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REGISTERED NUMBER: 05617240 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 November 2023

for

PROFAB WINDOWS (UK) LIMITED

PROFAB WINDOWS (UK) LIMITED (REGISTERED NUMBER: 05617240)






Contents of the Financial Statements
for the year ended 30 NOVEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PROFAB WINDOWS (UK) LIMITED

Company Information
for the year ended 30 NOVEMBER 2023







DIRECTOR: K K H Mistry





SECRETARY: K K H Mistry





REGISTERED OFFICE: Thistledown Barn
Holcot Lane
Sywell
Northampton
Northamptonshire
NN6 0BG





REGISTERED NUMBER: 05617240 (England and Wales)





ACCOUNTANTS: Coopers&Co Ltd
Thistledown Barn
Holcot Lane
Sywell
Northampton
Northamptonshire
NN6 0BG

PROFAB WINDOWS (UK) LIMITED (REGISTERED NUMBER: 05617240)

Abridged Balance Sheet
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,188 4,782
Tangible assets 5 11,102 4,679
14,290 9,461

CURRENT ASSETS
Stocks 9,000 9,000
Debtors 36,652 45,060
45,652 54,060
CREDITORS
Amounts falling due within one year 79,245 68,018
NET CURRENT LIABILITIES (33,593 ) (13,958 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(19,303

)

(4,497

)

CREDITORS
Amounts falling due after more than one year (10,000 ) (16,000 )

PROVISIONS FOR LIABILITIES (1,850 ) (1,850 )
NET LIABILITIES (31,153 ) (22,347 )

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings (31,154 ) (22,348 )
SHAREHOLDERS' FUNDS (31,153 ) (22,347 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

PROFAB WINDOWS (UK) LIMITED (REGISTERED NUMBER: 05617240)

Abridged Balance Sheet - continued
30 NOVEMBER 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 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 May 2024 and were signed by:





K K H Mistry - Director


PROFAB WINDOWS (UK) LIMITED (REGISTERED NUMBER: 05617240)

Notes to the Financial Statements
for the year ended 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Profab Windows (UK) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

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.

PROFAB WINDOWS (UK) LIMITED (REGISTERED NUMBER: 05617240)

Notes to the Financial Statements - continued
for the year ended 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

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
Contributions are made into an independently operated pension scheme and are charged to the profit or loss in the period to which they relate.

Going concern
The current economic conditions present increased risks for all businesses. In response to such conditions, the Directors have carefully considered these risks, including an assessment of uncertainty on future trading projections for a period of at least twelve months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern.
Based on this assessment, the Directors consider that the company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations of external liabilities.
In addition, the Company's assets are assessed for recoverability on a regular basis, and the Directors consider that the Company is not exposed to losses of these assets which would affect their decision to adopt the going concern basis.
The Directors are therefore satisfied and have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern. These financial statements have therefore been prepared on a going concern basis.

3. EMPLOYEES

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022
and 30 November 2023 31,880
AMORTISATION
At 1 December 2022 27,098
Amortisation for year 1,594
At 30 November 2023 28,692
NET BOOK VALUE

At 30 November 2023 3,188
At 30 November 2022 4,782

PROFAB WINDOWS (UK) LIMITED (REGISTERED NUMBER: 05617240)

Notes to the Financial Statements - continued
for the year ended 30 NOVEMBER 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 35,626
Additions 7,500
At 30 November 2023 43,126
DEPRECIATION
At 1 December 2022 30,947
Charge for year 1,077
At 30 November 2023 32,024
NET BOOK VALUE
At 30 November 2023 11,102
At 30 November 2022 4,679

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1