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REGISTERED NUMBER: 04744229 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Exmouth Windows Limited

Exmouth Windows Limited (Registered number: 04744229)






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


Exmouth Windows Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs C Emmins
Mr C Frazer





REGISTERED OFFICE: The Old Dairy
Cadhay
Ottery St Mary
Devon
EX11 1QT





REGISTERED NUMBER: 04744229 (England and Wales)





ACCOUNTANTS: Blue Sky
Chartered Accountants
The Old Dairy
Cadhay
Ottery St Mary
Devon
EX11 1QT

Exmouth Windows Limited (Registered number: 04744229)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 6,261
Tangible assets 5 8,769 14,684
8,769 20,945

CURRENT ASSETS
Stocks 29,577 31,350
Debtors 6 5,404 8,758
Cash at bank and in hand 217,522 180,492
252,503 220,600
CREDITORS
Amounts falling due within one year 7 198,628 188,349
NET CURRENT ASSETS 53,875 32,251
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,644

53,196

CREDITORS
Amounts falling due after more than one
year

8

(8,282

)

(16,060

)

PROVISIONS FOR LIABILITIES (2,167 ) (2,232 )
NET ASSETS 52,195 34,904

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 52,095 34,804
SHAREHOLDERS' FUNDS 52,195 34,904

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.

Exmouth Windows Limited (Registered number: 04744229)

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 29 November 2024 and were signed on its behalf by:




Mrs C Emmins - Director



Mr C Frazer - Director


Exmouth Windows Limited (Registered number: 04744229)

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

1. Statutory information

Exmouth 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.

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 2004, is being amortised evenly over its estimated useful life of ten 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.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
(i) Financial assets
Basic financial assets, including trade and other debtors are initially recognised at the transaction price and therefore stated at amortisation cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortisation cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.


Exmouth Windows Limited (Registered number: 04744229)

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

2. Accounting policies - continued
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.

Hire purchase and leasing commitments
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.

Covid 19
The directors have considered the impact of COVID-19 and do not consider it to have a material impact on the balances included within the financial statements. In addition, the directors do not consider it to cast any significant doubt upon the company's ability to continue successfully in the future.

The directors have taken both reactive and proactive measures in order to mitigate any risks associated with COVID-19, including managing cash flow to ensure that debts can be paid when they fall due, managing staffing levels and monitoring key customer and supplier activity.

The directors have implemented a robust system of procedures and controls in order to deal with any associated risks.

3. Employees and directors

The average number of employees during the year was 11 (2023 - 10 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 May 2023
and 30 April 2024 62,603
Amortisation
At 1 May 2023 56,342
Amortisation for year 6,261
At 30 April 2024 62,603
Net book value
At 30 April 2024 -
At 30 April 2023 6,261

Exmouth Windows Limited (Registered number: 04744229)

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

5. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 May 2023
and 30 April 2024 5,355 4,371 66,971 76,697
Depreciation
At 1 May 2023 5,355 4,286 52,372 62,013
Charge for year - 85 5,830 5,915
At 30 April 2024 5,355 4,371 58,202 67,928
Net book value
At 30 April 2024 - - 8,769 8,769
At 30 April 2023 - 85 14,599 14,684

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 1,528 5,934
Other debtors 3,876 2,824
5,404 8,758

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 3,991 -
Trade creditors 39,418 36,191
Taxation and social security 71,192 50,181
Other creditors 84,027 101,977
198,628 188,349

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 8,282 16,060