Company Registration No. 12311719 (England and Wales)
VL Windows Limited
Unaudited accounts
for the year ended 30 November 2023
VL Windows Limited
Unaudited accounts
Contents
VL Windows Limited
Company Information
for the year ended 30 November 2023
Directors
Michael Wilton
Matthew George Leighton
Company Number
12311719 (England and Wales)
Registered Office
29 BLACKWOOD CLOSE
WEST BYFLEET
KT14 6PP
ENGLAND
Accountants
Golding & Co Accounting Services Limited
29 Blackwood Close
West Byfleet
Surrey
KT14 6PP
VL Windows Limited
Statement of financial position
as at 30 November 2023
Tangible assets
20,539
33,911
Cash at bank and in hand
20,428
1,041
Creditors: amounts falling due within one year
(110,027)
(68,860)
Net current assets
16,145
31,502
Total assets less current liabilities
36,684
65,413
Creditors: amounts falling due after more than one year
(28,829)
(43,900)
Provisions for liabilities
Deferred tax
(3,902)
(6,442)
Called up share capital
100
100
Profit and loss account
3,853
14,971
Shareholders' funds
3,953
15,071
For the year ending 30 November 2023 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 30 November 2024 and were signed on its behalf by
Michael Wilton
Director
Company Registration No. 12311719
VL Windows Limited
Notes to the Accounts
for the year ended 30 November 2023
VL Windows Limited is a private company, limited by shares, registered in England and Wales, registration number 12311719. The registered office is 29 BLACKWOOD CLOSE, WEST BYFLEET, KT14 6PP, ENGLAND.
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.
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
33.33% Straight Line
Motor vehicles
25.0% Straight Line
Computer equipment
33.33% Straight Line
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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
VL Windows Limited
Notes to the Accounts
for the year ended 30 November 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
1,126
39,040
1,083
41,249
At 30 November 2023
1,126
39,040
1,083
41,249
At 1 December 2022
937
5,501
900
7,338
Charge for the year
189
13,000
183
13,372
At 30 November 2023
1,126
18,501
1,083
20,710
At 30 November 2023
-
20,539
-
20,539
At 30 November 2022
189
33,539
183
33,911
Amounts falling due within one year
Trade debtors
67,976
56,374
Other debtors
37,768
35,811
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
7,500
7,500
Obligations under finance leases and hire purchase contracts
7,570
7,570
Trade creditors
48,497
40,270
Taxes and social security
31,737
12,160
Loans from directors
1,648
1,360
VL Windows Limited
Notes to the Accounts
for the year ended 30 November 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
17,579
25,149
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 3 (2022: 2).