IRIS Accounts Production v24.2.0.383 02456733 Board of Directors Board of Directors 1.2.23 31.1.24 31.1.24 true false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh024567332023-01-31024567332024-01-31024567332023-02-012024-01-31024567332022-01-31024567332022-02-012023-01-31024567332023-01-3102456733ns15:EnglandWales2023-02-012024-01-3102456733ns14:PoundSterling2023-02-012024-01-3102456733ns10:Director12023-02-012024-01-3102456733ns10:Director22023-02-012024-01-3102456733ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3102456733ns10:SmallEntities2023-02-012024-01-3102456733ns10:AuditExemptWithAccountantsReport2023-02-012024-01-3102456733ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3102456733ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3102456733ns10:FullAccounts2023-02-012024-01-310245673312023-02-012024-01-3102456733ns10:CompanySecretary12023-02-012024-01-3102456733ns10:RegisteredOffice2023-02-012024-01-3102456733ns5:CurrentFinancialInstruments2024-01-3102456733ns5:CurrentFinancialInstruments2023-01-3102456733ns5:Non-currentFinancialInstruments2024-01-3102456733ns5:Non-currentFinancialInstruments2023-01-3102456733ns5:ShareCapital2024-01-3102456733ns5:ShareCapital2023-01-3102456733ns5:RetainedEarningsAccumulatedLosses2024-01-3102456733ns5:RetainedEarningsAccumulatedLosses2023-01-3102456733ns5:NetGoodwill2023-02-012024-01-3102456733ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3102456733ns5:PlantMachinery2023-02-012024-01-3102456733ns5:MotorVehicles2023-02-012024-01-3102456733ns5:ComputerEquipment2023-02-012024-01-3102456733ns5:NetGoodwill2023-01-3102456733ns5:NetGoodwill2024-01-3102456733ns5:NetGoodwill2023-01-3102456733ns5:PlantMachinery2023-01-3102456733ns5:MotorVehicles2023-01-3102456733ns5:ComputerEquipment2023-01-3102456733ns5:PlantMachinery2024-01-3102456733ns5:MotorVehicles2024-01-3102456733ns5:ComputerEquipment2024-01-3102456733ns5:PlantMachinery2023-01-3102456733ns5:MotorVehicles2023-01-3102456733ns5:ComputerEquipment2023-01-3102456733ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-3102456733ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-02-012024-01-3102456733ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-01-3102456733ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-3102456733ns5:CostValuation2023-01-3102456733ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3102456733ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-3102456733ns5:OtherTransactionType12024-01-3102456733ns5:OtherTransactionType12023-01-3102456733ns5:OtherTransactionType12023-02-012024-01-3102456733ns5:OtherTransactionType12022-02-012023-01-31
REGISTERED NUMBER: 02456733 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Sutton Home Improvements Limited
T/A
Trade Line Windows

Sutton Home Improvements Limited (Registered number: 02456733)
T/A Trade Line Windows






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 8


Sutton Home Improvements Limited
T/A Trade Line Windows

Company Information
for the Year Ended 31 January 2024







DIRECTORS: P J Taylor
B Ott





SECRETARY: P J Taylor





REGISTERED OFFICE: Unit 7
Fitzroy Business Park
Sandy Lane
Sidcup
Kent
DA14 5NL





REGISTERED NUMBER: 02456733 (England and Wales)





ACCOUNTANTS: Charcroft Baker LLP
Chartered Accountants
5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Sutton Home Improvements Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sutton Home Improvements Limited for the year ended 31 January 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Sutton Home Improvements Limited, as a body, in accordance with the terms of our engagement letter dated 11 September 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Sutton Home Improvements Limited and state those matters that we have agreed to state to the Board of Directors of Sutton Home Improvements Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sutton Home Improvements Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sutton Home Improvements Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sutton Home Improvements Limited. You consider that Sutton Home Improvements Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sutton Home Improvements Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charcroft Baker LLP
Chartered Accountants
5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD


