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REGISTERED NUMBER: 06962581 (England and Wales)















MOTORWAY WINDSCREENS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024






MOTORWAY WINDSCREENS LIMITED (REGISTERED NUMBER: 06962581)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


MOTORWAY WINDSCREENS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTOR: Mr K J Beedham





REGISTERED OFFICE: 32 Crosby Road
Scunthorpe
North Lincolnshire
DN15 6SF





REGISTERED NUMBER: 06962581 (England and Wales)

MOTORWAY WINDSCREENS LIMITED (REGISTERED NUMBER: 06962581)

BALANCE SHEET
31ST JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 16,378 25,270
Tangible assets 5 336,450 233,939
352,828 259,209

CURRENT ASSETS
Stocks 13,245 19,831
Debtors 6 288,146 202,160
Cash at bank 36,519 30,577
337,910 252,568
CREDITORS
Amounts falling due within one year 7 224,934 181,541
NET CURRENT ASSETS 112,976 71,027
TOTAL ASSETS LESS CURRENT
LIABILITIES

465,804

330,236

CREDITORS
Amounts falling due after more than one year 8 (15,011 ) (44,727 )

PROVISIONS FOR LIABILITIES (84,113 ) (58,485 )
NET ASSETS 366,680 227,024

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Retained earnings 365,580 225,924
SHAREHOLDERS' FUNDS 366,680 227,024

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MOTORWAY WINDSCREENS LIMITED (REGISTERED NUMBER: 06962581)

BALANCE SHEET - continued
31ST JULY 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 director and authorised for issue on 23rd October 2024 and were signed by:





Mr K J Beedham - Director


MOTORWAY WINDSCREENS LIMITED (REGISTERED NUMBER: 06962581)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

Motorway Windscreens 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% 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.

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.

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 19 (2023 - 15 ) .

MOTORWAY WINDSCREENS LIMITED (REGISTERED NUMBER: 06962581)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st August 2023
and 31st July 2024 92,000
AMORTISATION
At 1st August 2023 66,730
Charge for year 8,892
At 31st July 2024 75,622
NET BOOK VALUE
At 31st July 2024 16,378
At 31st July 2023 25,270

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st August 2023 98,843 321,260 - 420,103
Additions 43,586 170,251 958 214,795
Disposals - (85,401 ) - (85,401 )
At 31st July 2024 142,429 406,110 958 549,497
DEPRECIATION
At 1st August 2023 63,287 122,877 - 186,164
Charge for year 12,612 61,613 112 74,337
Eliminated on disposal - (47,454 ) - (47,454 )
At 31st July 2024 75,899 137,036 112 213,047
NET BOOK VALUE
At 31st July 2024 66,530 269,074 846 336,450
At 31st July 2023 35,556 198,383 - 233,939

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 274,016 194,288
Other debtors 14,130 7,872
288,146 202,160

MOTORWAY WINDSCREENS LIMITED (REGISTERED NUMBER: 06962581)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 12,524 14,914
Hire purchase contracts - 8,975
Trade creditors 111,237 101,931
Taxation and social security 97,893 49,468
Other creditors 3,280 6,253
224,934 181,541

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 15,011 27,524
Hire purchase contracts - 17,203
15,011 44,727