IRIS Accounts Production v23.3.1.45 03326086 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh033260862022-06-30033260862023-06-30033260862022-07-012023-06-30033260862021-06-30033260862021-07-012022-06-30033260862022-06-3003326086ns10:Originalns15:EnglandWales2022-07-012023-06-3003326086ns14:PoundSterlingns10:Original2022-07-012023-06-3003326086ns10:Originalns10:Director12022-07-012023-06-3003326086ns10:Original2022-07-012023-06-3003326086ns10:Original2023-06-3003326086ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3003326086ns10:Originalns10:SmallEntities2022-07-012023-06-3003326086ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3003326086ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3003326086ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3003326086ns10:Originalns10:FullAccounts2022-07-012023-06-3003326086ns10:Original12022-07-012023-06-3003326086ns10:Originalns10:OrdinaryShareClass12022-07-012023-06-3003326086ns10:Originalns10:Director22022-07-012023-06-3003326086ns10:Originalns10:Director32022-07-012023-06-3003326086ns10:CompanySecretary1ns10:Original2022-07-012023-06-3003326086ns10:Originalns10:RegisteredOffice2022-07-012023-06-3003326086ns10:Original2022-06-3003326086ns10:Originalns5:CurrentFinancialInstruments2023-06-3003326086ns10:Originalns5:CurrentFinancialInstruments2022-06-3003326086ns10:Originalns5:Non-currentFinancialInstruments2023-06-3003326086ns10:Originalns5:Non-currentFinancialInstruments2022-06-3003326086ns5:ShareCapitalns10:Original2023-06-3003326086ns5:ShareCapitalns10:Original2022-06-3003326086ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3003326086ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3003326086ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-07-012023-06-3003326086ns10:Originalns5:PlantMachinery2022-07-012023-06-3003326086ns10:Originalns5:FurnitureFittings2022-07-012023-06-3003326086ns10:Originalns5:MotorVehicles2022-07-012023-06-3003326086ns10:Originalns5:ComputerEquipment2022-07-012023-06-3003326086ns10:Original2021-07-012022-06-3003326086ns10:Originalns5:NetGoodwill2022-06-3003326086ns10:Originalns5:NetGoodwill2023-06-3003326086ns10:Originalns5:NetGoodwill2022-06-3003326086ns10:Originalns5:PlantMachinery2022-06-3003326086ns10:Originalns5:FurnitureFittings2022-06-3003326086ns10:Originalns5:MotorVehicles2022-06-3003326086ns10:Originalns5:ComputerEquipment2022-06-3003326086ns10:Original2022-06-3003326086ns10:Originalns5:PlantMachinery2023-06-3003326086ns10:Originalns5:FurnitureFittings2023-06-3003326086ns10:Originalns5:MotorVehicles2023-06-3003326086ns10:Originalns5:ComputerEquipment2023-06-3003326086ns10:Originalns5:PlantMachinery2022-06-3003326086ns10:Originalns5:FurnitureFittings2022-06-3003326086ns10:Originalns5:MotorVehicles2022-06-3003326086ns10:Originalns5:ComputerEquipment2022-06-3003326086ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3003326086ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3003326086ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-06-3003326086ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-06-3003326086ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3003326086ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-06-3003326086ns10:Originalns5:HirePurchaseContractsns5:WithinOneYear2023-06-3003326086ns10:Originalns5:HirePurchaseContractsns5:WithinOneYear2022-06-3003326086ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3003326086ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3003326086ns10:Originalns5:WithinOneYear2023-06-3003326086ns10:Originalns5:WithinOneYear2022-06-3003326086ns5:BetweenOneFiveYearsns10:Original2023-06-3003326086ns5:BetweenOneFiveYearsns10:Original2022-06-3003326086ns10:Originalns5:AllPeriods2023-06-3003326086ns10:Originalns5:AllPeriods2022-06-3003326086ns10:Originalns10:OrdinaryShareClass12023-06-30
REGISTERED NUMBER: 03326086 (England and Wales)






Wakefield Trade Windows Limited

Financial Statements

for the Year Ended 30 June 2023






Wakefield Trade Windows Limited (Registered number: 03326086)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wakefield Trade Windows Limited

