Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31truefalse2023-04-01No description of principal activity1111falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02174033 2023-04-01 2024-03-31 02174033 2022-04-01 2023-03-31 02174033 2024-03-31 02174033 2023-03-31 02174033 c:Director2 2023-04-01 2024-03-31 02174033 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 02174033 d:Buildings d:LongLeaseholdAssets 2024-03-31 02174033 d:Buildings d:LongLeaseholdAssets 2023-03-31 02174033 d:PlantMachinery 2023-04-01 2024-03-31 02174033 d:PlantMachinery 2024-03-31 02174033 d:PlantMachinery 2023-03-31 02174033 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02174033 d:MotorVehicles 2023-04-01 2024-03-31 02174033 d:MotorVehicles 2024-03-31 02174033 d:MotorVehicles 2023-03-31 02174033 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02174033 d:FurnitureFittings 2023-04-01 2024-03-31 02174033 d:FurnitureFittings 2024-03-31 02174033 d:FurnitureFittings 2023-03-31 02174033 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02174033 d:ComputerEquipment 2023-04-01 2024-03-31 02174033 d:ComputerEquipment 2024-03-31 02174033 d:ComputerEquipment 2023-03-31 02174033 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02174033 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02174033 d:CurrentFinancialInstruments 2024-03-31 02174033 d:CurrentFinancialInstruments 2023-03-31 02174033 d:Non-currentFinancialInstruments 2024-03-31 02174033 d:Non-currentFinancialInstruments 2023-03-31 02174033 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02174033 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02174033 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 02174033 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 02174033 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 02174033 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 02174033 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 02174033 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 02174033 d:ShareCapital 2024-03-31 02174033 d:ShareCapital 2023-03-31 02174033 d:RetainedEarningsAccumulatedLosses 2024-03-31 02174033 d:RetainedEarningsAccumulatedLosses 2023-03-31 02174033 c:FRS102 2023-04-01 2024-03-31 02174033 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02174033 c:FullAccounts 2023-04-01 2024-03-31 02174033 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02174033 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 02174033










N & P WINDOWS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
N & P WINDOWS LIMITED
REGISTERED NUMBER: 02174033

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
247,166
58,066

Current assets
  

Stocks
  
112,709
232,076

Debtors
 5 
930,934
655,617

Cash at bank and in hand
  
25,962
109,477

  
1,069,605
997,170

Creditors: amounts falling due within one year
 6 
(832,403)
(715,884)

Net current assets
  
 
 
237,202
 
 
281,286

Total assets less current liabilities
  
484,368
339,352

Creditors: amounts falling due after more than one year
 7 
(114,213)
(65,990)

Provisions for liabilities
  

Deferred tax
  
(15,325)
-

  
 
 
(15,325)
 
 
-

Net assets
  
354,830
273,362


Capital and reserves
  

Called up share capital 
  
328,000
328,000

Profit and loss account
  
26,830
(54,638)

  
354,830
273,362


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 December 2024.
Page 1

 
N & P WINDOWS LIMITED
REGISTERED NUMBER: 02174033
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024





................................................
C O Nye
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
N & P WINDOWS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

N & P Windows Limited is a private company, limited by shares, and incorporated in England and Wales. The Company's registered number is 02174033 and registered office address is 2 Ivel Road, Shefford, England, SG17 5JU. 
The principal activity of the Company is that of installing doors, windows, window walling and cladding to domestic and commercial premises including where required; project management of other sub-contracted trades.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have looked at current trading and prospects for the next 12 months and concluded that there is sufficient profitability and cash flow in future trading to enable the Company to meet its liabilities as they fall due. On this basis the directors have concluded that it is appropriate to prepare these financial statements on a going concern basis.

 
2.3

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Page 3

 
N & P WINDOWS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 
N & P WINDOWS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following bases:

Long-term leasehold property
-
over the lease term
Plant and machinery
-
25% straight line
Motor vehicles
-
25% straight line
Fixtures and fittings
-
25% straight line
Computer equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.13

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
N & P WINDOWS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2023: 11).


4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£
£



Cost


At 1 April 2023
41,817
15,534
271,983
16,928
8,601
354,863


Additions
71,801
40,958
116,629
2,277
4,386
236,051


Disposals
(41,817)
-
(89,684)
(3,633)
(582)
(135,716)



At 31 March 2024

71,801
56,492
298,928
15,572
12,405
455,198



Depreciation


At 1 April 2023
41,817
15,534
214,196
16,928
8,322
296,797


Charge for the year
2,832
4,267
38,780
237
834
46,950


Disposals
(41,817)
-
(89,683)
(3,633)
(582)
(135,715)



At 31 March 2024

2,832
19,801
163,293
13,532
8,574
208,032



Net book value



At 31 March 2024
68,969
36,691
135,635
2,040
3,831
247,166



At 31 March 2023
-
-
57,787
-
279
58,066

Page 6

 
N & P WINDOWS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£

Trade debtors
782,937
490,350

Other debtors
131,131
127,660

Prepayments
16,866
33,257

Deferred taxation
-
4,350

930,934
655,617



6.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Payments received on account
-
24,450

Trade creditors
347,670
415,840

Amounts owed to related parties
320,000
200,000

Other taxation and social security
39,727
21,648

Obligations under hire purchase contracts
37,639
11,371

Other creditors
13,359
11,320

Accruals
64,008
21,255

832,403
715,884



7.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
13,334
23,334

Obligations under hire purchase contracts
100,879
42,656

114,213
65,990


Page 7

 
N & P WINDOWS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
3,334
13,334

23,334
33,334


The bank loan is held with Barclays and interest is payable at 2.5% per annum. It is repayable in installments with the final amount due in July 2025.


9.


Related party transactions

During the year, the Company purchased goods and services totalling £2,224 (2023: £3,832) from Anglian Country Inns Limited ("ACI"), a company held under common directorship.
At 31 March 2024, the Company owed ACI £320,000 (2023: £200,000). This balance is interest free, repayable on demand, and is included within Amounts owed to related parties falling due within one year.


10.


Controlling party

The Company's immediate parent undertaking is Amoeba Limited.
The ultimate controlling party is Mr C Nye.

Page 8