IRIS Accounts Production v24.2.0.383 01182840 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh011828402023-02-28011828402024-02-29011828402023-03-012024-02-29011828402022-02-28011828402022-03-012023-02-28011828402023-02-2801182840ns15:EnglandWales2023-03-012024-02-2901182840ns14:PoundSterling2023-03-012024-02-2901182840ns10:Director12023-03-012024-02-2901182840ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2901182840ns10:SmallEntities2023-03-012024-02-2901182840ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2901182840ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2901182840ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2901182840ns10:FullAccounts2023-03-012024-02-2901182840ns10:Director22023-03-012024-02-2901182840ns10:Director32023-03-012024-02-2901182840ns10:RegisteredOffice2023-03-012024-02-2901182840ns5:CurrentFinancialInstruments2024-02-2901182840ns5:CurrentFinancialInstruments2023-02-2801182840ns5:ShareCapital2024-02-2901182840ns5:ShareCapital2023-02-2801182840ns5:CapitalRedemptionReserve2024-02-2901182840ns5:CapitalRedemptionReserve2023-02-2801182840ns5:RetainedEarningsAccumulatedLosses2024-02-2901182840ns5:RetainedEarningsAccumulatedLosses2023-02-2801182840ns5:LeaseholdImprovements2023-02-2801182840ns5:PlantMachinery2023-02-2801182840ns5:FurnitureFittings2023-02-2801182840ns5:LeaseholdImprovements2023-03-012024-02-2901182840ns5:PlantMachinery2023-03-012024-02-2901182840ns5:FurnitureFittings2023-03-012024-02-2901182840ns5:LeaseholdImprovements2024-02-2901182840ns5:PlantMachinery2024-02-2901182840ns5:FurnitureFittings2024-02-2901182840ns5:LeaseholdImprovements2023-02-2801182840ns5:PlantMachinery2023-02-2801182840ns5:FurnitureFittings2023-02-2801182840ns5:MotorVehicles2023-02-2801182840ns5:ComputerEquipment2023-02-2801182840ns5:MotorVehicles2023-03-012024-02-2901182840ns5:ComputerEquipment2023-03-012024-02-2901182840ns5:MotorVehicles2024-02-2901182840ns5:ComputerEquipment2024-02-2901182840ns5:MotorVehicles2023-02-2801182840ns5:ComputerEquipment2023-02-2801182840ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2901182840ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28
REGISTERED NUMBER: 01182840 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

BROADLAND WINDOWS LIMITED

BROADLAND WINDOWS LIMITED (REGISTERED NUMBER: 01182840)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BROADLAND WINDOWS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: M Bye
R Bye
M Bye





REGISTERED OFFICE: 148 Hellesdon Park Road
Norwich
Norfolk
NR6 5DR





REGISTERED NUMBER: 01182840 (England and Wales)






BROADLAND WINDOWS LIMITED (REGISTERED NUMBER: 01182840)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 179,574 142,562

CURRENT ASSETS
Stocks 331,786 270,416
Debtors 5 210,203 149,028
Cash at bank and in hand 1,083,270 884,940
1,625,259 1,304,384
CREDITORS
Amounts falling due within one year 6 733,568 487,954
NET CURRENT ASSETS 891,691 816,430
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,071,265

958,992

PROVISIONS FOR LIABILITIES 37,668 43,447
NET ASSETS 1,033,597 915,545

CAPITAL AND RESERVES
Called up share capital 867 867
Capital redemption reserve 133 133
Retained earnings 1,032,597 914,545
1,033,597 915,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

BROADLAND WINDOWS LIMITED (REGISTERED NUMBER: 01182840)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 11 September 2024 and were signed on its behalf by:





M Bye - Director


BROADLAND WINDOWS LIMITED (REGISTERED NUMBER: 01182840)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Broadland 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The directors have considered the company's position at the time of signing the financial statements. After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The following criteria must also be met before revenue is recognised:

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has accepted delivery of the goods.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Property improvements - 12.5% straight line
Plant and machinery - 20% reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% reducing balance
Computer equipment - 33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised on the Income Statement.

BROADLAND WINDOWS LIMITED (REGISTERED NUMBER: 01182840)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Stocks
Stocks 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.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks and other third parties.

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.

BROADLAND WINDOWS LIMITED (REGISTERED NUMBER: 01182840)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2023 17,286 94,142 4,092
Additions - 43,358 -
Disposals - - -
At 29 February 2024 17,286 137,500 4,092
DEPRECIATION
At 1 March 2023 17,286 12,598 4,092
Charge for year - 18,274 -
Eliminated on disposal - - -
At 29 February 2024 17,286 30,872 4,092
NET BOOK VALUE
At 29 February 2024 - 106,628 -
At 28 February 2023 - 81,544 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 208,918 8,870 333,308
Additions 30,339 11,860 85,557
Disposals (23,300 ) - (23,300 )
At 29 February 2024 215,957 20,730 395,565
DEPRECIATION
At 1 March 2023 149,571 7,199 190,746
Charge for year 21,538 3,673 43,485
Eliminated on disposal (18,240 ) - (18,240 )
At 29 February 2024 152,869 10,872 215,991
NET BOOK VALUE
At 29 February 2024 63,088 9,858 179,574
At 28 February 2023 59,347 1,671 142,562

BROADLAND WINDOWS LIMITED (REGISTERED NUMBER: 01182840)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 199,062 130,821
Other debtors 11,141 18,207
210,203 149,028

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 259,547 51,894
Taxation and social security 92,067 108,408
Other creditors 381,954 327,652
733,568 487,954

7. OTHER FINANCIAL COMMITMENTS

The company has commitments under operating leases amounting to £414,000 (2023 - £nil)

8. RELATED PARTY DISCLOSURES

A director is the trustee and sole beneficiary of the Broadland Windows Limited Directors Benefits Scheme. Rent was paid to the scheme of £46,000 (2023 - £45,000) during the year. A new 10 year lease was signed by the company on 14 March 2023.