Stylist Windows of Crewe Limited 07155316 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is window manufacture. Digita Accounts Production Advanced 6.30.9574.0 true 07155316 2023-04-01 2024-03-31 07155316 2024-03-31 07155316 core:RetainedEarningsAccumulatedLosses 2024-03-31 07155316 core:ShareCapital 2024-03-31 07155316 core:CurrentFinancialInstruments 2024-03-31 07155316 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07155316 core:Goodwill 2024-03-31 07155316 core:FurnitureFittingsToolsEquipment 2024-03-31 07155316 core:MotorVehicles 2024-03-31 07155316 core:OtherPropertyPlantEquipment 2024-03-31 07155316 bus:SmallEntities 2023-04-01 2024-03-31 07155316 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07155316 bus:FullAccounts 2023-04-01 2024-03-31 07155316 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07155316 bus:RegisteredOffice 2023-04-01 2024-03-31 07155316 bus:Director1 2023-04-01 2024-03-31 07155316 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07155316 core:Goodwill 2023-04-01 2024-03-31 07155316 core:ComputerEquipment 2023-04-01 2024-03-31 07155316 core:FurnitureFittings 2023-04-01 2024-03-31 07155316 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 07155316 core:MotorVehicles 2023-04-01 2024-03-31 07155316 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 07155316 core:PlantMachinery 2023-04-01 2024-03-31 07155316 countries:EnglandWales 2023-04-01 2024-03-31 07155316 2023-03-31 07155316 core:Goodwill 2023-03-31 07155316 core:FurnitureFittingsToolsEquipment 2023-03-31 07155316 core:MotorVehicles 2023-03-31 07155316 core:OtherPropertyPlantEquipment 2023-03-31 07155316 2022-04-01 2023-03-31 07155316 2023-03-31 07155316 core:RetainedEarningsAccumulatedLosses 2023-03-31 07155316 core:ShareCapital 2023-03-31 07155316 core:CurrentFinancialInstruments 2023-03-31 07155316 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 07155316 core:Goodwill 2023-03-31 07155316 core:FurnitureFittingsToolsEquipment 2023-03-31 07155316 core:MotorVehicles 2023-03-31 07155316 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 07155316

Stylist Windows of Crewe Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Stylist Windows of Crewe Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Stylist Windows of Crewe Limited

(Registration number: 07155316)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

42,771

29,750

Current assets

 

Stocks

6

14,250

14,250

Debtors

7

50,784

38,304

Cash at bank and in hand

 

241,627

295,617

 

306,661

348,171

Creditors: Amounts falling due within one year

8

(113,224)

(110,701)

Net current assets

 

193,437

237,470

Total assets less current liabilities

 

236,208

267,220

Provisions for liabilities

(8,126)

(5,652)

Net assets

 

228,082

261,568

Capital and reserves

 

Called up share capital

100

100

Retained earnings

227,982

261,468

Shareholders' funds

 

228,082

261,568

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Stylist Windows of Crewe Limited

(Registration number: 07155316)
Balance Sheet as at 31 March 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors Report has been taken.

Approved and authorised by the Board on 18 November 2024 and signed on its behalf by:
 

.........................................
Mr D Seaton
Director

 

Stylist Windows of Crewe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Moorlands Drive
Wybunbury
Nantwich
Cheshire
CW5 7PA

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Stylist Windows of Crewe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Government grants

Government Grants are recognised using the accrual model. Grants which relate to revenue shall be
recognised in other operating income on a systematic basis over the periods in which the company recognises
the related costs for which the grant is intended to compensate.
Any amounts outstanding at the year end will be included within other debtors.

Tax

The tax expense for the period comprises tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% on reducing balance

Fixtures and fittings

15% on reducing balance

Motor vehicles

25% on reducing balance

Computer equipment

25% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

 

Stylist Windows of Crewe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2023 - 11).

 

Stylist Windows of Crewe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

40,000

40,000

At 31 March 2024

40,000

40,000

Amortisation

At 1 April 2023

40,000

40,000

At 31 March 2024

40,000

40,000

Carrying amount

At 31 March 2024

-

-

At 31 March 2023

-

-

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

1,598

26,077

29,697

57,372

Additions

-

-

21,370

21,370

At 31 March 2024

1,598

26,077

51,067

78,742

Depreciation

At 1 April 2023

872

15,261

11,489

27,622

Charge for the year

175

2,700

5,474

8,349

At 31 March 2024

1,047

17,961

16,963

35,971

Carrying amount

At 31 March 2024

551

8,116

34,104

42,771

At 31 March 2023

726

10,816

18,208

29,750

 

Stylist Windows of Crewe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Stocks

2024
£

2023
£

Other inventories

14,250

14,250

7

Debtors

Current

2024
£

2023
£

Trade debtors

38,776

35,554

Other debtors

12,008

2,750

 

50,784

38,304

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

42,319

45,735

Taxation and social security

 

20,290

19,531

Other creditors

 

50,615

45,435

 

113,224

110,701