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REGISTERED NUMBER: 04265041 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Trade Price (UK) Conservatories, Windows
& Doors Limited

Trade Price (UK) Conservatories, Windows
& Doors Limited (Registered number: 04265041)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Trade Price (UK) Conservatories, Windows
& Doors Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: L T Joyce





REGISTERED OFFICE: 21 Church Road
Parkstone
Poole
Dorset
BH14 8UF





REGISTERED NUMBER: 04265041 (England and Wales)





ACCOUNTANT: Richard Allen & Associates
21 Church Road
Parkstone
Poole
Dorset
BH14 8UF

Trade Price (UK) Conservatories, Windows
& Doors Limited (Registered number: 04265041)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,521 2,028
Tangible assets 5 48,533 63,076
50,054 65,104

CURRENT ASSETS
Stocks 15,000 15,000
Debtors 6 1,247,287 1,050,123
Cash at bank and in hand 301,229 396,453
1,563,516 1,461,576
CREDITORS
Amounts falling due within one year 7 129,530 136,120
NET CURRENT ASSETS 1,433,986 1,325,456
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,484,040

1,390,560

CREDITORS
Amounts falling due after more than one year 8 (21,484 ) (36,668 )

PROVISIONS FOR LIABILITIES (12,133 ) (15,434 )
NET ASSETS 1,450,423 1,338,458

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,450,323 1,338,358
SHAREHOLDERS' FUNDS 1,450,423 1,338,458

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Trade Price (UK) Conservatories, Windows
& Doors Limited (Registered number: 04265041)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2024 and were signed by:





L T Joyce - Director


Trade Price (UK) Conservatories, Windows
& Doors Limited (Registered number: 04265041)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Trade Price (UK) Conservatories, Windows & Doors 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.

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
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 2007, is being amortised evenly over its estimated useful life of twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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

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 balance sheet date.


Trade Price (UK) Conservatories, Windows
& Doors Limited (Registered number: 04265041)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 8,761
AMORTISATION
At 1 January 2023 6,733
Charge for year 507
At 31 December 2023 7,240
NET BOOK VALUE
At 31 December 2023 1,521
At 31 December 2022 2,028

Trade Price (UK) Conservatories, Windows
& Doors Limited (Registered number: 04265041)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 173,299
Additions 2,839
At 31 December 2023 176,138
DEPRECIATION
At 1 January 2023 110,223
Charge for year 17,382
At 31 December 2023 127,605
NET BOOK VALUE
At 31 December 2023 48,533
At 31 December 2022 63,076

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 93,093
DEPRECIATION
At 1 January 2023 46,333
Charge for year 11,690
At 31 December 2023 58,023
NET BOOK VALUE
At 31 December 2023 35,070
At 31 December 2022 46,760

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 443,710 250,562
Other debtors 803,577 799,561
1,247,287 1,050,123

Trade Price (UK) Conservatories, Windows
& Doors Limited (Registered number: 04265041)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 15,184 14,164
Trade creditors 29,107 40,139
Taxation and social security 59,227 56,698
Other creditors 26,012 25,119
129,530 136,120

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 21,484 36,668

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
L T Joyce
Balance outstanding at start of year 334,995 273,499
Amounts advanced 169,951 154,769
Amounts repaid (166,783 ) (93,273 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 338,163 334,995