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REGISTERED NUMBER: 04612012 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PHILIP WHEAR WINDOWS
& CONSERVATORIES LTD

PHILIP WHEAR WINDOWS
& CONSERVATORIES LTD (REGISTERED NUMBER: 04612012)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHILIP WHEAR WINDOWS
& CONSERVATORIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: R L B Phillips
Mrs K J Green
K A Royle





REGISTERED OFFICE: Wilson Way
Pool Industrial Estate
REDRUTH
Cornwall
TR15 3RT





REGISTERED NUMBER: 04612012 (England and Wales)





ACCOUNTANT: Catherine Bennett Ltd
Chartered Accountant
Wheal Harmony House
Solomon Road
Redruth
Cornwall
TR15 1FD

PHILIP WHEAR WINDOWS
& CONSERVATORIES LTD (REGISTERED NUMBER: 04612012)

BALANCE SHEET
31 DECEMBER 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 251,523 260,863
251,523 260,863

CURRENT ASSETS
Stocks 92,000 105,089
Debtors 6 435,120 273,779
Cash in hand 2,441 221
529,561 379,089
CREDITORS
Amounts falling due within one year 7 412,956 354,120
NET CURRENT ASSETS 116,605 24,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

368,128

285,832

CREDITORS
Amounts falling due after more than one
year

8

(4,347

)

(22,521

)

PROVISIONS FOR LIABILITIES (62,881 ) (65,216 )
NET ASSETS 300,900 198,095

CAPITAL AND RESERVES
Called up share capital 105 105
Retained earnings 300,795 197,990
SHAREHOLDERS' FUNDS 300,900 198,095

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

PHILIP WHEAR WINDOWS
& CONSERVATORIES LTD (REGISTERED NUMBER: 04612012)

BALANCE SHEET - continued
31 DECEMBER 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 26 February 2025 and were signed on its behalf by:




R L B Phillips - Director Mrs K J Green - Director




K A Royle - Director


PHILIP WHEAR WINDOWS
& CONSERVATORIES LTD (REGISTERED NUMBER: 04612012)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Philip Whear Windows & Conservatories Ltd 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 2003, 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.
Plant and machinery - 10% on reducing balance and not provided
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost and 33% on reducing balance

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

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.


PHILIP WHEAR WINDOWS
& CONSERVATORIES LTD (REGISTERED NUMBER: 04612012)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 60,000
AMORTISATION
At 1 January 2024
and 31 December 2024 60,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

PHILIP WHEAR WINDOWS
& CONSERVATORIES LTD (REGISTERED NUMBER: 04612012)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 276,024 62,621 97,134 39,675 475,454
Additions 15,544 10,458 - 2,413 28,415
Disposals (22,372 ) (4,371 ) (6,750 ) (19,879 ) (53,372 )
At 31 December 2024 269,196 68,708 90,384 22,209 450,497
DEPRECIATION
At 1 January 2024 78,132 28,485 80,151 27,823 214,591
Charge for year 13,735 4,113 4,227 3,577 25,652
Eliminated on disposal (17,446 ) (898 ) (6,675 ) (16,250 ) (41,269 )
At 31 December 2024 74,421 31,700 77,703 15,150 198,974
NET BOOK VALUE
At 31 December 2024 194,775 37,008 12,681 7,059 251,523
At 31 December 2023 197,892 34,136 16,983 11,852 260,863

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 294,687 237,084
Other debtors 7,422 5,824
Directors' current accounts 125,149 22,561
Prepayments and accrued income 7,862 8,310
435,120 273,779

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans and overdrafts 40,447 32,194
Hire purchase contracts 7,770 7,050
Trade creditors 71,696 73,449
Tax 44,076 12,443
Social security and other taxes 6,215 6,183
VAT 46,614 36,522
Other creditors 4,148 4,560
Warranty provision 161,748 163,774
Accruals and deferred income 24,888 4,535
Company credit card 5,354 13,410
412,956 354,120

PHILIP WHEAR WINDOWS
& CONSERVATORIES LTD (REGISTERED NUMBER: 04612012)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/24 31/12/23
£    £   
Bank loans - 1-2 years 4,347 10,404
Bank loans - 2-5 years - 4,347
Hire purchase contracts - 7,770
4,347 22,521

9. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £68,389 (2023 £66,095).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31/12/24 31/12/23
£    £   
K A Royle
Balance outstanding at start of year 3,542 458
Amounts advanced 57,116 42,312
Amounts repaid (4,653 ) (39,228 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 56,005 3,542

R L B Phillips
Balance outstanding at start of year 9,975 10,285
Amounts advanced 60,719 71,934
Amounts repaid (19,992 ) (72,244 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,702 9,975

Mrs K J Green
Balance outstanding at start of year 9,044 (347 )
Amounts advanced 30,671 25,676
Amounts repaid (21,273 ) (16,285 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,442 9,044

Interest is charged on overdrawn directors loan accounts in excess of £10,000 at the HM Revenue & Customs official rate of interest.

All overdrawn balances were repaid to the company before 30 September 2025.

PHILIP WHEAR WINDOWS
& CONSERVATORIES LTD (REGISTERED NUMBER: 04612012)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

11. FIXED CHARGE

At the 31 December 2024 there is a fixed and floating charge including negative pledge over all the property or undertaking of the company in favour of NatWest Bank plc.