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REGISTERED NUMBER: 09253528 (England and Wales)















IWS (INDEPENDENT WINDOW SYSTEMS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






IWS (INDEPENDENT WINDOW SYSTEMS) LIMITED (REGISTERED NUMBER: 09253528)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IWS (INDEPENDENT WINDOW SYSTEMS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: W L Hoyle
Mrs T K Hoyle





REGISTERED OFFICE: Unit 4
Primrose Industrial Estate
Coombe Valley Road
Dover
Kent
CT17 0UP





REGISTERED NUMBER: 09253528 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

IWS (INDEPENDENT WINDOW SYSTEMS) LIMITED (REGISTERED NUMBER: 09253528)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,508 8,678

CURRENT ASSETS
Stocks 906 18,428
Debtors 5 42,652 49,570
Cash at bank 3,184 4,744
46,742 72,742
CREDITORS
Amounts falling due within one year 6 (36,504 ) (64,125 )
NET CURRENT ASSETS 10,238 8,617
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,746

17,295

CREDITORS
Amounts falling due after more than one
year

7

(13,710

)

(16,350

)
NET ASSETS 3,036 945

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,936 845
SHAREHOLDERS' FUNDS 3,036 945

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

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

IWS (INDEPENDENT WINDOW SYSTEMS) LIMITED (REGISTERED NUMBER: 09253528)

BALANCE SHEET - continued
31 OCTOBER 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 13 March 2025 and were signed on its behalf by:




Mrs T K Hoyle - Director



W L Hoyle - Director


IWS (INDEPENDENT WINDOW SYSTEMS) LIMITED (REGISTERED NUMBER: 09253528)

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

1. STATUTORY INFORMATION

IWS (Independent Window Systems) Limited 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.

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.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

IWS (INDEPENDENT WINDOW SYSTEMS) LIMITED (REGISTERED NUMBER: 09253528)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023
and 31 October 2024 641 26,000 649 27,290
DEPRECIATION
At 1 November 2023 464 17,773 375 18,612
Charge for year 44 2,057 69 2,170
At 31 October 2024 508 19,830 444 20,782
NET BOOK VALUE
At 31 October 2024 133 6,170 205 6,508
At 31 October 2023 177 8,227 274 8,678

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 42,652 45,692
Other debtors - 3,878
42,652 49,570

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,918 20,124
Taxation and social security 25,585 37,121
Other creditors 5,001 6,880
36,504 64,125

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 13,710 16,350

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 3,235 5,875