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Company Registration No. 02391104 (England and Wales)
Vulcan Windows Limited Unaudited accounts for the year ended 30 November 2023
Vulcan Windows Limited Unaudited accounts Contents
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Vulcan Windows Limited Company Information for the year ended 30 November 2023
Director
David Walker
Secretary
David Bell
Company Number
02391104 (England and Wales)
Registered Office
Stoneferry Bridge Clough Road Hull HU6 7QN
Accountants
J W Smith & Co Ltd Oberon House Ferries Street Hull HU9 1RL
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Vulcan Windows Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
712,369 
834,609 
Debtors
1,310,481 
1,106,816 
Cash at bank and in hand
3 
353 
2,022,853 
1,941,778 
Creditors: amounts falling due within one year
(1,007,039)
(580,601)
Net current assets
1,015,814 
1,361,177 
Net assets
1,015,814 
1,361,177 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,015,714 
1,361,077 
Shareholders' funds
1,015,814 
1,361,177 
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 August 2024 and were signed on its behalf by
David Walker Director Company Registration No. 02391104
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Vulcan Windows Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Vulcan Windows Limited is a private company, limited by shares, registered in England and Wales, registration number 02391104. The registered office is Stoneferry Bridge, Clough Road, Hull, HU6 7QN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Vulcan Windows Limited Notes to the Accounts for the year ended 30 November 2023
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
859,441 
784,224 
Amounts due from group undertakings etc.
322,592 
322,592 
1,182,033 
1,106,816 
Amounts falling due after more than one year
Trade debtors
128,448 
- 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
452,779 
232,830 
Amounts owed to group undertakings and other participating interests
475,814 
323,052 
Taxes and social security
78,446 
24,719 
1,007,039 
580,601 
6
Controlling party
David Walker Holdings Ltd, Stoneferry Bridge, Clough Road, Hull, HU6 7QN
7
Average number of employees
During the year the average number of employees was 41 (2022: 48).
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