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REGISTERED NUMBER: 11775019 (England and Wales)


















RICHARD'S WINDOWS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






RICHARD'S WINDOWS LTD (REGISTERED NUMBER: 11775019)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RICHARD'S WINDOWS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R B C Stock Esq
Mrs K L Stock





REGISTERED OFFICE: First Floor Suite
23 Trinity Square
LLANDUDNO
Conwy
LL30 2RH





REGISTERED NUMBER: 11775019 (England and Wales)





ACCOUNTANTS: Hawley and Company
Chartered Accountants & Chartered Tax Advisers
First Floor Suite
23 Trinity Square
LLANDUDNO
North Wales
LL30 2RH

RICHARD'S WINDOWS LTD (REGISTERED NUMBER: 11775019)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 13,528
Tangible assets 5 - 3,302
- 16,830

CURRENT ASSETS
Debtors 6 928 2,072
Cash at bank 327 2,417
1,255 4,489
CREDITORS
Amounts falling due within one year 7 1,200 1,768
NET CURRENT ASSETS 55 2,721
TOTAL ASSETS LESS CURRENT
LIABILITIES

55

19,551

CREDITORS
Amounts falling due after more than one year 8 22,212 32,439
NET LIABILITIES (22,157 ) (12,888 )

CAPITAL AND RESERVES
Called up share capital 9 20 20
Retained earnings (22,177 ) (12,908 )
SHAREHOLDERS' FUNDS (22,157 ) (12,888 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

RICHARD'S WINDOWS LTD (REGISTERED NUMBER: 11775019)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 22 August 2024 and were signed on its behalf by:





R B C Stock Esq - Director


RICHARD'S WINDOWS LTD (REGISTERED NUMBER: 11775019)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Richard's Windows Ltd 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.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tools and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company makes pension contributions on behalf of staff. Contributions paid during the year
are charged to the profit and loss account.

RICHARD'S WINDOWS LTD (REGISTERED NUMBER: 11775019)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Trade and other debtors
Trade and other debtors are initially recognised at their transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other
short-term highly liquid investments with original maturities of three months or less.

Trade and other creditors
Trade and other creditors are initially recognised at their transaction price and are thereafter stated at
amortised cost using the effective interest method unless the effect of discounting would be immaterial, in
which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 23,189
Disposals (23,189 )
At 31 March 2024 -
AMORTISATION
At 1 April 2023 9,661
Eliminated on disposal (9,661 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 13,528

RICHARD'S WINDOWS LTD (REGISTERED NUMBER: 11775019)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Tools and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 April 2023 3,319 4,000 7,319
Additions 133 - 133
Disposals (3,452 ) (4,000 ) (7,452 )
At 31 March 2024 - - -
DEPRECIATION
At 1 April 2023 1,212 2,805 4,017
Eliminated on disposal (1,212 ) (2,805 ) (4,017 )
At 31 March 2024 - - -
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 2,107 1,195 3,302

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors - 28
Other debtors 928 -
928 28

Amounts falling due after more than one year:
Deferred tax asset - 2,044

Aggregate amounts 928 2,072

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,200 1,200
Social security and other taxes - 464
Accruals - 104
1,200 1,768

RICHARD'S WINDOWS LTD (REGISTERED NUMBER: 11775019)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loan 5,688 6,786
Directors' loan account 16,524 25,653
22,212 32,439

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
20 Ordinary £1 20 20