Company Information
for the year ended 30 June 2023







DIRECTORS: Mr P Hujwan
Mrs G Hujwan
Mr J B Hujwan





SECRETARY: Mr P Hujwan





REGISTERED OFFICE: 33 George Street
Wakefield
West Yorkshire
WF1 1LX





REGISTERED NUMBER: 03326086 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

Wakefield Trade Windows Limited (Registered number: 03326086)

Balance Sheet
30 June 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 65,487 87,004
65,487 87,004

CURRENT ASSETS
Stocks 77,317 90,058
Debtors 6 152,963 197,044
Cash at bank and in hand 71,802 160,171
302,082 447,273
CREDITORS
Amounts falling due within one year 7 274,359 361,678
NET CURRENT ASSETS 27,723 85,595
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,210

172,599

CREDITORS
Amounts falling due after more than one
year

8

(19,869

)

(28,995

)

PROVISIONS FOR LIABILITIES (16,017 ) (21,888 )
NET ASSETS 57,324 121,716

Wakefield Trade Windows Limited (Registered number: 03326086)

Balance Sheet - continued
30 June 2023

2023 2022
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 11 10,000 10,000
Retained earnings 47,324 111,716
SHAREHOLDERS' FUNDS 57,324 121,716

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 18 January 2024 and were signed on its behalf by:





Mr P Hujwan - Director


Wakefield Trade Windows Limited (Registered number: 03326086)

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


1. STATUTORY INFORMATION

Wakefield Trade Windows 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 company's business address is 42 Smythe Street, Wakefield, West Yorkshire, WF1 1ED.

The company's functional and presentation currency is the pound sterling £. All financial information presented has been rounded to the nearest £, unless otherwise stated.

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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 12.5% on cost
Fixtures and fittings - 12.5% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Tangible fixed assets are initially recorded at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Wakefield Trade Windows Limited (Registered number: 03326086)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the balance sheet when and only when there exists a legally enforceable right to set off the recognised amounts and the company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when; a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or, c) the company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 16 ) .

Wakefield Trade Windows Limited (Registered number: 03326086)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 July 2022
and 30 June 2023 70,000
AMORTISATION
At 1 July 2022
and 30 June 2023 70,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 July 2022 434,304 14,587 97,355 22,417 568,663
Additions 4,771 - - 79 4,850
At 30 June 2023 439,075 14,587 97,355 22,496 573,513
DEPRECIATION
At 1 July 2022 387,788 13,954 58,085 21,832 481,659
Charge for year 15,794 279 9,818 476 26,367
At 30 June 2023 403,582 14,233 67,903 22,308 508,026
NET BOOK VALUE
At 30 June 2023 35,493 354 29,452 188 65,487
At 30 June 2022 46,516 633 39,270 585 87,004

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 67,225 100,760
Amounts owed by associates 72,160 77,500
Prepayments and accrued income 13,578 18,784
152,963 197,044

Wakefield Trade Windows Limited (Registered number: 03326086)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 10,014 10,648
Hire purchase contracts (see note 9) - 2,752
Trade creditors 182,376 181,407
Tax 7,946 37,412
Social security and other taxes 6,868 9,207
VAT 27,333 37,623
Other creditors 2,332 7,419
Directors' current accounts 31,533 69,533
Accruals and deferred income 5,957 5,677
274,359 361,678

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans - 1-2 years 10,269 10,648
Bank loans - 2-5 years 9,600 18,347
19,869 28,995

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£ £
Gross obligations repayable:
Within one year - 3,259

Finance charges repayable:
Within one year - 507

Net obligations repayable:
Within one year - 2,752

Non-cancellable
operating leases
2023 2022
£ £
Within one year 27,000 27,000
Between one and five years 18,000 45,000
45,000 72,000

Wakefield Trade Windows Limited (Registered number: 03326086)

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


10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Hire purchase contracts - 2,752

11. CALLED UP SHARE CAPITAL

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

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £41,600 were paid to the directors .