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REGISTERED NUMBER: SC360887 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Normax Windows Limited

Normax Windows Limited (Registered number: SC360887)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Normax Windows Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: C McCartney
Mrs A McCartney
M C North





REGISTERED OFFICE: 2 Carron Place
Kelvin Industrial Estate
East Kilbride
G75 0YL





REGISTERED NUMBER: SC360887 (Scotland)





ACCOUNTANTS: Advantage Accounting (Scotland) Ltd
Pavilion 2
Finnieston Business Park
Minerva Way
Glasgow
G3 8AU

Normax Windows Limited (Registered number: SC360887)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,866 59,703

CURRENT ASSETS
Stocks 2,851 12,178
Debtors 5 509,021 404,245
Cash at bank 186,455 74,755
698,327 491,178
CREDITORS
Amounts falling due within one year 6 447,503 404,011
NET CURRENT ASSETS 250,824 87,167
TOTAL ASSETS LESS CURRENT
LIABILITIES

334,690

146,870

CREDITORS
Amounts falling due after more than one
year

7

(65,535

)

(46,209

)

PROVISIONS FOR LIABILITIES (18,450 ) (13,135 )
NET ASSETS 250,705 87,526

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 250,605 87,426
SHAREHOLDERS' FUNDS 250,705 87,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Normax Windows Limited (Registered number: SC360887)

Balance Sheet - continued
30 June 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 21 March 2025 and were signed on its behalf by:





Mrs A McCartney - Director


Normax Windows Limited (Registered number: SC360887)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Normax Windows Limited is a private company, limited by shares , registered in Scotland. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Normax Windows Limited (Registered number: SC360887)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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 12 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 156,740
Additions 56,989
Disposals (35,790 )
At 30 June 2024 177,939
DEPRECIATION
At 1 July 2023 97,037
Charge for year 28,049
Eliminated on disposal (31,013 )
At 30 June 2024 94,073
NET BOOK VALUE
At 30 June 2024 83,866
At 30 June 2023 59,703

Normax Windows Limited (Registered number: SC360887)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023 74,490
Additions 56,989
Transfer to ownership (24,500 )
At 30 June 2024 106,979
DEPRECIATION
At 1 July 2023 26,121
Charge for year 24,401
Transfer to ownership (16,748 )
At 30 June 2024 33,774
NET BOOK VALUE
At 30 June 2024 73,205
At 30 June 2023 48,369

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 369,104 306,136
Other debtors 139,917 98,109
509,021 404,245

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 7,000 7,000
Hire purchase contracts 25,901 20,862
Trade creditors 275,964 270,112
Taxation and social security 105,619 84,121
Other creditors 33,019 21,916
447,503 404,011

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 8,474 14,307
Hire purchase contracts 57,061 31,902
65,535 46,209