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Registration number: 06644802

Guaranteed Window Repairs Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2024

































 

 

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

Company Information

Directors

Mr Robin Richard Ray

Mrs Abigail Ray

Registered office

57 Plymouth Road
BUCKFASTLEIGH
Devon
TQ11 0DH

Accountants

Mr Dennis King
Accountant22 Rosemary Avenue
NEWTON ABBOT
Devon
TQ12 1NT

 

Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Guaranteed Window Repairs Ltd
for the Year Ended 31 July 2024

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Guaranteed Window Repairs Ltd for the year ended 31 July 2024 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given me.

This report is made solely to the Board of Directors of Guaranteed Window Repairs Ltd, as a body. My work has been undertaken solely to prepare for your approval the accounts of Guaranteed Window Repairs Ltd and state those matters that I have agreed to state to the Board of Directors of Guaranteed Window Repairs Ltd, as a body. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Guaranteed Window Repairs Ltd and its Board of Directors as a body for my work or for this report.

It is your duty to ensure that Guaranteed Window Repairs Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Guaranteed Window Repairs Ltd. You consider that Guaranteed Window Repairs Ltd is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the accounts of Guaranteed Window Repairs Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory accounts.

......................................

Mr Dennis King
Accountant
22 Rosemary Avenue
NEWTON ABBOT
Devon
TQ12 1NT

25 April 2025

 

(Registration number: 06644802)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,209

5,222

Current assets

 

Cash at bank and in hand

 

13,580

5,637

Creditors: Amounts falling due within one year

5

(11,435)

(10,658)

Net current assets/(liabilities)

 

2,145

(5,021)

Net assets

 

6,354

201

Capital and reserves

 

Called up share capital

6

2

2

Retained earnings

6,352

199

Shareholders' funds

 

6,354

201

For the financial 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.

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 and 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.

Approved and authorised by the Board on 25 April 2025 and signed on its behalf by:
 

.........................................
Mr Robin Richard Ray
Director

 

Notes to the Unaudited Financial Statements for the Year Ended 31 July 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:
57 Plymouth Road
BUCKFASTLEIGH
Devon
TQ11 0DH
United Kingdom

These financial statements were authorised for issue by the Board on 25 April 2025.

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

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Changes in circumstances

Change of business activity
The change of company name from Robin Ray Ltd to Guaranteed Window Repairs Ltd represents a change in business trading activity from that of a window cleaning contractor to that of a specialised window and door repair service company.

This change of name and activity, effective March 2025, post-dates the current trading period, year to July 2024, wherein the trade remained that of a window cleaning contractor.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

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

Plant and machinery

25% on written down value

Motor vehicles

25% on written down value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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 non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the 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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 August 2023

11,989

20,909

32,898

Additions

-

390

390

At 31 July 2024

11,989

21,299

33,288

Depreciation

At 1 August 2023

11,483

16,193

27,676

Charge for the year

127

1,276

1,403

At 31 July 2024

11,610

17,469

29,079

Carrying amount

At 31 July 2024

379

3,830

4,209

At 31 July 2023

506

4,716

5,222

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Amounts due to related parties

6,189

8,024

Taxation and social security

4,496

1,984

Accruals and deferred income

750

650

11,435

10,658

 

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary GBP1.00 of £1 each

2

2

2

2

       

7

Dividends

2024

2023

£

£

Interim dividend of £6,000.00 (2023 - £4,750.00) per ordinary share

12,000

9,500

 

 

8

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

23,880

23,880