2023-01-012023-12-312023-12-31falseSC437247FORTH WINDOWS & DOORS 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FORTH WINDOWS & DOORS LTD

Registered Number
SC437247
(Scotland)

Unaudited Financial Statements for the Year ended
31 December 2023

FORTH WINDOWS & DOORS LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

Sean Hardie

Registered Address

Unit T Telford Road
Eastfield Industrial Estate
Glenrothes
KY7 4NX

Registered Number

SC437247 (Scotland)
FORTH WINDOWS & DOORS LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets310,28411,484
Tangible assets4483,625550,496
Investments511,31311,313
505,222573,293
Current assets
Stocks347,648413,958
Debtors6963,2961,408,281
Cash at bank and on hand972,937545,695
2,283,8812,367,934
Creditors amounts falling due within one year7(459,637)(666,304)
Net current assets (liabilities)1,824,2441,701,630
Total assets less current liabilities2,329,4662,274,923
Creditors amounts falling due after one year8-(199,203)
Provisions for liabilities(20,613)(27,607)
Net assets2,308,8532,048,113
Capital and reserves
Called up share capital11
Profit and loss account2,308,8522,048,112
Shareholders' funds2,308,8532,048,113
The financial statements were approved and authorised for issue by the Director on 4 September 2024, and are signed on its behalf by:
Sean Hardie
Director
Registered Company No. SC437247
FORTH WINDOWS & DOORS LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Employee benefits
The company operates a defined contribution pension scheme. Contributions payable to the companys pension scheme are charged to profit or loss in the period to which they relate.
Current 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.
Intangible assets
Intangible assets, being the Company domain name, are being amortised over fifteen years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Freehold Property - straight line over 50 years Improvements to property - straight line over 50 years Plant & Machinery - 15% on reducing balance Fixtures & Fittings - 25% on cost and 10% on cost Motor Vehicles - 25% on reducing balance
Investments
Fixed asset investments are stated at cost less provision for any diminution in value.
Stocks and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.Average number of employees

20232022
Average number of employees during the year3038
3.Intangible assets

Goodwill

Other

Total

£££
Cost or valuation
At 01 January 2322,40012,00034,400
At 31 December 2322,40012,00034,400
Amortisation and impairment
At 01 January 2322,40051622,916
Charge for year-1,2001,200
At 31 December 2322,4001,71624,116
Net book value
At 31 December 23-10,28410,284
At 31 December 22-11,48411,484
4.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Total

£££££
Cost or valuation
At 01 January 23460,29119,442138,763162,490780,986
Additions---899899
Disposals--(32,630)-(32,630)
At 31 December 23460,29119,442106,133163,389749,255
Depreciation and impairment
At 01 January 2355,0997,05460,847107,490230,490
Charge for year9,2061,85817,27426,02454,362
On disposals--(19,222)-(19,222)
At 31 December 2364,3058,91258,899133,514265,630
Net book value
At 31 December 23395,98610,53047,23429,875483,625
At 31 December 22405,19212,38877,91655,000550,496
5.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 January 2311,31311,313
At 31 December 2311,31311,313
Net book value
At 31 December 2311,31311,313
At 31 December 2211,31311,313

Notes

1Other investments other than loans
6.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables354,152903,144
Other debtors597,403492,176
Prepayments and accrued income11,74112,961
Total963,2961,408,281
7.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables221,062267,309
Bank borrowings and overdrafts-23,100
Taxation and social security214,242331,315
Other creditors15,38430,718
Accrued liabilities and deferred income8,94913,862
Total459,637666,304
8.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts-199,203
Total-199,203
The Royal Bank of Scotland holds a fixed and floating charge over the assets of the Company.