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REGISTERED NUMBER: 05733249 (England and Wales)












NATIONCARE WINDOWS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






NATIONCARE WINDOWS LIMITED (REGISTERED NUMBER: 05733249)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NATIONCARE WINDOWS LIMITED

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTORS: N G Balchin
G D Balchin





REGISTERED OFFICE: Wey Court West
Union Road
Farnham
Surrey
GU9 7PT





REGISTERED NUMBER: 05733249 (England and Wales)





ACCOUNTANTS: Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT

NATIONCARE WINDOWS LIMITED (REGISTERED NUMBER: 05733249)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 990,172 1,016,971

CURRENT ASSETS
Stocks 18,000 75,000
Debtors 5 971,518 2,124,851
Cash at bank 268,244 225,107
1,257,762 2,424,958
CREDITORS
Amounts falling due within one year 6 (967,780 ) (1,483,007 )
NET CURRENT ASSETS 289,982 941,951
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,280,154

1,958,922

CREDITORS
Amounts falling due after more than one year 7 (385,991 ) (453,614 )

PROVISIONS FOR LIABILITIES 9 (124,809 ) (99,650 )
NET ASSETS 769,354 1,405,658

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 11 768,354 1,404,658
SHAREHOLDERS' FUNDS 769,354 1,405,658

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

NATIONCARE WINDOWS LIMITED (REGISTERED NUMBER: 05733249)

BALANCE SHEET - continued
30 April 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 15 January 2025 and were signed on its behalf by:




N G Balchin - Director



G D Balchin - Director


NATIONCARE WINDOWS LIMITED (REGISTERED NUMBER: 05733249)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Nationcare Windows 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance and Straight line over 3 years

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.

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.

NATIONCARE WINDOWS LIMITED (REGISTERED NUMBER: 05733249)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST OR VALUATION
At 1 May 2023 900,000 10,422 43,540
Disposals - - -
At 30 April 2024 900,000 10,422 43,540
DEPRECIATION
At 1 May 2023 - - 32,521
Charge for year - - 1,653
Eliminated on disposal - - -
At 30 April 2024 - - 34,174
NET BOOK VALUE
At 30 April 2024 900,000 10,422 9,366
At 30 April 2023 900,000 10,422 11,019

NATIONCARE WINDOWS LIMITED (REGISTERED NUMBER: 05733249)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 May 2023 240,901 20,390 1,215,253
Disposals (13,610 ) - (13,610 )
At 30 April 2024 227,291 20,390 1,201,643
DEPRECIATION
At 1 May 2023 152,546 13,215 198,282
Charge for year 22,088 3,058 26,799
Eliminated on disposal (13,610 ) - (13,610 )
At 30 April 2024 161,024 16,273 211,471
NET BOOK VALUE
At 30 April 2024 66,267 4,117 990,172
At 30 April 2023 88,355 7,175 1,016,971

Cost or valuation at 30 April 2024 is represented by:

Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
Valuation in 2018 442,643 - -
Cost 457,357 10,422 43,540
900,000 10,422 43,540

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2018 - - 442,643
Cost 227,291 20,390 759,000
227,291 20,390 1,201,643

NATIONCARE WINDOWS LIMITED (REGISTERED NUMBER: 05733249)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

If Freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 457,357 457,357

Value of land in freehold land and buildings 900,000 900,000

Freehold land and buildings were valued on open market basis on 17 April 2018 by Romans Surveyors .

At the balance sheet date, the directors consider the market value of the Freehold land and buildings to be unchanged since the 17th April 2018.

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 May 2023
and 30 April 2024 98,306
DEPRECIATION
At 1 May 2023 35,265
Charge for year 15,760
At 30 April 2024 51,025
NET BOOK VALUE
At 30 April 2024 47,281
At 30 April 2023 63,041

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 406,865 1,264,667
Retentions held 3,000 142,563
Other debtors 256,240 238,125
Prepayments 26,867 28,204
Rent deposits 11,000 11,000
Applications 267,546 440,292
971,518 2,124,851

NATIONCARE WINDOWS LIMITED (REGISTERED NUMBER: 05733249)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,857 86,047
Hire purchase contracts and finance leases (see note 8)
36,756

25,156
Trade creditors 587,668 823,145
Tax 224,276 209,064
Social security and other taxes 16,231 6,473
VAT 16,017 156,149
Other creditors 7,342 7,442
Directors' current accounts 3,969 11,076
Accruals and deferred income 46,664 158,455
967,780 1,483,007

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 27,207 28,762
Bank loans - 2-5 years 356,229 65,922
Bank loans more 5 yr by instal - 319,350
Hire purchase contracts and finance leases (see note 8)
2,555

39,580
385,991 453,614

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 319,350

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
2024 2023 2024 2023
£    £    £    £   
Net obligations repayable:
Within one year 19,607 18,814 17,149 6,342
Between one and five years 2,555 22,162 - 17,418
22,162 40,976 17,149 23,760

NATIONCARE WINDOWS LIMITED (REGISTERED NUMBER: 05733249)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 54,807 38,602
Between one and five years 50,772 48,953
105,579 87,555

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 124,809 99,650

Deferred
tax
£   
Balance at 1 May 2023 99,650
Charge to Income Statement during year 25,159
Balance at 30 April 2024 124,809

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. RESERVES
Retained
earnings
£   

At 1 May 2023 1,404,658
Profit for the year 623,696
Dividends (1,260,000 )
At 30 April 2024 768,354

NATIONCARE WINDOWS LIMITED (REGISTERED NUMBER: 05733249)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
G D Balchin
Balance outstanding at start of year (6,197 ) (9,168 )
Amounts advanced 3,554 3,051
Amounts repaid - (80 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,643 ) (6,197 )

N G Balchin
Balance outstanding at start of year (4,879 ) (7,724 )
Amounts advanced 3,553 2,925
Amounts repaid - (80 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,326 ) (4,879 )