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Company No: 07065022 (England and Wales)

CLARKES WINDOWS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

CLARKES WINDOWS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

CLARKES WINDOWS LIMITED

BALANCE SHEET

As at 31 December 2024
CLARKES WINDOWS LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 94,304 63,965
94,304 63,965
Current assets
Stocks 4 5,000 5,000
Debtors 5 333,486 348,346
Cash at bank and in hand 121,792 152,947
460,278 506,293
Creditors: amounts falling due within one year 6 ( 140,319) ( 123,205)
Net current assets 319,959 383,088
Total assets less current liabilities 414,263 447,053
Creditors: amounts falling due after more than one year 7 ( 49,916) ( 54,710)
Provision for liabilities 8 ( 23,576) ( 18,754)
Net assets 340,771 373,589
Capital and reserves
Called-up share capital 200 200
Profit and loss account 340,571 373,389
Total shareholders' funds 340,771 373,589

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Clarkes Windows Limited (registered number: 07065022) were approved and authorised for issue by the Board of Directors on 05 June 2025. They were signed on its behalf by:

Mrs A J Clarke
Director
Mr A J Clarke
Director
CLARKES WINDOWS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
CLARKES WINDOWS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Clarkes Windows Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House East Wing Ground, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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.

Deferred tax
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 financial statements. 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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Tools and equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. 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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 15 13

3. Tangible assets

Vehicles Tools and equipment Total
£ £ £
Cost
At 01 January 2024 72,336 19,271 91,607
Additions 94,044 1,166 95,210
Disposals ( 72,336) 0 ( 72,336)
At 31 December 2024 94,044 20,437 114,481
Accumulated depreciation
At 01 January 2024 16,088 11,554 27,642
Charge for the financial year 21,456 1,216 22,672
Disposals ( 30,137) 0 ( 30,137)
At 31 December 2024 7,407 12,770 20,177
Net book value
At 31 December 2024 86,637 7,667 94,304
At 31 December 2023 56,248 7,717 63,965

4. Stocks

2024 2023
£ £
Stocks 5,000 5,000

5. Debtors

2024 2023
£ £
Trade debtors 203,393 177,475
Other debtors 130,093 170,871
333,486 348,346

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 2,880 2,800
Trade creditors 31,450 29,106
Taxation and social security 84,500 78,520
Obligations under finance leases and hire purchase contracts 15,687 8,173
Other creditors 5,802 4,606
140,319 123,205

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 1,065 3,930
Obligations under finance leases and hire purchase contracts 48,851 50,780
49,916 54,710

There are no amounts included above in respect of which any security has been given by the small entity.

8. Provision for liabilities

2024 2023
£ £
Deferred tax 23,576 18,754
Deferred taxation Total
£ £
At 01 January 2024 18,754 18,754
Charged to the Profit and Loss Account 4,822 4,822
At 31 December 2024 23,576 23,576

Deferred tax

2024 2023
£ £
Accelerated capital allowances 23,576 18,754
Provision for deferred tax 23,576 18,754

9. Financial commitments

Commitments

Capital commitments are as follows:

2024 2023
£ £
Contracted for but not provided for:
Finance leases entered into 9,403 19,980

10. Related party transactions

Transactions with the entity's directors

The directors loan account(s) are repayable on demand, and interest has been charged on overdrawn balance(s) exceeding £10,000 at the official HMRC rates.

At 01 January 2024, the balance owed from the directors was £163,659. During the year, the company made advances to directors amounting to £148,186 and received repayments of £191,862, leaving a balance due from the directors of £119,983.

At 01 January 2023, the balance owed from the directors was £126,739. During the year, the company made advances to directors amounting to £188,764 and received payments of £151,844, leaving a balance due from the directors of £163,659.