21 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 14,503 14,503 xbrli:pure xbrli:shares iso4217:GBP 05569515 2024-04-01 2025-03-31 05569515 2025-03-31 05569515 2024-03-31 05569515 2023-04-01 2024-03-31 05569515 2024-03-31 05569515 2023-03-31 05569515 core:NetGoodwill 2024-04-01 2025-03-31 05569515 core:PlantMachinery 2024-04-01 2025-03-31 05569515 core:FurnitureFittings 2024-04-01 2025-03-31 05569515 core:MotorVehicles 2024-04-01 2025-03-31 05569515 bus:Director2 2024-04-01 2025-03-31 05569515 bus:Director3 2024-04-01 2025-03-31 05569515 core:NetGoodwill 2025-03-31 05569515 core:PlantMachinery 2024-03-31 05569515 core:FurnitureFittings 2024-03-31 05569515 core:MotorVehicles 2024-03-31 05569515 core:PlantMachinery 2025-03-31 05569515 core:FurnitureFittings 2025-03-31 05569515 core:MotorVehicles 2025-03-31 05569515 core:WithinOneYear 2025-03-31 05569515 core:WithinOneYear 2024-03-31 05569515 core:AfterOneYear 2025-03-31 05569515 core:AfterOneYear 2024-03-31 05569515 core:ShareCapital 2025-03-31 05569515 core:ShareCapital 2024-03-31 05569515 core:RetainedEarningsAccumulatedLosses 2025-03-31 05569515 core:RetainedEarningsAccumulatedLosses 2024-03-31 05569515 core:PlantMachinery 2024-03-31 05569515 core:FurnitureFittings 2024-03-31 05569515 core:MotorVehicles 2024-03-31 05569515 bus:SmallEntities 2024-04-01 2025-03-31 05569515 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 05569515 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05569515 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05569515 bus:FullAccounts 2024-04-01 2025-03-31
COMPANY REGISTRATION NUMBER: 05569515
Universal Window Repairs Limited
Filleted Unaudited Financial Statements
31 March 2025
Universal Window Repairs Limited
Financial Statements
Year ended 31 March 2025
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Universal Window Repairs Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
5
246,716
238,573
Current assets
Stocks
174,737
174,737
Debtors
6
339,175
325,646
Cash at bank and in hand
171,170
339,370
--------
--------
685,082
839,753
Creditors: amounts falling due within one year
7
380,627
407,309
--------
--------
Net current assets
304,455
432,444
--------
--------
Total assets less current liabilities
551,171
671,017
Creditors: amounts falling due after more than one year
8
53,245
81,928
--------
--------
Net assets
497,926
589,089
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
497,826
588,989
--------
--------
Shareholders funds
497,926
589,089
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Universal Window Repairs Limited
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 1 July 2025 , and are signed on behalf of the board by:
Mr G Wanless
Mr P Wanless
Director
Director
Company registration number: 05569515
Universal Window Repairs Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Radley House, Hawkesworth, Didcot, Oxon, OX11 7PJ.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances .
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
100% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Fixtures and fittings
-
15% reducing balance
Motor vehicles
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
3. Employee numbers
The average number of persons employed by the company during the year amounted to 21 (2024: 23 ).
4. Intangible assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
14,503
-------
Amortisation
At 1 April 2024 and 31 March 2025
14,503
-------
Carrying amount
At 31 March 2025
-------
At 31 March 2024
-------
5. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2024
454,254
25,012
79,426
558,692
Additions
53,000
380
53,380
--------
-------
-------
--------
At 31 March 2025
507,254
25,392
79,426
612,072
--------
-------
-------
--------
Depreciation
At 1 April 2024
259,073
17,872
43,174
320,119
Charge for the year
33,669
1,109
10,459
45,237
--------
-------
-------
--------
At 31 March 2025
292,742
18,981
53,633
365,356
--------
-------
-------
--------
Carrying amount
At 31 March 2025
214,512
6,411
25,793
246,716
--------
-------
-------
--------
At 31 March 2024
195,181
7,140
36,252
238,573
--------
-------
-------
--------
6. Debtors
2025
2024
£
£
Trade debtors
333,910
322,803
Other debtors
5,265
2,843
--------
--------
339,175
325,646
--------
--------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
36,000
36,000
Trade creditors
243,930
224,836
Corporation tax
37,879
Social security and other taxes
53,008
56,253
Other creditors
47,689
52,341
--------
--------
380,627
407,309
--------
--------
8. Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
3,000
42,000
Other creditors
50,245
39,928
-------
-------
53,245
81,928
-------
-------
9. Related party transactions
The company was under the control of Mr D Wanless throughout the current and previous year. Mr Wanless is the majority shareholder. No other transactions with related parties were undertaken such as are required to be disclosed under the FRS102.