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REGISTERED NUMBER: 02354041 (England and Wales)















Windsor Glass & Glazing Co Ltd.

Unaudited Financial Statements for the Year Ended 31 August 2024






Windsor Glass & Glazing Co Ltd. (Registered number: 02354041)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Windsor Glass & Glazing Co Ltd.

Company Information
for the Year Ended 31 August 2024







Directors: H R Windsor
N Windsor
R M L R Windsor





Registered office: Invest House
Bruce Road
Fforestfach
Swansea
SA5 4HS





Registered number: 02354041 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Windsor Glass & Glazing Co Ltd. (Registered number: 02354041)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 4 37,094 46,866

Current assets
Stocks 15,219 23,771
Debtors 5 47,544 81,736
Cash at bank 1,516 3,253
64,279 108,760
Creditors
Amounts falling due within one year 6 (245,083 ) (210,864 )
Net current liabilities (180,804 ) (102,104 )
Total assets less current liabilities (143,710 ) (55,238 )

Creditors
Amounts falling due after more than one year 7 (7,500 ) (17,501 )
Net liabilities (151,210 ) (72,739 )

Capital and reserves
Called up share capital 9 103 103
Capital redemption reserve 13,497 13,497
Retained earnings (164,810 ) (86,339 )
Shareholders' funds (151,210 ) (72,739 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 7 April 2025 and were signed on its behalf by:





N Windsor - Director


Windsor Glass & Glazing Co Ltd. (Registered number: 02354041)

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

1. Statutory information

Windsor Glass & Glazing Co Ltd. 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.

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.

Turnover
Turnover relates to the provision of glazing services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% reducing balance, 15% straight line
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The company has net liabilities of £151,210 (2023 £72,739)

The directors consider the company has sufficient resources to meet its immediate requirements and will be implementing changes which will facilitate future profits and enable all long term financial commitments to be met.

The Directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements.

3. Employees and directors

The average number of employees during the year was 11 (2023 - 13 ) .

Windsor Glass & Glazing Co Ltd. (Registered number: 02354041)

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

4. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 September 2023 305,364 10,390 5,754 321,508
Additions - - 3,644 3,644
Disposals - (1,400 ) - (1,400 )
At 31 August 2024 305,364 8,990 9,398 323,752
Depreciation
At 1 September 2023 261,193 7,695 5,754 274,642
Charge for year 11,043 411 912 12,366
Eliminated on disposal - (350 ) - (350 )
At 31 August 2024 272,236 7,756 6,666 286,658
Net book value
At 31 August 2024 33,128 1,234 2,732 37,094
At 31 August 2023 44,171 2,695 - 46,866

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 47,544 81,736

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 73,860 62,302
Trade creditors 36,800 22,958
Social security and other taxes 2,649 4,185
VAT 14,098 27,674
Other creditors 9,331 9,496
Directors' loan accounts 103,500 70,300
Accrued expenses 4,845 13,949
245,083 210,864

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans (see note 8) 7,500 17,501

8. Loans

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 63,860 52,302
Bank loans 10,000 10,000
73,860 62,302

Amounts falling due between one and two years:
Bank loans - 1-2 years 7,500 10,000

Windsor Glass & Glazing Co Ltd. (Registered number: 02354041)

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

8. Loans - continued
2024 2023
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years - 7,501

The Bounce Back Loan Scheme is one of a number of government-backed lending schemes designed to support businesses affected by COVID-19

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
103 Ordinary £1 103 103

10. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
H R Windsor
Balance outstanding at start of year 68,768 66,300
Amounts advanced 50,000 37,038
Amounts repaid (18,100 ) (34,570 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 100,668 68,768

N Windsor
Balance outstanding at start of year 1,532 24,950
Amounts advanced 7,000 -
Amounts repaid (5,700 ) (23,418 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,832 1,532

No interest is charged on the loan.