Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 03233936 Mr James St Quintin Mrs Kerry St Quintin Mr Garry Dickerson Corfe Conversions Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03233936 2023-03-31 03233936 2024-03-31 03233936 2023-04-01 2024-03-31 03233936 frs-core:CurrentFinancialInstruments 2024-03-31 03233936 frs-core:Non-currentFinancialInstruments 2024-03-31 03233936 frs-core:FurnitureFittings 2024-03-31 03233936 frs-core:FurnitureFittings 2023-04-01 2024-03-31 03233936 frs-core:FurnitureFittings 2023-03-31 03233936 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 03233936 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 03233936 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03233936 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 03233936 frs-core:MotorVehicles 2024-03-31 03233936 frs-core:MotorVehicles 2023-04-01 2024-03-31 03233936 frs-core:MotorVehicles 2023-03-31 03233936 frs-core:PlantMachinery 2024-03-31 03233936 frs-core:PlantMachinery 2023-04-01 2024-03-31 03233936 frs-core:PlantMachinery 2023-03-31 03233936 frs-core:WithinOneYear 2024-03-31 03233936 frs-core:ShareCapital 2024-03-31 03233936 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03233936 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03233936 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03233936 frs-bus:SmallEntities 2023-04-01 2024-03-31 03233936 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03233936 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03233936 1 2023-04-01 2024-03-31 03233936 frs-bus:Director1 2023-04-01 2024-03-31 03233936 frs-bus:Director2 2023-04-01 2024-03-31 03233936 frs-bus:Director3 2023-04-01 2024-03-31 03233936 frs-countries:EnglandWales 2023-04-01 2024-03-31 03233936 2022-03-31 03233936 2023-03-31 03233936 2022-04-01 2023-03-31 03233936 frs-core:CurrentFinancialInstruments 2023-03-31 03233936 frs-core:Non-currentFinancialInstruments 2023-03-31 03233936 frs-core:WithinOneYear 2023-03-31 03233936 frs-core:ShareCapital 2023-03-31 03233936 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 03233936
Seyward Window Co. Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03233936
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 232,451 252,308
Investment Properties 5 350,000 350,000
582,451 602,308
CURRENT ASSETS
Stocks 6 13,200 22,931
Debtors 7 193,196 138,764
Cash at bank and in hand 191,411 234,121
397,807 395,816
Creditors: Amounts Falling Due Within One Year 8 (190,945 ) (236,434 )
NET CURRENT ASSETS (LIABILITIES) 206,862 159,382
TOTAL ASSETS LESS CURRENT LIABILITIES 789,313 761,690
Creditors: Amounts Falling Due After More Than One Year 9 (228,824 ) (253,054 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,677 ) (17,629 )
NET ASSETS 546,812 491,007
CAPITAL AND RESERVES
Called up share capital 11 120 120
Profit and Loss Account 546,692 490,887
SHAREHOLDERS' FUNDS 546,812 491,007
Page 1
Page 2
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 James St Quintin
Director
30 September 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Seyward Window Co. Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03233936 . The registered office is Seyward House, Abingdon Road, Poole, Dorset, BH17 0UG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

These financial statements are presented in pound sterling which is the functional currency of the company.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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 signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Freehold 2% straight line
Leasehold 10% reducing balance
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
Page 4
2.7. Financial Instruments
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially measured at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.9. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 14)
12 14
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost or Valuation
As at 1 April 2023 203,849 38,160 108,239 25,372 375,620
Additions - 1,149 - 999 2,148
As at 31 March 2024 203,849 39,309 108,239 26,371 377,768
Depreciation
As at 1 April 2023 22,056 35,519 49,353 16,384 123,312
Provided during the period 4,050 947 14,721 2,287 22,005
As at 31 March 2024 26,106 36,466 64,074 18,671 145,317
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 March 2024 177,743 2,843 44,165 7,700 232,451
As at 1 April 2023 181,793 2,641 58,886 8,988 252,308
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 350,000
The directors consider the market value of the investment property at the year end to be £350,000 (2023:£350,000).
6. Stocks
2024 2023
£ £
Finished goods 13,200 22,931
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 163,035 120,441
Prepayments and accrued income 30,161 18,323
193,196 138,764
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 58,229 85,564
Bank loans and overdrafts 22,195 20,160
Other taxes and social security 68,600 58,174
Other creditors 2,722 2,492
Accruals and deferred income 2,050 1,950
Amounts owed to group undertakings 37,149 68,094
190,945 236,434
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 228,824 253,054
10. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured against the freehold property.
2024 2023
£ £
Bank loans and overdrafts 251,019 273,214
Page 5
Page 6
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 120 120
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are the following:
2024 2023
£ £
Not later than one year 12,650 8,738
12,650 8,738
13. Pension Commitments
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £617 (2023 - £387) were due to the fund. The amounts are included in other creditors.
14. Ultimate Controlling Party
The ultimate parent company is Corfe Conversions Limited by virtue of it's ownership of 100% of the issued share capital in the company. It's registered office is 137 Wareham Road, Corfe Mullen, Wimborne, BH21 3LA.
Page 6