REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 May 2024 |
for |
UPVC Direct Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 May 2024 |
for |
UPVC Direct Ltd |
UPVC Direct Ltd (Registered number: 04449412) |
Contents of the Financial Statements |
for the Year Ended 31 May 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
UPVC Direct Ltd |
Company Information |
for the Year Ended 31 May 2024 |
Director: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
Chartered Certified Accountants |
101 Dunraven Street |
Tonypandy |
CF40 1AR |
UPVC Direct Ltd (Registered number: 04449412) |
Balance Sheet |
31 May 2024 |
31.5.24 | 31.5.23 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
Current assets |
Debtors | 7 |
Investments | 8 |
Cash at bank |
Creditors |
Amounts falling due within one year | 9 |
Net current assets |
Total assets less current liabilities |
Provisions for liabilities |
Net assets |
Capital and reserves |
Called up share capital |
Fair value reserve | 10 |
Retained earnings |
Shareholders' funds |
The director acknowledges his 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. |
UPVC Direct Ltd (Registered number: 04449412) |
Balance Sheet - continued |
31 May 2024 |
The financial statements were approved by the director and authorised for issue on |
UPVC Direct Ltd (Registered number: 04449412) |
Notes to the Financial Statements |
for the Year Ended 31 May 2024 |
1. | Statutory information |
UPVC Direct Ltd is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
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. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Tangible fixed assets |
Freehold |
property |
£ |
Cost |
At 1 June 2023 |
Reclassification/transfer | ( |
) |
At 31 May 2024 |
Net book value |
At 31 May 2024 |
At 31 May 2023 |
5. | Fixed asset investments |
Other |
investments |
£ |
Cost or valuation |
Additions |
Revaluations | ( |
) |
At 31 May 2024 |
Net book value |
At 31 May 2024 |
UPVC Direct Ltd (Registered number: 04449412) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2024 |
5. | Fixed asset investments - continued |
Cost or valuation at 31 May 2024 is represented by: |
Other |
investments |
£ |
Valuation in 2024 | (46,380 | ) |
Cost | 542,179 |
495,799 |
If fixed asset investments had not been revalued they would have been included at the following historical cost: |
31.5.24 | 31.5.23 |
£ | £ |
Cost | 542,180 | - |
Fixed asset investments were valued on a market value basis on 31 May 2024 by Aegon . |
6. | Investment property |
Total |
£ |
Fair value |
Additions |
Revaluations | 114,598 |
Reclassification/transfer | 40,902 |
At 31 May 2024 |
Net book value |
At 31 May 2024 |
Fair value at 31 May 2024 is represented by: |
£ |
Valuation in 2024 | 114,598 |
Cost | 60,402 |
175,000 |
If Investment Property had not been revalued it would have been included at the following historical cost: |
31.5.24 | 31.5.23 |
£ | £ |
Cost | 60,402 | - |
Investment Property was valued on an open market value basis on 31 May 2024 by the director . |
UPVC Direct Ltd (Registered number: 04449412) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2024 |
7. | Debtors: amounts falling due within one year |
31.5.24 | 31.5.23 |
£ | £ |
Trade debtors |
Other debtors |
8. | Current asset investments |
31.5.24 | 31.5.23 |
£ | £ |
Aegon Investments | - | 500,000 |
9. | Creditors: amounts falling due within one year |
31.5.24 | 31.5.23 |
£ | £ |
Trade creditors |
Taxation and social security | ( |
) |
10. | Reserves |
Fair |
value |
reserve |
£ |
Reserve transfer | 93,006 |
At 31 May 2024 |
11. | Director's advances, credits and guarantees |
Included in other debtors is an amount due from the director amounting to £43,297. This loan is interest free and repayable within 9 months |
12. | Ultimate controlling party |
The ultimate controlling party is Mr C.Morecroft by virtue of his 100% shareholding in the company. |