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REGISTERED NUMBER: 04786864 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

U WIN LIMITED
TRADING AS
ULVERSTON WINDOW SYSTEMS

U WIN LIMITED (REGISTERED NUMBER: 04786864)
TRADING AS ULVERSTON WINDOW SYSTEMS






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


U WIN LIMITED
TRADING AS ULVERSTON WINDOW SYSTEMS

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr L C May
Mr W C L McGuirk



REGISTERED OFFICE: North Lonsdale Road
Ulverston
Cumbria
LA12 9DJ



REGISTERED NUMBER: 04786864 (England and Wales)



BANKERS: HSBC Bank plc
104 Duke Street
Barrow in Furness
Cumbria
LA14 1LR

U WIN LIMITED (REGISTERED NUMBER: 04786864)
TRADING AS ULVERSTON WINDOW SYSTEMS

ABRIDGED BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 80,015 85,667

CURRENT ASSETS
Stocks 28,728 16,188
Debtors 5 167,291 172,072
Cash at bank and in hand 27,478 2,510
223,497 190,770
CREDITORS
Amounts falling due within one year 108,593 93,391
NET CURRENT ASSETS 114,904 97,379
TOTAL ASSETS LESS CURRENT
LIABILITIES

194,919

183,046

CREDITORS
Amounts falling due after more than one
year

336

5,251
NET ASSETS 194,583 177,795

CAPITAL AND RESERVES
Called up share capital 7 177,516 177,516
Retained earnings 17,067 279
SHAREHOLDERS' FUNDS 194,583 177,795

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

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

U WIN LIMITED (REGISTERED NUMBER: 04786864)
TRADING AS ULVERSTON WINDOW SYSTEMS

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2024 and were signed on its behalf by:




Mr W C L McGuirk - Director



Mr L C May - Director


U WIN LIMITED (REGISTERED NUMBER: 04786864)
TRADING AS ULVERSTON WINDOW SYSTEMS

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

1. STATUTORY INFORMATION

U Win 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.

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.
Freehold property - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Turnover
Turnover represents net invoiced sales of goods and services as adjusted for work in progress, excluding VAT.

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 the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

U WIN LIMITED (REGISTERED NUMBER: 04786864)
TRADING AS ULVERSTON WINDOW SYSTEMS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 244,385
DEPRECIATION
At 1 November 2022 158,718
Charge for year 5,652
At 31 October 2023 164,370
NET BOOK VALUE
At 31 October 2023 80,015
At 31 October 2022 85,667

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

Totals
£   
COST
At 1 November 2022
and 31 October 2023 6,781
DEPRECIATION
At 1 November 2022
and 31 October 2023 6,780
NET BOOK VALUE
At 31 October 2023 1
At 31 October 2022 1

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Other debtors 158,016 158,016

6. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Hire purchase contracts 5,251 9,716

HSBC Bank plc hold a debenture creating fixed and floating charges over the undertaking and a legal mortgage over the company's freehold property.

U WIN LIMITED (REGISTERED NUMBER: 04786864)
TRADING AS ULVERSTON WINDOW SYSTEMS

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

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
2 Ordinary £1 2 2
177,514 Redeemable ordinary £1 177,514 177,514
177,516 177,516

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
Mr L C May
Balance outstanding at start of year 5,857 -
Amounts advanced - 5,857
Amounts repaid (5,857 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,857

Mr W C L McGuirk
Balance outstanding at start of year 4,103 -
Amounts advanced - 4,103
Amounts repaid (4,103 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 4,103