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REGISTERED NUMBER: 13579176 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Wintech Engineering Limited

Previously known as
Wintech Facade Engineering Limited

Wintech Engineering Limited (Registered number: 13579176)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wintech Engineering Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr C Abela
Mr G S Bassi
Mrs N Dawood
Mr C J Emery
Mr A J Humphrey
Mr C J Macey
Mr P N Savidge
Mr J D Smith
Mr D S Watabiki
Mr A D Skipp
Mrs N Haywood





REGISTERED OFFICE: Quartz House
Pendeford Business Park
Wolverhampton
WV9 5HA





REGISTERED NUMBER: 13579176 (England and Wales)





AUDITORS: TAG Assurance Services Limited
Chartered Accountants and
Registered Auditors
8 Pendeford Place
Pendeford Business Park
Wolverhampton
West Midlands
WV9 5HD

Wintech Engineering Limited (Registered number: 13579176)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 2,483,519 1,641,438
Cash at bank 133,687 236,417
2,617,206 1,877,855
CREDITORS
Amounts falling due within one year 5 2,458,142 1,709,101
NET CURRENT ASSETS 159,064 168,754
TOTAL ASSETS LESS CURRENT
LIABILITIES

159,064

168,754

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 158,964 168,654
SHAREHOLDERS' FUNDS 159,064 168,754

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:





Mr P N Savidge - Director


Wintech Engineering Limited (Registered number: 13579176)

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

1. STATUTORY INFORMATION

Wintech Engineering 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going Concern
The financial statements have been prepared on a going concern basis.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as an interest expense in the income statement.

Financial assets and liabilities
All financial assets and liabilities are initially measures at transaction price (including transaction costs), except for those financial assets classified at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transactions costs).

Trade debtors and amounts owed by group undertakings
Trade debtors and amounts owed by group undertakings are recognized initially at transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for impairment of trade debtors and amounts owed by group undertakings are 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 receivable.

Trade creditors and amounts owed to group undertakings
Trade creditors and amounts owed to group undertakings 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 amounts falling due after more than one year.

Equity instruments
Equity instruments are measured at 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.

Wintech Engineering Limited (Registered number: 13579176)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.The policies adopted for the recognition of turnover are as follows:

Rendering of services

Revenue is derived from the value of work performed during the period either on a percentage of completion for completed works or costs incurred on the contracted work ongoing across the year end.

If any project is forecast to make a loss, the loss is provided for in full at the year end.

Interest Income

Interest is recognised when the company has the right to receive calculated on a time apportionment basis using the effective rate of interest.

Dividend Income

Dividend Income is recognised when the company has the right to receive payment.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,382,756 1,533,703
Amounts owed by group undertakings 41,164 72,642
Other debtors 59,599 35,093
2,483,519 1,641,438

Wintech Engineering Limited (Registered number: 13579176)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,717 3,243
Amounts owed to group undertakings 2,118,198 1,337,863
Taxation and social security 183,467 289,394
Other creditors 145,760 78,601
2,458,142 1,709,101

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Shaun Philpott FCA (Senior Statutory Auditor)
for and on behalf of TAG Assurance Services Limited

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Wintech Group Limited, incorporated in England and Wales and whose registered office is the same as Wintech Facade Engineering Limited. The parent undertaking of the largest and the smallest group within which the company belongs and for which group accounts are prepared is Wintech Group Limited. Copies of the group financial statements of Wintech Group Limited are available from its registered office.