Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30manufacture and ratils of windows and doorstrue30false2023-05-0129trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03713327 2023-05-01 2024-04-30 03713327 2022-05-01 2023-04-30 03713327 2024-04-30 03713327 2023-04-30 03713327 c:Director1 2023-05-01 2024-04-30 03713327 d:Buildings 2023-05-01 2024-04-30 03713327 d:Buildings 2024-04-30 03713327 d:Buildings 2023-04-30 03713327 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03713327 d:PlantMachinery 2023-05-01 2024-04-30 03713327 d:PlantMachinery 2024-04-30 03713327 d:PlantMachinery 2023-04-30 03713327 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03713327 d:MotorVehicles 2023-05-01 2024-04-30 03713327 d:MotorVehicles 2024-04-30 03713327 d:MotorVehicles 2023-04-30 03713327 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03713327 d:FurnitureFittings 2023-05-01 2024-04-30 03713327 d:FurnitureFittings 2024-04-30 03713327 d:FurnitureFittings 2023-04-30 03713327 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03713327 d:ComputerEquipment 2023-05-01 2024-04-30 03713327 d:ComputerEquipment 2024-04-30 03713327 d:ComputerEquipment 2023-04-30 03713327 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03713327 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03713327 d:Goodwill 2024-04-30 03713327 d:Goodwill 2023-04-30 03713327 d:CurrentFinancialInstruments 2024-04-30 03713327 d:CurrentFinancialInstruments 2023-04-30 03713327 d:Non-currentFinancialInstruments 2024-04-30 03713327 d:Non-currentFinancialInstruments 2023-04-30 03713327 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 03713327 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 03713327 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 03713327 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 03713327 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 03713327 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 03713327 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 03713327 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 03713327 d:ShareCapital 2024-04-30 03713327 d:ShareCapital 2023-04-30 03713327 d:RetainedEarningsAccumulatedLosses 2024-04-30 03713327 d:RetainedEarningsAccumulatedLosses 2023-04-30 03713327 c:FRS102 2023-05-01 2024-04-30 03713327 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03713327 c:FullAccounts 2023-05-01 2024-04-30 03713327 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03713327 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-04-30 03713327 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-30 03713327 d:LeasedAssetsHeldAsLessee 2024-04-30 03713327 d:LeasedAssetsHeldAsLessee 2023-04-30 03713327 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 03713327









WILTSHIRE GLASS & WINDOWS LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
WILTSHIRE GLASS & WINDOWS LTD
REGISTERED NUMBER: 03713327

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
495,384
449,938

  
495,384
449,938

Current assets
  

Stocks
 6 
289,552
259,507

Debtors: amounts falling due within one year
 7 
540,647
500,926

Cash at bank and in hand
 8 
2,001,686
1,779,575

  
2,831,885
2,540,008

Creditors: amounts falling due within one year
 9 
(755,256)
(938,687)

Net current assets
  
 
 
2,076,629
 
 
1,601,321

Total assets less current liabilities
  
2,572,013
2,051,259

Creditors: amounts falling due after more than one year
 10 
-
(106,450)

  

Net assets
  
2,572,013
1,944,809


Capital and reserves
  

Called up share capital 
  
1,006
1,006

Profit and loss account
  
2,571,007
1,943,803

  
2,572,013
1,944,809

Page 1

 
WILTSHIRE GLASS & WINDOWS LTD
REGISTERED NUMBER: 03713327
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The director considers 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 director acknowledges his 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 income and retained earnings 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 28 January 2025.




................................................
D M Harrold
Director

The notes on pages 3 to 11 form part of these financial statements.
Page 2

 
WILTSHIRE GLASS & WINDOWS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Wiltshire Glass & Windows Ltd is a private company limited by shares incorporated in England. The principal place of business is Unit 6, Parker's Close, Downton Industrial Estate, Salisbury, SP5 3RB. The principal activity of the Company throughout the year was that of the manufacture and retail of windows and doors.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
WILTSHIRE GLASS & WINDOWS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Borrowing costs

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

 
2.5

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

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 balance sheet date in the countries where the Company operates and generates income.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

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.

Page 4

 
WILTSHIRE GLASS & WINDOWS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method and reducing balance method.

Depreciation is provided on the following basis:

Freehold property
-
not depreciated
Plant and machinery
-
15% reducing balance and over 1/4/5/10 years
Motor vehicles
-
20% reducing balance
Fixtures and fittings
-
20% straight line
Computer equipment
-
100% in the year of purchase

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.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet 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.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

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

 
WILTSHIRE GLASS & WINDOWS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 29 (2023 - 30).


4.


Intangible assets




Goodwill

£



Cost


At 1 May 2023
115,155



At 30 April 2024

115,155



Amortisation


At 1 May 2023
115,155



At 30 April 2024

115,155



Net book value



At 30 April 2024
-



At 30 April 2023
-



Page 6

 
WILTSHIRE GLASS & WINDOWS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 May 2023
158,875
1,096,965
130,638
184,310
147,995
1,718,783


Additions
-
43,655
98,910
2,871
4,210
149,646


Disposals
-
(94,006)
(21,198)
-
(54,037)
(169,241)



At 30 April 2024

158,875
1,046,614
208,350
187,181
98,168
1,699,188



Depreciation


At 1 May 2023
12,791
845,997
85,431
177,721
146,905
1,268,845


Charge for the year on owned assets
-
85,313
10,895
3,123
1,773
101,104


Disposals
-
(93,024)
(19,084)
-
(54,037)
(166,145)



At 30 April 2024

12,791
838,286
77,242
180,844
94,641
1,203,804



Net book value



At 30 April 2024
146,084
208,328
131,108
6,337
3,527
495,384



At 30 April 2023
146,084
250,968
45,207
6,589
1,090
449,938

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
-
31,374

-
31,374

Page 7

 
WILTSHIRE GLASS & WINDOWS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Stocks

2024
2023
£
£

Stock on hand
289,552
259,507

289,552
259,507



7.


Debtors

2024
2023
£
£


Trade debtors
330,386
383,026

Other debtors
78,731
11,421

Prepayments and accrued income
131,530
106,479

540,647
500,926



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,001,686
1,779,575

2,001,686
1,779,575


Page 8

 
WILTSHIRE GLASS & WINDOWS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
80,967

Trade creditors
357,270
383,797

Corporation tax
249,470
238,331

Other taxation and social security
95,388
132,813

Obligations under finance lease and hire purchase contracts
-
12,244

Other creditors
45,834
84,294

Accruals and deferred income
7,294
6,241

755,256
938,687


The following liabilities were secured:

2024
2023
£
£



Hire purchase contracts
-
12,244

Bank loan
-
40,967

-
53,211

Details of security provided:

The hire purchase contract is secured over the asset concerned. The bank loan is secured.

Page 9

 
WILTSHIRE GLASS & WINDOWS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
106,450

-
106,450


The following liabilities were secured:

2024
2023
£
£



Bank loan
-
23,118

-
23,118

Details of security provided:

The bank loan is secured.


11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
-
80,967

Amounts falling due 1-2 years

Bank loans
-
63,117

Amounts falling due 2-5 years

Bank loans
-
43,333


-
187,417



12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £17,497 (2023 - £16,196). Contributions totalling £2,820 (2023 - £2,839) were payable to the fund at the balance sheet date and are included in other creditors.

Page 10

 
WILTSHIRE GLASS & WINDOWS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

13.


Controlling party

The Company is controlled by the director, D M Harrold, by virtue of his shareholding as described in the director's report.

 
Page 11