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Registration number: 06946226

The Green Window Company (SW) Limited

Filleted Unaudited Financial Statements

for the Year Ended 30 June 2024

 

The Green Window Company (SW) Limited
(Registration number: 06946226)

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

The Green Window Company (SW) Limited
(Registration number: 06946226)

Company Information

Director

R Frame

Company secretary

R Frame

Registered office

28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

Accountants

Thompson Jenner LLP
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

 

The Green Window Company (SW) Limited
(Registration number: 06946226)

Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

194,302

203,608

Current assets

 

Stocks

5

43,717

51,769

Debtors

6

51,051

35,875

Cash at bank and in hand

 

146,277

136,193

 

241,045

223,837

Creditors: Amounts falling due within one year

7

(200,830)

(233,751)

Net current assets/(liabilities)

 

40,215

(9,914)

Total assets less current liabilities

 

234,517

193,694

Creditors: Amounts falling due after more than one year

7

(117,434)

(115,802)

Provisions for liabilities

(36,916)

(38,685)

Net assets

 

80,167

39,207

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

80,165

39,205

Total equity

 

80,167

39,207

 

The Green Window Company (SW) Limited
(Registration number: 06946226)

Balance Sheet as at 30 June 2024

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 21 February 2025
 

.........................................
R Frame
Company secretary and director

 

The Green Window Company (SW) Limited
(Registration number: 06946226)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

 

The Green Window Company (SW) Limited
(Registration number: 06946226)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold Property

2% Straightline

Motor Vehicles

25% Straightline

Office Equipment

25% Straightline

Plant & Machinery

25% Straightline

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

The Green Window Company (SW) Limited
(Registration number: 06946226)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

The Green Window Company (SW) Limited
(Registration number: 06946226)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 15 (2023 - 15).

 

The Green Window Company (SW) Limited
(Registration number: 06946226)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2023

205,320

2,093

78,654

3,337

289,404

Additions

-

276

8,400

-

8,676

At 30 June 2024

205,320

2,369

87,054

3,337

298,080

Depreciation

At 1 July 2023

16,424

1,315

65,555

2,502

85,796

Charge for the year

4,106

592

12,450

834

17,982

At 30 June 2024

20,530

1,907

78,005

3,336

103,778

Carrying amount

At 30 June 2024

184,790

462

9,049

1

194,302

At 30 June 2023

188,896

778

13,099

835

203,608

Included within the net book value of land and buildings above is £184,790 (2023 - £188,896) in respect of freehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other stocks

43,717

51,769

 

The Green Window Company (SW) Limited
(Registration number: 06946226)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Debtors

2024
£

2023
£

Trade debtors

46,838

33,814

Other debtors

3,898

1,854

Prepayments and accrued income

315

207

Total current trade and other debtors

51,051

35,875

7

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

24,229

26,912

Trade creditors

 

43,717

51,769

Taxation and social security

 

77,060

36,850

Other creditors

 

53,724

116,350

Accrued expenses

 

2,100

1,870

 

200,830

233,751

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £13,592 (2022 - £13,592)

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

117,434

115,802

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £96,688 (2022 - £106,484).

 

The Green Window Company (SW) Limited
(Registration number: 06946226)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

8

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Bank borrowings

24,229

24,477

Hire purchase contracts

-

2,435

24,229

26,912

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

117,434

115,802