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Registration number: 13895109

Sureline Windows Limited

Annual Report and Unaudited Financial Statements

for the Period from 4 February 2022 to 28 February 2023

 

Sureline Windows Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 12

 

Sureline Windows Limited

Company Information

Directors

Mr M Strudwick

Mr G Smith

Registered office

24 Southfield
Polegate
East Sussex
BN26 5LX

Accountants

Gold Accountants Limited
24 Southfield
Polegate
East Sussex
BN26 5LX

 

Sureline Windows Limited

Directors' Report for the Period from 4 February 2022 to 28 February 2023

The directors present their report and the financial statements for the period from 4 February 2022 to 28 February 2023.

Incorporation

The company was incorporated and commenced trading on 4 February 2022.

Directors of the company

The directors who held office during the period were as follows:

Mr M Strudwick (appointed 4 February 2022)

Mr G Smith (appointed 4 February 2022)

Principal activity

The principal activity of the company is upvc window installers

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 17 November 2023 and signed on its behalf by:
 

.........................................
Mr M Strudwick
Director

.........................................
Mr G Smith
Director

 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Sureline Windows Limited
for the Period Ended 28 February 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sureline Windows Limited for the period ended 28 February 2023 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Sureline Windows Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Sureline Windows Limited and state those matters that we have agreed to state to the Board of Directors of Sureline Windows Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sureline Windows Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Sureline Windows Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Sureline Windows Limited. You consider that Sureline Windows Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Sureline Windows Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Gold Accountants Limited
24 Southfield
Polegate
East Sussex
BN26 5LX

17 November 2023

 

Sureline Windows Limited

Profit and Loss Account for the Period from 4 February 2022 to 28 February 2023

Note

2023
£

Turnover

 

298,066

Cost of sales

 

(160,258)

Gross profit

 

137,808

Administrative expenses

 

(69,078)

Operating profit

 

68,730

Other interest receivable and similar income

 

12

Profit before tax

68,742

Tax on profit

 

(11,779)

Profit for the financial period

 

56,963

The above results were derived from continuing operations.

The company has no recognised gains or losses for the period other than the results above.

 

Sureline Windows Limited

Statement of Comprehensive Income for the Period from 4 February 2022 to 28 February 2023

2023
£

Profit for the period

56,963

Total comprehensive income for the period

56,963

 

Sureline Windows Limited

(Registration number: 13895109)
Balance Sheet as at 28 February 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

6,748

Current assets

 

Stocks

5

7,000

Debtors

6

12,596

Cash at bank and in hand

 

14,072

 

33,668

Creditors: Amounts falling due within one year

7

(33,453)

Net current assets

 

215

Net assets

 

6,963

Capital and reserves

 

Retained earnings

6,963

Shareholders' funds

 

6,963

For the financial period ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 17 November 2023 and signed on its behalf by:
 

.........................................
Mr M Strudwick
Director

.........................................
Mr G Smith
Director

 

Sureline Windows Limited

Statement of Changes in Equity for the Period from 4 February 2022 to 28 February 2023

Retained earnings
£

Total
£

Profit for the period

56,963

56,963

Dividends

(50,000)

(50,000)

At 28 February 2023

6,963

6,963

 

Sureline Windows Limited

Notes to the Unaudited Financial Statements for the Period from 4 February 2022 to 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
24 Southfield
Polegate
East Sussex
BN26 5LX
United Kingdom

These financial statements were authorised for issue by the Board on 17 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Sureline Windows Limited

Notes to the Unaudited Financial Statements for the Period from 4 February 2022 to 28 February 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Sureline Windows Limited

Notes to the Unaudited Financial Statements for the Period from 4 February 2022 to 28 February 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3.

 

Sureline Windows Limited

Notes to the Unaudited Financial Statements for the Period from 4 February 2022 to 28 February 2023

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

Additions

8,997

8,997

At 28 February 2023

8,997

8,997

Depreciation

Charge for the period

2,249

2,249

At 28 February 2023

2,249

2,249

Carrying amount

At 28 February 2023

6,748

6,748

5

Stocks

2023
£

Finished goods and goods for resale

7,000

6

Debtors

Current

2023
£

Trade debtors

2,178

Other debtors

10,418

 

12,596

7

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Trade creditors

20,405

Taxation and social security

9,617

Accruals and deferred income

750

Other creditors

2,681

33,453

 

Sureline Windows Limited

Notes to the Unaudited Financial Statements for the Period from 4 February 2022 to 28 February 2023

8

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary A of £0.01 each

5,000

50

Ordinary B of £0.01 each

5,000

50

Ordinary C of £0.01 each

5,000

50

Ordinary D of £0.01 each

5,000

50

Ordinary E & F of £0.01 each

10,000

100

 

30,000

300

9

Dividends

Interim dividends paid

   

2023
£

 

Interim dividend of £5.00 per each Ordinary A

 

25,000

 

Interim dividend of £5.00 per each Ordinary B

 

25,000

 
   

50,000