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REGISTERED NUMBER: 01206591 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2023

for

SEASON MASTER DOUBLE GLAZING LIMITED

SEASON MASTER DOUBLE GLAZING LIMITED (REGISTERED NUMBER: 01206591)

Contents of the Financial Statements
for the year ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SEASON MASTER DOUBLE GLAZING LIMITED

Company Information
for the year ended 30 April 2023







Directors: T R Britten
A J Britten
Mrs V J Massey
W L R Britten





Secretary: T R Britten





Registered office: 10 Maxted Road
Hemel Hempstead
Hertfordshire
HP2 7DX





Registered number: 01206591 (England and Wales)





Accountants: Haines Watts North London LLP
3rd Floor
Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ

SEASON MASTER DOUBLE GLAZING LIMITED (REGISTERED NUMBER: 01206591)

Balance Sheet
30 April 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 160,031 217,827

Current assets
Stocks 681,683 551,108
Debtors 5 286,470 119,920
Cash at bank and in hand 1,736,466 1,258,380
2,704,619 1,929,408
Creditors
Amounts falling due within one year 6 544,574 458,674
Net current assets 2,160,045 1,470,734
Total assets less current liabilities 2,320,076 1,688,561

Provisions for liabilities 15,107 15,107
Net assets 2,304,969 1,673,454

Capital and reserves
Called up share capital 7 10,000 10,000
Retained earnings 2,294,969 1,663,454
Shareholders' funds 2,304,969 1,673,454

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

SEASON MASTER DOUBLE GLAZING LIMITED (REGISTERED NUMBER: 01206591)

Balance Sheet - continued
30 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 January 2024 and were signed on its behalf by:





W L R Britten - Director


SEASON MASTER DOUBLE GLAZING LIMITED (REGISTERED NUMBER: 01206591)

Notes to the Financial Statements
for the year ended 30 April 2023


1. Statutory information

Season Master Double Glazing 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 (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 1% on a straight line basis
Long leasehold - 1% on a straight line basis
Fixtures and fittings - 35% 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.

SEASON MASTER DOUBLE GLAZING LIMITED (REGISTERED NUMBER: 01206591)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 7 (2022 - 7 ) .

SEASON MASTER DOUBLE GLAZING LIMITED (REGISTERED NUMBER: 01206591)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


4. Tangible fixed assets
Fixtures
Freehold Long and Motor
property leasehold fittings vehicles Totals
£ £ £ £ £
Cost
At 1 May 2022 216,343 36,868 317,657 129,290 700,158
Additions - - 694 - 694
Disposals - - - (82,581 ) (82,581 )
At 30 April 2023 216,343 36,868 318,351 46,709 618,271
Depreciation
At 1 May 2022 86,521 9,290 313,589 72,931 482,331
Charge for year 2,163 369 1,572 657 4,761
Eliminated on disposal - - - (28,852 ) (28,852 )
At 30 April 2023 88,684 9,659 315,161 44,736 458,240
Net book value
At 30 April 2023 127,659 27,209 3,190 1,973 160,031
At 30 April 2022 129,822 27,578 4,068 56,359 217,827

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 232,858 80,341
Other debtors 53,612 39,579
286,470 119,920

6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts - 133,279
Trade creditors 180,367 98,288
Taxation and social security 339,399 202,826
Other creditors 24,808 24,281
544,574 458,674

SEASON MASTER DOUBLE GLAZING LIMITED (REGISTERED NUMBER: 01206591)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
9,900 Ordinary 1 9,900 9,900
100 Deferred 1 100 100
10,000 10,000