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REGISTERED NUMBER: SC260015 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

UNIVERSAL WINDOWS & DOORS LIMITED

UNIVERSAL WINDOWS & DOORS LIMITED (REGISTERED NUMBER: SC260015)






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


UNIVERSAL WINDOWS & DOORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: J Allan





SECRETARY: C Allan





REGISTERED OFFICE: Stanley House
69/71 Hamilton Road
Motherwell
ML1 3DG





BUSINESS ADDRESS: 129 Holytown Road
Bellshill
ML3 6JT





REGISTERED NUMBER: SC260015 (Scotland)





ACCOUNTANTS: McDaid & Partners
Stanley House
69/71 Hamilton Road
Motherwell
Lanarkshire
ML1 3DG

UNIVERSAL WINDOWS & DOORS LIMITED (REGISTERED NUMBER: SC260015)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 25,167 30,249
25,168 30,250

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 6 313,928 319,730
Cash at bank and in hand 60,642 66,215
384,570 395,945
CREDITORS
Amounts falling due within one year 7 195,925 217,521
NET CURRENT ASSETS 188,645 178,424
TOTAL ASSETS LESS CURRENT
LIABILITIES

213,813

208,674

CREDITORS
Amounts falling due after more than one
year

8

(14,167

)

(24,167

)

PROVISIONS FOR LIABILITIES (1,250 ) (1,560 )
NET ASSETS 198,396 182,947

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 198,394 182,945
198,396 182,947

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.

UNIVERSAL WINDOWS & DOORS LIMITED (REGISTERED NUMBER: SC260015)

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 3 September 2024 and were signed by:





J Allan - Director


UNIVERSAL WINDOWS & DOORS LIMITED (REGISTERED NUMBER: SC260015)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Universal Windows & Doors Limited is a private company, limited by shares , registered in Scotland. 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 stated net of VAT and trade discounts. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where the contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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.
Property improvements - Straight line over 20 years
Plant & machinery - 25% on reducing balance
Computer equipment - 20% on cost

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

Financial instruments
Trade debtors
Trade debtors are amounts due from customers for goods 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.

Trade Creditors
Trade creditors are amounts due to suppliers for goods or services obtained in the ordinary course of business.

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

Cash
Cash and cash equivalents are basic financial assets and include cash on hand, deposits held at call with banks, other short-term liquid investments and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

UNIVERSAL WINDOWS & DOORS LIMITED (REGISTERED NUMBER: SC260015)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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.

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
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 10 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 30,000
AMORTISATION
At 1 January 2023
and 31 December 2023 29,999
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

UNIVERSAL WINDOWS & DOORS LIMITED (REGISTERED NUMBER: SC260015)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Property Plant & Computer
improvements machinery equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 72,485 66,093 4,295 142,873
DEPRECIATION
At 1 January 2023 48,061 60,268 4,295 112,624
Charge for year 3,626 1,456 - 5,082
At 31 December 2023 51,687 61,724 4,295 117,706
NET BOOK VALUE
At 31 December 2023 20,798 4,369 - 25,167
At 31 December 2022 24,424 5,825 - 30,249

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 42,428 168,230
Other debtors 271,500 151,500
313,928 319,730

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 10,388 69,335
Taxation and social security 41,660 50,282
Other creditors 133,877 87,904
195,925 217,521

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 14,167 24,167

9. OTHER FINANCIAL COMMITMENTS

The total amount of lease commitments is £21,108 (2022 £32,622).

UNIVERSAL WINDOWS & DOORS LIMITED (REGISTERED NUMBER: SC260015)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

10. 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:

31.12.23 31.12.22
£    £   
J Allan
Balance outstanding at start of year 663 316
Amounts advanced 66,175 68,000
Amounts repaid (65,095 ) (67,653 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,743 663

Loan from director is interest free and repayable on demand.

11. RELATED PARTY DISCLOSURES

C Allan & J Allan are 100% shareholders of Calmac Properties Limited. Included within other debtors is a balance of £271,500 (2022 £151,500) due from the company.