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REGISTERED NUMBER: 02371204 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

The Window Exchange Limited

The Window Exchange Limited (Registered number: 02371204)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

The Window Exchange Limited

Company Information
for the year ended 31 August 2024







DIRECTORS: Mr P S Bowler
Mr M D Bowler
Mrs J E Bowler





SECRETARY: Mrs J E Bowler





REGISTERED OFFICE: Denton Drive Industrial Estate
Off Manchester Road
Northwich
Cheshire
CW9 7LU





REGISTERED NUMBER: 02371204 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
2nd Floor Fairbank House
27 Ashley Road
Altrincham
Cheshire
WA14 2DP

The Window Exchange Limited (Registered number: 02371204)

Balance Sheet
31 August 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 237,349 193,139

CURRENT ASSETS
Stocks 20,827 22,572
Debtors 5 32,569 42,371
Cash at bank and in hand 270,532 339,442
323,928 404,385
CREDITORS
Amounts falling due within one year 6 (138,064 ) (173,925 )
NET CURRENT ASSETS 185,864 230,460
TOTAL ASSETS LESS CURRENT
LIABILITIES

423,213

423,599

CREDITORS
Amounts falling due after more than one year 7 (27,060 ) -

PROVISIONS FOR LIABILITIES (12,912 ) (5,461 )
NET ASSETS 383,241 418,138

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 383,141 418,038
SHAREHOLDERS' FUNDS 383,241 418,138

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:





Mr M D Bowler - Director


The Window Exchange Limited (Registered number: 02371204)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

The Window Exchange 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.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings - None
Plant and Equipment - 20% reducing balance
Fixtures and Fittings - 20% reducing balance
Computers - 20% reducing balance
Motor vehicles - 20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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 Statement of Income and Retained Earnings, 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 12 (2023 - 12 ) .

The Window Exchange Limited (Registered number: 02371204)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£ £ £
COST
At 1 September 2023 169,393 2,629 18,336
Additions - 2,708 -
Disposals - - (18,336 )
At 31 August 2024 169,393 5,337 -
DEPRECIATION
At 1 September 2023 - 1,013 17,797
Charge for year - 721 81
Eliminated on disposal - - -
Charge written back - - (17,878 )
At 31 August 2024 - 1,734 -
NET BOOK VALUE
At 31 August 2024 169,393 3,603 -
At 31 August 2023 169,393 1,616 539

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 September 2023 57,420 14,286 262,064
Additions 60,535 - 63,243
Disposals - (3,616 ) (21,952 )
At 31 August 2024 117,955 10,670 303,355
DEPRECIATION
At 1 September 2023 40,970 9,145 68,925
Charge for year 16,724 1,027 18,553
Eliminated on disposal - (3,594 ) (3,594 )
Charge written back - - (17,878 )
At 31 August 2024 57,694 6,578 66,006
NET BOOK VALUE
At 31 August 2024 60,261 4,092 237,349
At 31 August 2023 16,450 5,141 193,139

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 22,970 27,955
Other debtors 9,599 14,416
32,569 42,371

The Window Exchange Limited (Registered number: 02371204)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts (see note 8) 8,117 2,346
Trade creditors 35,230 38,522
Taxation and social security 10,344 39,288
Other creditors 84,373 93,769
138,064 173,925

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Hire purchase contracts (see note 8) 27,060 -

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£ £
Net obligations repayable:
Within one year 8,117 2,346
Between one and five years 27,060 -
35,177 2,346

Non-cancellable
operating leases
2024 2023
£ £
Within one year - 1,720

Hire purchase contracts are secured over the assets to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
66 Ordinary A £1 66 66
34 Ordinary B £1 34 34
100 100

10. RELATED PARTY TRANSACTIONS

The following amounts were outstanding at the reporting end date:
2024 2023
Amounts due to related parties £    £   

Directors 47,000 55,801



Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
The Window Exchange 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 The Window Exchange Limited for the year ended 31 August 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 The Window Exchange Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Window Exchange Limited and state those matters that we have agreed to state to the Board of Directors of The Window Exchange 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 The Window Exchange Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Window Exchange 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 The Window Exchange Limited. You consider that The Window Exchange 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 The Window Exchange 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.






Bennett Brooks & Co Ltd
Chartered Accountants
2nd Floor Fairbank House
27 Ashley Road
Altrincham
Cheshire
WA14 2DP


14 November 2024