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REGISTERED NUMBER: 06821791 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Mayes Windows (Christchurch) Limited

Mayes Windows (Christchurch) Limited (Registered number: 06821791)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mayes Windows (Christchurch) Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mrs R A Katsarou





SECRETARY:





REGISTERED OFFICE: Unit 5 Sea Vixen Industrial Estate
Wiverley Road
CHRISTCHURCH
Dorset
BH23 3RU





REGISTERED NUMBER: 06821791 (England and Wales)





ACCOUNTANTS: Gervis
6 Wick Lane
Christchurch
Dorset
BH23 1HX

Mayes Windows (Christchurch) Limited (Registered number: 06821791)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,000 25,000
Tangible assets 5 9,155 11,443
34,155 36,443

CURRENT ASSETS
Stocks 6 11,986 13,250
Debtors 7 29,627 19,310
Cash at bank and in hand 17,476 20,795
59,089 53,355
CREDITORS
Amounts falling due within one year 8 40,643 39,747
NET CURRENT ASSETS 18,446 13,608
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,601

50,051

CREDITORS
Amounts falling due after more than one year 9 (25,839 ) (36,577 )

PROVISIONS FOR LIABILITIES 11 (24,471 ) (1,097 )
NET ASSETS 2,291 12,377

CAPITAL AND RESERVES
Called up share capital 12 1 1
Retained earnings 13 2,290 12,376
SHAREHOLDERS' FUNDS 2,291 12,377

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Mayes Windows (Christchurch) Limited (Registered number: 06821791)

Balance Sheet - continued
29 February 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 14 November 2024 and were signed by:





Mrs R A Katsarou - Director


Mayes Windows (Christchurch) Limited (Registered number: 06821791)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Mayes Windows (Christchurch) 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 etc - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Mayes Windows (Christchurch) Limited (Registered number: 06821791)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
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.

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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 25,000
NET BOOK VALUE
At 29 February 2024 25,000
At 28 February 2023 25,000

Mayes Windows (Christchurch) Limited (Registered number: 06821791)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 44,025
DEPRECIATION
At 1 March 2023 32,582
Charge for year 2,288
At 29 February 2024 34,870
NET BOOK VALUE
At 29 February 2024 9,155
At 28 February 2023 11,443

6. STOCKS
29.2.24 28.2.23
£    £   
Work-in-progress 11,986 13,250

7. DEBTORS
29.2.24 28.2.23
£    £   
Amounts falling due within one year:
Trade debtors 18,255 12,938
Prepayments and accrued income 4,668 4,668
Rent deposit 1,704 1,704
24,627 19,310

Amounts falling due after more than one year:
Other debtors 5,000 -

Aggregate amounts 29,627 19,310

Mayes Windows (Christchurch) Limited (Registered number: 06821791)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts (see note 10) 320 386
Trade creditors 23,090 27,760
Tax 11,563 7,832
VAT 5,508 3,687
Directors' current accounts 162 82
40,643 39,747

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans (see note 10) 25,839 36,577

10. LOANS

An analysis of the maturity of loans is given below:

29.2.24 28.2.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 320 386

Amounts falling due between one and two years:
Bank loans - 1-2 years 25,839 36,577

11. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 500 1,097
Other provisions 23,971 -
24,471 1,097

Deferred
tax
£   
Balance at 1 March 2023 1,097
Provided during year (597 )
Balance at 29 February 2024 500

Mayes Windows (Christchurch) Limited (Registered number: 06821791)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
1 Ordinary 1 1 1

13. RESERVES
Retained
earnings
£   

At 1 March 2023 12,376
Profit for the year 21,314
Dividends (31,400 )
At 29 February 2024 2,290