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Registered number: 09579931
Barnham Windows & Conservatories Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09579931
2025 2024
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 61,058 58,427
61,058 58,427
CURRENT ASSETS
Stocks 5 7,367 2,063
Debtors 6 102,243 146,605
Cash at bank and in hand 133,712 85,933
243,322 234,601
Creditors: Amounts Falling Due Within One Year 7 (225,819 ) (189,477 )
NET CURRENT ASSETS (LIABILITIES) 17,503 45,124
TOTAL ASSETS LESS CURRENT LIABILITIES 78,561 103,551
Creditors: Amounts Falling Due After More Than One Year 8 (2,651 ) (13,088 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,265 ) (14,607 )
NET ASSETS 60,645 75,856
CAPITAL AND RESERVES
Called up share capital 9 200 200
Share premium account 7,752 7,752
Profit and Loss Account 52,693 67,904
SHAREHOLDERS' FUNDS 60,645 75,856
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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.
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr I Young
Director
Mr N Cox
Director
20 August 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Barnham Windows & Conservatories Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09579931 . The registered office is Unit S6 Parsonage Farm Yapton Road, Barnham, Bognor Regis, West Sussex, PO22 0BD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 4 years straight line
Motor Vehicles 5 years reducing balance
Fixtures & Fittings 5 years straight line
Computer Equipment 3 years straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Financial Instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
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 company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2.7. Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2024: 12)
12 12
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4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 2,323 68,795 803 7,256 79,177
Additions - 16,200 - 1,917 18,117
Disposals - (5,346 ) - (1,257 ) (6,603 )
As at 31 March 2025 2,323 79,649 803 7,916 90,691
Depreciation
As at 1 April 2024 2,323 13,300 228 4,899 20,750
Provided during the period - 9,356 161 2,049 11,566
Disposals - (1,426 ) - (1,257 ) (2,683 )
As at 31 March 2025 2,323 21,230 389 5,691 29,633
Net Book Value
As at 31 March 2025 - 58,419 414 2,225 61,058
As at 1 April 2024 - 55,495 575 2,357 58,427
5. Stocks
2025 2024
as restated
£ £
Stock 7,367 2,063
6. Debtors
2025 2024
as restated
£ £
Due within one year
Trade debtors 81,284 123,149
Other debtors 20,959 23,456
102,243 146,605
7. Creditors: Amounts Falling Due Within One Year
2025 2024
as restated
£ £
Trade creditors 105,920 62,726
Bank loans and overdrafts 10,434 10,183
Other creditors 60,080 64,325
Taxation and social security 49,385 52,243
225,819 189,477
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
as restated
£ £
Bank loans 2,651 13,088
9. Share Capital
2025 2024
as restated
£ £
Allotted, Called up and fully paid 200 200
10. Transition to FRS 102
For the year ended 31 March 2025, the company has prepared its financial statements in accordance with FRS 102 Section 1A – The Financial Reporting Standard applicable in the UK and Republic of Ireland. These are the first financial statements prepared under this framework, having previously applied the micro-entities regime under FRS 105.
The date of transition to FRS 102 Section 1A is 1 April 2023, being the start of the comparative period.
The transition to FRS 102 Section 1A has resulted in one material change in accounting policy:
Deferred Tax: Under FRS 105, deferred tax was not recognised. Under FRS 102, deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes.
As a result, the following deferred tax liabilities have been recognised:
31 March 2023: £12,286
31 March 2024: £14,607
31 March 2025: £15,265
There were no other changes to recognition or measurement policies that materially affected the financial position or performance of the company.
Comparative figures for the year ended 31 March 2024 have been restated where necessary to reflect the requirements of FRS 102 Section 1A.
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