Registered number
07324062
STROUD GREEN WINDOWS LTD
Filleted Accounts
31 July 2023
STROUD GREEN WINDOWS LTD
Registered number: 07324062
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 227,686 250,401
Current assets
Stocks 91,215 87,574
Debtors 4 15,014 45,881
Investments held as current assets 5 240,390 291,990
Cash at bank and in hand 604,088 331,736
950,707 757,181
Creditors: amounts falling due within one year 6 (1,005,955) (893,054)
Net current liabilities (55,248) (135,873)
Total assets less current liabilities 172,438 114,528
Creditors: amounts falling due after more than one year 7 (26,183) (34,035)
Provisions for liabilities (786) (546)
Net assets 145,469 79,947
Capital and reserves
Called up share capital 100 100
Profit and loss account 145,369 79,847
Shareholders' funds 145,469 79,947
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.
Yelena Zargaryan
Director
Approved by the board on 22 April 2024
STROUD GREEN WINDOWS LTD
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.
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 20% reducing balance
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably,
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event eg construction works.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 10 9
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 August 2022 189,517 4,020 230,724 424,261
Additions 34,205 - - 34,205
At 31 July 2023 223,722 4,020 230,724 458,466
Depreciation
At 1 August 2022 115,439 1,588 56,833 173,860
Charge for the year 21,656 486 34,778 56,920
At 31 July 2023 137,095 2,074 91,611 230,780
Net book value
At 31 July 2023 86,627 1,946 139,113 227,686
At 31 July 2022 74,078 2,432 173,891 250,401
4 Debtors 2023 2022
£ £
Trade debtors 15,014 45,881
5 Investments held as current assets 2023 2022
£ £
Fair value
Unlisted investments-Olovo Ltd 240,390 291,990
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 131,650 220,277
Taxation and social security costs 50,216 54,889
Other creditors 824,089 617,888
1,005,955 893,054
7 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 26,183 34,035
8 Loans 2023 2022
£ £
Other Creditors include:
Loan from Director 402,624 314,305
9 Controlling party
Yelena Zargaryan
10 Other information
Name change :
Company has changed its name form Bekim Ltd to STROUD GREEN WINDOWS LTD
Registered office address:
STROUD GREEN WINDOWS LTD is a private company limited by shares and incorporated in England. Its registered office is:
178 Stroud Green Road
London
N4 3RS
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