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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
Page
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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
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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
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NATURAL WINDOWS LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
92,672 
96,736 
Current assets
Inventories
93,715 
89,221 
Debtors
13,901 
31,251 
Cash at bank and in hand
508,270 
216,159 
615,886 
336,631 
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 
Capital and reserves
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
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NATURAL WINDOWS LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
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.
Foreign exchange
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.
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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 
Depreciation
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 
Net book value
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 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,901 
30,897 
Amounts falling due after more than one year
Other debtors
- 
354 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,767 
1,573 
Trade creditors
2,559 
272 
Taxes and social security
209,363 
141,015 
Other creditors
76,400 
65,273 
Loans from directors
128,082 
86,900 
427,171 
295,033 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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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).
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