Company Registration No. 07771199 (England and Wales)
Truestyle Windows and Property Repairs Ltd
Unaudited accounts
for the year ended 30 September 2024
Truestyle Windows and Property Repairs Ltd
Unaudited accounts
Contents
Truestyle Windows and Property Repairs Ltd
Company Information
for the year ended 30 September 2024
Company Number
07771199 (England and Wales)
Registered Office
Unit 3 Shireoaks Network Centre
Coach Crescent
Worksop
Nottinghamshire
S81 8AD
United Kingdom
Accountants
Athelstan Accounting Ltd
14 Middletons Yard
Worksop
Nottinghamshire
S80 2FT
Truestyle Windows and Property Repairs Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
103,146
74,041
Cash at bank and in hand
113,952
71,420
Creditors: amounts falling due within one year
(74,798)
(113,700)
Net current assets
89,447
32,627
Total assets less current liabilities
192,593
106,668
Creditors: amounts falling due after more than one year
(62,008)
(40,336)
Provisions for liabilities
Deferred tax
(17,755)
(12,999)
Called up share capital
100
100
Profit and loss account
112,730
53,233
Shareholders' funds
112,830
53,333
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 February 2025 and were signed on its behalf by
D Wheldon
Director
Company Registration No. 07771199
Truestyle Windows and Property Repairs Ltd
Notes to the Accounts
for the year ended 30 September 2024
Truestyle Windows and Property Repairs Ltd is a private company, limited by shares, registered in England and Wales, registration number 07771199. The registered office is Unit 3 Shireoaks Network Centre, Coach Crescent, Worksop, Nottinghamshire, S81 8AD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Reducing Balance 25%
Motor vehicles
Reducing Balance 25%
Fixtures & fittings
Reducing Balance 15%
Computer equipment
Reducing Balance 25%
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Truestyle Windows and Property Repairs Ltd
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2023
16,920
119,413
3,121
12,921
152,375
Additions
-
65,590
1,526
721
67,837
Disposals
-
(30,950)
-
-
(30,950)
At 30 September 2024
16,920
154,053
4,647
13,642
189,262
At 1 October 2023
15,607
55,661
840
6,226
78,334
Charge for the year
328
21,228
570
1,856
23,982
On disposals
-
(16,200)
-
-
(16,200)
At 30 September 2024
15,935
60,689
1,410
8,082
86,116
At 30 September 2024
985
93,364
3,237
5,560
103,146
At 30 September 2023
1,313
63,752
2,281
6,695
74,041
Amounts falling due within one year
Trade debtors
17,452
39,086
Accrued income and prepayments
-
3,821
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
18,591
17,959
Trade creditors
13,780
21,002
Taxes and social security
2,387
5,618
Loans from directors
(10,154)
282
Deferred income
45,255
51,374
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
62,008
40,336
Truestyle Windows and Property Repairs Ltd
Notes to the Accounts
for the year ended 30 September 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
The Director D Wheldon owed the Company £10,153.37 (2023:£0.00) at Year end. There are no repayment or interest terms
9
Average number of employees
During the year the average number of employees was 4 (2023: 3).