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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—7 |
2023 | 2022 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 4 |
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Investment Properties | 5 |
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Investments | 6 |
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CURRENT ASSETS | |||||
Debtors | 7 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 8 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 9 |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 11 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 469,932 | 522,069 | |||
Director
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Leasehold |
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Land & Property | |
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Leasehold | |
£ | |
Cost | |
As at 1 January 2023 |
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As at 31 December 2023 |
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Depreciation | |
As at 1 January 2023 |
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Provided during the period |
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As at 31 December 2023 |
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Net Book Value | |
As at 31 December 2023 |
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As at 1 January 2023 |
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Land & Property | |
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Leasehold | |
£ | |
At cost | 543,704 |
543,704 | |
2023 | |
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£ | |
Fair Value | |
As at 1 January 2023 and 31 December 2023 |
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Listed | Unlisted | Total | |
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£ | £ | £ | |
Cost | |||
As at 1 January 2023 |
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Additions |
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As at 31 December 2023 |
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Provision | |||
As at 1 January 2023 |
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Added in period |
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As at 31 December 2023 |
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Net Book Value | |||
As at 31 December 2023 |
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As at 1 January 2023 |
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2023 | 2022 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Other taxes and social security | - |
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Directors' loan accounts |
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Due after more than one year | |||
Other debtors |
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Deferred tax current asset |
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2023 | 2022 | ||
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£ | £ | ||
Trade creditors |
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Bank loans and overdrafts |
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Corporation tax |
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Other taxes and social security |
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VAT |
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Net wages | 1,545 | 1,552 | |
Accruals and deferred income |
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Directors' loan accounts | - |
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Amounts owed to related parties |
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2023 | 2022 | ||
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£ | £ | ||
Bank loans |
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2023 | 2022 | ||
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£ | £ | ||
Bank loans and overdrafts | 679,204 | 736,614 |
As at 1 January 2023 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 December 2023 | |
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£ | £ | £ | £ | £ | |
Mr Brian Hackett |
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K & H Property Company Limited
K & H Property Company is a related company connected by a director.
During the year, under the 2022 formal loan agreement, K & H Property Company Limited borrowed a further £55,000 in addition to the £60,000 borrowed during 2022. Interest accrues on a non-cumulative basis on the loan amount at a rate of 5% calculated on a daily basis. The interest charged in this year amounts to £4,293 (2022- £1,395). The capital and interest is payable once the Company applies for repayment of the loan or after five years from inception which ever is the earliest. The amount due to the Company at the year end is £120,688 (2022-£61,395) and is included within other debtors due after one year.
Vale Window Company Limited
Vale Window Company Liimited is a related company connected by a director.
As at 31 December 2023, included within creditors due within one year as amounts due to related parties are loans totalling £1,118,048 (2022 -£1,112,883) owed to Vale Window Company Limited. This total amount loaned is interest free and repayable on demand.
Vale Holdings Limited
Vale Holdings Limited is a related company connected by a director.
The Company at the year end owes £273 (2022-£273) to Vale Holdings Limited. This amount is included within creditors due within one year as amounts due to related parties. The loan is repayable on demand.
Vale Window Company Limited
Vale Window Company Limited is a related company connected by a director.
During the year the Company leased to Vale Window Company Limited leasehold premisses from where it trades. The annual market value rental charged is £200,000 (2022- £200,000). Under this agreement the amount due to the Company at the year end is £120,000 (2022-£280,000) and is included within trade debtors due within one year.
Richard Hackett
Mr Hackett is a shareholder and employee of the company
Mr Hackett was owed £43 by the Company as at 1 January 2023 (2022 - £8607), no amount have been repaid or advanced during the year (2022-8650, repaid). At the year end £43 (2022 - £43) was owed toy Mr Hackett and is included within creditors due within one year as amounts due to related parties.