Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-294The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.4true2023-03-01truefalseNo description of principal activityfalse SC258862 2023-03-01 2024-02-29 SC258862 2022-03-01 2023-02-28 SC258862 2024-02-29 SC258862 2023-02-28 SC258862 c:CompanySecretary1 2023-03-01 2024-02-29 SC258862 c:Director1 2023-03-01 2024-02-29 SC258862 c:Director2 2023-03-01 2024-02-29 SC258862 c:RegisteredOffice 2023-03-01 2024-02-29 SC258862 d:PlantMachinery 2023-03-01 2024-02-29 SC258862 d:PlantMachinery 2024-02-29 SC258862 d:PlantMachinery 2023-02-28 SC258862 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 SC258862 d:MotorVehicles 2023-03-01 2024-02-29 SC258862 d:MotorVehicles 2024-02-29 SC258862 d:MotorVehicles 2023-02-28 SC258862 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 SC258862 d:FurnitureFittings 2023-03-01 2024-02-29 SC258862 d:FurnitureFittings 2024-02-29 SC258862 d:FurnitureFittings 2023-02-28 SC258862 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 SC258862 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 SC258862 d:CurrentFinancialInstruments 2024-02-29 SC258862 d:CurrentFinancialInstruments 2023-02-28 SC258862 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 SC258862 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 SC258862 d:ShareCapital 2024-02-29 SC258862 d:ShareCapital 2023-02-28 SC258862 d:RetainedEarningsAccumulatedLosses 2024-02-29 SC258862 d:RetainedEarningsAccumulatedLosses 2023-02-28 SC258862 c:OrdinaryShareClass1 2023-03-01 2024-02-29 SC258862 c:OrdinaryShareClass1 2024-02-29 SC258862 c:FRS102 2023-03-01 2024-02-29 SC258862 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 SC258862 c:FullAccounts 2023-03-01 2024-02-29 SC258862 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC258862 d:WithinOneYear 2024-02-29 SC258862 d:WithinOneYear 2023-02-28 SC258862 2 2023-03-01 2024-02-29 SC258862 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC258862










TRADE WINDOWS (SCOTLAND) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

 
TRADE WINDOWS (SCOTLAND) LIMITED
 

COMPANY INFORMATION


Directors
Mr G C Hood 
Mrs J J Hood 




Company secretary
Mrs J J Hood



Registered number
SC258862



Registered office
Unit B Craigie Industrial Estate
Mid Craigie Road

Dundee

DD4 7RH




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
TRADE WINDOWS (SCOTLAND) LIMITED
REGISTERED NUMBER: SC258862

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
23,738
8,674

  
23,738
8,674

Current assets
  

Stocks
  
4,066
1,396

Debtors: amounts falling due within one year
 5 
65,300
78,706

Cash at bank and in hand
  
41,404
82,182

  
110,770
162,284

Creditors: amounts falling due within one year
 6 
(44,162)
(92,616)

Net current assets
  
 
 
66,608
 
 
69,668

Total assets less current liabilities
  
90,346
78,342

Provisions for liabilities
  

Deferred Tax
  
(5,935)
(2,169)

  
 
 
(5,935)
 
 
(2,169)

Net assets
  
84,411
76,173


Capital and reserves
  

Called up share capital 
 7 
4,000
4,000

Profit and loss account
  
80,411
72,173

  
84,411
76,173


Page 1

 
TRADE WINDOWS (SCOTLAND) LIMITED
REGISTERED NUMBER: SC258862

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 August 2024.




Mr G C Hood
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
TRADE WINDOWS (SCOTLAND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Trade Windows (Scotland) Ltd is a private company, limited by shares, domiciled in Scotland with registration number SC258862.  The registered office is Unit B Craigie Industrial Estate, Mid Craigie Road, Dundee, DD4 7RH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
TRADE WINDOWS (SCOTLAND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows:.

Depreciation is provided on the following basis:

Plant and machinery
-
20% reducing balance
Motor vehicles
-
25% reducing balance
Furniture, fittings & equipment
-
20% reducing balance and 25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

During the year the business was in receipt of the following revenue grants in relation to the COVID-19 pandemic:
Coronavirus Job Retention Scheme (CJRS) and Bounce Back Loan (BBL)  which is recognised when receivable.
Small Business Grants Fund (SBGF) recognised in full when received.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
TRADE WINDOWS (SCOTLAND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 5

 
TRADE WINDOWS (SCOTLAND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Plant and machinery
Motor vehicles
Furniture, fittings and equipment
Total

£
£
£
£



Cost or valuation


At 1 March 2023
10,995
19,824
8,568
39,387


Additions
-
22,852
66
22,918



At 29 February 2024

10,995
42,676
8,634
62,305



Depreciation


At 1 March 2023
8,358
16,296
6,059
30,713


Charge for the year on owned assets
582
6,595
677
7,854



At 29 February 2024

8,940
22,891
6,736
38,567



Net book value



At 29 February 2024
2,055
19,785
1,898
23,738



At 28 February 2023
2,637
3,528
2,509
8,674

Page 6

 
TRADE WINDOWS (SCOTLAND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
25,807
30,987

Other debtors
39,378
47,592

Prepayments and accrued income
115
127

65,300
78,706



6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
40,707
81,023

Other taxation and social security
554
8,682

Other creditors
194
268

Accruals and deferred income
2,707
2,643

44,162
92,616



7.


Share capital

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



4,000 Ordinary shares of £1.00 each
4,000
4,000



8.


Commitments under operating leases

At 29 February 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

29 February
28 February
2024
2023
£
£


Not later than 1 year
-
6,300

-
6,300


Page 7