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REGISTERED NUMBER: 03028308 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SPECIAL F X DOUBLE GLAZING LIMITED

SPECIAL F X DOUBLE GLAZING LIMITED (REGISTERED NUMBER: 03028308)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPECIAL F X DOUBLE GLAZING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: A J Hayden
S Hayden





REGISTERED OFFICE: 13 Armstrong Road
Manor Trading Estate
Benfleet
Essex
SS7 4PW





REGISTERED NUMBER: 03028308 (England and Wales)





ACCOUNTANTS: A.R. Lee & Co.
Chartered Certified Accountants
Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD

SPECIAL F X DOUBLE GLAZING LIMITED (REGISTERED NUMBER: 03028308)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,063 39,504

CURRENT ASSETS
Stocks 49,444 46,982
Debtors 5 17,526 9,632
Cash at bank 3,143 22,391
70,113 79,005
CREDITORS
Amounts falling due within one year 6 45,704 41,784
NET CURRENT ASSETS 24,409 37,221
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,472

76,725

CREDITORS
Amounts falling due after more than one
year

7

(809

)

(5,666

)

PROVISIONS FOR LIABILITIES (7,766 ) (9,876 )
NET ASSETS 46,897 61,183

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 46,797 61,083
SHAREHOLDERS' FUNDS 46,897 61,183

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

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

SPECIAL F X DOUBLE GLAZING LIMITED (REGISTERED NUMBER: 03028308)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by:





S Hayden - Director


SPECIAL F X DOUBLE GLAZING LIMITED (REGISTERED NUMBER: 03028308)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Special F X 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.

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.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
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.

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.

SPECIAL F X DOUBLE GLAZING LIMITED (REGISTERED NUMBER: 03028308)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 1,420 32,048 81,015 114,483
Additions - 2,860 - 2,860
Disposals - (583 ) - (583 )
At 31 December 2023 1,420 34,325 81,015 116,760
DEPRECIATION
At 1 January 2023 1,420 30,023 43,536 74,979
Charge for year - 1,906 9,370 11,276
Eliminated on disposal - (558 ) - (558 )
At 31 December 2023 1,420 31,371 52,906 85,697
NET BOOK VALUE
At 31 December 2023 - 2,954 28,109 31,063
At 31 December 2022 - 2,025 37,479 39,504

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 16,036 9,102
Other debtors 1,490 530
17,526 9,632

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 4,856 4,856
Trade creditors 10,742 728
Taxation and social security 22,365 30,815
Other creditors 7,741 5,385
45,704 41,784

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 809 5,666

SPECIAL F X DOUBLE GLAZING LIMITED (REGISTERED NUMBER: 03028308)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 5,665 10,522

The hire purchase contracts are secured by fixed charges over the vehicles financed.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100