28 October 2024

Sutton Home Improvements Limited (Registered number: 02456733)
T/A Trade Line Windows

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,948 11,897
Investments 6 90,450 90,450
96,398 102,347

CURRENT ASSETS
Stocks 64,623 76,437
Debtors 7 515,622 524,944
Cash at bank and in hand 63,444 59,507
643,689 660,888
CREDITORS
Amounts falling due within one year 8 248,705 300,269
NET CURRENT ASSETS 394,984 360,619
TOTAL ASSETS LESS CURRENT
LIABILITIES

491,382

462,966

CREDITORS
Amounts falling due after more than one
year

9

(4,479

)

(7,838

)

PROVISIONS FOR LIABILITIES (195 ) (1,265 )
NET ASSETS 486,708 453,863

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 486,608 453,763
SHAREHOLDERS' FUNDS 486,708 453,863

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Sutton Home Improvements Limited (Registered number: 02456733)
T/A Trade Line Windows

Balance Sheet - continued
31 January 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 28 October 2024 and were signed on its behalf by:




P J Taylor - Director



B Ott - Director


Sutton Home Improvements Limited (Registered number: 02456733)
T/A Trade Line Windows

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Sutton Home Improvements Limited 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.

Turnover includes revenue earned from the sale of goods and from the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer. This is usually at the point the customer has signed for the delivery of the goods.

Turnover from the rendering of services is recognised when the service is performed.

Goodwill
Goodwill represents the amount paid for the acquisition of Sutton Windows Limited in November 2011. It is being amortised evenly over its estimated useful life of 5 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


Sutton Home Improvements Limited (Registered number: 02456733)
T/A Trade Line Windows

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
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.

Investments
Investments in subsidiary undertakings are stated at cost less any permanent diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 84,112
AMORTISATION
At 1 February 2023
and 31 January 2024 84,112
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

Sutton Home Improvements Limited (Registered number: 02456733)
T/A Trade Line Windows

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 32,241 199,200 6,500 237,941
Disposals - (40,700 ) - (40,700 )
At 31 January 2024 32,241 158,500 6,500 197,241
DEPRECIATION
At 1 February 2023 32,241 187,303 6,500 226,044
Charge for year - 5,949 - 5,949
Eliminated on disposal - (40,700 ) - (40,700 )
At 31 January 2024 32,241 152,552 6,500 191,293
NET BOOK VALUE
At 31 January 2024 - 5,948 - 5,948
At 31 January 2023 - 11,897 - 11,897

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2023
and 31 January 2024 23,795
DEPRECIATION
At 1 February 2023 11,898
Charge for year 5,949
At 31 January 2024 17,847
NET BOOK VALUE
At 31 January 2024 5,948
At 31 January 2023 11,897

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 90,450
NET BOOK VALUE
At 31 January 2024 90,450
At 31 January 2023 90,450

Sutton Home Improvements Limited (Registered number: 02456733)
T/A Trade Line Windows

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 73,093 77,098
Amounts owed by group undertakings 339,679 306,906
Other debtors 102,850 140,940
515,622 524,944

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 35,170 38,933
Trade creditors 78,104 73,814
Taxation and social security 33,629 68,117
Other creditors 101,802 119,405
248,705 300,269

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 4,479 7,838

10. RELATED PARTY DISCLOSURES

The company rents premises owned by the Sutton Windows Retirement and Death Benefit Scheme, a
pension scheme set up for the directors. In the period under review, the rent charged was £24,000.
(2023 : £24,000). Included within other creditors is an amount of £Nil (2023 : £Nil) owed to the scheme.
This amount is unsecured, interest free and repayable on demand.

Included in debtors is an amount of £339,679 (2023 : £306,907) due from Thermaframe Group Limited , a 100% subsidiary. During the year the company charged Thermaframe Group a
management charge of £233,469. (2023 : £344,186).

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.