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REGISTERED NUMBER: 02889140 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PREMIER WINDOW SYSTEMS (GRIMSBY) LIMITED

PREMIER WINDOW SYSTEMS (GRIMSBY) LIMITED (REGISTERED NUMBER: 02889140)






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


PREMIER WINDOW SYSTEMS (GRIMSBY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: P A Campling





REGISTERED OFFICE: 1-5 Mill Place
Cleethorpes
N E Lincolnshire
DN35 8ND





REGISTERED NUMBER: 02889140 (England and Wales)





ACCOUNTANTS: D Flynn Associates Limited
Chartered Certified Accountants
and Business Advisors
23 Chantry Lane
Grimsby
N E Lincolnshire
DN31 2LP

PREMIER WINDOW SYSTEMS (GRIMSBY) LIMITED (REGISTERED NUMBER: 02889140)

BALANCE SHEET
31 DECEMBER 2023

31.12.22 31.12.23
£    £    Notes £    £   
FIXED ASSETS
950,869 Tangible assets 4 971,041
733,681 Investment property 5 735,681
1,684,550 1,706,722

CURRENT ASSETS
3,819 Stocks 2,766
4,952 Debtors 6 2,361
405,968 Investments 7 482,823
537,325 Cash at bank and in hand 492,566
952,064 980,516
CREDITORS
38,857 Amounts falling due within one year 8 38,337
913,207 NET CURRENT ASSETS 942,179
2,597,757 TOTAL ASSETS LESS CURRENT
LIABILITIES

2,648,901

CREDITORS
(26,157 ) Amounts falling due after more than one year 9 (15,786 )

(25,896 ) PROVISIONS FOR LIABILITIES (28,778 )
2,545,704 NET ASSETS 2,604,337

CAPITAL AND RESERVES
100 Called up share capital 100
(50,606 ) Fair value reserve 10 (5,044 )
2,596,210 Retained earnings 2,609,281
2,545,704 SHAREHOLDERS' FUNDS 2,604,337

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.

PREMIER WINDOW SYSTEMS (GRIMSBY) LIMITED (REGISTERED NUMBER: 02889140)

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 5 September 2024 and were signed by:





P A Campling - Director


PREMIER WINDOW SYSTEMS (GRIMSBY) LIMITED (REGISTERED NUMBER: 02889140)

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

1. STATUTORY INFORMATION

Premier Window Systems (Grimsby) 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.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

PREMIER WINDOW SYSTEMS (GRIMSBY) LIMITED (REGISTERED NUMBER: 02889140)

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

2. ACCOUNTING POLICIES - continued

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 7 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
Totals buildings etc
£    £    £   
COST
At 1 January 2023 1,193,174 814,576 378,598
Additions 51,692 5,000 46,692
Disposals (3,770 ) - (3,770 )
At 31 December 2023 1,241,096 819,576 421,520
DEPRECIATION
At 1 January 2023 242,305 - 242,305
Charge for year 31,381 - 31,381
Eliminated on disposal (3,631 ) - (3,631 )
At 31 December 2023 270,055 - 270,055
NET BOOK VALUE
At 31 December 2023 971,041 819,576 151,465
At 31 December 2022 950,869 814,576 136,293

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 733,681
Additions 2,000
At 31 December 2023 735,681
NET BOOK VALUE
At 31 December 2023 735,681
At 31 December 2022 733,681

PREMIER WINDOW SYSTEMS (GRIMSBY) LIMITED (REGISTERED NUMBER: 02889140)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 2,361 4,952

7. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Listed investments 482,823 405,968

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 9,951 9,532
Trade creditors 4,578 6,429
Taxation and social security 8,350 7,965
Other creditors 15,458 14,931
38,337 38,857

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 15,786 26,157

10. RESERVES
Fair
value
reserve
£   
At 1 January 2023 (50,606 )
Revaluation of investments 45,562

At 31 December 2023 (5,044 )