T.L.C. WINDOWS LIMITED |
Notes to the Accounts |
for the year ended 31 March 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Plant and equipment |
15% on the reducing balance basis |
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Motor vehicles |
25% on the reducing balance basis |
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Stocks |
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Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
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2 |
Employees |
2024 |
|
2023 |
Number |
Number |
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Average number of persons employed by the company |
1 |
|
1 |
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3 |
Tangible fixed assets |
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Plant and equipment |
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Motor vehicles |
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Total |
£ |
£ |
£ |
|
Cost |
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At 1 April 2023 |
11,690 |
|
10,900 |
|
22,590 |
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At 31 March 2024 |
11,690 |
|
10,900 |
|
22,590 |
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|
|
|
|
|
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|
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Depreciation |
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At 1 April 2023 |
10,428 |
|
6,519 |
|
16,947 |
|
Charge for the year |
189 |
|
1,095 |
|
1,284 |
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At 31 March 2024 |
10,617 |
|
7,614 |
|
18,231 |
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Net book value |
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At 31 March 2024 |
1,073 |
|
3,286 |
|
4,359 |
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At 31 March 2023 |
1,262 |
|
4,381 |
|
5,643 |
|
|
4 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
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Trade creditors and accruals |
775 |
|
750 |
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Taxation |
8,830 |
|
7,211 |
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Director's loan account |
663 |
|
105 |
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|
|
|
|
10,268 |
|
8,066 |
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5 |
Other information |
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T.L.C. WINDOWS LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
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50 Norton Road |
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Heysham |
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Morecambe |
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Lancashire |
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LA3 1PF |