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REGISTERED NUMBER: 03657795 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Sealtight Windows (NE) Limited

Sealtight Windows (NE) Limited (Registered number: 03657795)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sealtight Windows (NE) Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: K Bell
Mrs V Bell





SECRETARY: K Bell





REGISTERED OFFICE: 16/17 Tees Court
Wallis Road
Skippers Lane Industrial Estate
Middlesbrough
Cleveland
TS6 6DX





REGISTERED NUMBER: 03657795 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Sealtight Windows (NE) Limited (Registered number: 03657795)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 2 2
Tangible assets 5 46,545 61,828
46,547 61,830

CURRENT ASSETS
Stocks 43,852 51,333
Debtors 6 13,452 49,948
Cash at bank and in hand 139,605 139,885
196,909 241,166
CREDITORS
Amounts falling due within one year 7 75,054 91,030
NET CURRENT ASSETS 121,855 150,136
TOTAL ASSETS LESS CURRENT
LIABILITIES

168,402

211,966

CREDITORS
Amounts falling due after more than one
year

8

7,178

17,446
NET ASSETS 161,224 194,520

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 161,222 194,518
SHAREHOLDERS' FUNDS 161,224 194,520

Sealtight Windows (NE) Limited (Registered number: 03657795)

Balance Sheet - continued
30 September 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 9 June 2025 and were signed on its behalf by:





K Bell - Director


Sealtight Windows (NE) Limited (Registered number: 03657795)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Sealtight Windows (NE) Limited 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.

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

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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
In respect of contracts ongoing over the year end, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long term contracts is recognised by reference to the stage of completion at the year end.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

Computer Equipment depreciated at 25% on cost is included within Fixtures and Fittings.


Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first in, first out formula. Provision is made for damaged, obsolete and slow moving stock where appropriate.

WORK IN PROGRESS
Where the substance of a contract is that the contractual obligations are performed gradually over time, revenue is recognised as contract activity progresses to reflect the partial performance of the contractual obligations. The amount of revenue included reflects the accrual of the right to consideration as contract activity progresses by reference to the value of the work performed.

Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Sealtight Windows (NE) Limited (Registered number: 03657795)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors and creditors receivable/payable
Debtors and creditors with no stated interest rate and receivable or payable are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortized cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 30 September 2024 887
AMORTISATION
At 1 October 2023
and 30 September 2024 885
NET BOOK VALUE
At 30 September 2024 2
At 30 September 2023 2

Sealtight Windows (NE) Limited (Registered number: 03657795)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023 168,685 31,550 91,300 291,535
Additions 6,450 - - 6,450
Disposals (3,350 ) - - (3,350 )
At 30 September 2024 171,785 31,550 91,300 294,635
DEPRECIATION
At 1 October 2023 154,840 30,908 43,959 229,707
Charge for year 5,169 570 15,993 21,732
Eliminated on disposal (3,349 ) - - (3,349 )
At 30 September 2024 156,660 31,478 59,952 248,090
NET BOOK VALUE
At 30 September 2024 15,125 72 31,348 46,545
At 30 September 2023 13,845 642 47,341 61,828

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,462 46,271
Other debtors 3,990 3,677
13,452 49,948

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,152 9,948
Trade creditors 36,879 40,677
Taxation and social security 18,997 31,358
Other creditors 9,026 9,047
75,054 91,030

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,178 17,446

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2