5 31/01/2024 2024-01-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-02-01 Sage Accounts Production 23.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 07506044 2023-02-01 2024-01-31 07506044 2024-01-31 07506044 2023-01-31 07506044 2022-02-01 2023-01-31 07506044 2023-01-31 07506044 2022-01-31 07506044 core:PlantMachinery 2023-02-01 2024-01-31 07506044 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 07506044 bus:Director2 2023-02-01 2024-01-31 07506044 core:PlantMachinery 2023-01-31 07506044 core:MotorVehicles 2023-01-31 07506044 core:PlantMachinery 2024-01-31 07506044 core:FurnitureFittingsToolsEquipment 2024-01-31 07506044 core:MotorVehicles 2024-01-31 07506044 core:WithinOneYear 2024-01-31 07506044 core:WithinOneYear 2023-01-31 07506044 core:ShareCapital 2024-01-31 07506044 core:ShareCapital 2023-01-31 07506044 core:RetainedEarningsAccumulatedLosses 2024-01-31 07506044 core:RetainedEarningsAccumulatedLosses 2023-01-31 07506044 core:MotorVehicles 2023-02-01 2024-01-31 07506044 core:PlantMachinery 2023-01-31 07506044 core:FurnitureFittingsToolsEquipment 2023-01-31 07506044 core:MotorVehicles 2023-01-31 07506044 bus:SmallEntities 2023-02-01 2024-01-31 07506044 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07506044 bus:FullAccounts 2023-02-01 2024-01-31 07506044 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07506044 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31
Company registration number: 07506044
Window Centre Plus Limited
Unaudited filleted financial statements
31 January 2024
Window Centre Plus Limited
Contents
Balance sheet
Notes to the financial statements
Window Centre Plus Limited
Balance sheet
31 January 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 6,782 8,478
_______ _______
6,782 8,478
Current assets
Stocks 9,678 9,821
Debtors 6 18,569 50,745
Cash at bank and in hand 83,082 86,345
_______ _______
111,329 146,911
Creditors: amounts falling due
within one year 7 ( 43,249) ( 73,623)
_______ _______
Net current assets 68,080 73,288
_______ _______
Total assets less current liabilities 74,862 81,766
Provisions for liabilities ( 1,289) ( 1,611)
_______ _______
Net assets 73,573 80,155
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 73,571 80,153
_______ _______
Shareholders funds 73,573 80,155
_______ _______
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 14 October 2024 , and are signed on behalf of the board by:
J A Ferguson W Ferguson
Director Director
Company registration number: 07506044
Window Centre Plus Limited
Notes to the financial statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Window Centre Plus, Greyhound Industrial Estate, Stockton Road, Middlesbrough, TS5 4AD.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 20 % reducing balance
Fittings fixtures and equipment - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 4 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 February 2023 and 31 January 2024 27,391 ( 631) 15,295 42,055
_______ _______ _______ _______
Depreciation
At 1 February 2023 21,490 - 12,087 33,577
Charge for the year 1,054 - 642 1,696
_______ _______ _______ _______
At 31 January 2024 22,544 - 12,729 35,273
_______ _______ _______ _______
Carrying amount
At 31 January 2024 4,847 ( 631) 2,566 6,782
_______ _______ _______ _______
At 31 January 2023 5,901 ( 631) 3,208 8,478
_______ _______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 14,462 48,975
Other debtors 4,107 1,770
_______ _______
18,569 50,745
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 14,803 17,693
Corporation tax 12,487 23,033
Social security and other taxes - 9,543
Other creditors 15,959 23,354
_______ _______
43,249 73,623
_______ _______
8. Directors advances, credits and guarantees
During the year there was no advances, credits and guarantees made to the Directors.