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REGISTERED NUMBER: 04240118 (England and Wales)























Unaudited Financial Statements

for the Year Ended 24 December 2023

for

Trade Windows (Preston) Limited

Trade Windows (Preston) Limited (Registered number: 04240118)

Contents of the Financial Statements
for the Year Ended 24 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Trade Windows (Preston) Limited

Company Information
for the Year Ended 24 December 2023







DIRECTORS: Mrs P O'Donnell
Mrs J Sharkey





SECRETARY: Mr M O'Donnell





REGISTERED OFFICE: 316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE





REGISTERED NUMBER: 04240118 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Trade Windows (Preston) Limited (Registered number: 04240118)

Statement of Financial Position
24 December 2023

24.12.23 24.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,179 64,750

CURRENT ASSETS
Stocks 168,521 100,354
Debtors 5 461,995 743,045
Cash at bank and in hand 334,890 445,435
965,406 1,288,834
CREDITORS
Amounts falling due within one year 6 317,669 472,920
NET CURRENT ASSETS 647,737 815,914
TOTAL ASSETS LESS CURRENT
LIABILITIES

685,916

880,664

CREDITORS
Amounts falling due after more than one
year

7

(5,267

)

(40,867

)

PROVISIONS FOR LIABILITIES (7,254 ) (12,303 )
NET ASSETS 673,395 827,494

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 673,293 827,392
SHAREHOLDERS' FUNDS 673,395 827,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 December 2023 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.

Trade Windows (Preston) Limited (Registered number: 04240118)

Statement of Financial Position - continued
24 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 Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





Mrs J Sharkey - Director


Trade Windows (Preston) Limited (Registered number: 04240118)

Notes to the Financial Statements
for the Year Ended 24 December 2023


1. STATUTORY INFORMATION

Trade Windows (Preston) 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Trade Windows (Preston) Limited (Registered number: 04240118)

Notes to the Financial Statements - continued
for the Year Ended 24 December 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 25 December 2022
and 24 December 2023 2,950 9,843 96,302 20,253 129,348
DEPRECIATION
At 25 December 2022 1,770 9,842 40,047 12,939 64,598
Charge for year 590 - 24,075 1,906 26,571
At 24 December 2023 2,360 9,842 64,122 14,845 91,169
NET BOOK VALUE
At 24 December 2023 590 1 32,180 5,408 38,179
At 24 December 2022 1,180 1 56,255 7,314 64,750

Trade Windows (Preston) Limited (Registered number: 04240118)

Notes to the Financial Statements - continued
for the Year Ended 24 December 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 25 December 2022
and 24 December 2023 44,245
DEPRECIATION
At 25 December 2022 27,033
Charge for year 11,061
At 24 December 2023 38,094
NET BOOK VALUE
At 24 December 2023 6,151
At 24 December 2022 17,212

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
24.12.23 24.12.22
£    £   
Trade debtors 348,079 741,861
Other debtors 113,916 1,184
461,995 743,045

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
24.12.23 24.12.22
£    £   
Bank loans and overdrafts - 10,000
Hire purchase contracts (see note 8) 9,768 9,768
Trade creditors 191,970 196,756
Taxation and social security 42,359 194,974
Other creditors 73,572 61,422
317,669 472,920

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
24.12.23 24.12.22
£    £   
Bank loans - 25,833
Hire purchase contracts (see note 8) 5,267 15,034
5,267 40,867

Trade Windows (Preston) Limited (Registered number: 04240118)

Notes to the Financial Statements - continued
for the Year Ended 24 December 2023


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
24.12.23 24.12.22
£    £   
Net obligations repayable:
Within one year 9,768 9,768
Between one and five years 5,267 15,034
15,035 24,802

Non-cancellable operating leases
24.12.23 24.12.22
£    £   
Within one year 1,400 1,488

9. SECURED DEBTS

The following secured debts are included within creditors:

24.12.23 24.12.22
£    £   
Bank loans - 35,833

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from The Royal Bank of Scotland PLC.

10. RELATED PARTY DISCLOSURES

At the year end date the company had a loan totalling £105,126 which was owed to it from a company with a common shareholder. This loan is interest free and repayable on demand.