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REGISTERED NUMBER: 01549969 (England and Wales)








Unaudited Financial Statements

for the Year Ended

30 November 2023

for

Finesse Windows Limited

Finesse Windows Limited (Registered number: 01549969)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Finesse Windows Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: R D Bridge
Mrs G J Bridge
Mrs E G Franklin





SECRETARY: Mrs G J Bridge





REGISTERED OFFICE: Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT





REGISTERED NUMBER: 01549969 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Finesse Windows Limited (Registered number: 01549969)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,862 54,830
Investments 5 172,929 172,929
225,791 227,759

CURRENT ASSETS
Stocks 137,242 100,836
Debtors 6 425,563 658,614
Cash at bank and in hand 211,338 143,140
774,143 902,590
CREDITORS
Amounts falling due within one year 7 707,947 746,483
NET CURRENT ASSETS 66,196 156,107
TOTAL ASSETS LESS CURRENT
LIABILITIES

291,987

383,866

PROVISIONS FOR LIABILITIES 10,050 10,420
NET ASSETS 281,937 373,446

CAPITAL AND RESERVES
Called up share capital 9,003 9,003
Capital redemption reserve 9,003 9,003
Retained earnings 263,931 355,440
SHAREHOLDERS' FUNDS 281,937 373,446

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 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.

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 26 July 2024 and were signed on its behalf by:



R D Bridge - Director


Finesse Windows Limited (Registered number: 01549969)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Finesse Windows 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.
Improvements to property - 10% on cost
Plant and machinery - 20% on cost and 15% on reducing balance

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2022 - 33 ) .

Finesse Windows Limited (Registered number: 01549969)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 December 2022 59,184 226,864 286,048
Additions - 9,729 9,729
At 30 November 2023 59,184 236,593 295,777
DEPRECIATION
At 1 December 2022 56,477 174,741 231,218
Charge for year 2,039 9,658 11,697
At 30 November 2023 58,516 184,399 242,915
NET BOOK VALUE
At 30 November 2023 668 52,194 52,862
At 30 November 2022 2,707 52,123 54,830

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Value at cost 172,929 172,929

Other investments comprise of an International Bond with Standard Life, the market value of which at 30th November 2023 amounted to £133,657 (2022: £132,574),an Etoro investment which had a market value at 30 November 2023 of £2,767 (2022:£2,044) and an Old Mutual investment which had a market value at November 2023 of £55,691 (2022: £55,192).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 204,671 439,937
Other debtors 220,892 218,677
425,563 658,614

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 351,039 347,410
Taxation and social security 141,085 109,310
Other creditors 215,823 289,763
707,947 746,483

8. OTHER FINANCIAL COMMITMENTS

The total amount of commitments, guarantees and contingencies at the end of the year was £212,772 (2022: £310,742).

Finesse Windows Limited (Registered number: 01549969)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Mrs G J Bridge
Balance outstanding at start of year 73,921 50,823
Amounts advanced 63,399 74,098
Amounts repaid (74,000 ) (51,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 63,320 73,921

R D Bridge
Balance outstanding at start of year 62,458 64,688
Amounts advanced 73,731 62,770
Amounts repaid (63,000 ) (65,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 73,189 62,458

Mrs E G Franklin
Balance outstanding at start of year 34,423 38,235
Amounts advanced 39,126 34,688
Amounts repaid (35,000 ) (38,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 38,549 34,423