Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30182023-07-01falseadvice and services for traditional timber sash and casement windows and french doors.18falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03202759 2023-07-01 2024-06-30 03202759 2022-07-01 2023-06-30 03202759 2024-06-30 03202759 2023-06-30 03202759 c:Director2 2023-07-01 2024-06-30 03202759 d:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 03202759 d:OtherPropertyPlantEquipment 2024-06-30 03202759 d:OtherPropertyPlantEquipment 2023-06-30 03202759 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03202759 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-30 03202759 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-30 03202759 d:Goodwill 2023-07-01 2024-06-30 03202759 d:Goodwill 2024-06-30 03202759 d:Goodwill 2023-06-30 03202759 d:CurrentFinancialInstruments 2024-06-30 03202759 d:CurrentFinancialInstruments 2023-06-30 03202759 d:Non-currentFinancialInstruments 2024-06-30 03202759 d:Non-currentFinancialInstruments 2023-06-30 03202759 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 03202759 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 03202759 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 03202759 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 03202759 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 03202759 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 03202759 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 03202759 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 03202759 d:ShareCapital 2024-06-30 03202759 d:ShareCapital 2023-06-30 03202759 d:RetainedEarningsAccumulatedLosses 2024-06-30 03202759 d:RetainedEarningsAccumulatedLosses 2023-06-30 03202759 c:OrdinaryShareClass1 2023-07-01 2024-06-30 03202759 c:OrdinaryShareClass1 2024-06-30 03202759 c:FRS102 2023-07-01 2024-06-30 03202759 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 03202759 c:FullAccounts 2023-07-01 2024-06-30 03202759 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03202759 d:WithinOneYear 2024-06-30 03202759 d:WithinOneYear 2023-06-30 03202759 d:BetweenOneFiveYears 2024-06-30 03202759 d:BetweenOneFiveYears 2023-06-30 03202759 2 2023-07-01 2024-06-30 03202759 d:Goodwill d:OwnedIntangibleAssets 2023-07-01 2024-06-30 03202759 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-07-01 2024-06-30 03202759 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03202759









REFURB-A-SASH LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
REFURB-A-SASH LIMITED
REGISTERED NUMBER: 03202759

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024


2024

2023
Note
£
£
£
£

Fixed assets
  

Intangible assets
 4 
-
19,253

Tangible assets
 5 
90,496
98,370

  
90,496
117,623

Current assets
  

Stocks
 6 
226,116
251,810

Debtors: amounts falling due within one year
 7 
57,212
130,790

Cash at bank and in hand
 8 
132,369
250,104

  
415,697
632,704

Creditors: amounts falling due within one year
 9 
(407,902)
(462,980)

Net current assets
  
 
 
7,795
 
 
169,724

Total assets less current liabilities
  
98,291
287,347

Creditors: amounts falling due after more than one year
 10 
(14,595)
(82,373)

  

Net assets
  
83,696
204,974


Capital and reserves
  

Called up share capital 
 12 
100
100

Profit and loss account
  
83,596
204,874

  
83,696
204,974


Page 1

 
REFURB-A-SASH LIMITED
REGISTERED NUMBER: 03202759
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The directors consider 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 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 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 comprehensive income 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 30 January 2025.




A S Thompson
Director


The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
REFURB-A-SASH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Refurb-A-Sash Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 1432A Clock Tower Road, Isleworth, Middlesex, TW7 6DT.
The company specialises in providing specialist advice and services for traditional timber sash and casement windows and french 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

Going concern

The directors have taken consideration of the impact of inflationary pressures on the business and the withdrawal of the United Kingdom from the European Union. The directors note that the company is trading adequately and has sufficient working capital and other finance available to continue trading for a period of not less than 12 months from the date of signing the financial statements. As such, the directors believe that there are no significant uncertainties in their assessment of whether the business is a going concern and therefore have prepared the accounts on a going concern basis.

 
2.3

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:

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

 
REFURB-A-SASH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.6

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to the Statement of comprehensive income 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.

 
2.8

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

Page 4

 
REFURB-A-SASH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.9

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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.10

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of comprehensive income over its useful economic life.

Other 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.

 
2.11

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 5

 
REFURB-A-SASH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.11
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Other fixed assets
-
between 20% and 25% reducing balance

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 the Statement of comprehensive income.

 
2.12

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 reporting 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 the Statement of comprehensive income.

 
2.13

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.

 
2.14

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.

 
2.15

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.

 
2.16

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an
Page 6

 
REFURB-A-SASH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.16
Financial instruments (continued)

impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective internal rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.17

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. Dividend on shares recognised as liabilities are recognised as expenses and classified within interest payable.


3.


Employees

The average monthly number of employees, including directors, during the year was 18 (2023 - 18).

Page 7

 
REFURB-A-SASH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Intangible assets




Development
Goodwill
Total

£
£
£



Cost


At 1 July 2023
476,272
820,000
1,296,272



At 30 June 2024

476,272
820,000
1,296,272



Amortisation


At 1 July 2023
457,019
820,000
1,277,019


Charge for the year on owned assets
19,253
-
19,253



At 30 June 2024

476,272
820,000
1,296,272



Net book value



At 30 June 2024
-
-
-



At 30 June 2023
19,253
-
19,253



Page 8

 
REFURB-A-SASH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Other fixed assets

£



Cost 


At 1 July 2023
282,914


Additions
17,547



At 30 June 2024

300,461



Depreciation


At 1 July 2023
184,544


Charge for the year on owned assets
25,421



At 30 June 2024

209,965



Net book value



At 30 June 2024
90,496



At 30 June 2023
98,370


6.


Stocks

2024
2023
£
£

Work in progress
173,146
197,065

Finished goods and goods for resale
52,970
54,745

226,116
251,810


Page 9

 
REFURB-A-SASH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Debtors

2024
2023
£
£


Trade debtors
1,809
-

Other debtors
13,199
-

Prepayments and accrued income
42,204
130,790

57,212
130,790



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
132,369
250,104

132,369
250,104



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
67,778
71,667

Trade creditors
126,617
129,294

Corporation tax
-
42,073

Other taxation and social security
27,999
13,114

Other creditors
182,517
201,183

Accruals and deferred income
2,991
5,649

407,902
462,980


Bank loans are secured by a fixed and floating charge against all the assets of the company.

Page 10

 
REFURB-A-SASH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
14,595
82,373

14,595
82,373


Bank loans are secured by a fixed and floating charge against all the assets of the company.


11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
67,778
71,667


67,778
71,667

Amounts falling due 1-2 years

Bank loans
14,595
67,778


14,595
67,778

Amounts falling due 2-5 years

Bank loans
-
14,595


-
14,595


82,373
154,040



12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100


Page 11

 
REFURB-A-SASH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

13.


Commitments under operating leases

At 30 June 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
146,400
146,400

Later than 1 year and not later than 5 years
292,800
439,200

439,200
585,600


14.


Transactions with directors

Included within other debtors are loans to directors amounting to £4,666 (2023 - £Nil). During the year, the director repaid loans of £70,000 and withdrew monies amounting to £88,634. The loans is interest free and repayable on demand.


15.


Related party transactions

Included within other creditors is an amount of £Nil (2023 - £13,968) owed to a director and shareholder. The interest charge on the balance totalled £Nil (2023 - £Nil) for the year.


16.


Controlling party

The ultimate controlling party of the company is A S Thompson, a director, by virtue of his majority shareholding. 

 
Page 12