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REGISTERED NUMBER: 05277745 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 NOVEMBER 2023

FOR

STROUD WINDOWS (GLOUCESTERSHIRE) LIMITED

STROUD WINDOWS (GLOUCESTERSHIRE) LIMITED (REGISTERED NUMBER: 05277745)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STROUD WINDOWS (GLOUCESTERSHIRE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 NOVEMBER 2023







DIRECTORS: Mrs N J Little
C J Dummer





REGISTERED OFFICE: Unit 19 Ryeford Industrial Estate
Stonehouse
Gloucestershire
GL10 2LA





REGISTERED NUMBER: 05277745 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

STROUD WINDOWS (GLOUCESTERSHIRE) LIMITED (REGISTERED NUMBER: 05277745)

BALANCE SHEET
28 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 121,148 102,425
Property, plant and equipment 5 163,216 195,163
284,364 297,588

CURRENT ASSETS
Inventories 45,000 41,500
Debtors 6 508,156 414,839
Cash at bank 92,717 112,619
645,873 568,958
CREDITORS
Amounts falling due within one year 7 580,814 480,490
NET CURRENT ASSETS 65,059 88,468
TOTAL ASSETS LESS CURRENT
LIABILITIES

349,423

386,056

CREDITORS
Amounts falling due after more than one
year

8

(266,334

)

(323,958

)

PROVISIONS FOR LIABILITIES (16,624 ) (21,744 )
NET ASSETS 66,465 40,354

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 66,365 40,254
66,465 40,354

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 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.

STROUD WINDOWS (GLOUCESTERSHIRE) LIMITED (REGISTERED NUMBER: 05277745)

BALANCE SHEET - continued
28 NOVEMBER 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 Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:




C J Dummer - Director



Mrs N J Little - Director


STROUD WINDOWS (GLOUCESTERSHIRE) LIMITED (REGISTERED NUMBER: 05277745)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 NOVEMBER 2023

1. STATUTORY INFORMATION

Stroud Windows (Gloucestershire) 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
Revenue represents the invoiced value of services provided during the period, stated net of VAT.

Revenue is recognised when the service has been provided and all obligations to the customers have been fulfilled.

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.

Franchise setup is being amortised evenly over its estimated useful life of nil years.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

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.


STROUD WINDOWS (GLOUCESTERSHIRE) LIMITED (REGISTERED NUMBER: 05277745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 NOVEMBER 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.

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.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

Going concern
There are no material uncertainties that may cast significant doubt about the company’s ability to continue as a going concern with the ongoing support of the directors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 29 November 2022 102,425
Additions 18,723
At 28 November 2023 121,148
NET BOOK VALUE
At 28 November 2023 121,148
At 28 November 2022 102,425

STROUD WINDOWS (GLOUCESTERSHIRE) LIMITED (REGISTERED NUMBER: 05277745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 NOVEMBER 2023

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 29 November 2022 54,338 30,666 210,829 295,833
Additions 8,157 - - 8,157
At 28 November 2023 62,495 30,666 210,829 303,990
DEPRECIATION
At 29 November 2022 23,778 12,873 64,019 100,670
Charge for year 7,184 3,558 29,362 40,104
At 28 November 2023 30,962 16,431 93,381 140,774
NET BOOK VALUE
At 28 November 2023 31,533 14,235 117,448 163,216
At 28 November 2022 30,560 17,793 146,810 195,163

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 52,567 42,726
Amounts owed by group undertakings 125,054 171,707
S455 Tax Debtor 59,469 27,345
Directors' loan accounts 265,323 169,267
Prepayments and accrued income 5,743 3,794
508,156 414,839

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 85,815 97,554
Hire purchase contracts 45,226 19,224
Trade creditors 126,744 159,179
Corporation Tax 112,682 63,093
Social security and other taxes 6,583 (953 )
Pension 1,320 1,232
VAT 32,334 5,518
Other creditors 32,814 10,525
Accruals and deferred income 137,296 125,118
580,814 480,490

STROUD WINDOWS (GLOUCESTERSHIRE) LIMITED (REGISTERED NUMBER: 05277745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 NOVEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 51,736 65,680
Bank loans - 2-5 years 135,810 134,357
Hire purchase contracts 78,788 123,921
266,334 323,958

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 28 November 2023 and the period ended 28 November 2022:

2023 2022
£    £   
C J Dummer and Mrs N J Little
Balance outstanding at start of year 169,267 170,140
Amounts advanced 183,669 198,542
Amounts repaid (87,413 ) (199,415 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 265,523 169,267

Interest has been charged on the loans at the HMRC approved rates. There are no set repayment terms.

10. RELATED PARTY DISCLOSURES

Included in other debtors is an amount owing from Hereford Doors and Windows Limited of £76,210 which is a related party by virtue of the shareholders and directors in common.