2022 63,280
Charge for year 4,868
At 31st July 2023 68,148
NET BOOK VALUE
At 31st July 2023 29,205
At 31st July 2022 34,073

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1st August 2022 - 17,104 -
Additions 231,808 - 5,106
At 31st July 2023 231,808 17,104 5,106
DEPRECIATION
At 1st August 2022 - 16,846 -
Charge for year 2,390 94 603
At 31st July 2023 2,390 16,940 603
NET BOOK VALUE
At 31st July 2023 229,418 164 4,503
At 31st July 2022 - 258 -

M J WINDSCREENS LIMITED (REGISTERED NUMBER: 06919742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st August 2022 206,715 3,503 227,322
Additions 27,710 2,924 267,548
At 31st July 2023 234,425 6,427 494,870
DEPRECIATION
At 1st August 2022 93,859 2,625 113,330
Charge for year 46,729 650 50,466
At 31st July 2023 140,588 3,275 163,796
NET BOOK VALUE
At 31st July 2023 93,837 3,152 331,074
At 31st July 2022 112,856 878 113,992

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 141,998 91,856
Other debtors - 243
141,998 92,099

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 5,000 -
Hire purchase contracts 5,333 -
Trade creditors 43,007 31,513
Taxation and social security 68,152 40,875
Other creditors 113,061 83,290
234,553 155,678

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 124,387 -
Hire purchase contracts 6,666 -
131,053 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 104,387 -