Registered number
12852698
Sandringham Windows Norfolk Limited
Filleted Accounts
30 September 2024
Sandringham Windows Norfolk Limited
Registered number: 12852698
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 74,030 43,153
Current assets
Debtors 4 152,241 127,961
Cash at bank and in hand 267,836 185,421
420,077 313,382
Creditors: amounts falling due within one year 5 (173,209) (103,708)
Net current assets 246,868 209,674
Total assets less current liabilities 320,898 252,827
Creditors: amounts falling due after more than one year 6 (17,680) (11,451)
Net assets 303,218 241,376
Capital and reserves
Called up share capital 100 100
Profit and loss account 303,118 241,276
Shareholder's funds 303,218 241,376
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr C Setchell
Director
Approved by the board on 25 November 2024
Sandringham Windows Norfolk Limited
Notes to the Accounts
for the year ended 30 September 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).
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 over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 2,221 61,023 63,244
Additions 4,493 40,886 45,379
Disposals - (3,500) (3,500)
At 30 September 2024 6,714 98,409 105,123
Depreciation
At 1 October 2023 661 19,430 20,091
Charge for the year 358 12,202 12,560
On disposals - (1,558) (1,558)
At 30 September 2024 1,019 30,074 31,093
Net book value
At 30 September 2024 5,695 68,335 74,030
At 30 September 2023 1,560 41,593 43,153
4 Debtors 2024 2023
£ £
Trade debtors 134,644 121,562
Other debtors 17,597 6,399
152,241 127,961
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 1,054 785
Obligations under finance lease and hire purchase contracts 11,466 5,528
Trade creditors 79,985 51,220
Taxation and social security costs 73,784 42,842
Other creditors 6,920 3,333
173,209 103,708
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 17,680 11,451
7 Other information
Sandringham Windows Norfolk Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 3 Seven Gables Court
Oldmedow Road
Kings Lynn
Norfolk
PE30 4JL
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