Registered number
06703538
Wenwood Doors Windows and Conservatories Limited
Filleted Accounts
31 March 2024
Wenwood Doors Windows and Conservatories Limited
Registered number: 06703538
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 18,551 24,154
Current assets
Stocks 3,200 3,200
Debtors 4 23,664 23,763
Cash at bank and in hand 15,119 6,763
41,983 33,726
Creditors: amounts falling due within one year 5 (38,688) (24,340)
Net current assets/(liabilities) 3,295 9,386
Total assets less current liabilities 21,846 33,540
Creditors: amounts falling due after more than one year 6 - (1,576)
Net assets 21,846 31,964
Capital and reserves
Called up share capital 100 100
Profit and loss account 21,746 31,864
Shareholder's funds 21,846 31,964
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 member has 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.
Luke Bigwood
Director
Approved by the board on 30 July 2024
Wenwood Doors Windows and Conservatories 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).
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 1,148 29,045 30,193
Additions 257 - 257
At 31 March 2024 1,405 29,045 30,450
Depreciation
At 1 April 2023 230 5,809 6,039
Charge for the year 51 5,809 5,860
At 31 March 2024 281 11,618 11,899
Net book value
At 31 March 2024 1,124 17,427 18,551
At 31 March 2023 918 23,236 24,154
4 Debtors 2024 2023
£ £
Trade debtors 23,664 23,763
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 1,755 2,196
Trade creditors 17,288 8,549
Corporation tax 9,183 6,926
Other taxes and social security costs 9,686 6,109
Other creditors 776 560
38,688 24,340
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 1,576
7 Events after the reporting date
There were no post balance sheet events that would have had a material effect upon the company's state of affairs.
8 Controlling party
During the period under review the company was under the control of the sole director and majority shareholder Mr L Bigwood.
9 Other information
Wenwood Doors Windows and Conservatories Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Gables
Newbridge Road
Cadnam
Southampton
SO40 2NX
Wenwood Doors Windows and Conservatories Limited 06703538 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 Luke Bigwood No description of principal activity 06703538 2022-04-01 2023-03-31 06703538 core:WithinOneYear 2023-03-31 06703538 core:AfterOneYear 2023-03-31 06703538 core:ShareCapital 2023-03-31 06703538 core:RetainedEarningsAccumulatedLosses 2023-03-31 06703538 2023-04-01 2024-03-31 06703538 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06703538 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06703538 bus:Director40 2023-04-01 2024-03-31 06703538 1 2023-04-01 2024-03-31 06703538 2 2023-04-01 2024-03-31 06703538 core:PlantMachinery 2023-04-01 2024-03-31 06703538 core:Vehicles 2023-04-01 2024-03-31 06703538 1 2023-04-01 2024-03-31 06703538 countries:England 2023-04-01 2024-03-31 06703538 bus:FRS102 2023-04-01 2024-03-31 06703538 bus:FilletedAccounts 2023-04-01 2024-03-31 06703538 2024-03-31 06703538 core:WithinOneYear 2024-03-31 06703538 core:AfterOneYear 2024-03-31 06703538 core:ShareCapital 2024-03-31 06703538 core:RetainedEarningsAccumulatedLosses 2024-03-31 06703538 core:PlantMachinery 2024-03-31 06703538 core:Vehicles 2024-03-31 06703538 2023-03-31 06703538 core:PlantMachinery 2023-03-31 06703538 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure