Registered number
04699157
R & M WINDOWS LIMITED
Filleted Accounts
31 March 2024
R & M WINDOWS LIMITED
Registered number: 04699157
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 201,052 204,726
Current assets
Stocks 40,467 38,243
Debtors 4 233,421 104,795
Cash at bank and in hand 398,656 512,279
672,544 655,317
Creditors: amounts falling due within one year 5 (127,521) (169,359)
Net current assets 545,023 485,958
Total assets less current liabilities 746,075 690,684
Creditors: amounts falling due after more than one year 6 (21,667) (31,667)
Provisions for liabilities (8,646) (8,072)
Net assets 715,762 650,945
Capital and reserves
Called up share capital 100 100
Profit and loss account 715,662 650,845
Shareholder's funds 715,762 650,945
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
MR M MURSELL
Director
Approved by the board on 14 June 2024
R & M WINDOWS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and Equipment 15% reducing balance basis
Motor Vehicles 20% reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 11
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 162,244 34,289 93,752 290,285
Additions - 4,822 - 4,822
At 31 March 2024 162,244 39,111 93,752 295,107
Depreciation
At 1 April 2023 - 34,289 51,270 85,559
Charge for the year - - 8,496 8,496
At 31 March 2024 - 34,289 59,766 94,055
Net book value
At 31 March 2024 162,244 4,822 33,986 201,052
At 31 March 2023 162,244 - 42,482 204,726
4 Debtors 2024 2023
£ £
Trade debtors 25,421 1,795
Amounts owed by group undertakings and undertakings in which the company has a participating interest 208,000 103,000
233,421 104,795
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 6,100 13,420
Trade creditors 50,623 36,466
Taxation and social security costs 68,025 112,000
Other creditors 2,773 7,473
127,521 169,359
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 21,667 31,667
7 Other information
R & M WINDOWS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
16 Quay Street
Newport
Isle of Wight
PO30 5BG
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