Company Registration No. 07111743 (England and Wales)
Windale Furnishings Limited
Unaudited accounts
for the year ended 31 January 2025
Windale Furnishings Limited
Unaudited accounts
Contents
Windale Furnishings Limited
Company Information
for the year ended 31 January 2025
Directors
Russell James Froggatt
Wendy Marjorie Froggatt
Secretary
Mrs W M Froggatt
Company Number
07111743 (England and Wales)
Registered Office
451 Brant Road
Waddington
Lincoln
LN5 9AL
Accountants
WatsonCo Chartered Accountants
Croft House Farm
Croft Marsh Lane
Croft
Lincolnshire
PE24 4AR
Windale Furnishings Limited
Statement of financial position
as at 31 January 2025
Intangible assets
72,000
80,000
Tangible assets
137,684
150,971
Cash at bank and in hand
105,266
45,912
Creditors: amounts falling due within one year
(130,703)
(156,395)
Net current assets
269,747
250,536
Total assets less current liabilities
479,431
481,507
Provisions for liabilities
Deferred tax
(19,848)
(22,210)
Net assets
459,583
459,297
Called up share capital
2
2
Profit and loss account
459,581
459,295
Shareholders' funds
459,583
459,297
For the year ending 31 January 2025 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 18 April 2025 and were signed on its behalf by
Wendy Marjorie Froggatt
Director
Company Registration No. 07111743
Windale Furnishings Limited
Notes to the Accounts
for the year ended 31 January 2025
Windale Furnishings Limited is a private company, limited by shares, registered in England and Wales, registration number 07111743. The registered office is 451 Brant Road, Waddington, Lincoln, LN5 9AL.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Impairment reviews are conducted at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
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:
Land & buildings
over the term of the leases
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
33% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Windale Furnishings Limited
Notes to the Accounts
for the year ended 31 January 2025
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 February 2024
38,304
75,828
137,205
1,440
358
253,135
Additions
-
-
27,279
-
-
27,279
Disposals
-
-
(13,985)
-
-
(13,985)
At 31 January 2025
38,304
75,828
150,499
1,440
358
266,429
At 1 February 2024
3,809
56,299
41,532
288
236
102,164
Charge for the year
1,274
4,883
29,632
230
122
36,141
On disposals
-
-
(9,560)
-
-
(9,560)
At 31 January 2025
5,083
61,182
61,604
518
358
128,745
At 31 January 2025
33,221
14,646
88,895
922
-
137,684
At 31 January 2024
34,495
19,529
95,673
1,152
122
150,971
Amounts falling due within one year
Trade debtors
257,428
323,098
Accrued income and prepayments
10,256
10,421
Windale Furnishings Limited
Notes to the Accounts
for the year ended 31 January 2025
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
7,387
42,038
Taxes and social security
41,615
20,648
Other creditors
584
11,149
Loans from directors
2,239
3,052
8
Operating lease commitments
2025
2024
At 31 January 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
4,081
-
Later than one year and not later than five years
9,234
26,143
Later than five years
107,508
128,316
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
(3,052)
107,493
106,680
(2,239)
(3,052)
107,493
106,680
(2,239)
10
Average number of employees
During the year the average number of employees was 23 (2024: 26).