REGISTERED NUMBER: 06778209 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Spinnaker Windows & Conservatories

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J P Mitchell

SECRETARY:

Mrs E V Mitchell

REGISTERED OFFICE:

c/o Ency Associates

Printware Court

Cumberland Business Centre

Portsmouth

Hampshire

PO5 1DS

REGISTERED NUMBER:

06778209 (England and Wales)

ACCOUNTANTS:

Ency Associates

Chartered Certified Accountants

Printware Court

Cumberland Business Centre

Northumberland Road

Portsmouth

Hampshire

PO5 1DS

FIXED ASSETS

Tangible assets

4

34,884

9,628

CURRENT ASSETS

Stocks

1,213

1,145

Debtors

5

25,847

8,869

Cash at bank

6,068

9,516

33,128

19,530

CREDITORS

Amounts falling due within one year

6

68,132

66,797

NET CURRENT LIABILITIES

(35,004

)

(47,267

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(120

)

(37,639

)

CREDITORS

Amounts falling due after more than one year

7

(33,603

)

(18,424

)

PROVISIONS FOR LIABILITIES

(6,628

)

(1,829

)

NET LIABILITIES

(40,351

)

(57,892

)

CAPITAL AND RESERVES

Called up share capital

6

6

Retained earnings

(40,357

)

(57,898

)

SHAREHOLDERS' FUNDS

(40,351

)

(57,892

)

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

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

The director acknowledges his 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 director and authorised for issue on 26 September 2025 and were signed by:

J P Mitchell - Director

1.	STATUTORY INFORMATION

Spinnaker Windows & Conservatories 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant & machinery

-

25% on reducing balance

Motor vehicles

-

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant &

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

517

39,995

40,512

Additions

-

38,386

38,386

Disposals

-

(15,000

)

(15,000

)

At 31 December 2024

517

63,381

63,898

DEPRECIATION

At 1 January 2024

299

30,585

30,884

Charge for year

54

11,574

11,628

Eliminated on disposal

-

(13,498

)

(13,498

)

At 31 December 2024

353

28,661

29,014

NET BOOK VALUE

At 31 December 2024

164

34,720

34,884

At 31 December 2023

218

9,410

9,628

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

38,386

At 31 December 2024

38,386

DEPRECIATION

Charge for year

9,597

At 31 December 2024

9,597

NET BOOK VALUE

At 31 December 2024

28,789

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

24,313

5,726

Amounts recoverable on contract

1,380

2,583

Other debtors

154

560

25,847

8,869

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

14,257

14,000

Hire purchase contracts

7,516

-

Trade creditors

31,509

33,004

Taxation and social security

11,787

16,924

Other creditors

3,063

2,869

68,132

66,797

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

4,167

18,424

Hire purchase contracts

29,436

-

33,603

18,424

8.	ULTIMATE CONTROLLING PARTY

The controlling party is J P Mitchell.

9.	GOING CONCERN

The Financial Statements have been prepared on the going concern basis of accounting. At the Balance Sheet date the company had net current liabilities of £35,004 and net liabilities of £40,351. The director has indicated his continued support for the company and has made further money available since the Balance Sheet date to ensure liabilities have been met as and when they fall due. The Financial Statements include no adjustments should this basis of accounting prove to be inappropriate.