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REGISTERED NUMBER: 06321317 (England and Wales)















Corby Windscreens Limited

Unaudited Financial Statements

for the Year Ended 30th September 2024






Corby Windscreens Limited (Registered number: 06321317)






Contents of the Financial Statements
for the year ended 30th September 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Corby Windscreens Limited

Company Information
for the year ended 30th September 2024







DIRECTORS: T R Stanton
M C Stanton





SECRETARY: Mrs K J Stanton





REGISTERED OFFICE: 310 Wellingborough Road
Northampton
Northamptonshire
NN1 4EP





BUSINESS ADDRESS: 10 Isham Close
Kingsthorpe
Northampton
NN2 7AQ





REGISTERED NUMBER: 06321317 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Corby Windscreens Limited (Registered number: 06321317)

Balance Sheet
30th September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 9,000 12,000
Tangible assets 6 49,402 39,627
58,402 51,627

CURRENT ASSETS
Stocks 6,616 6,616
Debtors 7 49,760 48,389
Cash at bank and in hand 58,605 65,085
114,981 120,090
CREDITORS
Amounts falling due within one year 8 52,430 63,196
NET CURRENT ASSETS 62,551 56,894
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,953

108,521

CREDITORS
Amounts falling due after more than one
year

9

(6,772

)

(17,891

)

PROVISIONS FOR LIABILITIES 12 (3,600 ) (6,600 )
NET ASSETS 110,581 84,030

CAPITAL AND RESERVES
Called up share capital 13 102 102
Retained earnings 110,479 83,928
SHAREHOLDERS' FUNDS 110,581 84,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Corby Windscreens Limited (Registered number: 06321317)

Balance Sheet - continued
30th September 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th December 2024 and were signed on its behalf by:





T R Stanton - Director


Corby Windscreens Limited (Registered number: 06321317)

Notes to the Financial Statements
for the year ended 30th September 2024

1. STATUTORY INFORMATION

Corby Windscreens Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company in the year under review was that of the replacement of vehicle windscreens.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Tools and equipment - 25% on reducing balance
Office equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Corby Windscreens Limited (Registered number: 06321317)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2023
and 30th September 2024 60,000
AMORTISATION
At 1st October 2023 48,000
Charge for year 3,000
At 30th September 2024 51,000
NET BOOK VALUE
At 30th September 2024 9,000
At 30th September 2023 12,000

Corby Windscreens Limited (Registered number: 06321317)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

6. TANGIBLE FIXED ASSETS
Tools and Office Motor Computer
equipment equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1st October 2023 200 1,800 100,930 208 103,138
Additions 1,019 - 25,290 - 26,309
At 30th September 2024 1,219 1,800 126,220 208 129,447
DEPRECIATION
At 1st October 2023 200 1,800 61,373 138 63,511
Charge for year 255 - 16,209 70 16,534
At 30th September 2024 455 1,800 77,582 208 80,045
NET BOOK VALUE
At 30th September 2024 764 - 48,638 - 49,402
At 30th September 2023 - - 39,557 70 39,627

The net book value of tangible fixed assets includes £ 22,164 (2023 - £ 29,552 ) in respect of assets held under hire purchase contracts.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 37,629 38,447
Other debtors 12,131 9,942
49,760 48,389

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 2,432 2,353
Hire purchase contracts (see note 11) 8,646 13,059
Trade creditors 6,044 15,249
Taxation and social security 22,251 19,235
Other creditors 13,057 13,300
52,430 63,196

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 10) 1,996 4,470
Hire purchase contracts (see note 11) 4,776 13,421
6,772 17,891

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 2,432 2,353

Corby Windscreens Limited (Registered number: 06321317)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

10. LOANS - continued
2024 2023
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 1,996 2,413

Amounts falling due between two and five years:
Bank loans - 2-5 years - 2,057

11. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 8,646 13,059
Between one and five years 4,776 13,421
13,422 26,480

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,600 6,600

Deferred
tax
£   
Balance at 1st October 2023 6,600
Credit to Income Statement during year (3,000 )
Balance at 30th September 2024 3,600

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
1 Ordinary "A" £1 1 1
1 Ordinary "B" £1 1 1
102 102

14. CONTINGENT LIABILITIES

There were no contingent liabilities as at 30th September 2024 or at 30th September 2023.

15. CAPITAL COMMITMENTS

There were no capital commitments as at 30th September 2024 or at 30th September 2023.