Associated Steel Window Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02981723 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

ASSOCIATED STEEL WINDOW SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S P Bennell

Mrs L Bennell

SECRETARY:

Ms L Bennell

REGISTERED OFFICE:

77 Milton Road

Croydon

Surrey

CR0 2BJ

REGISTERED NUMBER:

02981723 (England and Wales)

ACCOUNTANTS:

The Hughes Consultancy

1 Golden Court

Richmond

Surrey

TW9 1EU

FIXED ASSETS

Tangible assets

4

108,749

141,504

CURRENT ASSETS

Stocks

-

34,531

Debtors

5

275,667

324,018

Cash at bank and in hand

125,978

16,243

401,645

374,792

CREDITORS

Amounts falling due within one year

6

434,458

408,751

NET CURRENT LIABILITIES

(32,813

)

(33,959

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

75,936

107,545

CREDITORS

Amounts falling due after more than one
year

7

17,332

67,749

NET ASSETS

58,604

39,796

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

9

57,604

38,796

SHAREHOLDERS' FUNDS

58,604

39,796

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 29 October 2025 and were signed on its behalf by:

Mrs L Bennell - Director

1.	STATUTORY INFORMATION

Associated Steel Window Services 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.

Plant and machinery etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 November 2023

36,779

49,835

254,899

36,320

377,833

Additions

-

3,495

At 31 October 2024

36,779

49,835

254,899

39,815

381,328

DEPRECIATION

At 1 November 2023

26,674

48,669

131,951

29,035

236,329

Charge for year

2,526

292

30,737

2,695

36,250

At 31 October 2024

29,200

48,961

162,688

31,730

272,579

NET BOOK VALUE

At 31 October 2024

7,579

874

92,211

8,085

108,749

At 31 October 2023

10,105

1,166

122,948

7,285

141,504

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Other debtors

61,749

8,666

VAT

22,157

28,914

Prepayments and accrued income

191,761

286,438

275,667

324,018

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

10,648

38,490

Trade creditors

183,652

182,419

Tax

215,552

157,067

Social security and other taxes

16,372

16,212

Other creditors

1,483

8,288

Directors' current accounts

1,751

1,275

Accrued expenses

5,000

434,458

408,751

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans - 1-2 years

14,228

21,297

Bank loans - 2-5 years

-

2,060

Hire purchase contracts

3,104

44,392

17,332

67,749

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Bank overdraft

-

25,926

9.

RESERVES

Retained

earnings

£

At 1 November 2023

38,796

Profit for the year

291,400

Dividends

(272,592

)

At 31 October 2024

57,604