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REGISTERED NUMBER: 04076633 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 December 2023

for

Storm Windows Limited

Storm Windows Limited (Registered number: 04076633)






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


Storm Windows Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M D Reece
Mrs J E R Griffiths
O L G Parkes





REGISTERED OFFICE: Unit 2
James Scott Road
Halesowen
West Midlands
B63 2QT





REGISTERED NUMBER: 04076633 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Storm Windows Limited (Registered number: 04076633)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 255,210 118,679

CURRENT ASSETS
Stocks 148,103 188,029
Debtors 5 617,875 688,905
Cash at bank 56,492 84,496
822,470 961,430
CREDITORS
Amounts falling due within one year 6 758,596 834,666
NET CURRENT ASSETS 63,874 126,764
TOTAL ASSETS LESS CURRENT
LIABILITIES

319,084

245,443

CREDITORS
Amounts falling due after more than one
year

7

(159,383

)

(62,502

)

PROVISIONS FOR LIABILITIES (38,000 ) (10,225 )
NET ASSETS 121,701 172,716

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 111,701 162,716
SHAREHOLDERS' FUNDS 121,701 172,716

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 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.

Storm Windows Limited (Registered number: 04076633)

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 Board of Directors and authorised for issue on 30 April 2024 and were signed on its behalf by:




Mrs J E R Griffiths - Director



M D Reece - Director


Storm Windows Limited (Registered number: 04076633)

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

1. STATUTORY INFORMATION

Storm Windows 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.

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 - over 2 to 5 years
Motor vehicles - over 3 years

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.

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.

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 21 (2022 - 20 ) .

Storm Windows Limited (Registered number: 04076633)

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

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2023 36,445 69,541 159,245 265,231
Additions - 4,067 198,572 202,639
Disposals - - (37,499 ) (37,499 )
At 31 December 2023 36,445 73,608 320,318 430,371
DEPRECIATION
At 1 January 2023 6,025 65,110 75,417 146,552
Charge for year 729 3,919 42,711 47,359
Eliminated on disposal - - (18,750 ) (18,750 )
At 31 December 2023 6,754 69,029 99,378 175,161
NET BOOK VALUE
At 31 December 2023 29,691 4,579 220,940 255,210
At 31 December 2022 30,420 4,431 83,828 118,679

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 70,994
DEPRECIATION
At 1 January 2023
and 31 December 2023 10,538
NET BOOK VALUE
At 31 December 2023 60,456
At 31 December 2022 60,456

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 590,225 677,025
Other debtors 27,650 11,880
617,875 688,905

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 66,238 23,409
Trade creditors 180,129 158,001
Amounts owed to group undertakings 3,530 20,337
Taxation and social security 85,781 120,055
Other creditors 412,918 502,864
758,596 834,666

Storm Windows Limited (Registered number: 04076633)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 22,500 32,500
Hire purchase contracts 136,883 30,002
159,383 62,502

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The balance due from the company to the directors as at 31st December 2023 was £11,467 (2022 - £12,467).