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REGISTERED NUMBER: 03480212 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE LOCKWOOD WINDOW COMPANY LIMITED

THE LOCKWOOD WINDOW COMPANY LIMITED (REGISTERED NUMBER: 03480212)






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


THE LOCKWOOD WINDOW COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: J R Pogson





SECRETARY: Ms L Smith





REGISTERED OFFICE: Unit 4
Perseverance Mills
Lockwood
Huddersfield
West Yorkshire
HD4 6BW





REGISTERED NUMBER: 03480212 (England and Wales)





ACCOUNTANTS: Brosnans
Chartered Accountants
Birkby House
Bailiff Bridge
Brighouse
West Yorkshire
HD6 4JJ

THE LOCKWOOD WINDOW COMPANY LIMITED (REGISTERED NUMBER: 03480212)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 213,339 203,826

CURRENT ASSETS
Stocks 110,757 92,940
Debtors 5 12,948 13,279
Cash at bank and in hand 109,463 154,049
233,168 260,268
CREDITORS
Amounts falling due within one year 6 (213,029 ) (198,274 )
NET CURRENT ASSETS 20,139 61,994
TOTAL ASSETS LESS CURRENT
LIABILITIES

233,478

265,820

CREDITORS
Amounts falling due after more than
one year

7

(46,062

)

(60,146

)

PROVISIONS FOR LIABILITIES 9 (30,208 ) (22,757 )
NET ASSETS 157,208 182,917

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 157,108 182,817
SHAREHOLDERS' FUNDS 157,208 182,917

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 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.

THE LOCKWOOD WINDOW COMPANY LIMITED (REGISTERED NUMBER: 03480212)

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 director and authorised for issue on 6 August 2024 and were signed by:





J R Pogson - Director


THE LOCKWOOD WINDOW COMPANY LIMITED (REGISTERED NUMBER: 03480212)

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

1. STATUTORY INFORMATION

The Lockwood Window Company 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

STOCKS AND WORK IN PROGRESS
Stock and works in progress 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.


THE LOCKWOOD WINDOW COMPANY LIMITED (REGISTERED NUMBER: 03480212)

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

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 175,920 197,962 13,776 387,658
Additions 8,100 60,810 354 69,264
Disposals - (42,629 ) - (42,629 )
At 31 December 2023 184,020 216,143 14,130 414,293
DEPRECIATION
At 1 January 2023 109,223 64,265 10,344 183,832
Charge for year 11,218 25,922 944 38,084
Eliminated on disposal - (20,962 ) - (20,962 )
At 31 December 2023 120,441 69,225 11,288 200,954
NET BOOK VALUE
At 31 December 2023 63,579 146,918 2,842 213,339
At 31 December 2022 66,697 133,697 3,432 203,826

The net book value of tangible fixed assets includes £64,050 in respect of assets held under hire purchase contracts.

THE LOCKWOOD WINDOW COMPANY LIMITED (REGISTERED NUMBER: 03480212)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 895 8,785
Other debtors 12,053 4,494
12,948 13,279

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 28,649 25,504
Trade creditors 121,236 115,362
Taxation and social security 62,333 44,583
Other creditors 811 12,825
213,029 198,274

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 21,895 25,979
Other creditors 24,167 34,167
46,062 60,146

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 50,544 51,483

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 30,208 22,757

THE LOCKWOOD WINDOW COMPANY LIMITED (REGISTERED NUMBER: 03480212)

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

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 22,757
Provided during year 7,451
Balance at 31 December 2023 30,208

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £ 1 100 100

11. RELATED PARTY DISCLOSURES

At 31 December 2023 the Company owed the Director £455 (2022:£515).

12. ULTIMATE CONTROLLING PARTY

The controlling party is J R Pogson.