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REGISTERED NUMBER: 04727864 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

LYTHAM WINDOW COMPANY LIMITED

LYTHAM WINDOW COMPANY LIMITED (REGISTERED NUMBER: 04727864)






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


LYTHAM WINDOW COMPANY LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: D T Fletcher
E J Kirkham





SECRETARY: D T Fletcher





REGISTERED OFFICE: The Old Surgery
43 Derbe Road
Lytham St Annes
Lancashire
FY8 1NJ





REGISTERED NUMBER: 04727864 (England and Wales)





ACCOUNTANTS: Keenan Chartered Accountants
The Old Surgery
43 Derbe Road
Lytham St Annes
Lancashire
FY8 1NJ

LYTHAM WINDOW COMPANY LIMITED (REGISTERED NUMBER: 04727864)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 207,866 265,024
207,866 265,024

CURRENT ASSETS
Stocks 131,685 133,665
Debtors 6 380,377 460,676
Cash at bank and in hand 169,091 236,890
681,153 831,231
CREDITORS
Amounts falling due within one year 7 485,057 594,549
NET CURRENT ASSETS 196,096 236,682
TOTAL ASSETS LESS CURRENT
LIABILITIES

403,962

501,706

CREDITORS
Amounts falling due after more than one
year

8

(30,165

)

(70,279

)

PROVISIONS FOR LIABILITIES (42,606 ) (39,953 )
NET ASSETS 331,191 391,474

CAPITAL AND RESERVES
Called up share capital 5,100 5,100
Retained earnings 326,091 386,374
SHAREHOLDERS' FUNDS 331,191 391,474

LYTHAM WINDOW COMPANY LIMITED (REGISTERED NUMBER: 04727864)

Balance Sheet - continued
30 April 2024


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.

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 24 January 2025 and were signed on its behalf by:





D T Fletcher - Director


LYTHAM WINDOW COMPANY LIMITED (REGISTERED NUMBER: 04727864)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Lytham Window Company 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 (£).


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.

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 2003, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.


LYTHAM WINDOW COMPANY LIMITED (REGISTERED NUMBER: 04727864)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. 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.

Financial instruments
Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently at amortised cost, net of impairment.

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts.

Trade and other creditors are initially recognised at the transaction price and are therefore stated at amortised cost using the effective interest method unless the discounting would be immaterial, in which case they are stated at cost.

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2023 - 40 ) .

LYTHAM WINDOW COMPANY LIMITED (REGISTERED NUMBER: 04727864)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 35,000
AMORTISATION
At 1 May 2023
and 30 April 2024 35,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 515,264 22,812 367,226 23,382 928,684
Additions - 274 56,000 579 56,853
Disposals - - (79,500 ) - (79,500 )
At 30 April 2024 515,264 23,086 343,726 23,961 906,037
DEPRECIATION
At 1 May 2023 379,271 22,530 241,278 20,581 663,660
Charge for year 33,999 139 34,309 845 69,292
Eliminated on disposal - - (34,781 ) - (34,781 )
At 30 April 2024 413,270 22,669 240,806 21,426 698,171
NET BOOK VALUE
At 30 April 2024 101,994 417 102,920 2,535 207,866
At 30 April 2023 135,993 282 125,948 2,801 265,024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 152,029 200,416
Other debtors 245 51,400
Directors' loan accounts 143,613 154,302
Recoverable tax 70,210 48,757
Prepayments 14,280 5,801
380,377 460,676

LYTHAM WINDOW COMPANY LIMITED (REGISTERED NUMBER: 04727864)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 62,398 31,175
Trade creditors 241,603 337,255
Corporation tax 60,353 103,472
Social security and other taxes 23,878 36,600
VAT 56,248 46,157
Pension control 5,319 4,544
Credit card 841 8,583
Accruals and deferred income 11,833 -
Accrued expenses 22,584 26,763
485,057 594,549

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 30,165 34,065
Bank loans - 2-5 years - 36,214
30,165 70,279

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank overdraft 25,174 -
Bank loans 67,389 101,454
92,563 101,454

The bank loan and overdraft facilities are secured by fixed and floating charges held by the bank over the assets over the company. Hire purchase assets are secured by the assets to which they relate.

10. OTHER FINANCIAL COMMITMENTS

As at 30 April 2024, the company had total commitments under non-cancellable operating leases over the remaining life of the leases of £13,556 (2023 - £2,753). The operating leases are secured by the assets to which they relate.

LYTHAM WINDOW COMPANY LIMITED (REGISTERED NUMBER: 04727864)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30.4.24 30.4.23
£    £   
D T Fletcher
Balance outstanding at start of year 103,922 57,000
Amounts advanced 793 46,922
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 104,715 103,922

E J Kirkham
Balance outstanding at start of year 50,380 -
Amounts advanced - 50,380
Amounts repaid (11,481 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 38,899 50,380

The loans are unsecured and interest is charged at the official beneficial loan interest rate.