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Registration number: 2267123

Biggerstaff Windows Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Biggerstaff Windows Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 11

 

Biggerstaff Windows Limited

Company Information

Directors

Mr R G Biggerstaff

Mr M Raynsford

Mrs P R Dorrell

Company secretary

Ms N L Biggerstaff

Registered office

110 Chandos Avenue
Whetstone
London
N20 9DZ

Accountants

JPL Accountancy Services Ltd 110 Chandos Avenue
Whetstone
London
N20 9DZ

 

Biggerstaff Windows Limited

(Registration number: 2267123)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

370,692

382,454

Current assets

 

Stocks

5

30,000

30,000

Debtors

6

30,960

61,214

Cash at bank and in hand

 

43,352

94,517

 

104,312

185,731

Creditors: Amounts falling due within one year

7

(216,701)

(319,930)

Net current liabilities

 

(112,389)

(134,199)

Total assets less current liabilities

 

258,303

248,255

Creditors: Amounts falling due after more than one year

7

-

(22,602)

Provisions for liabilities

(7,077)

(8,147)

Net assets

 

251,226

217,506

Capital and reserves

 

Called up share capital

8

252

252

Retained earnings

250,974

217,254

Shareholders' funds

 

251,226

217,506

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

 

Biggerstaff Windows Limited

(Registration number: 2267123)
Balance Sheet as at 31 August 2024

Directors' 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 February 2025 and signed on its behalf by:
 

.........................................
Mrs P R Dorrell
Director

   
     
 

Biggerstaff Windows Limited

Notes to the Financial Statements for the Year Ended 31 August 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:
110 Chandos Avenue
Whetstone
London
N20 9DZ

The principal place of business is:
Unit 12 Hearle Way
Hatfield Business Park
Hatfield
Herts
AL10 9EW

These financial statements were authorised for issue by the Board on 27 February 2025.

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 Corporation 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 corporation 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.

 

Biggerstaff Windows Limited

Notes to the Financial Statements for the Year Ended 31 August 2024

Deferred 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 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

Short leasehold

Nil (see below)

Furniture, fittings and equipment

25% on reducing balance and straight line

Motor vehicles

Straight line over 4 years



Short leasehold

No depreciation is provided on short leasehold property as it is the company's policy to maintain the property by a programme of repair and refurbishment such that the residual value of the leasehold is at least equal to the book value. Having regard to this, in the opinion of the directors, any depreciation required by the Companies Act 2006 would not be material.

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.

 

Biggerstaff Windows Limited

Notes to the Financial Statements for the Year Ended 31 August 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 in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

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.

 

Biggerstaff Windows Limited

Notes to the Financial Statements for the Year Ended 31 August 2024

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 directors) during the year, was 10 (2023 - 10).

 

Biggerstaff Windows Limited

Notes to the Financial Statements for the Year Ended 31 August 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2023

339,575

134,703

79,982

554,260

Additions

-

6,937

-

6,937

At 31 August 2024

339,575

141,640

79,982

561,197

Depreciation

At 1 September 2023

-

99,416

72,389

171,805

Charge for the year

-

11,107

7,593

18,700

At 31 August 2024

-

110,523

79,982

190,505

Carrying amount

At 31 August 2024

339,575

31,117

-

370,692

At 31 August 2023

339,575

35,286

7,593

382,454

Included within the net book value of land and buildings above is £339,575 (2023 - £339,575) in respect of short leasehold land and buildings.
 

 

Biggerstaff Windows Limited

Notes to the Financial Statements for the Year Ended 31 August 2024

5

Stocks

2024
£

2023
£

Other inventories

30,000

30,000

6

Debtors

Current

2024
£

2023
£

Trade debtors

15,923

51,352

Prepayments

11,770

9,862

Other debtors

3,267

-

 

30,960

61,214

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

11,140

34,588

Trade creditors

 

110,965

129,429

Taxation and social security

 

38,047

38,155

Accruals and deferred income

 

6,510

6,285

Other creditors

 

50,039

111,473

 

216,701

319,930

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £4,307 (2023 - £14,588).

Creditors include CBILS loan of £6,833 (2023 - £20,000).

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

-

22,602

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £Nil (2023 - £10,769).

Creditors include CBILS loan of £Nil (2023 - £11,833).

 

Biggerstaff Windows Limited

Notes to the Financial Statements for the Year Ended 31 August 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

250

250

250

250

A Ordinary of £1 each

1

1

1

1

B Ordinary of £1 each

1

1

1

1

252

252

252

252

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

-

18,295

Hire purchase contracts

-

4,307

-

22,602

Current loans and borrowings

2024
£

2023
£

Bank borrowings

6,833

28,845

Hire purchase contracts

4,307

5,743

11,140

34,588

 

Biggerstaff Windows Limited

Notes to the Financial Statements for the Year Ended 31 August 2024

10

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £33,000.00 (2023 - £15,000.00) per each A Ordinary

33,000

15,000

Interim dividend of £Nil (2023 - £18,000.00) per each B Ordinary

-

18,000

33,000

33,000