You Choose (The Independent Window Brokers) Limited 04400352 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is window glazing and repairs. Digita Accounts Production Advanced 6.30.9574.0 true true 04400352 2023-04-01 2024-03-31 04400352 2024-03-31 04400352 bus:OrdinaryShareClass1 2024-03-31 04400352 core:CurrentFinancialInstruments 2024-03-31 04400352 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04400352 core:MotorVehicles 2024-03-31 04400352 core:OtherPropertyPlantEquipment 2024-03-31 04400352 bus:SmallEntities 2023-04-01 2024-03-31 04400352 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04400352 bus:FullAccounts 2023-04-01 2024-03-31 04400352 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04400352 bus:RegisteredOffice 2023-04-01 2024-03-31 04400352 bus:Director1 2023-04-01 2024-03-31 04400352 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 04400352 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04400352 countries:AllCountries 2023-04-01 2024-03-31 04400352 2023-03-31 04400352 core:MotorVehicles 2023-03-31 04400352 core:OtherPropertyPlantEquipment 2023-03-31 04400352 2022-04-01 2023-03-31 04400352 2023-03-31 04400352 bus:OrdinaryShareClass1 2023-03-31 04400352 core:CurrentFinancialInstruments 2023-03-31 04400352 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04400352

You Choose (The Independent Window Brokers) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

You Choose (The Independent Window Brokers) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

You Choose (The Independent Window Brokers) Limited

Company Information

Director

Mr Timothy William Cork

Registered office

70 Lee Park
London
SE3 9HZ

Accountants

EJBC Chartered Accountants
2 Toomers Wharf
Canal Walk
Newbury
Berkshire
RG14 1DY

 

You Choose (The Independent Window Brokers) Limited

(Registration number: 04400352)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Debtors

21,849

50,571

Cash at bank and in hand

 

497,603

347,013

 

519,452

397,584

Creditors: Amounts falling due within one year

(97,214)

(46,840)

Net assets

 

422,238

350,744

Capital and reserves

 

Called up share capital

4

1

1

Retained earnings

422,237

350,743

Shareholders' funds

 

422,238

350,744

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 23 September 2024
 

.........................................
Mr Timothy William Cork
Director

 

You Choose (The Independent Window Brokers) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

You Choose (The Independent Window Brokers) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

You Choose (The Independent Window Brokers) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

3

Tangible assets

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

16,683

2,239

18,922

At 31 March 2024

16,683

2,239

18,922

Depreciation

At 1 April 2023

16,683

2,239

18,922

At 31 March 2024

16,683

2,239

18,922

Carrying amount

At 31 March 2024

-

-

-

4

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary Share Capital of £1 each

1

1

1

1