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REGISTERED NUMBER: 02974061 (England and Wales)










Financial Statements

for the Year Ended 31 October 2023

for

Trade Windows and Supplies Limited

Trade Windows and Supplies Limited (Registered number: 02974061)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Trade Windows and Supplies Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: C G Mabey
C W Mabey





SECRETARY: C W Mabey





REGISTERED OFFICE: Unit 17, Anglo Business Park
Smeaton Close
Aylesbury
Buckinghamshire
HP19 8UP





REGISTERED NUMBER: 02974061 (England and Wales)





ACCOUNTANTS: Danton Partners
7 Merlin Courtyard
Gatehouse Close
Aylesbury
Buckinghamshire
HP19 8DP

Trade Windows and Supplies Limited (Registered number: 02974061)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,388 5,243

CURRENT ASSETS
Stocks 465,000 563,470
Debtors 5 220,150 216,409
Prepayments and accrued income 55,870 55,870
Cash at bank and in hand 179,092 175,365
920,112 1,011,114
CREDITORS
Amounts falling due within one year 6 253,565 307,273
NET CURRENT ASSETS 666,547 703,841
TOTAL ASSETS LESS CURRENT
LIABILITIES

669,935

709,084

CREDITORS
Amounts falling due after more than one
year

7

34,293

40,150
NET ASSETS 635,642 668,934

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 635,542 668,834
SHAREHOLDERS' FUNDS 635,642 668,934

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.

Trade Windows and Supplies Limited (Registered number: 02974061)

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.

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 30 July 2024 and were signed on its behalf by:




C G Mabey - Director



C W Mabey - Director


Trade Windows and Supplies Limited (Registered number: 02974061)

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

1. STATUTORY INFORMATION

Trade Windows and Supplies 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.
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.

Trade Windows and Supplies Limited (Registered number: 02974061)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 31,354 67,871 45,469 14,734 159,428
Disposals (1,050 ) (11,166 ) (37,541 ) (3,988 ) (53,745 )
At 31 October 2023 30,304 56,705 7,928 10,746 105,683
DEPRECIATION
At 1 November 2022 30,274 65,109 45,469 13,333 154,185
Charge for year 216 553 - 1,086 1,855
Eliminated on disposal (1,050 ) (11,166 ) (37,541 ) (3,988 ) (53,745 )
At 31 October 2023 29,440 54,496 7,928 10,431 102,295
NET BOOK VALUE
At 31 October 2023 864 2,209 - 315 3,388
At 31 October 2022 1,080 2,762 - 1,401 5,243

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 83,166 92,517
Other debtors 136,984 123,892
220,150 216,409

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 8,998 8,998
Trade creditors 185,470 212,313
Taxation and social security 52,429 78,354
Other creditors 6,668 7,608
253,565 307,273

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 34,293 40,150

Trade Windows and Supplies Limited (Registered number: 02974061)

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

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.10.23 31.10.22
£    £   
Within one year 52,500 35,000
Between one and five years 81,667 140,000
134,167 175,000

9. RELATED PARTY DISCLOSURES

As at 31 October 2023 an amount of £136,984 (2022 - £123,891) was due from Mabey Properties Ltd, a
company controlled by C W Mabey and C G Mabey.

Included in rent is an amount of £40,833 (2022 - £35,000) which has been charged by Mabey Properties Ltd, a company controlled by C W Mabey and C G Mabey.

Included in the creditors is an amount of £5,292 (2022 - £251) due to the directors. This loan is interest free with no repayment terms in place.

10. ULTIMATE CONTROLLING PARTY

The directors, C W Mabey and C G Mabey, controls the company by virtue of owning the share capital of the company.

11. CHARGES

National Westminster Bank PLC hold fixed and floating charges over the company.