Vintage Windows and Building Plastics Limited 11062727 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is the supply of windows and building plastics. Digita Accounts Production Advanced 6.30.9574.0 true 11062727 2022-12-01 2023-11-30 11062727 2023-11-30 11062727 core:RetainedEarningsAccumulatedLosses 2023-11-30 11062727 core:ShareCapital 2023-11-30 11062727 core:SharePremium 2023-11-30 11062727 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:CurrentFinancialInstruments 2023-11-30 11062727 core:CurrentFinancialInstruments 2023-11-30 11062727 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 11062727 core:Non-currentFinancialInstruments 2023-11-30 11062727 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 11062727 core:FurnitureFittingsToolsEquipment 2023-11-30 11062727 core:MotorVehicles 2023-11-30 11062727 bus:SmallEntities 2022-12-01 2023-11-30 11062727 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 11062727 bus:FilletedAccounts 2022-12-01 2023-11-30 11062727 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11062727 bus:RegisteredOffice 2022-12-01 2023-11-30 11062727 bus:Director1 2022-12-01 2023-11-30 11062727 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11062727 core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 11062727 core:MotorVehicles 2022-12-01 2023-11-30 11062727 core:OfficeEquipment 2022-12-01 2023-11-30 11062727 core:PlantMachinery 2022-12-01 2023-11-30 11062727 countries:EnglandWales 2022-12-01 2023-11-30 11062727 2022-11-30 11062727 core:FurnitureFittingsToolsEquipment 2022-11-30 11062727 core:MotorVehicles 2022-11-30 11062727 2021-12-01 2022-11-30 11062727 2022-11-30 11062727 core:RetainedEarningsAccumulatedLosses 2022-11-30 11062727 core:ShareCapital 2022-11-30 11062727 core:SharePremium 2022-11-30 11062727 core:CurrentFinancialInstruments 2022-11-30 11062727 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 11062727 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2022-11-30 11062727 core:Non-currentFinancialInstruments 2022-11-30 11062727 core:Non-currentFinancialInstruments core:AfterOneYear 2022-11-30 11062727 core:FurnitureFittingsToolsEquipment 2022-11-30 11062727 core:MotorVehicles 2022-11-30 11062727 core:PreviouslyStatedAmount 2022-11-30 iso4217:GBP xbrli:pure

Registration number: 11062727

Vintage Windows and Building Plastics Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Vintage Windows and Building Plastics Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Vintage Windows and Building Plastics Limited

(Registration number: 11062727)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

6,243

5,827

Current assets

 

Stocks

6

33,333

30,672

Debtors

7

279,716

243,812

Other financial assets

5

13,400

10,725

Cash at bank and in hand

 

8,025

21,995

 

334,474

307,204

Creditors: Amounts falling due within one year

8

(223,431)

(206,167)

Net current assets

 

111,043

101,037

Total assets less current liabilities

 

117,286

106,864

Creditors: Amounts falling due after more than one year

8

(15,000)

(25,128)

Provisions for liabilities

(1,561)

(1,107)

Net assets

 

100,725

80,629

Capital and reserves

 

Called up share capital

3

3

Share premium reserve

9,999

9,999

Retained earnings

90,723

70,627

Shareholders' funds

 

100,725

80,629

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 August 2024 and signed on its behalf by:
 

 

Vintage Windows and Building Plastics Limited

(Registration number: 11062727)
Balance Sheet as at 30 November 2023

.........................................
Mr M T Brown
Director

 

Vintage Windows and Building Plastics Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1D Marrtree Business Park
Silk Road
Wheatley Hall Road
Doncaster
DN2 4BQ

These financial statements were authorised for issue by the Board on 14 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

Tax

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

 

Vintage Windows and Building Plastics Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Office equipment

25% reducing balance

Plant and machinery

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Vintage Windows and Building Plastics Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2022 - 8).

 

Vintage Windows and Building Plastics Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2022

7,755

6,500

14,255

Additions

-

2,500

2,500

At 30 November 2023

7,755

9,000

16,755

Depreciation

At 1 December 2022

4,968

3,460

8,428

Charge for the year

698

1,386

2,084

At 30 November 2023

5,666

4,846

10,512

Carrying amount

At 30 November 2023

2,089

4,154

6,243

At 30 November 2022

2,787

3,040

5,827

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Current financial assets

Cost or valuation

Fair value adjustments

2,675

2,675

CA investment - listed other shares bfwd

10,725

10,725

At 30 November 2023

13,400

13,400

Impairment

Carrying amount

At 30 November 2023

13,400

13,400

 

Vintage Windows and Building Plastics Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

6

Stocks

2023
£

2022
£

Other inventories

33,333

30,672

7

Debtors

2023
£

2022
£

Trade debtors

268,146

166,717

Other debtors

3,798

69,599

Prepayments

7,772

7,496

279,716

243,812

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9

10,000

9,873

Trade creditors

 

181,144

124,863

Amounts owed to related parties

1,657

2,538

Taxation and social security

 

-

12,465

Corporation tax

 

4,095

3,500

Other creditors

 

13,826

302

Accrued expenses

 

12,709

52,626

 

223,431

206,167

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

15,000

25,128

 

Vintage Windows and Building Plastics Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

9

Loans and borrowings

Current loans and borrowings

2023
£

2022
£

Bank borrowings

10,000

9,873

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

15,000

25,128