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REGISTERED NUMBER: 02315054 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

IMPERIAL WINDOWS (WREXHAM) LIMITED

IMPERIAL WINDOWS (WREXHAM) LIMITED (REGISTERED NUMBER: 02315054)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IMPERIAL WINDOWS (WREXHAM) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: P W Jones



REGISTERED OFFICE: 25 Grosvenor Road
Wrexham
LL11 1BT



REGISTERED NUMBER: 02315054 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25, Grosvenor Road
Wrexham
LL11 1BT



BANKERS: Lloyds Bank plc
28, Regent Street
Wrexham
LL11 1SE

IMPERIAL WINDOWS (WREXHAM) LIMITED (REGISTERED NUMBER: 02315054)

BALANCE SHEET
31ST DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,774 3,442

CURRENT ASSETS
Stocks 5 20,342 500
Debtors 6 26,339 15,182
Cash at bank 78,155 116,724
124,836 132,406
CREDITORS
Amounts falling due within one year 7 28,231 14,913
NET CURRENT ASSETS 96,605 117,493
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,379

120,935

PROVISIONS FOR LIABILITIES 8 7,747 654
NET ASSETS 129,632 120,281

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 128,632 119,281
SHAREHOLDERS' FUNDS 129,632 120,281

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

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

IMPERIAL WINDOWS (WREXHAM) LIMITED (REGISTERED NUMBER: 02315054)

BALANCE SHEET - continued
31ST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd July 2024 and were signed by:





P W Jones - Director


IMPERIAL WINDOWS (WREXHAM) LIMITED (REGISTERED NUMBER: 02315054)

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

1. STATUTORY INFORMATION

Imperial Windows (Wrexham) 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 each asset over its estimated useful life.
Plant and machinery - 33% computers, 10% other - 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

IMPERIAL WINDOWS (WREXHAM) LIMITED (REGISTERED NUMBER: 02315054)

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

2. ACCOUNTING POLICIES - continued

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 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st January 2023 49,523 12,154 61,677
Additions 645 45,034 45,679
At 31st December 2023 50,168 57,188 107,356
DEPRECIATION
At 1st January 2023 48,094 10,141 58,235
Charge for year 289 8,058 8,347
At 31st December 2023 48,383 18,199 66,582
NET BOOK VALUE
At 31st December 2023 1,785 38,989 40,774
At 31st December 2022 1,429 2,013 3,442

5. STOCKS
31.12.23 31.12.22
£    £   
Stocks 500 500
Work-in-progress 19,842 -
20,342 500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
PWJ Properties Limited 18,727 12,642
Tax 5,383 -
Prepayments 2,229 2,540
26,339 15,182

IMPERIAL WINDOWS (WREXHAM) LIMITED (REGISTERED NUMBER: 02315054)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 370 141
Tax - 5,846
Social security and other taxes 499 477
VAT 677 5,204
Other creditors - 120
Directors' current accounts 24,453 -
Accrued expenses 2,232 3,125
28,231 14,913

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax
Accelerated capital allowances 7,747 654

Deferred
tax
£   
Balance at 1st January 2023 654
Movement in the year due to:
changes in tax allowances 7,093
changes in tax rates
changes in losses
Balance at 31st December 2023 7,747

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. ULTIMATE CONTROLLING PARTY

The controlling party is P W Jones.