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REGISTERED NUMBER: 12695743 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Green Frame Windows Ltd

Green Frame Windows Ltd (Registered number: 12695743)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Green Frame Windows Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: R M Green
Miss J R R Alderson





REGISTERED OFFICE: c/o ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB





REGISTERED NUMBER: 12695743 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

Green Frame Windows Ltd (Registered number: 12695743)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,949 19,627

CURRENT ASSETS
Stocks 11,750 10,500
Debtors 5 11,167 678
Cash at bank 40,235 12,756
63,152 23,934
CREDITORS
Amounts falling due within one year 6 38,729 21,179
NET CURRENT ASSETS 24,423 2,755
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,372

22,382

CREDITORS
Amounts falling due after more than one
year

7

(3,134

)

(6,268

)

PROVISIONS FOR LIABILITIES (3,030 ) (3,729 )
NET ASSETS 34,208 12,385

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 34,058 12,235
34,208 12,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Green Frame Windows Ltd (Registered number: 12695743)

Balance Sheet - continued
30 June 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 15 October 2024 and were signed on its behalf by:




Miss J R R Alderson - Director



R M Green - Director


Green Frame Windows Ltd (Registered number: 12695743)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Green Frame Windows Ltd 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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 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 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.

Green Frame Windows Ltd (Registered number: 12695743)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 20,000 17,411 532 37,943
DEPRECIATION
At 1 July 2023 7,718 10,066 532 18,316
Charge for year 1,842 1,836 - 3,678
At 30 June 2024 9,560 11,902 532 21,994
NET BOOK VALUE
At 30 June 2024 10,440 5,509 - 15,949
At 30 June 2023 12,282 7,345 - 19,627

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2023
and 30 June 2024 17,411
DEPRECIATION
At 1 July 2023 10,066
Charge for year 1,836
At 30 June 2024 11,902
NET BOOK VALUE
At 30 June 2024 5,509
At 30 June 2023 7,345

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 11,167 678

Green Frame Windows Ltd (Registered number: 12695743)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 3,134 3,134
Trade creditors 5,500 4,324
Tax 19,704 6,321
Social security and other taxes 964 982
VAT 8,783 5,793
Directors' current accounts 44 26
Accrued expenses 600 599
38,729 21,179

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 3,134 6,268

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £44,000 (2023 - £38,460) were paid to the directors .

9. ULTIMATE CONTROLLING PARTY

The controlling party is R M Green.