Company registration number 04122007 (England and Wales)
ALUMINIUM WINDOWS & SHOPFRONTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
ALUMINIUM WINDOWS & SHOPFRONTS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Statement of changes in equity
4
Notes to the financial statements
5 - 8
ALUMINIUM WINDOWS & SHOPFRONTS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ALUMINIUM WINDOWS & SHOPFRONTS LIMITED FOR THE YEAR ENDED 30 APRIL 2024
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Aluminium Windows & Shopfronts Limited for the year ended 30 April 2024 which comprise, the balance sheet, the statement of changes in equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of Aluminium Windows & Shopfronts Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Aluminium Windows & Shopfronts Limited and state those matters that we have agreed to state to the board of directors of Aluminium Windows & Shopfronts Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aluminium Windows & Shopfronts Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Aluminium Windows & Shopfronts Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Aluminium Windows & Shopfronts Limited. You consider that Aluminium Windows & Shopfronts Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Aluminium Windows & Shopfronts Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
WBV Limited
27 January 2025
Chartered Accountants
The Third Floor
Langdon House, Langdon Road
SA1 Swansea Waterfront
Swansea
Wales
SA1 8QY
ALUMINIUM WINDOWS & SHOPFRONTS LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
439,158
436,321
Current assets
Stocks
254,000
221,500
Debtors
4
195,958
322,873
Cash at bank and in hand
897
1,203
450,855
545,576
Creditors: amounts falling due within one year
5
(397,413)
(289,996)
Net current assets
53,442
255,580
Total assets less current liabilities
492,600
691,901
Creditors: amounts falling due after more than one year
6
(77,768)
(102,848)
Net assets
414,832
589,053
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
414,732
588,953
Total equity
414,832
589,053
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
ALUMINIUM WINDOWS & SHOPFRONTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 27 January 2025 and are signed on its behalf by:
Mr B Poulton
Mrs B Poulton
Director
Director
Company registration number 04122007 (England and Wales)
ALUMINIUM WINDOWS & SHOPFRONTS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 May 2022
100
553,304
553,404
Year ended 30 April 2023:
Profit and total comprehensive income
-
42,705
42,705
Dividends
-
(7,056)
(7,056)
Balance at 30 April 2023
100
588,953
589,053
Year ended 30 April 2024:
Loss and total comprehensive income
-
(174,221)
(174,221)
Balance at 30 April 2024
100
414,732
414,832
ALUMINIUM WINDOWS & SHOPFRONTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 5 -
1
Accounting policies
Company information
Aluminium Windows & Shopfronts Limited is a private company limited by shares incorporated in England and Wales. The registered office is Brookside Court, Village Farm Industrial Estate, Pyle, Bridgend, Mid Glamorgan, CF33 6BN.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings
depreciated equally over the term of the lease
Plant and equipment
25% on cost
Fixtures and fittings
10% on cost
Computers
33% on cost
Motor vehicles
25% on cost
1.4
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
ALUMINIUM WINDOWS & SHOPFRONTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 6 -
1.5
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
1.6
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company pension scheme are charged to profit and loss in the period to which they relate.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
18
18
ALUMINIUM WINDOWS & SHOPFRONTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 7 -
3
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 May 2023
455,593
241,054
7,899
39,429
176,858
920,833
Additions
24,854
30,000
54,854
Disposals
(9,389)
(9,389)
At 30 April 2024
455,593
241,054
7,899
64,283
197,469
966,298
Depreciation and impairment
At 1 May 2023
96,814
233,323
915
38,659
114,801
484,512
Depreciation charged in the year
5,695
3,692
790
5,532
36,308
52,017
Eliminated in respect of disposals
(9,389)
(9,389)
At 30 April 2024
102,509
237,015
1,705
44,191
141,720
527,140
Carrying amount
At 30 April 2024
353,084
4,039
6,194
20,092
55,749
439,158
At 30 April 2023
358,779
7,731
6,984
770
62,057
436,321
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
114,628
211,404
Corporation tax recoverable
1,341
1,341
Amounts owed by group undertakings and undertakings in which the company has a participating interest
17,630
28,200
Other debtors
62,359
81,928
195,958
322,873
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
114,205
44,081
Trade creditors
6,870
81,947
Corporation tax
7,494
Other taxation and social security
48,350
3,624
Other creditors
227,988
152,850
397,413
289,996
ALUMINIUM WINDOWS & SHOPFRONTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 8 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
33,355
53,824
Other creditors
44,413
49,024
77,768
102,848
Personal guarantees have been given by the director, Mr B Poulton in respect of all bank loans and overdrafts.
7
Finance lease obligations
2024
2023
Future minimum lease payments due under finance leases:
£
£
Within one year
24,878
18,892
In two to five years
44,413
49,024
69,291
67,916
Amounts payable under finance leases are secured by a fixed and floating charge over the assets of the company.
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
9
Operating lease commitments
Lessee
Amounts recognised in profit or loss as an expense during the period in respect of operating lease arrangements are as follows:
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2024
2023
£
£
20,854
24,961
10
Ultimate controlling party
The company is controlled by Mr B Poulton who is a director of the company and its majority shareholder.
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