Registered number
05151737
T.L.C. WINDOWS LIMITED
Filleted Accounts
31 March 2024
T.L.C. WINDOWS LIMITED
Registered number: 05151737
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,359 5,643
Current assets
Stocks 280 330
Cash at bank and in hand 6,926 5,743
7,206 6,073
Creditors: amounts falling due within one year 4 (10,268) (8,066)
Net current liabilities (3,062) (1,993)
Net assets 1,297 3,650
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,296 3,649
Shareholder's funds 1,297 3,650
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T A Myers
Director
Approved by the board on 18 October 2024
T.L.C. WINDOWS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
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).
Tangible fixed assets
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:
Plant and equipment 15% on the reducing balance basis
Motor vehicles 25% on the reducing balance basis
Stocks
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and equipment Motor vehicles Total
£ £ £
Cost
At 1 April 2023 11,690 10,900 22,590
At 31 March 2024 11,690 10,900 22,590
Depreciation
At 1 April 2023 10,428 6,519 16,947
Charge for the year 189 1,095 1,284
At 31 March 2024 10,617 7,614 18,231
Net book value
At 31 March 2024 1,073 3,286 4,359
At 31 March 2023 1,262 4,381 5,643
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors and accruals 775 750
Taxation 8,830 7,211
Director's loan account 663 105
10,268 8,066
5 Other information
T.L.C. WINDOWS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
50 Norton Road
Heysham
Morecambe
Lancashire
LA3 1PF
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