Registered number
12095634
Misty Window Fixer Limited
Filleted Accounts
31 July 2024
Misty Window Fixer Limited
Registered number: 12095634
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 17,408 17,066
Current assets
Cash at bank and in hand 41,072 37,221
Creditors: amounts falling due within one year 4 (48,135) (43,837)
Net current liabilities (7,063) (6,616)
Total assets less current liabilities 10,345 10,450
Creditors: amounts falling due after more than one year 5 (1,319) (2,419)
Net assets 9,026 8,031
Capital and reserves
Called up share capital 2 2
Profit and loss account 9,024 8,029
Shareholders' funds 9,026 8,031
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr K B Williams
Director
Approved by the board on 10 October 2024
Misty Window Fixer Limited
Notes to the Accounts
for the year ended 31 July 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added 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 transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles over 4 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 1,730 22,750 24,480
Additions - 8,500 8,500
At 31 July 2024 1,730 31,250 32,980
Depreciation
At 1 August 2023 1,384 6,030 7,414
Charge for the year 346 7,812 8,158
At 31 July 2024 1,730 13,842 15,572
Net book value
At 31 July 2024 - 17,408 17,408
At 31 July 2023 346 16,720 17,066
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 1,100 1,100
Trade creditors 8,685 7,119
Taxation and social security costs 13,660 10,974
Other creditors 24,690 24,644
48,135 43,837
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,319 2,419
6 Other information
Misty Window Fixer Limited is a private company limited by shares and incorporated in England. Its registered office is:
20 Morley Croft
Farington Moss
Leyland
Lancashire
PR26 6QS
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