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REGISTERED NUMBER: 02194948 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2022

for

Colfax Window Systems Limited

Colfax Window Systems Limited (Registered number: 02194948)

Contents of the Financial Statements
for the Year Ended 31 December 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Colfax Window Systems Limited

Company Information
for the Year Ended 31 December 2022







DIRECTOR: A Goodall





REGISTERED OFFICE: Leads Road
Kingston Upon Hull
HU8 0DE





REGISTERED NUMBER: 02194948 (England and Wales)





ACCOUNTANTS: Lindley Adams Limited Chartered Accountants
28 Prescott Street
Halifax
West Yorkshire
HX1 2LG

Colfax Window Systems Limited (Registered number: 02194948)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,208 72,969

CURRENT ASSETS
Stocks 29,950 30,000
Debtors 5 82,914 45,933
Cash at bank 53,145 78,121
166,009 154,054
CREDITORS
Amounts falling due within one year 6 330,303 231,453
NET CURRENT LIABILITIES (164,294 ) (77,399 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(102,086

)

(4,430

)

CREDITORS
Amounts falling due after more than one
year

7

50,958

50,958
NET LIABILITIES (153,044 ) (55,388 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (154,044 ) (56,388 )
(153,044 ) (55,388 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 31 January 2024 and were signed by:





A Goodall - Director


Colfax Window Systems Limited (Registered number: 02194948)

Notes to the Financial Statements
for the Year Ended 31 December 2022


1. STATUTORY INFORMATION

Colfax Window Systems 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.

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 cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% 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.

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 28 (2021 - 28 ) .

Colfax Window Systems Limited (Registered number: 02194948)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2022 2,362 55,586 15,021 72,969
Additions - - 763 763
At 31 December 2022 2,362 55,586 15,784 73,732
DEPRECIATION
Charge for year 29 8,338 3,157 11,524
At 31 December 2022 29 8,338 3,157 11,524
NET BOOK VALUE
At 31 December 2022 2,333 47,248 12,627 62,208
At 31 December 2021 2,362 55,586 15,021 72,969

5. DEBTORS
31.12.22 31.12.21
£    £   
Amounts falling due within one year:
Trade debtors 17,458 15,122
Other debtors 7,596 30,811
Directors' loan accounts 34,400 -
Prepayments 11,850 -
71,304 45,933

Amounts falling due after more than one year:
Tax 11,610 -

Aggregate amounts 82,914 45,933

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 1,542 9,500
Trade creditors 142,627 78,283
Tax 11,610 -
Social security and other taxes (1,851 ) 23,370
Other creditors 176,375 120,300
330,303 231,453

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans - 1-2 years 38,000 38,000
Other creditors 12,958 12,958
50,958 50,958

Colfax Window Systems Limited (Registered number: 02194948)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

31.12.22 31.12.21
£    £   
A Goodall
Balance outstanding at start of year - -
Amounts advanced 34,400 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,400 -