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REGISTERED NUMBER: 04436905 (England and Wales)















Ssaf Window Films Limited

Unaudited Financial Statements for the Year Ended 31 May 2024






Ssaf Window Films Limited (Registered number: 04436905)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Ssaf Window Films Limited

Company Information
for the Year Ended 31 May 2024







Directors: S R Ashton
R Ashton
Mrs D S Ashton





Secretary: Mrs D S Ashton





Registered office: Workshop 21 Hemsby Road
Martham
Gt Yarmouth
Norfolk
NR29 4QG





Registered number: 04436905 (England and Wales)





Accountants: Fairhead Bradford
5 Queen Street
Great Yarmouth
Norfolk
NR30 2QP

Ssaf Window Films Limited (Registered number: 04436905)

Statement of Financial Position
31 May 2024

31/5/24 31/5/23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 172,501 193,189

Current assets
Stocks 34,225 33,346
Debtors 5 75,607 88,542
Cash at bank and in hand 105,567 37,055
215,399 158,943
Creditors
Amounts falling due within one year 6 119,641 116,354
Net current assets 95,758 42,589
Total assets less current liabilities 268,259 235,778

Provisions for liabilities 22,032 25,366
Net assets 246,227 210,412

Capital and reserves
Called up share capital 102 102
Retained earnings 246,125 210,310
246,227 210,412

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

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

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:




S R Ashton - Director


Ssaf Window Films Limited (Registered number: 04436905)

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

1. Statutory information

Ssaf Window Films 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be readily measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised.

Sale of goods
Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
- the Company has transferred the significant risks and rewards of ownership to the buyer;
- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over goods sold;
- the amount of turnover can be measured reliably
- it is probable that the Company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
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.


Ssaf Window Films Limited (Registered number: 04436905)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 11 (2023 - 15 ) .

4. Tangible fixed assets
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
Cost
At 1 June 2023 146,524 399,043 42,601
Additions - 3,047 -
Disposals - - -
At 31 May 2024 146,524 402,090 42,601
Depreciation
At 1 June 2023 86,841 302,207 42,601
Charge for year 3,141 24,971 -
Eliminated on disposal - - -
At 31 May 2024 89,982 327,178 42,601
Net book value
At 31 May 2024 56,542 74,912 -
At 31 May 2023 59,683 96,836 -

Ssaf Window Films Limited (Registered number: 04436905)

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

4. Tangible fixed assets - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 June 2023 72,829 51,731 712,728
Additions 22,185 - 25,232
Disposals (16,025 ) - (16,025 )
At 31 May 2024 78,989 51,731 721,935
Depreciation
At 1 June 2023 39,193 48,697 519,539
Charge for year 13,004 1,001 42,117
Eliminated on disposal (12,222 ) - (12,222 )
At 31 May 2024 39,975 49,698 549,434
Net book value
At 31 May 2024 39,014 2,033 172,501
At 31 May 2023 33,636 3,034 193,189

5. Debtors: amounts falling due within one year
31/5/24 31/5/23
£    £   
Trade debtors 55,065 76,054
Other debtors 20,542 12,488
75,607 88,542

6. Creditors: amounts falling due within one year
31/5/24 31/5/23
£    £   
Trade creditors 49,564 41,407
Taxation and social security 59,500 24,417
Other creditors 10,577 50,530
119,641 116,354