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REGISTERED NUMBER: 02398170 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

PLASTICS WINDOW GUARANTEE LIMITED

PLASTICS WINDOW GUARANTEE LIMITED (REGISTERED NUMBER: 02398170)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLASTICS WINDOW GUARANTEE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Miss S A Wilkins





SECRETARY: Miss S A Wilkins





REGISTERED OFFICE: 3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW





REGISTERED NUMBER: 02398170 (England and Wales)





ACCOUNTANTS: GKP (Ampthill) Limited
Chartered Accountants
3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW

PLASTICS WINDOW GUARANTEE LIMITED (REGISTERED NUMBER: 02398170)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 143,967 10,942

CURRENT ASSETS
Debtors 5 105,393 71,707
Cash at bank 556,129 479,056
661,522 550,763
CREDITORS
Amounts falling due within one year 6 227,871 203,532
NET CURRENT ASSETS 433,651 347,231
TOTAL ASSETS LESS CURRENT
LIABILITIES

577,618

358,173

CREDITORS
Amounts falling due after more than one
year

7

57,984

-
NET ASSETS 519,634 358,173

CAPITAL AND RESERVES
Called up share capital 12,200 12,200
Share premium 2,250 2,250
Capital redemption reserve 1,200 1,200
Retained earnings 503,984 342,523
SHAREHOLDERS' FUNDS 519,634 358,173

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

PLASTICS WINDOW GUARANTEE LIMITED (REGISTERED NUMBER: 02398170)

BALANCE SHEET - continued
31 JULY 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 director and authorised for issue on 10 April 2024 and were signed by:





Miss S A Wilkins - Director


PLASTICS WINDOW GUARANTEE LIMITED (REGISTERED NUMBER: 02398170)

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


1. STATUTORY INFORMATION

Plastics Window Guarantee 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Office equipment - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer software - 33% on cost

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.

PLASTICS WINDOW GUARANTEE LIMITED (REGISTERED NUMBER: 02398170)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 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.

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.

Grant income
Grant income is recognised on the accruals model. Where there are no future performance related conditions, income is recognised when the grants are received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Office and Motor Computer
equipment fittings vehicles software Totals
£    £    £    £    £   
COST
At 1 August 2022 19,069 20,760 2,749 39,119 81,697
Additions 3,026 - 151,282 - 154,308
Disposals (1,950 ) (2,360 ) - - (4,310 )
At 31 July 2023 20,145 18,400 154,031 39,119 231,695
DEPRECIATION
At 1 August 2022 12,099 16,790 2,749 39,117 70,755
Charge for year 3,067 1,123 17,019 - 21,209
Eliminated on disposal (1,880 ) (2,356 ) - - (4,236 )
At 31 July 2023 13,286 15,557 19,768 39,117 87,728
NET BOOK VALUE
At 31 July 2023 6,859 2,843 134,263 2 143,967
At 31 July 2022 6,970 3,970 - 2 10,942

PLASTICS WINDOW GUARANTEE LIMITED (REGISTERED NUMBER: 02398170)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 151,282
At 31 July 2023 151,282
DEPRECIATION
Charge for year 17,019
At 31 July 2023 17,019
NET BOOK VALUE
At 31 July 2023 134,263

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 95,338 62,637
Prepayments 10,055 9,070
105,393 71,707

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 21,186 -
Trade creditors 93,806 64,616
Tax 40,535 74,526
Social security and other taxes 57,069 39,542
Directors' current accounts 1,567 1,869
Accrued expenses 13,708 22,979
227,871 203,532

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 57,984 -

PLASTICS WINDOW GUARANTEE LIMITED (REGISTERED NUMBER: 02398170)

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


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 21,186 -
Between one and five years 57,984 -
79,170 -

Non-cancellable operating leases
2023 2022
£    £   
Within one year 15,181 15,181
Between one and five years 17,365 39,059
In more than five years - 154
32,546 54,394

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase 79,170 -

Hire purchase liabilities are secured on the assets acquired.