Company Registration No. 06879443 (England and Wales)
NATURAL WINDOWS LIMITED
Unaudited accounts
for the year ended 31 March 2024
NATURAL WINDOWS LIMITED
Unaudited accounts
Contents
NATURAL WINDOWS LIMITED
Company Information
for the year ended 31 March 2024
Directors
Mr Z Skaburskis
Mrs J Skaburskiene
Mr Z Hitas
Company Number
06879443 (England and Wales)
Registered Office
48 Beechcroft Road
Bushey
Herts
WD23 2JU
Accountants
Fielding Accountancy Services Ltd
48 Beechcroft Road
Bushey
Herts
WD23 2JU
NATURAL WINDOWS LIMITED
Accountants' report
Accountants' report to the board of directors of NATURAL WINDOWS LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
NATURAL WINDOWS LIMITED for the year ended
31 March 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of NATURAL WINDOWS LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of NATURAL WINDOWS LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NATURAL WINDOWS LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that NATURAL WINDOWS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of NATURAL WINDOWS LIMITED. You consider that NATURAL WINDOWS 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 accounts of NATURAL WINDOWS 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 accounts.
Fielding Accountancy Services Ltd
48 Beechcroft Road
Bushey
Herts
WD23 2JU
11 October 2024
NATURAL WINDOWS LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
92,672
96,736
Cash at bank and in hand
508,270
216,159
Creditors: amounts falling due within one year
(427,171)
(295,033)
Net current assets
188,715
41,598
Total assets less current liabilities
281,387
138,334
Provisions for liabilities
Deferred tax
(18,447)
(19,464)
Net assets
262,940
118,870
Called up share capital
100
100
Profit and loss account
262,840
118,770
Shareholders' funds
262,940
118,870
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by
Mr Z Skaburskis
Director
Company Registration No. 06879443
NATURAL WINDOWS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
NATURAL WINDOWS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06879443. The registered office is 48 Beechcroft Road, Bushey, Herts, WD23 2JU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction.
NATURAL WINDOWS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
18,880
15,342
120,574
11,846
166,642
Additions
-
1,333
13,050
-
14,383
At 31 March 2024
18,880
16,675
133,624
11,846
181,025
At 1 April 2023
-
12,263
47,864
9,779
69,906
Charge for the year
-
882
17,152
413
18,447
At 31 March 2024
-
13,145
65,016
10,192
88,353
At 31 March 2024
18,880
3,530
68,608
1,654
92,672
At 31 March 2023
18,880
3,079
72,710
2,067
96,736
Amounts falling due within one year
Trade debtors
13,901
30,897
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,767
1,573
Taxes and social security
209,363
141,015
Other creditors
76,400
65,273
Loans from directors
128,082
86,900
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
NATURAL WINDOWS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
8
Transactions with related parties
RELATED PARTY NOTE
Throughout the current and previous year, Mr Skaburskis and Mrs Skaburskiene owned a 40% shareholding each and Mr Z Hitas a 20% shareholding..
Mr Z Hitas and his wife own Hitt Oak Ltd and at the year end the company owed Hitt Oak Ltd the sum of £4796 ( 2022 - £4796) in respect of an interest free loan.
Mr Z Skaburskis is the sole Director and 100% shareholder in Kofex UAB - a Lithuanian registered company, trading in Lithunania.
During the year Natural Windows Ltd paid a total of £461009 (2023 £464693) to Kofex UAB for pre-manufactured windows, and this sum is included in the purchases amount in the Profit & Loss Account.
Dividends paid during the year £240000 (2023 £200000) to the shareholders/directors.
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).