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Registered number: 03545701
The Windscreen Company Limited
Financial Statements
For The Year Ended 31 December 2023
Dial Accounts
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 03545701
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 279,659 261,695
279,659 261,695
CURRENT ASSETS
Stocks 5 126,455 97,389
Debtors 6 553,861 475,188
Cash at bank and in hand 122,708 202,746
803,024 775,323
Creditors: Amounts Falling Due Within One Year 7 (925,204 ) (907,730 )
NET CURRENT ASSETS (LIABILITIES) (122,180 ) (132,407 )
TOTAL ASSETS LESS CURRENT LIABILITIES 157,479 129,288
Creditors: Amounts Falling Due After More Than One Year 8 (87,165 ) (72,907 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (69,334 ) (64,806 )
NET ASSETS/(LIABILITIES) 980 (8,425 )
CAPITAL AND RESERVES
Called up share capital 10 134 134
Profit and Loss Account 846 (8,559 )
SHAREHOLDERS' FUNDS 980 (8,425)
Page 1
Page 2
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Barry Hegley
Director
23 September 2024
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
The Windscreen Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03545701 . The registered office is 5 Tudor Works, Turret Lane, Ipswich, Suffolk, IP4 1DL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The financial statements are prepared on a going concern basis, despite the balance sheet showing net current liabilities.  The director notes that the company is trading adequately and has sufficient working capital and other finanace available to continue trading for a period of not less that 12 months from the Statement of financial positopn date.  As such, the director believes that there are no significant uncertainties in their assessment of whether the business is a going concern and have therefore prepared the accounts on a basis of going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on cost
Motor Vehicles 20% on cost
Fixtures & Fittings 20% on cost
Computer Equipment 20% on cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. 
The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. The capital element of future payments is treated as a liability.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
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 stocks. 
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2.7. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss, except to the extent it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Deferred tax is recognised in respect of all timing differences that have originated but have 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 reversal of deferred tax liabilities or other future taxable profits.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 25 (2022: 26)
25 26
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 103,423 483,240 3,886 16,611 607,160
Additions 7,883 132,005 - - 139,888
Disposals - (42,964 ) - - (42,964 )
As at 31 December 2023 111,306 572,281 3,886 16,611 704,084
Depreciation
As at 1 January 2023 88,323 239,460 3,886 13,796 345,465
Provided during the period 8,363 103,959 - 835 113,157
Disposals - (34,197 ) - - (34,197 )
As at 31 December 2023 96,686 309,222 3,886 14,631 424,425
Net Book Value
As at 31 December 2023 14,620 263,059 - 1,980 279,659
As at 1 January 2023 15,100 243,780 - 2,815 261,695
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2023 2022
£ £
Motor Vehicles 226,105 198,499
226,105 198,499
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5. Stocks
2023 2022
£ £
Stock 126,455 97,389
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 507,190 440,334
Prepayments and accrued income 31,978 12,316
Other debtors 10,530 18,375
Corporation tax recoverable assets 4,163 4,163
553,861 475,188
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 68,498 67,085
Trade creditors 358,000 322,970
Bank loans and overdrafts 9,890 9,645
Corporation tax 17,370 19,824
Other taxes and social security 28,899 23,422
VAT 74,910 59,608
Other creditors 40,000 49,262
Factoring 298,737 310,300
Accruals and deferred income 7,196 5,400
Director's loan account 8,699 24,624
Credit card 13,005 15,590
925,204 907,730
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 72,104 47,711
Bank loans 15,061 25,196
87,165 72,907
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9. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
Hire purchase assets are secured on the asset to which they relate.
HSBC bank hold a debenture and fixed and floating charges over all assets in relation to the overdraft and invoice finanancing.
The HSBC Bounce Bank Loan is covered by the Government backed scheme attached to the loan.
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 140,603 114,796
Bank loans and overdrafts 24,951 34,841
Other Creditors 298,737 310,300
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 134 134
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 33,192 13,580
Later than one year and not later than five years 131,088 54,320
Later than five years - 9,053
164,280 76,953
12. Directors Advances, Credits and Guarantees
Included within creditors are the following loans from directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Barry Hegley (24,624 ) 32,525 (16,600 ) - (8,699 )
The above loan is unsecured, interest free and repayable on demand.
13. Related Party Transactions
The company was under the daily management of Mr Hegley throughout the current and previous year. The
immediate and ultimate parent undertaking is Winborn Holdings Limited, a company incorporated in England
and Wales. This is the only company that prepares consolidated financial statements in the group. The parent
company's registered office address is c/o Master Auto Glass, 4 Cumberland Avenue, Park Royal, London,
NW10 7QL.
Amounts owed to the Director by the company are shown in the creditors note above.
At the year end the company owed £40,000 (2022-£45,000) to its parent company.
During the year, dividends totalling £13,600 (2022-£32,500) were declared to a director.
During the year, dividends totalling £40,000 (2022-£45,000) were declared to its parent company.
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14. Audit Information
The auditors report on the account of The Windscreen Company Limited for the year ended 31 December 2023 was unqualified
The auditor's report was signed by Simon Carr (Senior Statutory Auditor) for and on behalf of Barnes Roffe , Statutory Auditor
Barnes Roffe
3 Brook Business Centre
Cowley Mill Road
Uxbridge
Middlesex
UX8 2FX
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