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REGISTERED NUMBER: 04453604 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Kelsall Windows Limited

Kelsall Windows Limited (Registered number: 04453604)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kelsall Windows Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: M A Peters
Mrs S D Peters





REGISTERED OFFICE: Military House
24 Castle Street
Chester
Cheshire
CH1 2DS





REGISTERED NUMBER: 04453604 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Kelsall Windows Limited (Registered number: 04453604)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79,876 104,453

CURRENT ASSETS
Stocks and work in progress 60,000 60,000
Debtors 5 81,150 50,751
Cash at bank 1,214 1,086
142,364 111,837
CREDITORS
Amounts falling due within one year 6 149,951 157,386
NET CURRENT LIABILITIES (7,587 ) (45,549 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,289

58,904

CREDITORS
Amounts falling due after more than one
year

7

(56,041

)

(48,148

)

PROVISIONS FOR LIABILITIES (15,376 ) (9,966 )
NET ASSETS 872 790

CAPITAL AND RESERVES
Called up share capital 600 600
Retained earnings 272 190
SHAREHOLDERS' FUNDS 872 790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Kelsall Windows Limited (Registered number: 04453604)

Balance Sheet - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:




Mrs S D Peters - Director



M A Peters - Director


Kelsall Windows Limited (Registered number: 04453604)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Kelsall 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.

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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover
Turnover represents the net amount receivable for goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Stocks and work in progress
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 and work in progress to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Kelsall Windows Limited (Registered number: 04453604)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 157,632
Additions 60,000
Disposals (14,713 )
Impairments (52,000 )
At 31 May 2023 150,919
DEPRECIATION
At 1 June 2022 53,179
Charge for year 26,370
Eliminated on disposal (8,506 )
At 31 May 2023 71,043
NET BOOK VALUE
At 31 May 2023 79,876
At 31 May 2022 104,453

Kelsall Windows Limited (Registered number: 04453604)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2022 87,197
Additions 60,000
Disposals (14,713 )
At 31 May 2023 132,484
DEPRECIATION
At 1 June 2022 36,657
Charge for year 26,083
Eliminated on disposal (8,506 )
At 31 May 2023 54,234
NET BOOK VALUE
At 31 May 2023 78,250
At 31 May 2022 50,540

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 19,475 35,521
Other debtors 61,675 15,230
81,150 50,751

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 36,022 60,705
Hire purchase contracts 25,875 16,384
Trade creditors 8,682 9,945
Taxation and social security 61,345 51,342
Other creditors 18,027 19,010
149,951 157,386

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 10,854 15,795
Hire purchase contracts 45,187 32,353
56,041 48,148

Kelsall Windows Limited (Registered number: 04453604)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Bank overdrafts 31,022 55,705
Bank loans 15,854 20,795
Hire purchase contracts 71,062 48,737
117,938 125,237

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £87,000 (2022 - £81,000) were paid to the directors .