Registered number
04664474
Colonial Windows Limited
Filleted Accounts
27 February 2024
Colonial Windows Limited
Registered number: 04664474
Balance Sheet
as at 27 February 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Tangible assets 3 278 35
Current assets
Debtors 4 48,428 28,123
Cash at bank and in hand 39,080 18,573
87,508 46,696
Creditors: amounts falling due within one year 5 (80,960) (37,421)
Net current assets 6,548 9,275
Total assets less current liabilities 6,826 9,310
Creditors: amounts falling due after more than one year 6 (6,750) (9,270)
Net assets 76 40
Capital and reserves
Called up share capital 8 100 100
Profit and loss account (24) (60)
Shareholders' funds 76 40
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Powell
Director
Approved by the board on 27 February 2025
Colonial Windows Limited
Notes to the Accounts
for the year ended 27 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

The accounts are presented in sterling which is the functional currency of the company and rounded to the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 28 February 2023 6,901 1,915 8,816
Additions 336 - 336
At 27 February 2024 7,237 1,915 9,152
Depreciation
At 28 February 2023 6,877 1,904 8,781
Charge for the year 90 3 93
At 27 February 2024 6,967 1,907 8,874
Net book value
At 27 February 2024 270 8 278
At 27 February 2023 24 11 35
4 Debtors 2024 2023
£ £
Trade debtors 32,814 -
Other debtors 15,614 28,123
48,428 28,123
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,000 3,300
Trade creditors 1,307 1,057
Taxation and social security costs 71,653 28,064
Other creditors 5,000 5,000
80,960 37,421
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 6,750 9,270
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
J Powell
Loan 13,141 - (2,620) 10,521
S Hadley
Loan 8,039 - (6,733) 1,306
21,180 - (9,353) 11,827
There were unsecured loans to directors at the start of the year of £21,180 with repayments during the year of £9,353. The loans are subject to interest equivalent to the official rate of interest used by HM Revenue & Customs for beneficial loans where appropriate. The balances outstanding at the year end were £11,827.
8 Share capital 2024 2023
£ £
Allotted, called up and fully paid:
Ordinary shares 100 100
9 Other information
Colonial Windows Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
133 Station Road
Cradley Heath
West Midlands
B64 6PL
Its registered number is: 04664474
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