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Company Registration number: 03995371

Carlisle Window Systems Limited

Annual Report and Unaudited
Financial Statements


for the Year Ended 30 June 2024

 

Carlisle Window Systems Limited

Contents

Pages

Balance sheet

1 to 2

Notes to the financial statements

3 to 8

 

Carlisle Window Systems Limited

Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

787,829

654,468

Current assets

 

Stocks

5

92,764

251,787

Debtors

6

522,180

673,792

Cash at bank and in hand

 

384,124

310,359

 

999,068

1,235,938

Creditors: Amounts falling due within one year

7

(1,170,240)

(1,326,966)

Net current liabilities

 

(171,172)

(91,028)

Total assets less current liabilities

 

616,657

563,440

Creditors: Amounts falling due after more than one year

7

(235,892)

(275,459)

Provisions for liabilities

(89,774)

(58,200)

Net assets

 

290,991

229,781

Capital and reserves

 

Called up share capital

2

2

Other reserves

2

2

Retained earnings

290,987

229,777

Shareholders' funds

 

290,991

229,781

 

Carlisle Window Systems Limited

Balance Sheet as at 30 June 2024 (continued)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Company registration number: 03995371

Approved and authorised by the Board on 23 December 2024 and signed on its behalf by:
 

.........................................
Mr A J Kelly
Director

 

Carlisle Window Systems Limited

Notes to the financial statements for the Year Ended 30 June 2024

1

GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
19 Stephenson Road
Durranhill Industrial Estate
Carlisle
CA1 3NU
 

These financial statements were authorised for issue by the Board on 23 December 2024.

2

ACCOUNTING POLICIES

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

The financial statements have been prepared on the historical cost basis and in accordance with the applicable accounting standards.
The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

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

 

Carlisle Window Systems Limited

Notes to the financial statements for the Year Ended 30 June 2024 (continued)

2

ACCOUNTING POLICIES (continued)

Judgements and key sources of estimation uncertainty and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Carlisle Window Systems Limited

Notes to the financial statements for the Year Ended 30 June 2024 (continued)

2

ACCOUNTING POLICIES (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

2% straight line

Tools and equipment

15% reducing balance

Fixtures and fittings

15% reducing balance

Motor vehicles

25% reducing balance

Computer equipment

33% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Carlisle Window Systems Limited

Notes to the financial statements for the Year Ended 30 June 2024 (continued)

2

ACCOUNTING POLICIES (continued)

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
 Recognition and measurement
Basic financial instruments are initially recognised at the transaction price.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

 Impairment
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3

STAFF NUMBERS

The average number of persons employed by the company (including directors) during the year, was 51 (2023 - 50).

 

Carlisle Window Systems Limited

Notes to the financial statements for the Year Ended 30 June 2024 (continued)

4

TANGIBLE ASSETS

Freehold property
£

Fixtures and fittings
 £

Motor vehicles
 £

Computer equipment
 £

Tools and equipment
 £

Total
£

Cost or valuation

At 1 July 2023

559,151

157,395

83,575

57,099

681,588

1,538,808

Additions

-

-

-

1,779

182,768

184,547

Disposals

-

-

(3,000)

-

-

(3,000)

At 30 June 2024

559,151

157,395

80,575

58,878

864,356

1,720,355

Depreciation

At 1 July 2023

139,805

137,728

49,827

55,003

501,977

884,340

Charge for the year

11,183

2,950

8,300

1,025

27,180

50,638

Eliminated on disposal

-

-

(2,452)

-

-

(2,452)

At 30 June 2024

150,988

140,678

55,675

56,028

529,157

932,526

Carrying amount

At 30 June 2024

408,163

16,717

24,900

2,850

335,199

787,829

At 30 June 2023

419,346

19,667

33,748

2,096

179,611

654,468

 

Carlisle Window Systems Limited

Notes to the financial statements for the Year Ended 30 June 2024 (continued)

5

STOCKS

2024
£

2023
£

Stock

7,104

6,500

Work in progress

85,660

245,287

92,764

251,787

6

DEBTORS

Current

2024
£

2023
£

Trade debtors

484,352

627,466

Prepayments

36,678

32,346

Other debtors

1,150

13,980

 

522,180

673,792

7

CREDITORS

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

36,918

26,764

Trade creditors

 

674,749

797,707

Taxation and social security

 

140,409

107,845

Accruals and deferred income

 

202,691

237,754

Other creditors

 

115,473

156,896

 

1,170,240

1,326,966


Creditors include bank loans and overdrafts which are secured of £17,751 (2023 - £16,765).

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

235,892

275,459


Creditors include bank loans and overdrafts which are secured of £235,892 (2023 - £256,292).