WINTER REFURBISHMENT LIMITED

Company Registration Number:
05477949 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2023

Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

WINTER REFURBISHMENT LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2023

Balance sheet
Notes

WINTER REFURBISHMENT LIMITED

Balance sheet

As at 30 September 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 4,146 6,680
Total fixed assets: 4,146 6,680
Current assets
Stocks: 24,277 14,900
Debtors:   310,268 293,814
Cash at bank and in hand: 491,095 404,512
Investments:   100,014 101,443
Total current assets: 925,654 814,669
Creditors: amounts falling due within one year:   (373,897) (284,676)
Net current assets (liabilities): 551,757 529,993
Total assets less current liabilities: 555,903 536,673
Creditors: amounts falling due after more than one year:   (29,691) (39,219)
Provision for liabilities: (1,037) (1,436)
Total net assets (liabilities): 525,175 496,018
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 525,075 495,918
Shareholders funds: 525,175 496,018

The notes form part of these financial statements

WINTER REFURBISHMENT LIMITED

Balance sheet statements

For the year ending 30 September 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 05 February 2024
and signed on behalf of the board by:

Name: Mr P J Winter
Status: Director

The notes form part of these financial statements

WINTER REFURBISHMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services netof VAT.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net ofdepreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over theiruseful lives on the following bases:Fixtures, fittings and equipment 25% reducing balanceComputer equipment 33.33% straight lineThe gain or loss arising on the disposal of an asset is determined as the difference between the saleproceeds and the carrying value of the asset, and is credited or charged to the profit and loss account.

Valuation and information policy

Stock and work in progressStock and work in progress is stated at the lower of cost and estimated selling price less costs to completeand sell. Cost comprises of direct materials and, where applicable, direct labour costs.InvestmentsInvestments classified as current assets are initially measured at transaction price and subsequentlymeasured at fair value at each reporting date. Changes in fair value are recognised in the profit and lossaccount.

Other accounting policies

Financial instrumentsThe company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.Financial instruments are recognised in the company's balance sheet when the company becomes party tothe contractual provisions of the instrument.Basic financial assetsBasic financial assets, which include debtors and cash and bank balances, are initially measured attransaction price including transaction costs and are subsequently carried at amortised cost using theeffective interest method unless the arrangement constitutes a financing transaction, where the transaction ismeasured at the present value of the future receipts discounted at a market rate of interest. Financial assetsclassified as receivable within one year are not amortised.Basic financial liabilitiesBasic financial liabilities are initially recognised at transaction price unless the arrangement constitutes afinancing transaction, where the debt instrument is measured at the present value of the future paymentsdiscounted at a market rate of interest. Financial liabilities classified as payable within one year are notamortised.Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course ofbusiness from suppliers. Amounts payable are classified as current liabilities if payment is due within one yearor less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially attransaction price and subsequently measured at amortised cost using the effective interest method.TaxationThe tax expense represents the sum of the tax currently payable and deferred tax.Current taxThe tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit asreported in the profit and loss account because it excludes items of income or expense that are taxable ordeductible in other years and it further excludes items that are never taxable or deductible. The company’sliability for current tax is calculated using tax rates that have been enacted or substantively enacted by thereporting end date.Deferred taxDeferred tax liabilities are generally recognised for all timing differences and deferred tax assets arerecognised to the extent that it is probable that they will be recovered against the reversal of deferred taxliabilities or other future taxable profits.Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settledor the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when itrelates to items charged or credited directly to equity, in which case the deferred tax is also dealt with inequity.

WINTER REFURBISHMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

2. Employees

2023 2022
Average number of employees during the period 3 3

WINTER REFURBISHMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Tangible Assets

Total
Cost £
At 01 October 2022 25,541
At 30 September 2023 25,541
Depreciation
At 01 October 2022 18,861
Charge for year 2,534
At 30 September 2023 21,395
Net book value
At 30 September 2023 4,146
At 30 September 2022 6,680

WINTER REFURBISHMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Financial commitments

The company had total financial commitments amounting to £10,200 (2022 - £10,200).

WINTER REFURBISHMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Related party transactions

Name of the related party:
Relationship:
Director
Description of the Transaction: At the balance sheet date, £378 (2022 - £222) was owed to the director.
£
Balance at 01 October 2022 222
Balance at 30 September 2023 378