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REGISTERED NUMBER: 01396746 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

CHESHIRE VEHICLE WINDOWS LIMITED

CHESHIRE VEHICLE WINDOWS LIMITED (REGISTERED NUMBER: 01396746)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

CHESHIRE VEHICLE WINDOWS LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTORS: M G James
D Watt
S McGleish





REGISTERED OFFICE: Unit 3
Road One Industrial Estate
Winsford
Cheshire
CW7 3PZ





REGISTERED NUMBER: 01396746 (England and Wales)





ACCOUNTANTS: Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA

CHESHIRE VEHICLE WINDOWS LIMITED (REGISTERED NUMBER: 01396746)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 67,958 76,546

CURRENT ASSETS
Stocks 432,196 451,007
Debtors 6 370,073 266,178
Cash at bank and in hand - 15,417
802,269 732,602
CREDITORS
Amounts falling due within one year 7 335,398 228,341
NET CURRENT ASSETS 466,871 504,261
TOTAL ASSETS LESS CURRENT
LIABILITIES

534,829

580,807

CREDITORS
Amounts falling due after more than one year 8 (16,664 ) (62,397 )

PROVISIONS FOR LIABILITIES (16,990 ) (14,389 )
NET ASSETS 501,175 504,021

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Share premium 8,000 8,000
Other reserves 8,000 8,000
Retained earnings 483,175 486,021
SHAREHOLDERS' FUNDS 501,175 504,021

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

CHESHIRE VEHICLE WINDOWS LIMITED (REGISTERED NUMBER: 01396746)

Balance Sheet - continued
31 January 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 4 October 2024 and were signed on its behalf by:





M G James - Director


CHESHIRE VEHICLE WINDOWS LIMITED (REGISTERED NUMBER: 01396746)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Cheshire Vehicle 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. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is derived from goods and services supplied by the company.

Turnover is measured at the fair value of goods and services supplied, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of 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 etc - 25% on reducing balance and 20% on reducing balance

Tangible fixed assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment loss.

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £1,000 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the income statement in the period it is incurred.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to the income statement as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amounts of stocks recognised as an expense in the period in which the reversal occurs.


CHESHIRE VEHICLE WINDOWS LIMITED (REGISTERED NUMBER: 01396746)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. ACCOUNTING POLICIES - continued
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
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 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 in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement on a straight line basis.

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.

Factor advances
Factor advances received against trade debtors are presented separately under current liabilities as the company bears any losses arising from the irrecoverability of these debts.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 5 ) .

CHESHIRE VEHICLE WINDOWS LIMITED (REGISTERED NUMBER: 01396746)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 16,085 333,934 350,019
Additions - 10,200 10,200
Disposals - (8,500 ) (8,500 )
At 31 January 2024 16,085 335,634 351,719
DEPRECIATION
At 1 February 2023 15,405 258,068 273,473
Charge for year 136 18,235 18,371
Eliminated on disposal - (8,083 ) (8,083 )
At 31 January 2024 15,541 268,220 283,761
NET BOOK VALUE
At 31 January 2024 544 67,414 67,958
At 31 January 2023 680 75,866 76,546

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 49,815
DEPRECIATION
At 1 February 2023 13,805
Charge for year 9,003
At 31 January 2024 22,808
NET BOOK VALUE
At 31 January 2024 27,007
At 31 January 2023 36,010

CHESHIRE VEHICLE WINDOWS LIMITED (REGISTERED NUMBER: 01396746)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 148,539 82,820
Amounts owed by group undertakings 110,785 138,067
Other debtors 110,749 45,291
370,073 266,178

The whole of trade debtors represent balances that are subject to an invoice discounting agreement.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank facilities 48,760 17,000
Hire purchase contracts 6,068 6,067
Trade creditors 207,865 156,243
Taxation and social security 52,345 22,528
Other creditors 20,360 26,503
335,398 228,341

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 39,666
Hire purchase contracts 16,664 22,731
16,664 62,397

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 48,760 -
Bank loans - 56,666
Hire purchase contracts 22,732 28,798
71,492 85,464

The bank invoice discounting facility is secured by a bond and floating charge over the whole of the company's assets and by cross guarantee from its parent.

10. CONTINGENT LIABILITIES

The company has guaranteed the banking facilities of the group as part of the group facility arrangement. The maximum potential liability at 31 January 2024 was 155,663 (2023- £59,374).

CHESHIRE VEHICLE WINDOWS LIMITED (REGISTERED NUMBER: 01396746)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is McGregor Young Limited, a company incorporated in Scotland. The company's registered office is Unit 7c, North Caldeen Road, Coatbridge, Lanarkshire, ML5 4EF.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Cheshire Vehicle Windows Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cheshire Vehicle Windows Limited for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Cheshire Vehicle Windows Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cheshire Vehicle Windows Limited and state those matters that we have agreed to state to the Board of Directors of Cheshire Vehicle Windows Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cheshire Vehicle Windows Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cheshire Vehicle Windows Limited. You consider that Cheshire Vehicle Windows Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cheshire Vehicle Windows Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA


4 October 2024