Company Registration No. 04491767 (England and Wales)
Banbury Windows and Conservatories Ltd
Unaudited accounts
for the year ended 31 July 2024
Banbury Windows and Conservatories Ltd
Unaudited accounts
Contents
Banbury Windows and Conservatories Ltd
Company Information
for the year ended 31 July 2024
Directors
Mr D Hill
Mr G D Banks
Company Number
04491767 (England and Wales)
Registered Office
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
Banbury Windows and Conservatories Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
44,708
47,950
Cash at bank and in hand
121,945
182,219
Creditors: amounts falling due within one year
(250,068)
(271,647)
Net current assets
14,579
12,869
Total assets less current liabilities
59,315
60,861
Provisions for liabilities
Deferred tax
(11,183)
(9,118)
Called up share capital
100
100
Profit and loss account
48,032
51,643
Shareholders' funds
48,132
51,743
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2025 and were signed on its behalf by
Mr D Hill
Director
Company Registration No. 04491767
Banbury Windows and Conservatories Ltd
Notes to the Accounts
for the year ended 31 July 2024
Banbury Windows and Conservatories Ltd is a private company, limited by shares, registered in England and Wales, registration number 04491767. The registered office is Moreton House, 31 High Street, Buckingham, Bucks, MK18 1NU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
33% on reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Banbury Windows and Conservatories Ltd
Notes to the Accounts
for the year ended 31 July 2024
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2023
8,875
107,254
21,150
4,905
142,184
Additions
-
23,768
-
-
23,768
Disposals
-
(58,572)
-
-
(58,572)
At 31 July 2024
8,875
72,450
21,150
4,905
107,380
At 1 August 2023
5,862
64,763
19,082
4,527
94,234
Charge for the year
602
13,428
310
123
14,463
On disposals
-
(46,025)
-
-
(46,025)
At 31 July 2024
6,464
32,166
19,392
4,650
62,672
At 31 July 2024
2,411
40,284
1,758
255
44,708
At 31 July 2023
3,013
42,491
2,068
378
47,950
Amounts falling due within one year
Trade debtors
106,607
69,566
Accrued income and prepayments
2,345
2,216
Banbury Windows and Conservatories Ltd
Notes to the Accounts
for the year ended 31 July 2024
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
39,571
36,580
Trade creditors
33,686
61,574
Taxes and social security
47,719
63,803
Other creditors
129,092
109,690
8
Average number of employees
During the year the average number of employees was 9 (2023: 9).